A man with dual Irish and US citizenship was arraigned in Boston last week on federal fraud and identity-theft charges that could put him in prison for four decades after he spent six years trying and failing to convince Irish courts to let him stay in County Kildare. Read more.
Yes, it's another mortgage-scandal case. Rich Vetstein considers Bevilacqua v. Rodriguez, in which the Supreme Judicial Court heard arguments yesterday - on the heels of its decision on shoddy mortgage paperwork:
The Herald shows how the subprime crisis has hit home in Dorchester, focused on Hendry Street on Meeting House Hill.
Also see the Dorchester Reporter's Hendry Street report from this past September and its follow-up (from October) on foreclosures and triple deckers.
Some renters lose their heat after apartment foreclosures:
New mortgage-company landlords in some foreclosed Boston apartments haven't made needed repairs or paid for heating oil.
This Globe story makes the point when it comes to certain mortgage companies - they're not trying to be evil, but they wind up being that way anyway.
Chris Lovett provides an interesting look at sub-prime mortgages and explains why the president's plan for dealing with the mess will do little to help places such as Dorchester, with a look at the condos of 43 Whitfield St., just outside Codman Square:
Eeka has one (originally from Ameriquest, no less), and she's getting tired of lazy reporters blaring that everybody who has one is a no-account loser deceived by an evil loanshark:
... I was not coerced into buying a house I can't afford. I am in absolutely no danger of losing my home. I pay my mortgage on time every month without difficulty. I definitely did my homework regarding the different types of rates and am not going to encounter anything unexpected. I also am not a buyer with bad credit. ...
I used mortgage101.com to get referred to some mortgage lenders. They all totally sucked and I ended up going with E-LOAN. I just got some survey from them about my experience, and here's my response:
Your brokers completely suck. I experienced the following brokers:
A complete snob who said I didn't qualify for any sort of mortgage with my $60K income and 730 credit score and who didn't seem to think "licensed mental health counselor" was a real job.
Someone who gave me a preapproval for 300K at 5% after a brief phonecall and no credit check.
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