Mortgage and Financial News From 2007-10-8 Page 19

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  • On the House | Warnings abound on mortgage fraud (The Philadelphia Inquirer)

    I received e-mail from the Federal Trade Commission recently, and I thought I should pass it on to you quickly, in case you hadn't figured it out.
    2007-10-07 10:15:24

  • First Line Data Provides Enhancements to Counter-Fraud Review Reports for Mortgage Lenders to Better Combat ... (PRWeb)

    First Line Data, Inc. announced enhancements to their Counter-Fraud Review reports, which are used to verify the validity of application documentation for the detection and prevention of fraud, tailored to the specific needs of the nation's mortgage lending industry. Mortgage lenders use these Web-based reports for the initial approval and recertification of: mortgage brokers, correspondents, ...
    2007-10-08 12:05:20

  • Sri Lanka to Start Bond Sale in Emerging Market Test (Update1)

    Bloomberg - Asian bond sales declined by 75 percent in the third quarter after mortgage defaults prompted a surge in corporate borrowing costs and sent investors to the relative safety of U.S. government debt. Governments and companies in Asia outside Japan sold ...
    2007-10-08 12:08:00

  • JPM and BAC to write down $3 billion in loans: report

    CNBC - ... JPMorgan Chase and Bank of America are expected to disclose losses of about $3 billion in mortgage ... Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the ...
    2007-10-07 10:35:00

  • Treasury Wants Greater Fannie, Freddie Oversight

    CNBC - The U.S. Treasury Department wants to expand its power to regulate how Fannie Mae and Freddie Mac access the debt markets in a reform that could stifle growth of the mortgage finance companies' investments, according to a document obtained by Reuters ...
    2007-10-07 07:54:00

  • Harry Gross | It's a penalty fee & it's wrong

    Philadelphia Daily News - Back in March, I finally got up enough spunk to overcome my inertia in refinancing my mortgage. I had an ARM that was ... You can always try other companies. However, you should be aware that the general inflation figures you saw apply to the ...
    2007-10-07 11:53:00

  • Delinquent homeowners' best plan: Negotiate

    Antelope Valley Press - As mortgage delinquencies rise, more homeowners will need to negotiate workouts with mortgage companies. When you fall behind on payments, your chances of getting cooperation from the mortgage servicer are better if you follow the following ...
    2007-10-07 08:30:00

  • 'Brits Have Less Spending Money Than Ever'

    Ananova - ... on figures from the Office for National Statistics. Disposable income is defined as gross income minus taxes and essential living costs such as utilities bills, food, transport, education, clothing, communication, TV licence fees, insurance, mortgage ...
    2007-10-08 12:08:00

  • Northern Rock Bosses Fight Back

    Ananova - At the same time, American buyout firms Cerberus and JC Flowers are pushing ahead with separate plans to table bids for struggling mortgage lender. It is hoped that will "send a powerful signal" that the UK's fifth-largest mortgage lender is on a more ...
    2007-10-08 12:08:00

  • More firms slip in credit squeeze

    Chicago Tribune - Blame worries about a freeze-up in credit markets, fueled by growing subprime mortgage defaults. A dimming outlook for retailers, home builders and related companies helped to hold back gains, before the Federal Reserve trimmed interest rates in an ...
    2007-10-07 11:53:00

  • 2 Helena men plead guilty to fraud

    Billings Gazette - HELENA - Two Helena men have pleaded guilty to scheming to defraud mortgage companies and wire fraud by creating false financial information to obtain mortgages on four properties totaling $686,000. In return for their guilty pleas Friday, federal ...
    2007-10-07 11:53:00

  • Michigan companies lack women execs, report says (Detroit Free Press)

    Women have made few strides at the executive level and in boardrooms compared with their male counterparts at Michigan's largest public companies, according to a report expected to be released today. The 2007 Michigan Women's Leadership Index, first published in 2003, looks at the presence of female leaders at 100 corporations headquartered in the state.
    2007-10-08 12:18:05

  • Mortgage shakeout yields a deal for bank (BizJournals)

    The Business Bank has agreed to purchase Prime Mortgage Corp., a deal that would give the bank eight new offices, 110 new employees and a broader business model.
    2007-10-07 10:31:07

  • Lady luck turns on Las Vegas' once-hot home market

    Reuters - With no money down, she landed a house with a pool for a $2,100 monthly mortgage. But her marriage collapsed soon after, and ... Say they paid half a million. They might be able to sell in the low $400,000s, maybe," said Rita DeSimone, a broker working ...
    2007-10-07 11:18:00

  • Now, you can see through mortgages

    St. Petersburg Times - A centerpiece of the law requires mortgage brokers to disclose commissions banks pay them. Generally, the higher the interest rate, the more the broker stands to make. Brokers call it "being paid in the back." No doubt it encourages unscrupulous ...
    2007-10-07 05:27:00

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