Financial News Headlines

Mortgage broker and a developer charged in straw buyer scheme

February 12th, 2010

In the following press release Joseph P. Russoniello, United States Attorney for the Northern District of California accounced that a federal grand jury in San Francisco indicted Michael Ohayon and David Papera with conspiracy to commit bank fraud, bank fraud, and money laundering.

According to the indictment, Ohayon, 41, and Papera, 47, are alleged to have recruited thirteen straw buyers who used their good credit scores to obtain more than $19.6 million in fraudulent residential mortgage loans from Washington Mutual Bank, with no intention of making either down payments or mortgage payments on the properties.

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On-Site Search Engine Optimization Tips

February 10th, 2010

One of the very first steps you have to take in order to optimize a website for search engines is on-site search engine optimization. When most people think of SEO, things like link-building, social bookmarking, and blog commenting come to mind, but they forget that one of the most integral components of a successful SEO campaign is on-site optimization. On-site optimization consists of taking steps to ensure that your website can be crawled and indexed properly by the search engines. HTML tags, keywords, internal links, and site structure all play an important role in on-site SEO.

To make it easier for search engines to crawl your website, create a sitemap that outlines and organizes the various pages of your website. Read more…

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Elderly women suffer most with car insurance costs

February 9th, 2010

According to a recent report the demographic group that suffers most when it comes to the cost of car insurance is elderly women. Data from the insurance industry, which was recently released, has shown that from an insurance point of view elderly women are considered more dangerous behind the wheel than young men, and the higher risk is reflected in the cost of premiums charged to older female drivers.

Figures have suggested that after retirement elderly women who continue to drive could face premiums that are more than double the standard amount because of the risk based calculations that insurance companies use.

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Milton (MA) man charged in ID theft/mortgage fraud allegations

February 9th, 2010

In the following press release it was annouced that a Milton man was charged Tuesday in federal court with defrauding mortgage lenders and committing identity fraud as part of a mortgage fraud scheme.

United States Attorney Carmen M. Ortiz and Steven Ricciardi, Special Agent in Charge of the United States Secret Service in Massachusetts, made the announcement naming Augustus C. Okoye, age 47, of 278 Brush Hill Road, Milton, who is charged in an Information with three counts of wire fraud and one count of identity fraud.

The Information alleges that in November 2006, OKOYE used his brother’s name, social security number, and date of birth to obtain mortgage loans for the purchase of three properties in and around the Boston area. I

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Even Super Bowl Champions know how important your credit score is

February 9th, 2010

He may have just been crowned as a Super Bowl champion and MPV, but New Orleans Saints’ Quarterback Drew Brees knows there are important lessons to be learned off the field about protecting your credit score.

Brees led the Saints to a 31-17 win over the Indianapolis Colts in Miami on February 7. Winning a Super Bowl ring may have been the biggest day in his sporting life, but Brees has teamed with Visa over the past four years to teach students about financial literacy. Taking Visa’s NFL-themed Financial Football interactive game into the classroom has made an impact teaching students important financial lessons.

Brees told ESPN Gamer Blog he wishes Financial Football had been available when he was growing up. He

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Job seekers aided by ‘employee referral’ programs

February 8th, 2010

SAN FRANCISCO (MarketWatch) — With job openings few and far between, it’s more important than ever that job seekers’ strategy is on target — and networking should be the basis of that strategy.

Rather than sitting in front of a computer, searching online postings and blindly sending out dozens or hundreds of résumés, job hunters have a better chance of success through networking. The old adage, “It’s not what you know, but who you know” is more accurate than ever.

Personal Finance Minute

Job hunters, take note: As U.S. companies gear up to hire employees, your resume is your calling card. Follow MarketWatch’s Andrea Coombes as she walks you through the five most important tips to sharpening your resume. <

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