Man receives 42 months in prison in mortgage fraud scheme - 2007-02-05
Edward Young was sent to prison for 42 months today in federal court for his participation in a multimillion-dollar mortgage fraud scheme. Young was among 10 people initially charged for their alleged roles in a scam located mainly in Madison County. Five were sentenced in December 2006. Assistant U.S. Attorney Cindy Eldridge declared Young was one of the appraisers in the scam.
Read the full story at Jackson Clarion Ledger

Refinance mortgage market, interest rates cut NASB profits - 2007-02-05
NASB Financial Inc. highlighted a “difficult refinance mortgage lending environment” and pressure on interest rate spreads this morning for a 12.2 percent decrease in fourth quarter earnings. Grandview-based NASB, parent of North American Savings Bank, declared it made $4.6 million, or 55 cents a share, down from $5.2 million, or 62 cents a share a year earlier. Assets at the end of December were $1.56 billion.
Read the full story at Kansas City Star