Posts tagged subprime

• FBI Releases Mortgage Fraud Report

  Paul Kiesel | May 14, 2008 9:17 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  The FBI released its Mortgage Fraud Report today, and it presents a startling statistic: mortgage fraud increased 500% in 2007 from 2003 and is likely to be 10 times worse than 2003 by the end of...

• The Next Mortgage Crisis: Prime Borrowers

  Paul Kiesel | May 12, 2008 3:48 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  The time is coming when interest rates will reset in prime loans that were given to people with good credit in the last two years. These resets will have ramifications that are as bad or worse than...

• Countrywide Takes Away Home-Equity Credit Lines

  Paul Kiesel | May 06, 2008 8:04 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Countrywide is freezing the home-equity credit lines of almost all its Las Vegas customers and will proceed in doing the same to its customers in the Chicago and Los Angeles markets, which both...

• The FBI's Subprime Task Force

  Paul Kiesel | May 05, 2008 7:07 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  The FBI is forming a subprime lending task force in response to possible fraud and misconduct by subprime lenders. Over the last six weeks federal authorities have been trying to determine whether...