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Minnesota Mortgage and Bank News
Prieskorn gets six years for mortgage fraud scheme
Michael Prieskorn, who was behind one of the largest mortgage schemes to be prosecuted in Minnesota in the wake of the housing bubble collapse, was sentenced this week to six years in prison.
Fri, 11 May 2012 16:17:10 -0700.
Eagan man charged in mortgage fraud
An Eagan man has been charged in a $3 million mortgage fraud scam.
Fri, 20 Apr 2012 16:21:34 -0700.
Drought breaks for nearly all of Minnesota
The drought is officially over for nearly all of Minnesota.
Thu, 10 May 2012 07:32:35 -0700.
US 30-year mortgage rate falls to record 3.79 pct.
Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.
Thu, 17 May 2012 12:59:30 -0700.
St. Paul joins Yellow Ribbon Network
St. Paul's military commitment stands out statewide. St. Paul has more residents serving in the National Guard than any other Minnesota city. More troops from St. Paul have died in Iraq and Afghanistan than from anywhere else in the state.
Tue, 15 May 2012 15:52:19 -0700.
Mortgage-Bond Transparency Plan Meets Resistance From Traders
The Financial Industry Regulatory Authority?s latest plan to increase transparency in a corner of the $6.5 trillion mortgage-bond market is meeting resistance from Wall Street?s largest lobbying group.
Thu, 17 May 2012 08:30:13 -0700.
April foreclosures a mixed bag
In Minnesota they edged up but across the U.S. fell 15 percent from last year.
Thu, 17 May 2012 18:07:17 -0700.
Recommendations from the housing study of Coon Rapids
The city of Coon Rapids has participated in a housing initiative program offered by the Urban Land Institute (ULI) Minnesota and the Regional Council of Mayors (RCM).
Sat, 19 May 2012 05:18:19 -0700.
Title agent faces up to 90 years in prison
An owner of a mortgage title company with offices in Homestead and Key Largo is facing up to 90 years in prison for allegedly stealing money from one of her client's escrow accounts.
Wed, 16 May 2012 07:11:15 -0700.
Business teacher's boss sticks up for him in fraud sentencing; he's fired anyway
Accountant who had taught about fraud sentenced for his role in bogus mortgage deals.
Wed, 25 Apr 2012 06:36:18 -0700.