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A Columbus man charged with money laundering in connection with a huge local mortgage scam was sentenced today to one day in prison. Charles E. Townsend, 40, also will spend six months in a halfway house and six months on house arrest, U.S. District Court Judge Algenon L. Marbley announced. Marbley also ordered him to pay $333,206 in restitution to financial institutions he scammed
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News Sources wrote an interesting post today on
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More mortgage lenders are offering modifications to troubled homeowners on their own without going through the government’s HAMP process.
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News Sources wrote an interesting post today on
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March 19 (Bloomberg) — The Federal Reserve Board today removed an exemption it had given to six banks at the start of the financial crisis in 2007 aimed at boosting liquidity in financing markets for mortgage- and asset-backed securities.
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webmaster@technorati.com wrote an interesting post today on
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ABC News
Mortgage modifications spread beyond fedsMarketWatchNearly 150000 homeowners received mortgage modifications in January, according to Hope Now, an alliance of mortgage servicers, investors, mortgage insurers …Five More Ways Obama’s Mortgage Modification Program Fails Americans The Washington IndependentTARP watchdog to report on mortgage modification program BailoutSleuth.com (blog)The HAMP Hoax: How the Obama Administration is Hiding the Failures of a … Huffington Post (blog) ABC News - Red, White, and Blue Press (blog) - UPI.comall 223 news articles »
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News Sources wrote an interesting post today on
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Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017. The company plans to use the proceeds to repay mortgage debt totaling $212 million. It will use the rest, if any, for general… Mortgage – Great Wolf Resorts – United States – Business – Financial Services
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