Mortgage forgery charges pending against developer - 2004-04-03
Formal charges of second-degree forgery will be launched soon against a Benton developer, Saline County Prosecuting Attorney Robert Herzfeld said late Monday.

According to allegations contained in an affidavit attached to the arrest warrant, Robertson forged computerized signatures and altered appraisals to obtain mortgages on houses that did not exist.
Read the full story at Benton Courier

Winona in midst of housing boom - 2004-04-03
Residential real estate is one area where business has been booming in Winona. No talk of recession there.

Wildenborg outlines the economics of two typical house purchases with current interest rates. For a $220,000 house, assuming a down payment of 10 percent on a 30-year mortgage financed at 5.36 percent, the monthly payment would be $1,200. The same terms on a $95,000 house would result in a $500 per month payment, she said.
Read the full story at Winona Daily News