Friday, April 24, 2009

5 indicted on mortgage fraud charges - MSN MoneyCentral

Five Honolulu residents have been indicted for committing mortgage fraud. Welton Kalani, co-owner of Accel Mortgage; Bobby Wood, owner of Asian Pacific Funding; Stephen Balino, owner of New Horizons Financial Inc.; Audra Palomares, branch manager at ..., more 
and Editorial: Success stories in housing meltdown - Minneapolis Star Tribune  After losing his job and exhausting his unemployment benefits, a single Minnesota dad fell behind on his house payments. Without any income, he found mortgage counselors couldn't be much help, and the foreclosure process began. Within a couple of ..., more 
and Company Allegedly Scammed Foreclosure Victims - CBS 2 KCAL 9  As an increasing number of people face foreclosure more programs are cropping up that promise to rescue these homebuyers, for a hefty fee. CBS 2 News went undercover to expose a program that clients claim swindled them out of thousands of dollars ..., more 

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