Falling behind? Inform your mortgage servicer - 2004-02-10
Don't allow fear to dominate your finances.

If you're delinquent in your mortgage payments -- or expect to be -- the best thing to do is to contact the mortgage servicer quickly.

"They should call right away rather than waiting for a late charge notice to come out," says Tom Drennan, executive vice president for mortgages at Astoria Federal Savings on Long Island.
Read the full story at Bankrate.com

Regulators want fraud probe at Met Mortgage - 2004-02-10
Federal and state regulators called Monday for an independent probe of Metropolitan Mortgage & Securities Co. to determine if the company has cheated thousands of investors.

The request from the U.S. Securities and Exchange Commission and the state Attorney General's office was filed in U.S. Bankruptcy Court in Spokane. The regulators also want to examine the books of Met Mortgage's sister company, Idaho-based Summit Securities, Inc.
Read the full story at The Daily News