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The Michigan Messenger going forward

By Staff Report | 11.16.11

I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]

Colorado-based abstinence program provided false and misleading information to Michigan students

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By Todd A. Heywood | 11.16.11

An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.

Class action lawsuit filed against MERS over unpaid taxes

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By Todd A. Heywood | 11.15.11

Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.

Schuette fights important mercury regulations

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By Eartha Jane Melzer | 11.14.11

Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.

FBI arrests 7 in Detroit mortgage fraud scheme; Mich. ranks 2nd in mortgage fraud

By Todd A. Heywood | 07.09.09 | 12:40 pm

Seven people have been arrested and charged with involvement in a mortgage fraud scheme, according to The Detroit News. Included among those arrested are two convicted murderers and a convicted sex offender.

The FBI alleges the three men were involved in a scheme to flip condos at Detroit’s luxury Harbortown condo project, which has defaulted with banks and backers. Under the scheme, the FBI alleges the men were straw buyers, meaning entire credit histories and incomes were created for the men to qualify for loans. The loans were for significantly more than the purchase price of the condos. In addition, once the straw buyers purchased the condos, they were flipped for a larger profit by selling them to another buyer.

The arrests come the same week the FBI released its annual report on mortgage fraud, showing Michigan ranks second in the nation, right after Nevada, in such schemes.

Michigan Messenger reported earlier this year that Michigan’s Office of Financial and Insurance Services has referred 15 cases of alleged mortgage fraud to the attorney general’s office. The office of Michigan Attorney General Mike Cox, a GOP gubernatorial candidate, has declined to comment on where those cases are in terms of prosecution, which has lead to leading Democrats calling on the AG to discuss the situation.

Comments

  • http://realestatecrusher.com/ real estate marketing

    Nice to know that they are arrested already…
    thanks for informing..

  • http://realestatecrusher.com/ real estate marketing

    Nice to know that they are arrested already…
    thanks for informing..