Cash for Keys: Paying Delinquent Borrowers to Vacate Homes; MLO Compensation in Australia; FBI Joins MBA to Fight Mortgage Fraud

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Overheard at work: "AT&T to wed T-Mobile. Following the ceremony, there will be no reception." Hopefully there is reception in rural areas - like Detroit. The Census Bureau has also been releasing the 2010 population counts for various states, including Michigan. Columbus and Indianapolis's populations rose. Nearby Chicago's population declined by almost 7% and Cleveland's dropped by about 17%. But Detroit lost a quarter of its population over the last ten years . 25%! Detroit now has the same population that it had in 1910, before the auto industry boom. "Now's not the time to look in the rear view mirror," said Robert Ficano, the Executive for Wayne County, home of Detroit. I think that I will frame that quote . In addition, the U.S. Census Bureau reports that state government tax collections...(read more)

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