georgia man sentenced in mortgage fraud schemea georgia man who headed a multimillion-dollar mortgage fraud by getting inflated loans for dilapidated homes he claimed to be renovated and rented was sentenced tuesday to eight years and four months in federal prison.lehman said to try mortgage fire-sale of its ownaprès merrill lynch , le déluge — of other investment banks trying to dump their toxic mortgage assets anyway, it seems. after merrill sold off a huge swath of mortgage bundles for 22 cents on the dollar, lehman brothers is trying to follow suit, according to the new york post. the troubled investment bank is in talks with potential buyers about selling about $30 billion in commercial mortg...mortgage woes: worst may be yet to comethe imf warns the world to look out. it says the financial crisis that began in the us mortgage market is spreading deeper into other countries and other forms of debt - and countries that rely on foreign borrowing are vulnerable.us presses plan with banks to offer new mortgage bondsthe treasury and major us banks endorsed plans monday to help pump additional liquidity into the strained housing market by issuing "covered bonds," or flexible mortgage-backed securities. |
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