Mortgage and Financial News From 2007-12-17 Page 01
Previous Day: 2007-12-16
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Some charities feel pinch more than others
Minneapolis Star Tribune - But it's small change compared with what the banks and mortgage companies are writing off in bad debt. And if the economy gets worse and there is a shortfall in state funding, as there was a few years ago of $3 billion or $4 billion, and there's ...
2007-12-16 03:54:00 -
Attention, Shoppers: These Mall Stocks Are Bargains
CNBC - Litt urges investors to put aside risky mortgage lending that's "grabbing headlines." He advised investors to focus on the real-estate companies with dependable revenue streams -- namely, thriving shopping malls. He praised Alexander's
2007-12-17 02:56:00 -
Push for mortgage reforms intensifies
Detroit News - Push for mortgage reforms intensifies 2 housing bills get approval, but some still stalled Alan Zibel / Associated Press ... Mae and Freddie Mac to finance larger loans, in conjunction with tighter regulation of the government sponsored companies.
2007-12-17 09:58:00 -
Grand jury indicts 9 for mortgage fraud
Anchorage Daily News - U.S. Attorney Nelson Cohen said today that the charges reflect a widespread, three-year scheme to defraud 13 banks and home-loan mortgage companies. The alleged fraud encompassed 57 loans, netting more than $1.7 million in profits and more than $1 ...
2007-12-17 03:53:00 -
5 banks to refinance home loans
Boston Globe - The suggestion was quickly rejected by the Bush administration, which focused on encouraging action by mortgage companies. For example, this month the administration brokered a deal in which mortgage holders agreed to freeze interest rates on some ...
2007-12-17 10:41:00 -
Tech, energy and mine companies lead stock fall in New York (EARTHtimes.org)
New York - Ongoing concern about the US economy weighed down US markets across the board on Monday, with high technology, energy and mining companies leading the slide. The technology-heavy Nasdaq Composite Index sank 61.28 points, or 2.32 per cent, ...
2007-12-17 03:48:09 -
Grand jury indicts 9 for mortgage fraud (Anchorage Daily News)
A federal grand jury has indicted nine people and an Anchorage company in what prosecutors describe as Alaska's largest mortgage fraud case ever.
2007-12-17 01:25:42 -
U.S. Attorney's Office Prosecutes Alaska's Largest Mortgage Fraud Case (ABC Alaska News)
The U.S. Attorney Nelson P. Cohen announced the indictment of a corporation and nine individuals for the largest mortgage fraud scheme ever prosecuted in the District of Alaska.
2007-12-17 02:20:01 -
Push for mortgage reforms intensifies (Detroit News)
WASHINGTON -- Support is growing on several fronts in Washington for mortgage-industry reforms and homeowner-assistance programs with broader potential impact than the Bush administration's plan to freeze interest rates on a small percentage of home loans.
2007-12-17 10:03:59 -
Dublin man convicted in federal mortgage fraud case
Tribune-Chronicle - He was asked whether a particular mortgage broker who referred loan applications to Long Beach Mortgage had given him any money. He said he did not receive any money. Records subsequently obtained from Bank of America show that Ngo received about $100 ...
2007-12-16 03:54:00 -
Loan Officer in Suspected Stockton Mortgage Fraud Enters Guilty Plea
KXTV News10Net - Ngo admitted that he lied to a grand jury in September when he denied receiving $100,920 in checks and bank transfers from a mortgage broker to ensure that fraudulent loan applications were processed and funded by the company he worked for, Long Beach ...
2007-12-16 03:54:00 -
Primus Enterprise Solutions Gives Businesses Reasons to Switch VoIP ...
MSN MoneyCentral - Many times Primus can offer a significant savings in cost, as with mortgage broker Apex Lending of Davenport, FL. "I thought my service was priced too high, but I didn't know how high until I talked to Primus," says Rigo Dominicci, owner of Apex ...
2007-12-17 04:54:00 -
Liberian group's election upheld
Minneapolis Star Tribune - Dwanyen, a mortgage broker, received 805 votes, defeating incumbent Martha Sinoe with 439 votes, the commission said. Billy Dee Russell got 280 votes and Jackson K. George, 231. Zezay said Dwanyen takes office in January. Randy Furst • 612-673-7382 ...
2007-12-17 09:19:00 -
State suing mortgage lender for abandoning consumers' info
Dayton Business Journal - Attorney General Marc Dann and the Ohio Department of Commerce announced that a lawsuit was filed against Randall Mortgage Services Inc. and former owner and president Robert Shepherd, alleging violations of the Ohio Mortgage Broker Act and Ohio ...
2007-12-17 11:49:00 -
Guilty plea in subprime mortgage scam
San Francisco Gate - Scott's office said Ngo admitted, in his guilty plea, that he falsely denied having received money from a mortgage broker who referred loan applications to the company. He had actually received about $100,000 in checks and bank transfers between July ...
2007-12-16 03:54:00
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