Mortgage and Financial News From 2007-10-21 Page 14

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  • Panic of 1907 pales in comparison to risks of global market

    International Herald Tribune - Unlike past panics, or even the crash of 1987, the current credit turmoil has affected ordinary consumers who merely want to secure a mortgage or refinance a loan. Rates have spiked for even the best-qualified borrowers, and home buyers with less ...
    2007-10-21 05:36:00

  • A dollar now has even less elasticity

    Raleigh News & Observer - ... low-income consumers are stretching their budgets by eating cheap foods like peanut butter and pasta. Industry analysts and some economists fear the strain will get worse as people are hit with higher home heating bills this winter and mortgage rates ...
    2007-10-21 04:32:00

  • Peter Boutell, Lending a Hand: How mortgage originators get paid

    Santa Cruz Sentinel - The lower the points, the higher the rates. Some news articles have mistakenly reported that mortgage brokers get paid more for originating loans that have prepayment penalties or interest-only options. Actually, mortgages that have the interest-only ...
    2007-10-21 04:53:00

  • Mortgage rates steady at 6.4%

    Fort Wayne Journal Gazette - WASHINGTON – Rates on 30-year mortgages were unchanged last week while rates on other types of mortgages also showed little movement. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.4 percent last ...
    2007-10-21 02:51:00

  • Patrick pushes home sales

    Worcester Telegram & Gazette - The governor in April filed legislation that would increased licensing requirements for mortgage brokers and make mortgage fraud a crime. Attorney General Martha Coakley expanded rules against deceptive and predatory lending and has pursued ...
    2007-10-19 04:48:00

  • Expanded FBI staff targeting corruption

    Palm Beach Post - With most classes of crime, such as mortgage or credit card fraud, the FBI can decline to investigate a case. But federal authorities in South Florida place such a high priority on public corruption that the bureau is required to investigate "every ...
    2007-10-21 04:10:00

  • Hammer out mortgage repairs

    Detroit Free Press - Hammer out mortgage repairs Most solutions pass Michigan by, as the blow from subprime lending lands on top of home owners ... The package also covers appraisal fraud, and requires lenders to tell borrowers if their credit rating would entitle them ...
    2007-10-20 06:45:00

  • Treasure Coast Week in Review: Man admits he videotaped boys having ...

    Palm Beach Interactive - Working with the FBI and state attorney's office investigators, deputies stopped Bermudez, intending to arrest him on an outstanding warrant for mortgage fraud. But his clothes smelled like pot, and when he was asked, he admitted he was growing pot ...
    2007-10-20 09:08:00

  • No sympathy for public crooks

    Palm Beach Interactive - No question that mortgage fraud occurred and that she was an accessory. Her reason for being a willing participant: she needed the money. With this type of logic, we could clear many prisons, as various thieves and robbers, no doubt, needed the ...
    2007-10-21 01:18:00

  • Prosecutor honored for mortgage fraud cases

    Kansas City Star - KANSAS CITY | The U.S. Justice Department has honored a Kansas City federal prosecutor for her work on large-scale mortgage fraud cases. Assistant U.S. Attorney Linda Marshall received the 2007 Director’s Award at a ceremony in Washington. Last ...
    2007-10-19 05:56:00

  • 3 face mortgage-fraud charges (Deseret Morning News)

    Authorities believe Hispanic clients, including some undocumented immigrants, were the target of a real estate scheme that didn't live up to promises of home ownership.
    2007-10-20 11:29:41

  • ANA FERMIN staff photographer

    Rochester Democrat and Chronicle - Richard Buch, vice president of R and M Mortgage Inc. in Rochester, meets Carrie Greno, a freelance graphic designer from ... Members give 60-second presentations on their companies and what would be a good referral for them, so the rest of the group ...
    2007-10-21 01:40:00

  • Pension plan wants Countrywide CEO out

    CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... plan that owns shares of struggling Countrywide Financial Corp. has asked the board of the United States' largest mortgage ...
    2007-10-20 04:29:00

  • Brazil, Argentina Demand More IMF Scrutiny of Richer Nations

    Bloomberg - Mortgage defaults by Americans with poor credit histories prompted the collapse in June of two hedge funds managed by Bear Stearns Cos. and triggered an increase in borrowing costs for companies and consumers. ``We recognize there are ...
    2007-10-21 01:18:00

  • Talk Back

    Raleigh News & Observer - ... to state Treasurer Richard Moore leading the fight against unethical mortgage originators ("Moore pushes guide for lenders," Business, Oct. 17), I feel the Federal Reserve should step in with sweeping regulation of how banks, mortgage companies and ...
    2007-10-20 11:24:00

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