U.S. Mortgage’s Hayden Pleads Guilty to Loan Fraud (Update2)
May 13 (Bloomberg) — The former service manager of bankrupt U.S. Mortgage Corp. pleaded guilty to conspiring to sell mortgage loans fraudulently in a scheme that cost credit unions and Fannie Mae at least 6 million.
Read more on Bloomberg
Mortgage Ripoffs and Money Savers: An Industry Insider Explains How to Save Thousands on Your Mortgage or Re-Finance
Carolyn Warren better get a bodyguard. Her new tell-all on the mortgage industry exposes so many of the lending industry’s favorite frauds, every loan officer from Seattle to Miami is going to be gunning for her! Mortgage Rip-Offs and Money Savers is like a map that guides you around the carefully camouflaged landmines laid by lenders. And it gives you simple, step-by-step directions for saving tens of thousands of dollars. If you’re looking for ways to save a king’s ransom on your mortgage and monthly payments, you simply must read this book. — Clayton Makepeace, founder and president, The Profit Center Topics include:
* Why calling around for the best interest rate is a BAD idea (and what to do instead).
* How to force lenders to disclose their hidden fees.
* The Dirty Dozen: Junk fees You should not pay.
* How to get the lowest possible rate.
* Uncover the best-kept secret of the mortgage industry.
* Avoid the five most common unpleasant clo
Rating: 
(out of 85 reviews)
List Price: $ 17.95
Price: $ 9.66
S&P Cuts to Junk Mortgage Bonds It Rated AAA in 2009 (Update1)
May 14 (Bloomberg) — Standard & Poor’s cut to junk the ratings on certain securities, backed by U.S. mortgage bonds, that it granted AAA grades when they were created last year by Credit Suisse Group, Jefferies Group Inc. and Royal Bank of Scotland Group Plc.
Read more on Bloomberg
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