Mo. case shows it's hard stopping al-Qaida money

KANSAS CITY, Mo. — Within two years of taking his oath of U.S. citizenship, a Moroccan-born Kansas City used auto parts dealer funneled more than $20,000 in fraudulent bank loans to al-Qaida using a bank account in the United Arab Emirates.

Investigators won't say who got the money or if it was ever used to help finance a terror attack, but the case highlights the difficulty in stemming the flow of money — especially small amounts — to terrorists, security experts say. Though the $23,500 Khalid Ouazzani admitted giving to al-Qaida might not seem like much, it's a huge amount when added to similarly moderate donations made to terrorists that fly under the intelligence radar, they say.

"It's probably widespread, more so than we'd like to think," said Dennis Lormel, a retired FBI agent who headed the government's terrorist financing investigative unit after 9/11. "You can get into semantics about amounts, but this guy is not the only guy out there doing this type of thing. You multiply $23,000 times 10, it's still not a tremendous amount of money. Multiply it again and you start seeing more significant funds."

Home equity loans

Simple example of borrowing from equity to fuel consumption

No Cost Home Equity Loan - News


How to obtain a mortgage LoanSafe
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFDPC4Q4S3EuR88B_2KdkcFqCpbRwamp;url=http://www.which4u.co.uk/mortgages/news/11886-principality-introduces-new-mortgage-dealimg src=http://nt3.ggpht.com/news/tbn/v8DGOUQZKlgXOM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Which4U - UK/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFR2ct3bD3LtlvL5Q6SM_g_x3gxfwamp;url=http://www.loansafe.org/how-to-obtain-a-mortgagebHow to obtain a mortgage/b/abr /font size=-1bfont color=#6f6f6fLoanSafe/font/b/fontbr /font size=-1Predatory mortgage lending practices strip borrowers of bhome equity/b and threaten families with foreclosure, destabilizing the very communities that are b/b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHDFJjX6tBu6KtocTSKS_icCGWdowamp;url=http://www.mortgage11.com/2010/09/get-4-5-fixed-rate-home-mortgage-refinance-loan-by-qualifying-for-harp/Get 4.5% Fixed Rate bHome/b Mortgage Refinance bLoan/b by Qualifying For HARP/afont size=-1 color=#6f6f6fnobrMortgage11/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEh5INPhn3JdSHIQv6ZlEKCm1Mx1Aamp;url=http://www.upi.com/Real-Estate/2010/09/07/FHA-Softens-Mortgage-Insurance-Blow/6171283875316/FHA Softens Mortgage Insurance Blow/afont size=-1 color=#6f6f6fnobrUPI.com/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEnq72LmNP1FTMsGUxBheIffEvm5Aamp;url=http://nationalmortgageprofessional.com/news20225/fha-issues-guidance-lender-approvalsFHA issues guidance for lender approvals/afont size=-1 color=#6f6f6fnobrNational Mortgage Professional Magazine/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG0-6fi21OWQOXri33aB5AI3P5xKwamp;url=http://www.subprimeblogger.com/2010/09/07/wells-fargo-refinance-mortgage-rates-home-loans-settle-near-lowest-levels-at-4-3-for-30-year-fixed/nobrSubprime Blogger (blog)/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG-rSG6oh5UR_5ulYt-gZYFf-Fadgamp;url=http://rismedia.com/2010-09-06/company-profile-bank-of-america-home-loans-works-with-real-estate-professionals-to-offer-buyers-a-better-purchase-experience/nobrRisMedia.com (press release)/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFjN1MxRp90Ol8ihWgIFlVWuV0NRwamp;url=http://www.monitorbankrates.com/mortgages/home-mortgage-rates-30-year-mortgage-rates-at-4-36-15-year-mortgage-rates-at-383-5187nobrMonitorBankRates.com/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=daYw0OvcHwn1oTMKxcDb-OEuuZxmMnobrball 124 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Home Equity Lines of Credit, the Next Looming Disaster? Real Estate Channel
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHE58Z2sMM-I_MfZinnT3WRKw9CAgamp;url=http://www.realestatechannel.com/us-markets/residential-real-estate-1/housing-bubble-home-equity-lines-of-credit-heloc-second-mortage-lien-holders-home-foreclosures-bank-failures-the-new-york-times-keith-jurow-3122.phpbbHome Equity/b Lines of Credit, the Next Looming Disaster?/b/abr /font size=-1bfont color=#6f6f6fReal Estate Channel/font/b/fontbr /font size=-1They all had bhome equity loans/b which ranged from $50000 to $150000. Only 5% of these clients said they would continue paying their bhome equity loans no/b b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dDgjlsFXAKsyUNMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Bank of America Rolls Out No Servicing Fee Adjustable Rate HECM for Wholesale Reverse Mortgage Daily
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNF9MeQ5ULx34_-1smxqtbSutqvhkAamp;url=http://reversemortgagedaily.com/2010/09/07/bank-of-america-rolls-out-no-servicing-fee-adjustable-rate-hecm-for-wholesale/img src=http://nt1.ggpht.com/news/tbn/ofJefMlQIWEXPM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Reverse Mortgage Daily/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNF9MeQ5ULx34_-1smxqtbSutqvhkAamp;url=http://reversemortgagedaily.com/2010/09/07/bank-of-america-rolls-out-no-servicing-fee-adjustable-rate-hecm-for-wholesale/bBank of America Rolls Out bNo/b Servicing Fee Adjustable Rate HECM for Wholesale/b/abr /font size=-1bfont color=#6f6f6fReverse Mortgage Daily/font/b/fontbr /font size=-1Bank of America introduced a new adjustable rate bHome Equity/b Conversion Mortgage (HECM) product to wholesale partners on Tuesday. b/b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFvE7MLiJFKk7osy_2Ip9RAXrMzOAamp;url=http://www.housingwire.com/2010/09/07/bofa-hecm-securitization-notes-merit-double-a-from-standard-poorsBofA HECM securitization notes merit double-A from Standard amp; Poor#39;s/afont size=-1 color=#6f6f6fnobrHousing Wire/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dE_e4oKIB1ujfPMeSrBc3uSithJkMnobrball 4 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

In Terms Of Things To Consider When Looking For Home Equity Loan Interest Rates FavStocks (blog)
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFzMz0RDA3F4VDoP-CFZckjCLhjewamp;url=http://www.themoneytimes.com/20100901/mortgage-activity-rises-slightly-week-id-10126660.htmlimg src=http://nt0.ggpht.com/news/tbn/VG6JeRqy01oUfM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2The Money Times/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHqo4ck3_i36WNpKusMGo4Sj9gwZgamp;url=http://www.favstocks.com/in-terms-of-things-to-consider-when-looking-for-home-equity-loan-interest-rates/0223990/bIn Terms Of Things To Consider When Looking For bHome Equity Loan/b Interest Rates/b/abr /font size=-1bfont color=#6f6f6fFavStocks (blog)/font/b/fontbr /font size=-1One of the best bloans/b you can get is a bhome equity loan/b, a bloan/b for mortgage owners. Here, a person borrows money based off of their equity. b/b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFeVjI8fJsRQ599hwp_4ROMyd7uxQamp;url=http://www.suntimes.com/business/savage/2647694,CST-NWS-savage29.savagearticleShould you refinance? Of course -- but can you?/afont size=-1 color=#6f6f6fnobrChicago Sun-Times/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGH0FEAtU7_wvzU2kIDKWGFF8dOkQamp;url=http://www.mortgage11.com/2010/09/get-an-affordable-fixed-rate-home-equity-line-of-credit-for-business-investment/Get An Affordable Fixed Rate bHome Equity/b Line Of Credit For Business Investment/afont size=-1 color=#6f6f6fnobrMortgage11/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH3fu6VA7lrEoSS395yKTm9ResPcwamp;url=http://www.zanesvilletimesrecorder.com/article/20100903/NEWS01/9030310Increase in bloan/b refinancing nationally hasn#39;t hit bhome/b/afont size=-1 color=#6f6f6fnobrZanesville Times Recorder/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHh8WzoHPTZR7s5N5DeUIvwrrRQDwamp;url=http://www.cleveland.com/business/index.ssf/2010/08/home_loan_refinancing_is_booming_as_rates_fall_wary_homeowners_stay_put.htmlnobrPlain Dealer/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFEpr-yIH3WRwIkqgl-PE5tK7JJBgamp;url=http://www.subprimeblogger.com/2010/09/03/compare-mortgage-interest-rates-today-refinance-va-fha-and-conventional-loan-rates-in-september/nobrSubprime Blogger (blog)/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGK5VrEuAAV-NgF3GiuLTCz4DFCRQamp;url=http://www.postandcourier.com/news/2010/aug/29/lower-mortgage-rates-not-spurring-refi-boom/nobrCharleston Post Courier/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dT5Amm53rAx33fMh01T8wlzC-XWqMnobrball 351 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

With lower unemployment and household debt, is Texas primed for recovery? Dallas Morning News
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGK4Ug1AhJFODRB-7b7UDWIoiajuAamp;url=http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-texasdebt_06bus.ART0.State.Edition1.26c238a.htmlbWith lower unemployment and household debt, is Texas primed for recovery?/b/abr /font size=-1bfont color=#6f6f6fDallas Morning News/font/b/fontbr /font size=-1The New York Fed data shows Californians loaded up on mortgage debt and bhome equity loans/b, and they are now focused on paying down those debts. b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dE7t5EwdQ8GCdGMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table