- Paul Kiesel | October 28, 2008 4:08 PM | Los Angeles, CA
Category:
Miscellaneous
According to the Justice Department, San Joaquin Valley has been a hotbed for foreclosure modification scams, as cities like Stockton, Modesto and Merced top the foreclosure rankings among cities...
- Paul Kiesel | July 16, 2008 6:41 PM | Los Angeles, CA
Category:
Miscellaneous
CNN reports that the FBI is currently investigating IndyMac Bancorp for fraud. The federal government is likely looking into whether IndyMac committed fraud when it made home loans to subprime...
- Paul Kiesel | July 31, 2008 6:37 PM | Los Angeles, CA
Category:
Miscellaneous
The New York State Commission of Investigations reported that the state's mortgage borrowers need more regulatory protection from predatory lenders, according to CNNMoney.com. Predatory mortgage...
- Paul Kiesel | October 21, 2008 6:40 PM | Los Angeles, CA
Category:
Miscellaneous
Here's an interesting New York Times article describing the problems the FBI has been having in handling mortgage fraud cases.
The FBI increased its efforts and resources over the spring to...
- Paul Kiesel | September 24, 2009 6:28 PM | Los Angeles, CA
Category:
Miscellaneous
FYI: Here's a link to a blog I wrote a year ago that portends what's being described in the article below.
From Salon.com:
During the go-go years of the real estate bubble, shady mortgage brokers...
- Paul Kiesel | September 10, 2008 7:03 PM | Los Angeles, CA
Category:
Miscellaneous
John McCain and Sarah Palin gave their opinions on the federal government's takeover of Fannie Mae and Freddie Mac, yesterday, in the Wall Street Journal. Here are a few of the pair's stances: "The...
- Paul Kiesel | July 24, 2008 9:00 PM | Los Angeles, CA
Category:
Miscellaneous
In 2007, mortgage brokers and loan officers received huge payouts by lenders like Countrywide, Bear Stearns and IndyMac to put unsuspecting borrowers into expensive loans (supbrime, ALT-A., etc.),...
- Paul Kiesel | June 17, 2008 1:50 PM | Los Angeles, CA
Category:
Miscellaneous
Here are Barack Obama's and John McCain's plans for dealing with the mortgage crisis (according to each candidate's respective website):
Barack Obama wants to create a fund to help people refinance...
- Paul Kiesel | June 12, 2008 3:38 PM | Los Angeles, CA
Category:
Miscellaneous
The Federal Bureau of Investigation has ordered more than two dozen of its field offices to stop probing some financial crimes in order to focus on a surge in subprime mortgage fraud, according to...
- Paul Kiesel | June 06, 2008 6:44 PM | Los Angeles, CA
Category:
Miscellaneous
Attorney General Michael Mukasey rejected the idea on Thursday of creating a national task forced to combat mortgage fraud. Mukasey made it clear that he saw mortgage fraud as a major contributor that is helping exacerbate (if it didn't help start) the housing crisis.