Indiana Township man admits to mortgage fraud scheme
An Indiana Township man has pleaded guilty in federal court to charges of bank fraud, money laundering and aggravated identity theft in connection with a mortgage fraud scheme, U.S. Attorney David Hickton said on Monday.
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Source: Valley News Dispatch
Date Published: 21st June 11
“The Biggest Scam & Cover Up in US History”
PLEASE Share this video and Subscribe. The Big Bank CEO’s are ripping you off and the Federal Government is letting them get away with it, but you don’t have to! Send a clear message to Washington. No more bailout money for the big banks. Boycott: Citigroup Inc Bank of America Inc JPMorgan Chase & Co Wells Fargo & Co and don’t forget American International Group (AIG) Too big to fail is too big and powerful to exist!!! www.StopFascism.com FAIR USE We are making this material available as an effort to advance the understanding of humanity’s problems and hopefully to help find solutions for those problems. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 USC Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. A click on a hyperlink is a request for information. Consistent with this notice you are welcome to make ‘fair use’ of anything you find on our channel. However, if you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner. Video Clip From: “Fast Money” on CNBC Music Clip: Revolution by Authority Zero
Merrill Must Face Group Lawsuit Over Mortgage Securities
Bank of America Corp.’s Merrill Lynch unit must face a group lawsuit by union and public employee retirement funds over mortgage-backed securities, a federal judge ruled.
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Source: BusinessWeek
Date Published: 20th June 11
Dare Sentenced
Former Urban League president Aaron Dare was sentenced in federal court this morning to more than five years in prison for his role in a federal loan scheme.
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Source: WRGB Albany
Date Published: 21st June 11
Regions Explores Morgan Keegan ‘Alternatives’ After Settlement
Regions Financial Corp. said it will consider “strategic alternatives” for its Morgan Keegan division after the unit resolved claims by federal, state and industry regulators over subprime mortgage-backed securities.
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Source: BusinessWeek
Date Published: 22nd June 11
Federal Reserve holds line on interest rates, pledges to wind down $600 billion bond program
The Fed repeats its pledge to keep interest rates at record lows near zero for “an extended period.”
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Source: The Oregonian
Date Published: 22nd June 11
Personal Financial Woes on File for Cook County Recorder
(Chicago Tribune) — The Cook County politician in charge of keeping records of federal income tax liens and mortgage foreclosure notifications now finds himself slapped with both. Recorder of Deeds Eugene “Gene” Moore faces a lien for nearly ,000 in unpaid income taxes. And a bank is seeking to foreclose on his Maywood home because [...]
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Source: The Atlanta Post
Date Published: 22nd June 11
Wall Street – Too Big To Jail?
MSNBC host Cenk Uygur on New York attorney general Eric Schneiderman investigating Wall Street banks over potential mortgage fraud. Also, a set of confidential federal audits accuse large mortgage companies of defrauding taxpayers. Subscribe: bit.ly TYT Mobile: bit.ly On Facebook: www.facebook.com On Twitter: twitter.com www.theyoungturks.com FREE Movies(!): www.netflix.com Read Ana’s blog and subscribe at: www.examiner.com Read Cenk’s Blog: www.huffingtonpost.com
Republicans Request Details on Warren Role in Foreclosure Talks
U.S. House Republicans pressed the Treasury Department for details on Elizabeth Warren’s role in talks to settle federal and state claims that mortgage servicers improperly processed foreclosures.
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Source: BusinessWeek
Date Published: 20th June 11
Do you have to pay your mortgage if your house is destroyed?
The federal government has declared more than 30 official natural disaster areas so far in 2011, and it is only June. The latest area declared was in Joplin, Mo., after a category F5 tornado
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Source: Nasdaq
Date Published: 20th June 11
