Not too long ago a finance company like CitiFinancial, Beneficial Finance, or HFC could loan to people with less than perfect credit. Some loans would make money. Then greedy bankers and predatory brokers exploded the practice, and subprime was born. It changed the dictionary. Therefore it is proper to say that […]
In 2004, the FBI tracked 172 convictions or “pretrial diversions” involving mortgage fraud. The numbers were even greater in the first quarter of 2005, leading to its exhaustive “Financial Crimes Report to the Public.” The study identified the top 10 hot spots for mortgage fraud complaints as California, Nevada, Utah, Colorado, Missouri, Illinois, Michigan, South […]
Senators in Actress Jane Fonda’s home state of Georgia voted 38-1 against a resolution praising Fonda for charity donations and work to combat teenage pregnancy. Many in the US still see her as a traitor after a trip to the North Vietnamese capital, Hanoi, in 1972. Republican Senator John Douglas said Fonda, who picked […]
In a report just released by a foreclosure tracking service the number of homes in foreclosure increased a whopping 27% in January 2006 and a 45 percent increase from January 2005, with the state of Georgia leading in the number of foreclosures.
“The number of foreclosures from predatory lenders and inflated appraisals remains unclear […]
Alan and Linda Townsend were unhappy with the sprayed-on siding applied to their house, the frustrated couple launched a Web site to complain. They provided a format for others to complain as well.
Their efforts resulted in legal efforts against the couple. Companies routinely go after individuals when they feel people are maligning them […]
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