TALLAHASSEE, FL - October 6, 2010 - (RealEstateRama) — Attorney General Bill McCollum today announced a multi state agreement with Wells Fargo Bank over allegations of deceptive marketing of payment option adjustable rate mortgage loans (POA’s) by Wachovia Corporation and Golden West Corporation,...

Stephen Petrovich, Chief of Police, Rob Petrovich son and Steven Reese, Ryan O’Brien, Tyler Forrey and Troy Bossert have all entered pleas in relation to a four million two hundred thousand dollar mortgage conspiracy. The five were accused of conspiring to obtain financial gain by submitting and obtaining...

United States Attorney, Daniel Bogden, said that former United Technologists Chief Calway William Cauley is schedule for sentencing on May 17th. Mr. Cauley was convicted of two conspiracy counts and three mail and bank fraud charges. Calway Cauley, age 68, from California went through a jury trial and...

The numbers are almost unbelievable however forecasters predict that within the next two years the number of home mortgage foreclosures will reach an overwhelming figure of twenty five million. The number of foreclosures since this housing crisis started in 2007 to present is just over eight million....

Economic reporter for the New York Times, Edward Andrews not only reported on the residential housing market boom but he also reported on the housing markets downfall. Andrews himself fell into financial disappear with his own mortgage crisis. Andrews in his book Busted he had done a marvelous job of...

Judge Jeffrey Tureck on Friday, September 18th denied BB&T’s request to hold a closed Federal Hearing involving Amy Stroupe who formerly worked for BB&T. Ms. Stroupe was fired from her position as an investigator for BB&T after she uncovered a North Carolina development scheme that cost...

Law makers are trying to pass bills to regulate the mortgage industry however they have meet with resistance from mortgage industry lenders and the Governor Arnold Schwarzenegger himself. Last year Schwarzenegger vetoed one that was similar. Law makers are looking for Governor Schwarzenegger to sign...

The Chief Executive Officers of Subprime Lending Institutions seem to have escaped prosecution in regard to fraud in the mortgage industry.  Attorney Generals across the Nation seem to be doing the “perp walk” for the lower level fraudsters in the mortgage industry but we have yet to see the upper...

Subprime lenders are lined up to received tax payer money to fix the subprime mortgage mess that has devastated the banking system.  Twenty one billion dollars that was ear marked to help bail out borrowers in the loans that these lenders created. The funds come from the Home Affordable Modification...