Wednesday, July 30, 2008

Bank reo - Architect of intown mortgage fraud cites 'lofty visions' - Atlanta Journal Constitution

Architect of intown mortgage fraud cites 'lofty visions' - Atlanta Journal Constitution
Mortgage lender Harry Forster hoisted his teenage son so he could peer in the one window that wasn't boarded up. "I don't see anything, Dad," the son said. What happens: Mortgage fraud perpetrators use false documents, straw buyers and dishonest

UPDATE 1-Egypt's CIB gets U.S. loan for mortgage finance - Reuters
CAIRO, July 28 (Reuters) - Egypt's Commercial International Bank (CIB) COMI.CA(COMIq.L: Quote , Profile , Research , Stock Buzz ) said on Monday it had received a 1.3 billion Egyptian pounds ($245 million) loan from the U.S. government to expand low

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