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PinnFund Figure Tells His Version of Alleged $330 Million Mortgage Fraud

Mortgage News

Home Equity Delinquencies Holding Firm
Moody’s Index & HEAT Index indicate home equity pool performance withstanding slowing economy
MortgageDaily.com June 29


Canceled Policy
CitiFinancial to stop selling Single Premium Life
MortgageDaily.com June 29


Manufactured Housing Captures New Residents
A current look at the industry
RealtyTimes.com June 27


Equity loans and the new tax law
Under new alternative minimum tax, home-equity loans used for purposes other than home improvements generally don’t qualify for the mortgage deduction
ChicagoTribune.com June 24


Getting A Loan After Bankruptcy
The difference to lenders between chapter 7 and chapter 13
RealtyTimes.com June 22


ACORN Says Lender Exploits D.C. Clients
Household accused of gouging Washington D.C. customers by requiring excessive fees and charging higher interest rates than are justified by clients’ credit history.
WashingtonPost.com June 21


H&R Block Reports Record Full-Year Revenues and Earnings
Option One and H&R Block Mortgage originated $6.5 billion in loans during fiscal 2001, an increase of 14.7 percent over last year
Yahoo.com June 20


The Ups And Downs Of Reverse Mortgages
The basics of reverse mortgage loans
CNNfn.com June 11


Household in activists’ sights
Acorn said it plans to file complaints against Household in several states
ChicagoTribune.com June 10


Which is worse: No loan, or one with high rates?
A look at some of the factors involved in deciding whether to take a subprime loan
ChicagoTribune.com June 10


Retiring on a Reverse Plan
Mortgage Option Gaining in Favor as Population Ages
WashingtonPost.com June 9


Nonconforming Australia Mortgages Perform
Exceptionally Well
Subprime, High-LTV and commercial property loans cited by S&P
MortgageDaily.com June 6


To the rescue
New owners of Superior Bank FSB intend to reexamine whether to continue subprime mortgage loans
Yahoo.com May 26


At Any Rate
Recent subprime mortgage industry ratings actions
MortgageDaily.com May 25


$100 Million In Missing Assets Sought In Pinnfund Scam
Investors Hold Little Hope Of Seeing Money
TheSanDiegoChannel.com May 22


Former PinnFund CEO Planned To Escape To Caribbean On
$1 million Yacht
Estranged wife obtained injunction preventing yacht from sailing
MortgageDaily.com May 14


Group Protests Against Lender
About 35 protesters from Association of Community Organizations for Reform Now (ACORN) were met by armed guards and rooftop security agents as they demonstrated outside Household International’s annual shareholders’ meeting in Tampa
Yahoo.com May 8


D.C. Housing Group Calls for Moratorium on Foreclosures
First Government Mortgage & Investors Corp. made predatory loans and is now in bankruptcy proceedings
WashingtonPost.com May 2


Delta To Be Delisted From NYSE
Shares trading at 25 cents
MortgageDaily.com April 27


New Century Takes Total Loss On LoanTrader Investment
$1.1 million charge taken in first quarter
MortgageDaily.com April 26


PinnFund Figure Tells His Version of Alleged $330 Million Mortgage Fraud
SEC contends alleged coconspirator — James Hillman — came across enough warning signs over the years that he should have known what was going on
Yahoo.com April 20


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