You go Washington Mutual, people will find out how you really are. What we really hope is that the government jumps back in and starts to regulate the whole banking industry. With companies like Washington Mutual, it looks like the worse of two evils is to rely on some sort of government regulation!
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· In Florida, house prices could fall 64% in such a scenario, while nationwide prices could drop 37%, the bank said. J.P. Morgan also immediately wrote down the value of WaMu’s assets by more than $30 billion, mainly because the giant bank expects losses on the thrift’s mortgage holdings to be higher than previous expectations.
WINTER HAVEN – A Winter haven man faces up to 30 years in prison after pleading guilty in federal court to making false statements in a mortgage loan application, according to the U.S. Attorney.
Stevie McDonald, 41, Winter Haven, Florida has pleaded guilty to making false statements in a mortgage loan application.He faces a maximum penalty of 30 years in federal prison. A sentencing date has not yet been set. According to court documents, on November 10, 2007, McDonald entered into a contract to purchase a home in Port Richey, Florida.
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Deaver was found guilty of three counts of lying under oath and would soon face the possibility of serving 15 years in prison. Bush in the Florida election fight, the firm figured to be a major.
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Jason Anthony Martinez, 38, Tampa, Florida has been sentenced to an additional three months’ imprisonment for a total of 27 months’ imprisonment for lying to the U.S. Attorney’s Office’s Financial Litigation Unit and U.S. Probation to avoid his restitution obligation in a mortgage-related fraud case.