Former Oregon resident facing federal fraud indictment - 2004-02-15
Federal agents say an offshore bank managed by a former Oregon resident was an elaborate scheme that cheated more than 4,000 investors in the United States and Canada out of $206 million.

Back then, the Oregon Department of Justice investigated him and his company, Hometown Mortgage Corp., for misrepresenting the amount of fees he was charging real estate clients.
Read the full story at AP via New Jersey Online

SSS puts in P30 billion of mortgage agency’s loans - 2004-02-15
Loans at the National Home Mortgage Finance Corp. have attained a total of P35.5 billion, helped by the boost in lending at the Social Security Systems and the Home Development Mutual Fund.

The nhmfc president, Angelico T. Salud, said that of the total loans, SSS contributed P30 billion, and hdmf P13.3 billion.

The loans will be restructured as part of the state-owned firm’s financial rehabilitation plan to whip its portfolio into shape.
Read the full story at Manila Times