September 3, 2010
... Christopher D. Hales, age 29, of Midvale, with mail, wire, and bank fraud and with money laundering in connection with an alleged mortgage fraud scheme. ...
Midvale man charged in mortgage fraud scheme - Deseret News- DS news - Carrie Bay - The industry has completed 1.13 million permanent loan modifications for at-risk homeowners so far in 2010, according to data released Wednesday by HOPE NOW, the private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit housing counselors.
Read Article... - Calculated Risk - The Pending Home Sales Index ... rose 5.2 percent to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1 percent below July 2009 when it was 98.1. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
Read Article... - Mortgage News Daily - Jann Swanson - Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original building. It includes construction of additional housing units in existing residential structures, finishing of basements and attics, modernization of kitchens, bathrooms, etc.
Read Article...... - Bloomberg Businessweek - Frank Aquila - "Without the right focus in Washington, job creation will continue to be slow and unsteady". In the wake of Barack Obama's historic and decisive victory in 2008, we were reminded that a crisis was a "terrible thing to waste." But recognizing an opportunity—and seizing it—are two different things.
Read Article... - WSJ - Michael Casey - The housing crisis needs multiple, coordinated policy solutions, Federal Reserve Bank of Cleveland President Sandra Pianalto said Thursday. Speaking at a housing conference in Washington at which Boston Fed President Eric Rosengren was also due to speak
Read Article... - BDO Seidman has brought on Richard Hauer, a commercial property workout professional, to assist the New York consulting firm's bankruptcy and restructuring professionals on ...
- Calculated Risk - The 127,028 consumer bankruptcies filed in August represented a 8 percent decrease nationwide over the 137,698 filings recorded in July 2010, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC).
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