Thursday, February 23, 2006

Attorneys blast communications fraud (Mortgage Refinance) law

Attorneys blast communications fraud law
Is a lie truly a crime, and are lies protected speech under the Constitution?

Bernanke seen hiking rates to 5 pct, bet premature
Strong data and past experience with incoming Federal Reserve chairmen has convinced investors the U.S. central bank will lift interest rates to 5 percent by July, but that bet looks premature.

FTC Continues Campaign to Stop Fraud in the Spanish Language
False promises of a pre-approved, guaranteed MasterCard for a fee have been halted by a U.S. District Court at the request of the Federal Trade Commission.

Lenders settle deceptive ads allegations
Five lenders have reached agreements with the state to resolve allegations they used deceptive advertising to target Orlando-area Hispanics for mortgage refinancing and other home loans. The Florida Attorney General's Office said the companies, without admitting guilt, have agreed to abide by state and federal laws and will donate $1,500 each to the state's Hurricane Relief Fund. The companies

Impac Mortgage Holdings, Inc. Reports Net Earnings of $270.3 Million for 2005 Compared to $257.6 Million for 2004
NEWPORT BEACH, Calif., Feb. 21 /PRNewswire-FirstCall/ -- Impac Mortgage Holdings, ( Nachrichten ) Inc. ("IMH", "Impac" or "the Company"), a real estate investment trust ("REIT"), today reported net earnings of $270.3 million or $3.35 per diluted common share for 2005, as compared to $257.6 million, or $3.72 per diluted common share for 2004.


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