Mortgage and Financial News From 2007-12-18 Page 26
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State wades into mortgage crisis
MSNBC - Mortgage delinquencies and foreclosures have been rising nationwide, particularly among subprime loans, which generally serve people with poor credit. The problems also are increasing in Washington, although the state ranked 47th among states in ...
2007-12-18 02:44:00 -
Mortgage mess hits Michigan, Ohio hard
Buffalo News - Real estate agents’ signs line a street in Birmingham, Mich. Ohio and Michigan topped Fannie Mae’s list of loans written off as unrecoverable — $185 million for Michigan and $101 million for Ohio. DETROIT — Michigan and Ohio share something ...
2007-12-18 03:27:00 -
Larry Goldstone Promoted to CEO of Thornburg Mortgage; Garrett ...
PR Inside - Backed by a balance sheet of $35.2 billion in high-quality mortgage assets, the company seeks to deliver value and steady growth for its shareholders by originating high-quality mortgage loans and by acquiring high-quality mortgage-backed securities ...
2007-12-18 03:06:00 -
31 Accused in Florida of Falsifying Home Loans
Herald Tribune - MIAMI — Federal prosecutors on Monday announced the indictment of 31 people in connection with a mortgage fraud scheme involving at least 28 properties in South Florida and fraudulent loans totaling more than $14.2 million. The loans ranged from ...
2007-12-18 02:51:00 -
Madigan leading way out of mortgage mess
Chicago Sun-Times - People end up with larger and larger loans until the mortgage exceeds the equity in the house. According to Madigan, when they investigated these loans, "almost all were originated by Countrywide and its brokers." Madigan also notes that ...
2007-12-18 03:20:00 -
For Homeowners Looking to Avoid Foreclosure, Here Are Four Common ...
Forbes - ATLANTA, Dec. 18 /PRNewswire/ -- The recent agreement by federal regulators and mortgage lenders to freeze interest rates for five years on certain subprime, adjustable rate mortgage loans are intended to help many homeowners avoid foreclosure ...
2007-12-18 04:32:00 -
Thornburg Mortgage Declares Fourth Quarter Common Dividend Payment of ...
MSN MoneyCentral - Backed by a balance sheet of $35.2 billion in high-quality mortgage assets, the company seeks to deliver value and steady growth for its shareholders by originating high-quality mortgage loans and by acquiring high-quality mortgage-backed ...
2007-12-18 03:06:00 -
Feds indict 31 in mortgage-loan scheme (Sun-Sentinel)
Federal officials announced charges Monday afternoon against 31 people accused of participating in a scheme to obtain fraudulent mortgage loans worth roughly $14 million.
2007-12-17 01:46:00 -
LAW and DISORDER: Mortgage scammers get 3 years, must pay $1.2 million (The Florida Times-Union)
The manager of a title agency in Jacksonville was sentenced to three years in federal prison Monday for being part of a mortgage scam that collected millions of dollars from dishonest loans on upscale homes.
2007-12-18 04:01:26 -
Nine charged with mortgage fraud (Anchorage Daily News)
A federal grand jury has indicted nine people and one Anchorage mortgage company for allegedly using fraudulent home loans to illegally pocket $1.7 million.
2007-12-18 02:07:46 -
National City takes $200M mortgage charge (The Toledo Blade)
CLEVELAND — National City Corp., Ohio’s largest bank, reported yesterday that it took a $200 million charge related to its mortgage securities and expects to set aside about $700 million in the fourth quarter to cover bad loans.
2007-12-18 01:38:49 -
Federal agents charge 31 people in mortgage loan fraud (Sun-Sentinel)
Federal officials in Miami announced charges Monday against 31 people accused of participating in a scheme to illegally obtain mortgage loans worth roughly $14 million.
2007-12-18 02:53:34 -
Treasuries Little Changed as Global Stock Markets Extend Losses
Bloomberg - Two-year rates will rise to 3.25 percent from today's 3.19 percent, according to ... it is struggling to refinance debt because of the collapse in the subprime mortgage ... MSCI Asia Pacific Index of regional equities fell 0.3 percent, reaching the lowest ...
2007-12-17 09:08:00 -
Royal LePage predicts mere 4% rise for house prices
Vancouver Sun - National realtor Royal LePage has posted the lowest of four forecasts for Metro ... Canada Mortgage and Housing Corp. analyst Robyn Adamache, in November, released the ... LePage Northshore, North Vancouver, said a combination of moderate interest rates ...
2007-12-18 12:35:00 -
Housing Starts in U.S. Probably Fell to 14-Year Low in November
Bloomberg - Economists' forecasts ranged from annual rates of 1.09 million to 1.25 million ... Sales of previously owned homes fell in October to their lowest since record ... The housing recession has worsened since subprime mortgage turmoil in August led to a ...
2007-12-17 10:27:00