Refinance Home Mortgage - Buyers sue Cay Clubs for fraud
Buyers sue Cay Clubs for fraud
Miami Herald - real estate scenario pitched by Cay Clubs sales staff — which prompted one couple to mortgage their home Cay Clubs warned earlier this month it may be forced into bankruptcy if it can’t refinance more than $74 million in loans coming due this fall.
Credit card defaults keep rising, report says
CNN Money - Moody’s told the paper the problem could be due to the property market slowdown and fewer homeowners opting not to refinance said that the people defaulting on their credit cards may not be the same individuals defaulting on their subprime home loans
Senator Urges Unethical Lender Crackdown
Forbes - national wave of foreclosures affecting millions of people with subprime home Banks should not be offering these loans and sucking more New York homebuyers and standards that lock borrowers into agreements without opportunity to refinance
Ex-American Home Mortgage manager going to prison
Newsday - In the American Home case, Partow, 41, helped a client refinance his home in 2006. Despite the client having provided accurate loans or fraudulent applications and included eight counts of wire fraud related to $2.2 million in American Home loans