Thursday, February 9, 2012

Mortgage Scams Identity Theft - Thu Feb 9, 2012


Foreclosure Scam Demands Justice and Reparations
LoanSafe
An additional 28 percent of the nation's 45 million outstanding residential mortgages are under water, meaning homeowners owe more than the houses are worth. And despite the improving economy, RealtyTrac, a California firm that collects foreclosure ...
After spending spree, a reckoning for man behind state's biggest Ponzi scheme
Seattle Post Intelligencer
Berg's victims joined the thousands of others caught up in similar schemes operated by Bernie Madoff, Charles Ponzi – the 1920s crook for whom the scam is named – and the countless confidence men in between. Speaking Wednesday, Kenneth Hines, ...
Scams On FINRA's Radar Screen
Forbes
They usually contain derivatives, that is, they are expensive wagers based on other vehicles such as stocks, bonds, mortgage securities, commodities or currencies. Some of the most notorious structured products, often tagged as “principal protected” or ...
Pa. to get $226M from foreclosure-abuse settlement
WJAC Johnstown
Kelly says complex agreement will require several months for it to result in action, and consumers should be wary of scams linked to it. She says many people who are eligible for help will be contacted by their bank, mortgage servicing company, ...



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