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Figure in mortgage fraud case pleads guilty - Boston Business Journal
A North Andover, Mass., woman who was an unindicted co-conspirator in what the government alleges was an extensive mortgage fraud scheme pleaded guilty Tuesday in federal court to four counts of wire fraud. Elizabeth Son, 26, was a “straw” buyer ...

Affordable Housing in Massachusetts Gets $10.2 Million Infusion - Yahoo Finance
Beverly, Boston, Dorchester, Framingham, Greenfield, Lawrence, And Watertown Initiatives Receive Funding For 390 Units BOSTON, Nov. 26 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded more than $10.2 million as grants, loans ...

Some residents live in fear of foreclosure - Register Citizen
Elizabeth Jamieson is a self-employed foreclosure inspector. Usually, an inspector visits 100 homes or so per month. Last month, Jamieson inspected 200 houses. “I am the first person who finds a vacant property. It’s an eerie sight,” she said ...

Big increase seen in area’s bankruptcies - Observer-Dispatch
Bankruptcies have been increasing sharply in the Mohawk Valley despite a 2005 amendment to a federal bankruptcy code made to curb the filings, according to court records. There were 56 percent more bankruptcy filings in Oneida County in 2008 — with ...

April 2008 - Times Union Blogs
The Capitol. The seat of state government. Where influential politicians craft laws and crafty lobbyists peddle influence. Where hopeful citizens try to get their voices heard. Get a look behind the scenes at New York politics and statewide campaigns ...

Chief reviews work of fire department - Watertown Daily Times
Watertown Fire Chief Henry Butts Monday talked about the current role of the city's fire department Monday during the seventh annual state of the community luncheon sponsored by the Watertown Area Chamber of Commerce. According to Butts, the ...

Amid meltdown, cities cut budgets - MSNBC
Nov. 15: From former AIG chair Hank Greenberg to one-time Bear Stearns leader James Cayne, artist Geoffrey Raymond has painted some of the country’s most notorious financial titans. But as NBC’s Peter Alexander reports, it’s what Raymond does ...

Deciding what to do with a parent's investments - Daily Territorial
Q: My mother, who I take care of, has her assets in an account with a broker I trust. Should I keep it all in there with the Wall Street crisis? It is diversified with stocks, bonds, and mutual funds. - J.M, via e-mail A: If your concern is the ...

Cappiello Concerned About Nation's Poor Saving Habits - TriVallyCentral
The candidate, a mortgage loan officer with Flagstar Bank in Danbury, said that people in the financial industry used to counsel people earning $100,000 a year to spend only up to 28 percent of their income on a home mortgage and only up to 38 ...

Amid meltdown, cities slash sports, health, cops - Lexington Herald-Leader
PHOENIX -- The palm trees in many Phoenix neighborhoods will be left shaggy this year. The city can afford to prune the trees only on major streets. There's also no money for children's tee ball, or soccer, baseball or flag football. No money for a ...

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Today's Mortgage Terms starting with R

  • Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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