Mortgage Giants Said to Do Little for Buyers - 2005-01-14
Perceived U.S. government support for Fannie Mae and Freddie Mac is worth billions to shareholders but does little to lower mortgage rates for home buyers, Federal Reserve studies said Thursday.

The suggestion that the government-sponsored enterprises fall short in their principal task of promoting homeownership comes as Congress considers toughening oversight after accounting scandals at Fannie Mae and Freddie Mac.
Read the full story at Los Angeles Times

Feds Charge Four Jacksonville Men With Mortgage Fraud - 2005-01-14
Four men and 10 companies indicted on federal charges of mortgage fraud were arrested Friday morning, U.S. Attorney Paul Perez revealed.

Patrick M. Singletary, 39, Robert D. Singletary, 37, Peter J. Russo, 52, and Clifford R. Shaw, 38, all residents of Jacksonville were to make their first appearance before U.S. Magistrate Judge Howard T. Snyder on 23 felony counts, including conspiracy, bank fraud, and money laundering charges.
Read the full story at News4Jax.com