Originaly by Stephanie Armour, USA TODAY: Howard Weiss is 77 and scared. This year, the semiretired distributor from Phoenix ran into financial problems and stopped making his mortgage payments. He was told his home was scheduled for a foreclosure auction in May.   CHART: Seniors feeling poorer   So...

If you have a mortgage with Countrywide Financial, may want to check your credit report. This advice follows the arrest of a Countrywide employee the FBI says sold Social Security numbers and other sensitive information on as many as 2 million customers.     The arrest was the result of a joint investigation...

Originaly by TMFR: On June 4, 2009, investigators from the San Bernardino County Real Estate Fraud Prosecution Unit arrested a Rancho Cucamonga real estate agent in a fraud scheme that has defrauded scores of victims in the county. Richard Nazabal, 51, was arrested without incident at his home in the...

by Amie Breton: Attorney General Martha Coakley Obtains Judgment Against Brockton Attorney for Her Alleged Role in Mortgage Fraud and a Foreclosure Rescue Scheme BOSTON – Attorney General Martha Coakley’s Office has entered into a judgment with Brockton attorney Valerie Hanserd resolving allegations...

Originaly By Garth Stapley: DA investigators given extra power to help them combat real estate scams All too often, they have no idea what hit them. People defrauded of their homes or victimized in other property scams are wracked with despair when they realize they’ve been conned. Many times,...

Scott Pelley Reports: (CBS)  How did the mortgage industry destroy itself and set off an economic collapse that ruined the finances of millions of Americans? Executives tend to hold themselves blameless, saying that no one could have seen the disaster coming. Well, judge for yourself after you hear...

Originaly by Joe Swickard: A state and federal task force charged a Dearborn resident Thursday with eight felonies, accusing him of running a major mortgage fraud operation. Eddie Zaben, 39, is accused of using his company, Mya’s Investments, to push phony and inflated mortgages through lending...

Originaly by CBS13: SACRAMENTO (AP) ― California is imposing a 90-day moratorium on housing foreclosures under a new law that takes effect Monday. The law is expected to make lenders try harder to keep borrowers in their homes. Loan companies must prove they tried to modify the delinquent loans...

Originaly by Zac Bissonnette: There has been a lot of coverage of the housing bubble and of the sloppiness in the mortgage industry that allowed the market to overheat based on loans to people who couldn’t pay them back. But for a quick, interesting, easy to understand introduction, you can’t...