The following announcement just popped into my email inbox, courtesy of the state bar association:
The S.C. Department of Consumer Affairs along with the S.C. Attorney General’s Office announced a new mortgage hotline on Monday. The hotline is expected to reduce mortgage fraud of all types. Anyone who suspects mortgage fraud or simply wants more information […]

Richard Bitner has written a book about his experiences as a subprime lender, and he’s making the rounds now talking about that book, and those experiences, as evidenced by a Newsweek article (”Confessions of a Subprime Broker“). Bitner’s portrayed as a do-gooder, who wanted to help the less fortunate achieve the dream of homeownership but […]

CNN reports that the Wall Street Journal is confirming that the “troubled” home lender Countrywide is now under FBI investigation for its lending practices:
The mortgage company is suspected of widespread fraud, the paper said, which may have contributed to the subprime mortgage crisis that has rocked the U.S. economy.
The probe will examine underwriting and mortgage […]