Mortgage and Financial News From 2007-10-27 Page 4
Previous Day: 2007-10-26
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14
-
Soothing sounds from US lift Footsie
Guardian Unlimited - The recent turbulence in the financial markets has resulted in mortgage lenders becoming more cautious. This, combined with higher interest rates, has had a marked impact on buyer confidence and house prices in many parts of the country. At this ...
2007-10-27 03:30:00 -
Credit chaos to force fresh US rate cut
Observer - Federal Reserve chairman Ben Bernanke is poised to make a second emergency cut in interest rates this Wednesday, as the chaos from the sub-prime mortgage fiasco ripples through America's economy, exposing hundreds of thousands of families to the ...
2007-10-27 03:30:00 -
Property Q and A: Need to know
Daily Telegraph - While mortgage rates have been rising, they are still way under the 16 per cent of nearly 20 years ago and the interest-only products now available aid affordability. So the outlook is cloudy? Yes. It's even harder than usual to make forecasts as the ...
2007-10-27 02:47:00 -
IMF must check Chinese policy to stop ballooning exchange rates
Observer - ... the US and UK, where consumer demand until recently has been fuelled by a 'borrow, borrow ... spend, spend' approach, often in the belief that the value of the collateral (property) would go on rising at sensational rates (not that many US mortgage ...
2007-10-27 02:54:00 -
David Hendricks: Seminar will help businesses prevent fraud
San Antonio Express News - Those suspicious patterns can be similarities, like the amount of someone's mortgage payment, or irregularities. Even when fraud is discovered, business owners need to tread carefully. The only action more painful than punishing a ...
2007-10-25 05:56:00 -
Commonwealth Will Announce New Foreclosure Prevention Plans in ...
Forbes - These programs are expected to eventually help thousands of Pennsylvania families who are in danger of losing their homes because they can't make payments on unaffordable adjustable-rate mortgages or because they are victims of mortgage loan fraud or ...
2007-10-26 05:59:00 -
State's foreclosure plan: We'll help, but not too much
Las Vegas Sun - Conklin, who was the prime mover of a law passed last legislative session that made mortgage fraud a felony and imposed tougher regulations on the industry, said he was open to other ideas, but acknowledged the state has little fiscal room ...
2007-10-27 07:52:00 -
Dear Vicki and Octavia
Daily Telegraph - The next thing that springs to mind is burning it down, but our lawyers are likely to get antsy if I condone arson/insurance fraud. When George and Kathy Lutz bought a house with too large a mortgage (albeit one that was the scene of a sextuple ...
2007-10-27 03:59:00 -
Mortgage broker’s role in fraud case analyzed
Kansas City Star - If Monty Kinman was in cahoots with mortgage fraud perpetrator Raymond Zwego, it wasn’t a very lucrative relationship for him. Kinman, who brokered the proposed $1.2 million loan for the sale of a house owned by Katheryn Shields and her husband ...
2007-10-26 12:25:00 -
Parish collapse leaves contractors stuck with unpaid expenses
Minneapolis Star Tribune - The builder and its founders allegedly obtained fraudulent mortgages on homes that shouldn't have been built. Investigators charge that the mortgage-fraud conspiracy led to an estimated $50 million in losses on nearly 200 homes, making it the largest ...
2007-10-27 01:57:00 -
Solon builder leaving construction business due to mortgage fraud connections (The Plain Dealer)
UPDATED: 04 :46 a.m. EDT, October 27, 2007 Walter Williams Sr, founding member of the O'Jays, talks to Cleveland mayor Frank Jackson after groundbreaking ceremonies at the Center for Creative Arts on the campus of Cuyahoga Community College's Metro Campus Thursday, October 25, 2007. In addition to classrooms, recording studios and rehearsal space, the $35 million facility will house the Rock and ...
2007-10-27 01:49:00 -
Highest Risk for Mortgage Lenders in Michigan (WILX 10 Lansing)
A new study finds the Michigan has highest risk of foreclosures and fraud.
2007-10-27 12:57:55 -
Study finds Midwest has highest risk of foreclosures, fraud (WOOD TV 8 Grand Rapids)
The highest risk for mortgage lenders nationally is in Michigan, where high foreclosures and mortgage fraud persist, according to a new report. Among the findings:
2007-10-27 05:38:53 -
Florida panthers, like the planet, impacted by people
Herald Tribune - My mortgage increased due to the timing of the variable rate mortgage, which I found enticing when I bought my house. My insurance rates shot through the roof soon after Hurricanes Charley, Frances, Ivan and Jeanne did their part. I saw ...
2007-10-27 02:04:00 -
Toy Train Makers Eye End to Legal Battle
Newsday - The agreement includes a cash payment from Lionel to MTH and an agreement on future technology uses, but the companies agreed not to reveal details. The Lionel subcontractor was found guilty in a South Korean court of stealing train designs, and ...
2007-10-27 09:39:00