Officials Falling Behind on Mortgage Fraud Cases
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Reports of suspected mortgage fraud have doubled since 2005, and government agencies say they cannot keep up.
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Rapid cooling of area real estate market compels superintendents, teachers to do more with less.
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There's a marketing blitz underway aimed at the homeowner in denial -- the one missing mortgage payments, dodging calls from the lender and hoping for the best.
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There are signs that some high-end real estate developers are being hit by a slowdown.
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The turmoil in the mortgage markets has incited a wave of legal tangles, as homeowners are suing lenders, lenders are suing banks, banks are suing loan specialists. And investors are suing everyone.
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WASHINGTON - Fraud is running rampant in the nation's mortgage industry, with nearly three times as many reports of suspicious activity so far this year compared with 2001, a top FBI official said Friday.   "It has the potential to be an epidemic," said Chris Swecker, FBI assistant director for criminal investigations...
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The housing slowdown has caused Americans to miss more payments on home loans, though more appear to be paying their credit card bills on time.
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The Home Office is falling behind its five-year target for reducing crime, a government report shows.
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New figures from major banks and building societies confirm that the UK housing market is slowing down. The Council of Mortgage Lenders and the Building Societies Association have both recorded a slowdown in mortgage lending.
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Complaints about potential mortgage fraud are up during the subprime mortgage crisis, and the FBI has opened criminal investigations of 14 companies related to sub-prime mortgage loans, the agency said Tuesday.
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The nation's largest banks are losing billions of dollars from the mortgage debacle. But will pain from bad housing bets be compounded by government investigations?
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NEW YORK/WASHINGTON  - The mortgage-backed securities market and Wall Street are becoming a roadblock for U.S. banks trying to dig out of the subprime mess.
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Troubles in mortgageland may get worse before they get better, especially for the so-called "subprime" borrowers whose spotty credit histories put them into more costly loans.
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The discount broker posts a loss as mortgage-related losses mount.
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The state attorney general's office yesterday stopped four mortgage and real estate companies from doing business, alleging they used deceptive practices such as preying on families about to lose their homes, falsifying income and asset information to lenders, and steering consumers toward homes they could not afford.
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Courts are starting to push back  against a U.S. government crackdown on corporate fraud as  prosecutors and regulators test the limits, legal experts say.
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The number of mortgages approved by banks fall for the fifth month in a row in October, figures show.