Several lawsuits have been filed against mass e-mail senders -- who promote products that include mortgage loans -- by four of the major online services, alleging violations of CAN-SPAM, the Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003.The plaintiffs are America Online Inc., EarthLink Inc., Microsoft Corp. (the parent company of MSN), and Yahoo Inc. The AOL complaint against "John Does 1 through 40" cites the transmission of messages to AOL members that allegedly sell a variety of products, including mortgages. The EarthLink complaint groups together John Does 26 through 35 as the "Mortgage Lead Spammers." The Yahoo complaint against a group it calls the "Head Operation," after defendants Eric Head, Matthew Head, and Barry Head, alleges that the group sent 94 million e-mail messages to Yahoo Mail users. The spam included mortgage solicitations.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









