Sacramento Mortgage News

Flaming Corpse Found In Calif. Trash Can (WJXT Jacksonville)
BERKELEY, Calif. -- The flaming body of a man was discovered Tuesday morning in a trash can at a park in Berkeley, East Bay Park police said. Two motorists from Sacramento told TV station KTVU they heard an explosion while driving on Interstate 80 and decided to pull over and investigate.

Guilty plea in $11 million Sacramento mortgage fraud (The Sacramento Bee)
A Sacramento man has pleaded guilty to orchestrating a mortgage fraud scheme involving $11 million worth of property. Derek Davis, 62, also known as Terry McCullough, admitted his involvement in the scheme at a hearing last week in U.S. District Court, according to federal prosecutors. Charges are still pending against his alleged accomplice, Dino Rosetti. The two were indicted in October ...

Experts debate role of housing in Sacramento economy's recovery (The Sacramento Bee)
Randy Burford helps build the frame of a prefabricated modular home ealier this month at the Details warehouse in North Highlands. Some experts think the construction and housing markets, which have been at the heart of the economic downturn, are poised to spur a recovery. First of four parts Six months ago, with the economy on the skids, Mark Wintz and Bruce Evans made an ...

Guilty plea in $11 million Sacramento mortgage fraud (The Sacramento Bee)
A Sacramento man has pleaded guilty to orchestrating a mortgage fraud scheme involving $11 million worth of property. Derek Davis, 62, also known as Terry McCullough, admitted his involvement in the scheme at a hearing last week in U.S. District Court, according to federal prosecutors. Charges are still pending against his alleged accomplice, Dino Rosetti. The two were indicted in ...

Nonprofit news roundup for Dec. 30, 2008 (Philanthropy Journal)
A nonprofit set up by Congress to help veterans launch their own businesses is drawing fire in the Senate for lavish spending, The New York Times reported Dec. 29 (see spending story ). The National Veterans Business Development Corporation, which has received $17 million from the federal government since 2001, has spent a yearly average of only 15 percent of that amount to fund operations.

Bad timing? Many people started businesses in 2008 (The Times of Northwest Indiana)
NEW YORK | The economy didn't look that bad when Laura and Roger Bickford opened their medical clinic back in July.

Economic crisis tests owners' skills (The Morning Call)
Most who opened businesses in 2008 didn't plan on such tough times. The economy didn't look that bad when Laura and Roger Bickford opened their medical clinic in July.

Housing markets may roar back in 2009 (Victorville Daily Press)
SACRAMENTO • The nation’s foreclosure hemorrhage has finally slowed and 2009 should see a significant decline in foreclosures as buyers return, pushing home prices up and fueling a real estate recovery, according to the 2009 Outlook from ForeclosureS.com, the leading real estate and property information and education specialists.