A former loan officer at First Security Trust & Savings Bank admitted that he manually modified mortgage loans without his employer’s knowledge. His actions ended up costing the Illinois bank more than $5 million. He was sentenced to 63 months in prison. View full post on All Stories
Posts Tagged ‘mortgage loans’
5-Year Sentence for Bank LO Who Modified Loans
Posted by davidguide on December 8th, 2010
Posted in subprime Lending 
Tags: 5 million, 5Year, amp, Bank, employer, first security, Illinois, illinois bank, knowledge, Loan, loan officer, Loans, Modified, Mortgage, mortgage loans, Officer, Savings, savings bank, security, security trust, sentence, Trust 
Comments OffRocky Brands Receives Commitment for New Credit Facility
Posted by davidguide on September 24th, 2010
NELSONVILLE, Ohio–(BUSINESS WIRE)–Rocky Brands, Inc. (Nasdaq: RCKY) today announced it has received a financing commitment, subject to customary closing conditions, from PNC Bank for a revolving credit facility totaling $70 million. The new credit facility will replace the Company’s existing revolving credit facility, the remaining balance of approximately $11 million under term loans, and the [...]
Posted in subprime Lending Tags: balance, Brands, brands inc, Business, business wire, Commitment, Credit, facility, mortgage loans, nasdaq, NELSONVILLE, nelsonville ohio, ohio business, Ohio-, pnc bank, rcky, Receives, revolving credit facility, Rocky, term, term loans, wire Comments OffPersonal Loans to Get Rid of Financial Mess
Posted by davidguide on May 5th, 2010
If a loan is applied for and used for personal purposes, it is referred to as a personal loan. It is a type of debt that is taken for family, household or personal uses. It is different from mortgage loans and business loans. The lender provides money to the borrowers as loans and the borrower [...]
Posted in Finance News Tags: amount, bad credit history, Borrower, Collateral, Credit, Debt, family household, Financial, holiday expenses, Interest, lender, Loan, Loans, Mess, mortgage loans, payment, Personal, personal necessities, repayment ability, secured personal loans, surprise gift, type, unsecured personal loan, unsecured personal loans Comments OffBad Credit Loan – Let’s Cut Through the Hype!
Posted by Jim Eastman on February 25th, 2010
Do you need a loan but have bad credit? There are some things you need to know before you continue your search.
Posted in Bad Credit Loan Tips Tags: bad credit history, Bad Credit Loan Tips, bad credit loans, car, Credit, fact, first time home buyer, History, home, home improvement loan, house, Interest, lender, Loan, loan loans, loans for people with bad credit, mortgage loans, overabundance, rate, time home buyer Comments Off
