Regional Headlines
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Seven indicted in Detroit for two seperate allegatio...
Yesterday | via Mortgage Fraud News
In the following press release Terrence Berg, United States Attorney for the Eastern District of Michigan, announced today the unsealing of felony criminal complaints in two separate mortgage fraud investigations. Comment?
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First-time homebuyer credit results mixed
Yesterday | via Flint Township/Swartz Creek Advance
Even as some residential Realtor associations are attributing good numbers in recent months to the first-time homebuyer tax credit, most are still pushing to extend its availability and increase its amount. Comment?
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Tuesday Jul 7 | via LivingstonDaily
As the stream of unemployed residents continues to pour into the Livingston County Michigan Works! offices, Director Bill Sleight said it's becoming obvious that stress levels are on the rise for both staff and clients. Comment?
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New law delays Mich. home foreclosures by 90 days
Monday Jul 6 | via WWMT-TV Kalamazoo
A new law gives Michigan homeowners facing foreclosure a 90-day window to stay in their house and potentially work out a resolution with their lender. Comment?
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Michigan revives plan to refund 20% of mortgage inte...
Monday Jul 6 | via Flint Township/Swartz Creek Advance
The revival of an old program geared toward helping first-time homebuyers or those buying in targeted communities could save new homeowners thousands of dollars. Comment?
National Headlines
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Obama proposes investor protections in wake of Madof...
4 min ago | via Myrtle Beach Online
Fresh on the heels of new proposals to regulate mortgages and other consumer credit products, the Obama administration on Friday sent Congress proposed legislation designed to head off another Bernard Madoff-style fraud. Comment?
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Alberta family's balancing act
8 min ago | via The Globe and Mail
Andrew Allentuck Last updated on Friday, Jul. 10, 2009 06:30PM EDT I n Alberta, a couple we'll call Morris and Frances are each 41. Comment?
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Soap Box: Debt is no respecter of class or profession
57 min ago | via Scotsman.com Business - Business
ONE fundamental truth behind Scotland's growing personal debt crisis is that money problems on a large scale are no respecter of occupation or income; no-one is immune. Comment?
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Red light spells danger as FSA unveils flawed warnin...
57 min ago | via Scotsman.com Business - Business
AS A reward for being sufficiently enlightened to find your way to Smart Money, I have a joke for you: What do a packet of sausages and a mortgage have in common? Answer: they will soon both have a label to indicate how risky they are. Comment?
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U.S. foreclosures down 11 percent according to index
10 min ago | via Las Vegas Review Journal
Maybe it's the moratorium, maybe it's the government bailout. Perhaps President Obama's loan modification program is starting to take hold. Comment?

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