A former loan broker has been ordered to spend five years in a Maine prison and pay restitution of $358,000 for running a scheme that duped investors out of their money.

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Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble.

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Tolleson warns of loan-modification scams and offers information on free help.

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This payday loan outlet in Shadle Center is one of six Advance America Cash Advance Centers Inc. stores still operating here. —Staff photo by Mike McLean

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WASHINGTON, July 29 (UPI) -- Average interest rates for long-term mortgages slid to record lows for the sixth consecutive week, the U.S. Federal Home Loan Mortgage Corp. said Thursday. Mortgage - United States - Loan - Business - Financial Services

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A roundup of the latest syndicated loan market news.

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National Forensic Loan Audit Experts, real estate loan audit / finance experts, featured in The Wall Street Journal as one of America's PremierExperts™, in recognition of being leading experts in the mortgage violation audit industry. National Forensic Loan Auditors, considered nationwide premier audit firm will now be offering their services to the public.

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An update in our ongoing investigation into loan modifications and an error by Bank of America that left a Cape Coral woman homeless. After we ran that story a second woman came forward to say Bank of America made the same mistake with her.

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The Federal Home Loan Bank of Cincinnati reported a 45 percent drop in its second quarter profit to $41 million.

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Manchester City striker Robinho will not be staying at Brazilian outfit Santos, after his club refused to allow his loan deal to be extended. City are keen to offload the Brazilian, but want to recoup as much of the £32.5million they paid for him as they can - ruling out any potential loan deals.

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