Two others charged in mortgage fraud scheme - 2006-02-13
Two South Mississippi residents have been charged with conspiracy linked to a mortgage fraud scheme. The charges were filed in U.S. District Court against Michael T. Cox of the Oak Grove area and Jacquelyn B. Mosley of Hattiesburg. Both claimed pleas of not guilty and are free on their own recognizance. Neither was indicted, frequently an indication that they are cooperating with federal authorities.
Read the full story at Hattiesburg American

Desperate loan customers bring out sharks - 2006-02-13
Leah Pyy admits she wasn't paying enough attention when she signed up for a second mortgage on her Bath home six years ago. Pyy wanted to draw on some of the equity in her home to take care of credit card debt and help get her family's finances in order. But she didn't realize that the terms of the loan - $31,500 for 20 years at 13.75 percent interest, plus closing costs that amounted to 15 percent of the total loan - weren't going to generate the needed relief.
Read the full story at MaineToday.com