Two years in prison for mortgage fraud - 2007-02-22
Troy S. Clements, former operator of the Springdale mortgage firm American Funding, was sentenced Wednesday by Chief U.S. District Judge Sandra Beckwith to 24 months in prison for his part in scamming mortgage lenders out of $2.3 million. He admitted to charges of bank fraud and money laundering last September as part of a continuing federal mortgage fraud investigation.
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Will The Housing Bubble Burst in 2007? - 2007-02-22
Since early 2000, economists have been sounding the housing bubble alarm with greater urgency. And while many markets around the country have seen prices go down in the last year, the dire, across-the-board correction that many predicted has yet to surface. There are several factors that could cause a real estate bubble to pop, but the most important factor, one that is sometimes overlooked, is buyer and seller sentiment.
Read the full story at TIME