Federal prosecutors Joseph Traxler, formerly the chief financial officer and senior vice president of Centennial Mortgage and Funding, defrauded American Bank of St. Paul of about $8 million.
There are icy conditions across Minnesota
Charges state the man beat the victim with a metal cabinet and its drawers.
More than eight inches fell in parts of the Twin Cities.
A scary moment in Oakdale.
Aaron Le has been charged with 2nd-degree murder.
Some spots in the Twin Cities could see up to 8 inches of snow on Tuesday.
Ebony Miller was 24 years old.
First Time Guests Get BOGO milkshakes starting December 1st and running through December 15th
Charges state Sam Brinton stole luggage with its contents valued at over $2,000.
City planners are set to review a concept plan Thursday.
The latest from Bring Me The News meteorologist Sven Sundgaard.
The Minneapolis-based financial institutes vice chairman of payment services Pamela Joseph and executive vice president Leslie Godridge both ranked in this year's list compiled by American Banker magazine.
Warren Buffett's Berkshire Hathaway Inc. is eyeing a $374 billion mortgage-servicing portfolio of Residential Capital LLC. The bankrupt lending unit, a subsidiary of government-owned Ally Financial, filed for Chapter 11 protection in May. Dow Jones News Wires reports Minnesota-based ResCap already has a proposed agreement to sell the mortgage unit to NationStar Mortgage Holdings Inc. Berkshire says it will match the $2.4 billion bid, but offer a lower breakup fee.
The new case involving a Utah company joins a list of other mortgage fraud prosecutions Minnesota has pending. Commerce Commissioner Mike Rothman says the companies are exploiting homeowners in financial distress by promising services that they don't deliver.
A Chanhassen man has become the third person to plead guilty in a $20 million mortgage fraud scheme that involved 57 properties. Douglas Rex Butler faces up to 20 years in prison after pleading guilty to one count of fraud.
A woman from Savage was sentenced to 60 months in prison Friday for her role in a multi-million-dollar mortgage fraud scheme that victimized lenders across the country. Barbara Lynnae Puro, 49, was sentenced after pleading guilty in March to one count of conspiracy to commit wire fraud.
Joseph Meyer, 47, has pleaded guilty to a single count of mail fraud in connection with a mortgage scheme involving the Cloud 9 Sky Flats condo development in Minnetonka. He faces up to 20 years in prison. Nine people have been charged in the fraud scheme. A Minneapolis man is the only person who has not entered a plea.
5.4 percent of Minnesota mortgage holders were behind by at least one payment during the third quarter. That's almost a full percentage point lower than during the same period last year. It's also one of the lowest delinquency rates among the states.
You Can Get BMTN Special Offers!
