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.
Watch: Gophers troll Badgers with 'Jump Around' after Saturday's win
First they took Paul Bunyan's Axe. Then they took their tradition.
5 teams win first state championships at Prep Bowl
A pair of records fell as the Prep Bowl lived up to the hype.
Remains of missing WI mom found in Pine County, MN
Ashley Miller-Carlson was 33 years old.
Driver suffers severe burns in Golden Valley car crash
The cause of the crash is not yet clear.
D'Lo's late takeover helps Timberwolves win double-OT thriller
Russell caught fire to help the Timberwolves get back to .500.
Gophers suffocate Badgers, reclaim Paul Bunyan's Axe
Minnesota picked up its first home win over the Badgers since 2003.
Boy, 6, run over after falling off trailer in Meeker Co. tree farm accident
He was airlifted to Hennepin County Medical Center with internal injuries.
Target unveils deals for 2-day 'Cyber Monday' event
The promotion kicks off Sunday, November 28.
Edina police warn of recent burglary trend targeting garages and vehicles
The Edina Police Department is increasing patrols in affected neighborhoods in response to the trend.
Paynesville man dies 6 months after being electrocuted in tree-cutting accident
Brad Kneisl was 31 years old.
Two U.S. Bank execs named some of the most powerful women in banking
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.
Berkshire offers to buy Bloomington-based ResCap mortgages
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.
State files charges against Utah mortgage adjustment company
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.
Twin Cities man pleads guilty in $20M mortgage fraud scheme
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.
Minnesota woman gets 60 months in prison for role in mortgage fraud scheme
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.
Eagan man enters guilty plea in $14M mortgage 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.
Fewer Minnesotans delinquent on their mortgages
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!