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Former Detroit officer among those accused in mortgage scheme - Detroit News
DETROIT -- A former Detroit police officer and a city appraiser are among three defendants named in a $2.1 million mortgage fraud and real estate "flipping" indictment announced Friday by the U.S. Attorney's Office in Detroit. More than 35 Detroit ...

3 indicted in mortgage fraud - Detroit Free Press
A former Detroit cop and a City of Detroit property appraiser have been indicted in a $2.1-million mortgage fraud case, the U.S. Attorney's Office said Friday. It said former police officer Pierre Greene, 27, city appraiser Jacque Miller, 37, and ...

Guess What? The Man Who Shorted Subprime Is RICHER (Pt 2) - CNBC
Earlier I blogged about Jeff Greene, an investor who single-handedly shorted subprime through credit default swaps, turning himself into a billionaire. Check him out in this week's Forbes. He's made the list of the 400 richest Americans. Greene ...

Ex-DPD Cop Charged in Mortgage Scheme - WXYZ
DETROIT (AP) - A former Detroit police officer and a city tax assessor have been charged in a $2.1-million mortgage fraud scheme. Twenty-seven-year-old former police officer Pierre Greene and 37-year-old city appraiser Jacque Miller are charged in U ...

The Reluctant Billionaire - Forbes
Jeff Greene got rich investing in real estate and superrich betting against it. These days his contrarian instincts have him buying distressed assets and hoarding cash. If the rich are truly an eccentric bunch, newly minted Forbes 400 member Jeffrey ...

Dynamics of long-running mortgage crisis shift - Albany Business Journal
“I think there has been a retreat to safety, if you will,” said Robert Hayes, senior vice president of mortgage lending and market development for Wilber National Bank. Wilber National Bank expects to hire at least two mortgage originators each ...

This article is no longer available online for free - Detroit News
The story you're attempting to open is no longer available in our live online system. It may have been moved, or may have expired. Expired stories, those more than 60 days old, may be searched using our paid archive search system powered by NewsBank ...

Wells Fargo Grows in North Carolina, Acquires Assets of - MSN MoneyCentral
Wells Fargo Insurance Services, Inc. – America ’ s largest bank-owned insurance brokerage and a subsidiary of Wells Fargo & Company WFC – announced today that it has acquired the assets of Greensboro, North Carolina ’ s Professional Benefits ...

Mo voters oppose bailout, but want help for mortgage industry, poll ... - St. Louis Post-Dispatch
Missouri voters say they oppose a government bailout of major financial institutions, but they support key elements of the plan being hashed out in Washington. And a majority aren't sure which presidential candidate is better equipped to handle the ...

Some brokers specialize in eco-friendly features - Houston Chronicle
Houston real estate agent Stephanie Edwards-Musa has at least three different clients who are very specific about what they want in a house: a yard large enough for an organic garden; a location close to public transportation; and a property that's ...

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Today's Mortgage Terms starting with E

  • Equity: The difference between the current market value of a property and the total debt outstanding against the property.
  • Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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