Monthly Archives: June 2011

Credit Card Skimmers Still in Business

A credit card skimmer was discovered on an ATM machine at a Sparks bank. The customers complained when they did not get their receipts. This is a reminder that the bad guys are still hanging around.  Use this knowledge to … Continue reading

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Fraudulent Senate Candidate Fighting Foreclosure

Fraudulent U.S. Senate candidate Jon Scott Ashjian sued two lenders and a law firm, charging they’ve been wrongfully trying to foreclose on his Las Vegas home. An attorney for Ashjian and his wife Bonnie Ashjian filed suit this month against … Continue reading

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Two Courts Rule Differently on MERS

No matter which side you are on, MERS remains a controversial issue.  Many expect the problem to ultimately be decided in the courts. A New York appellate court ruled last week that a Reston-based company that electronically tracks and transfers … Continue reading

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How Deep is the Housing Depression

For a gloomy analysis of the housing market this IBD editorial will not make you happy.  The collapse of residential real estate prices just officially exceeded the scale of the Great Depression’s housing crisis. Using mortgages as a welfare program … Continue reading

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QRM Would Mandate 20% Downpayment

A proposal to federal regulators involving new regulations governing qualified residential mortgages that would mandate a 20 percent down payment for consumers wishing to qualify for a conventional, non-government- backed residential mortgage, has prompted action among the real estate industry. … Continue reading

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Economy Slowed by High Unemployment and High Food Prices

Jobs are scarce and food prices are likely to stay high through next year, according to new data that reinforced evidence of a U.S. economy stuck in a weak patch. And: The second straight month of record exports helped Wall … Continue reading

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Deputies Seize Bank property for Homeowner

We’ve all seen enough stories about banks foreclosing on poor, hapless homeowners.  We have also seen a lot of stories about how badly Bank of America treats it’s customers. Here is a story that should gladden your heart. Bank of … Continue reading

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