From the Financial Times: FBI to target mortgage fraud The FBI is preparing to arrest hundreds of people across the US as early as next week for offences including encouraging borrowers to falsify income on mortgage applications, misleading home owners about foreclosure rescue programmes, and inflating home appraisals … The FBI is scheduled to release its 2009 mortgage report on June 17.
Posts Tagged fraud
American Capital, Ltd.
In terms of financial performance of their respective firms, Vikram Pandit the CEO of Citigoup Inc (NYSE: C) has been a goat for the last two years and Lloyd Blankfein has been a hero. Today, the tables changed.
We aren’t going to bother telling you the news on Goldman Sachs being charged by the SEC with fraud over mortgage products. The notion that hedge fund Paulson & Co. is being implicated and tied in on this fraud does have serious implications elsewhere. Whether it ultimately has any actual impact is a different notion [[ This is a content summary only.
From the IATA (International Air Transport Association), an estimate of what the Iceland volcano is costing the airline industry per day–$200 million.
From the Herald Tribune series on mortgage fraud in Florida: Flipping fraud ignored by police and prosecutors In November 2005, when the real estate market in Florida had just begun to slow, the state’s top law enforcement agency issued a warning that mortgage fraud was about to wreak financial havoc.
