* Who really killed bankruptcy reform? (Emily.Flitter, American Banker)

The banking industry expressed grave fears over the mortgage cramdown legislation that failed in a Senate vote last week , but a post-mortem on the scene makes that anxiety seem a little overhyped. With so many different groups vying to kill the legislation, the vote last week was never a nail-biter.

* Empty neighborhoods fill Rust Belt (Dan Sewell, The Washington Examiner)

Painted murals spruce up a boarded-up building on Race St. in the Over-the-Rhine neighborhood of Cincinnati, Ohio, Thursday, April 9, 2009. The neighborhood, which took its name from early German immigrants, is highlighted by its 19th century Italianate architecture. Now, roughly two of every three homes there are vacant or used by squatters in some streches. (AP Photo/Al Behrman)

* Bankers Worry: Worst Is Yet To Come (David Wessel, Wall Street Journal)

New loans may be profitable, given how cheaply banks can borrow today. But many banks are still worrying about whether they ll get paid back on old loans.

* Town cracks down on tax delinquents (Bettina Thiel, Lewisboro Ledger)

The town is moving to pressure tax delinquents into paying up their tax debt in an effort to raise revenue.

* The other mortgage insurance (Scott Van Voorhis, Boston Globe)

Whenever I mention Private Mortgage Insurance (PMI), the insurance that covers the lender against your default, readers get confused. Where is the insurance that covers us, if we cant pay our mortgage? There are such programs for auto loans. Does such a thing exist for mortgage loans? Yes, Virginia, it does exist.

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A good piece of writing by Brent Kendall of the Barron’s.

The number of probes by the Federal Bureau of Investigation into corporate fraud and mortgage fraud is growing by the month.

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* In brief | (The Herald)

* Former Lawrence County treasurer pleads guilty (Eric Poole, Beaver County Times)

* Lloyds humbled by fall from grace (Edmund Conway, Telegraph)

* The Loss Generation (Jenn Abelson, Boston Globe)

* Fla. county wants to declare itself a disaster area

* Graham says Limbaugh doesn’t make Republican policy (Clark Brooks, Greenville News)

* TIM’S FIXER UPPER (Michael Gray, New York Post)

* Lehigh Township couple tells of refinancing nightmare (Morning Call)

* Steel town blues (Akron Beacon Journal)

* On the House: How about a mortgage buy-down? (Al Heavens, Philadelphia Inquirer)

* Agents seize contents of Phoenix bank box connected to huge mortgage-fraud case (Denny Walsh, Sacramento Bee)

* Euro zone GDP dips 1.5% (Reuters America)

* Foreclosures surge in reeling Illinois (Chicago Sun-Times)

* Former CFO initially believed in a financial turnaround for HomeGold (Greenville News)

* BofA, Chase, Citi all suspend foreclosures (Philadelphia Business Journal)

* Stocks lower as investors wait on Washington

* Laid-off lawyer in predicament she never imagined (Los Angeles Times)

* Woman who faked way into Harvard sentenced to four years in prison (Guardian Unlimited)

* Shaev Takes Fight to Washington (Market Wire)

* Village Homes, creditors ask bankruptcy court to block lenders foreclosure moves (Business Journal Charlotte)

* California mortgage fraud fugitive caught with $70,000 in shoes (Don Thompson)

* Fraud-case fugitive caught in Spain (Denny Walsh, Sacramento Bee)

* Obama foreclosure plan may not be enough

* Government takes action on several fronts to fight recession (David Espo-)

* Cincy cop fleeced widow (Dan Horn, Kentucky Enquirer)

* Sacramento fraud fugitive caught with $70,000 in shoes (Denny Walsh, Sacramento Bee)

* FBI investigating 530 corporate fraud cases (Newsweek)

* Federal regulator urges foreclosure halt

* Calif. fraud fugitive caught with $70,000 in shoes

* World stocks fall on skepticism over US bank plan (Jeremiah Marquez)

* Fraud lands Yao 5-year prison term (Esteban Parra, News Journal)

* Decline in borrowing continued in December (Martin Crutsinger)

* Calif. fugitive charged in $100M mortgage fraud (Don Thompson)

* New rules raise the bar for condo mortgages in Fla. (Jupiter Courier)

* Lagan: ‘Government run amok’ (Gatehouse Media, Milford Daily News)

* Bankrupt homeowners may have a new option (Kenneth Harney, Washington Post Writers Group)

* Obama to talk economics in struggling SW Florida (William Gibson, S. Florida Sun-Sentinel)

* Authorities Charge Group With Indoor Pot Growing Operation (WMUR)

* Agency consolidation criticized

* Steelworkers ‘waiting for axe to fall’ (Andrew Bounds, The Financial Times)

* Participants in area mortgage fraud scheme sentenced (Business Journal Charlotte)

A Columbus real estate speculator and three others were sentenced this week for their roles in mortgage fraud schemes that took more than $2.6 million from investors and banks.

* 4 sentenced in mortgage scam (Columbus Dispatch)

For several years, they worked together to defraud lenders of millions of dollars in a series of property-flipping schemes.

* Interest rates at record low (ITN Online)

Interest rates have fallen to an all-time low after being cut by 0.5 per cent to 1 per cent in a bid to boost the deteriorating UK economy.

* Economic news good enough to propel 30-year rate to 5.25

McLEAN, Va. Rates on 30-year-fixed mortgages climbed this week after recent economic reports were better than expected, Freddie Mac said Thursday.

* Stocks pare losses after manufacturing report (Madlen Read)

Wall Street pared its losses Monday after a better-than-expected reading on manufacturing eased some of the markets anxiety about the economy.

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