Mortgage and Financial News From 2007-12-2 Page 2
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Plan to freeze some subprime mortgage rates
World Socialist Web Site - The Bush administration is seeking to obtain the agreement of major US banks, mortgage lenders and servicers, and financial institutions holding subprime mortgage-backed securities to freeze the interest rates on some subprime loans that are ...
2007-12-02 08:50:00 -
How to gain the best mortgage (Zawya)
Q: I am seeking a mortgage for an apartment in Dubai. How are interest rates calculated? Do they differ from one finance company or a bank to another?
2007-12-02 09:24:25 -
Rudd warns banks on interest rates (ABC via Yahoo!7 Finance)
Prime Minister-elect Kevin Rudd is appealing to Australia's commercial banks to think about struggling mortgage holders before raising interest rates.
2007-12-02 02:02:00 -
Adelaide Bank to raise rates (Adelaide Now)
ADELAIDE Bank is planning to set higher mortgage rates from Wednesday, regardless of whether the Reserve Bank raises the official cash rate again when it meets tomorrow.
2007-12-02 03:45:00 -
Man gets 26-year sentence for identity theft, fraud
WATE - A man who pleaded guilty to a mortgage fraud scheme that affected more than 100 people has been sentenced to 26 years in prison. more>> 6 News and Knoxville Fire Department put Christmas trees to the test Just how safe is the Christmas tree in your house
2007-11-29 05:08:00 -
Two sentenced in connection with mortgage fraud case
WKYC - CLEVELAND -- Two people were sentenced to prison Tuesday in connection with what prosecutors describe as a mortgage fraud scheme in upscale Cleveland suburbs. Builder and developer, Edward Emery received a sentence totaling 34 months and a fine of ...
2007-11-28 02:49:00 -
First of Cole's properties foreclosed
Bakersfield Californian - Federal investigators are currently looking into Crisp & Cole operations for possible mortgage fraud after a federal raid of 13 Bakersfield sites Sept. 12. Cole declined to comment when reached by phone Thursday evening. Lenders took a hit when the ...
2007-11-28 03:54:00 -
News Minute: Snow going...Redskins lose...Romney to explain his ...
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 6:53 PM ET ALBANY, N.Y. (AP) - A storm ...
2007-12-02 01:19:00 -
Subprime Debacle Traps Even Very Credit-Worthy
Wall Street Journal - An earlier survey by the Mortgage Bankers Association of borrowers who had bought a house within the previous 12 months found that half couldn't recall the terms of their mortgage, says the association's Mr. Duncan. Often such loans involve fraud ...
2007-12-02 08:43:00 -
How to guard against ID fraud threat (Times Online)
Millions of families have been put on red alert against the risk of identity fraud after tax officials lost the personal details of 25m people.
2007-12-02 03:36:00 -
Blagojevich urges mortgage help from U.S. (Chicago Tribune)
With foreclosures increasing rapidly in Illinois, Gov. Rod Blagojevich is urging federal officials to give homeowners a reprieve from skyrocketing mortgage rates.
2007-12-02 07:11:04 -
Sub-prime debacle is not the big story
Times Online - ... European exporters will be squeezed out most readily by price competition from their Asian and American rivals. In sum, it may seem natural to think of companies such as Toyota, Sony or Samsung as being most vulnerable to the present US mortgage ...
2007-12-02 05:58:00 -
Financial companies dumping dividends?
Dubuque Telegraph Herald - That's history now that many companies are facing a potential capital crunch due to the rapid decline in their mortgage-related investments. These companies need to come up with cash -- and now. The problem is they have few options to raise it given ...
2007-12-02 01:33:00 -
Tokyo shares outlook - Mixed after directionless Wall Street session
Forbes - The plan is being negotiated between regulators, including the Treasury Department, and a coalition of mortgage-related companies including Citigroup Inc, Wells Fargo & Co, Washington Mutual Inc and Countrywide Financial Corp, the report said. The Dow ...
2007-12-02 02:30:00 -
Loan Bets Pay Off at Hedge Fund
Washington Post - Rather than depend on evaluations of mortgage-backed assets by rating companies such as Moody's Investors Service and Standard & Poor's, he and his staff dig into the securities and look at thousands of individual loans. "Selecting individual ...
2007-12-02 01:47:00