Mortgage and Financial News From 2007-12-2 Page 16
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News Minute: Winter storm deaths...New Iowa poll...College football ...
WDAM-TV - ... reported in Jones County this year Woman gets probation, must repay storm aid fraud ... The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie ... Associated Press - December 2, 2007 4:03 AM ET Hundreds of flights have been ...
2007-12-01 10:17:00 -
A good mix is a safe bet
Chicago Tribune - ... are getting edgy, analysts are rethinking profit assumptions about everything from technology companies to retailers and financial institutions can no longer conceal the disasters they created when they devised and indulged in risky mortgage ...
2007-12-01 11:50:00 -
New law taxes treasurers
Times-Argus - It's also posed problems for mortgage and escrow companies. "It has cost the city $47,000 — the equivalent of one full-time employee — to deal with this debacle," said Rutland Treasurer Wendy Wilton. Wilton told the city's aldermen last month that ...
2007-12-01 11:50:00 -
Charles A. Jaffe | Fund companies, honor season with full disclosure
Philadelphia Inquirer - ... costly and a bit more "homemade," a fund equivalent to baking cookies or pies. This holiday season, I am hoping fund companies ... look into the SAI to find out the details. Meaningful discussions of how news affects my fund. One thing the subprime-mortgage ...
2007-12-01 11:57:00 -
No Holiday From Credit Card Bills
Hartford Courant - Arnold said he expects more holiday shoppers to turn to plastic because other financing options, such as home equity lines of credit, have become more scarce as banks and mortgage companies tightened their lending standards. "The rules of the game ...
2007-12-01 11:57:00 -
WaMu dividend in danger?
Seattle Times - Despite the company's position as one of the nation's biggest home lenders, WaMu shares underperformed other banks and mortgage companies during the housing boom of the past several years. Especially for investors who bought WaMu after it topped out ...
2007-12-02 12:19:00 -
Betting on the decline of housing pays off
Philadelphia Inquirer - Kenneth Heebner, manager of the top-performing CGM Focus Fund, profited from a $477 million bet against Countrywide Financial Corp. and Sears Holdings Corp. as the housing bust hurt mortgage and home-furnishings companies. CGM Focus almost tripled ...
2007-12-01 11:57:00 -
The fleecing of Frances Taylor
Seattle Times - And tens of thousands went to financial institutions: credit-card companies, mortgage lenders and others that were more than willing to extend credit, assess large fees for questionable transactions and, in one case, violate their own rules to sell ...
2007-12-02 12:19:00 -
Market rallies for week, but crises keep it volatile
Philadelphia Inquirer - Wall Street, battered the first three weeks of November, must contend with the still-unfolding turmoil in the mortgage and credit markets that has pummeled banks, mortgage companies and investment houses. "The biggest fear is not knowing what the ...
2007-12-01 11:57:00 -
KENNETH R. HARNEY: HUD cracks down on sham title companies (Detroit Free Press)
Rigged appraisals, lax underwriting and toxic loan products may dominate the headlines, but they are hardly the only issues causing problems in residential real estate.
2007-12-02 12:31:32 -
Loan Bets Pay Off at Hedge Fund (Washington Post)
The subprime crisis that has caused so much trauma for hedge funds and investment banks has brought only good news for John Paulson. He is the manager of more than $7 billion in hedge fund money keyed to mortgage credit.
2007-12-02 12:06:41 -
Mortgage industry hashes out rate-freeze plan (EARTHtimes.org)
WASHINGTON (Reuters) - Mortgage industry executives worked on Saturday to hammer out details of a homeowner rescue plan that would freeze interest rates on some U.S. subprime mortgages for up to seven years, but questions remained over how to avoid investor lawsuits and other legal challenges.
2007-12-01 08:56:09 -
The fleecing of Frances Taylor (Seattle Times)
How a 96-year-old Seattle woman's $2 million estate vanished -- and how her business manager, contractors, mortgage lenders, credit-card companies and others reaped the benefits.
2007-12-02 12:42:54 -
Second mortgage for debt consolidation has couple in precarious situation (SaukValley.com)
My wife and I recently moved, but we still own our old house out of state and owe about $122,000 on that mortgage. We took out a 125 percent mortgage to allow us to do debt consolidation and give us extra cash.
2007-12-01 11:38:20 -
Daniel Mudd
San Francisco Gate - The deeper part of this is everybody - from the real estate agent to the mortgage broker to the lender to the appraiser to the pest control inspector - has an interest in the deal getting done because they don't get paid unless it is. Would you ...
2007-11-30 03:59:00