Mortgage and Financial News From 2007-12-15 Page 11
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Presidential hopefuls living large
BusinessWeek - In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. Hot Property was a finalist ...
2007-12-12 03:59:00 -
Foxes are guarding the mortgage henhouse
Nashville Tennessean - Foxes are guarding the mortgage henhouse To the Editor: Once again, the Republicans have set the fox to guard the henhouse. They ... of scientific studies available for anyone who chooses not to bury their head in the sand because national election fraud ...
2007-12-15 06:37:00 -
News Minute: Wintry weather...Pakistan ends emergency rule...Quake in ...
WDAM-TV - The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie ... Pascagoula man sentenced to 4 years for Katrina fraud Lowe's center to help build ... Associated Press - December 15, 2007 9:03 AM ET OKLAHOMA CITY (AP) - The worst ...
2007-12-15 03:38:00 -
Forum offers help on failing mortgages
Detroit Free Press - For information on the state forum or to request help on a mortgage problem, call the Michigan attorney general's consumer protection hotline: 877-765-8388. • Freddie Mac, a private entity chartered by Congress, released a mortgage fraud ...
2007-12-13 12:37:00 -
Freddie posts anti-fraud tips on YouTube
San Francisco Examiner - After learning that 25 percent of delinquent borrowers go to the Internet before their bank or lender for mortgage information, McLean-based mortgage giant Freddie Mac posted a video re-enactment of a common foreclosure scam on YouTube to warn at ...
2007-12-13 03:58:00 -
Elected officials ignore tax man
Detroit News - The officials blamed the delinquencies on soured land deals, mortgage fraud, divorce and a slumping rental market. Detroit school board member Tyrone Winfrey, whose wife is Detroit City Clerk Janice Winfrey, blamed the expense of paying private ...
2007-12-14 11:56:00 -
Realtors face tough reality
Boston Herald - But some companies have laid off support staff, while about 75 mortgage firms with significant Massachusetts operations have either quit the state or gone belly-up. “I would have to say 20 percent of (Massachusetts mortgage workers) have lost their ...
2007-12-14 10:59:00 -
European Stock Rise; UBS, Barclays, Lufthansa Pace the Advance
Bloomberg - Dec. 14 (Bloomberg) -- European stocks increased, led by financial companies, after Bear Stearns Cos. analysts said Freddie Mac, the second-biggest U.S. mortgage finance company, has enough money to fund its operations. UBS AG, the region's biggest ...
2007-12-14 12:33:00 -
A solution for the family farmer
Winona Daily News - If we have not come out of the slumps by then, the house is lost. But with the help of the bank and mortgage companies, all of us have worked together, not against each other, to do some good for our own community ...
2007-12-14 09:04:00 -
Audit: County owes taxpayers $3 million
Montgomery Advertiser - The overpayments were traced to mortgage companies and property owners each paying the same bill. Spear said although she believed the balance was lower than that, double payments do happen. "People are changing mortgage companies so much now that it ...
2007-12-15 01:51:00 -
Few eligible for loan bailout
Seattle Post Intelligencer - With fanfare, the White House announced last week that it had negotiated an agreement with mortgage companies to freeze interest rates for five years for certain borrowers with subprime mortgages. Supporters hailed it as a way to stem the rising tide ...
2007-12-13 03:58:00 -
Bill Aims To Soften Mortgage Crunch
The Ledger - Meanwhile, the White House last week announced it had negotiated an agreement with mortgage companies to freeze interest rates for certain subprime mortgages for five years. White House press secretary Dana Perino said the Senate bill "would give FHA ...
2007-12-15 05:25:00 -
Accused of Shaking Down Companies (FOX News Chicago)
A millionaire fundraiser has been indicted by the federal prosecutor's office for shaking down companies wanting to do business with the teachers pension fund.
2007-12-14 07:52:02 -
U.S. votes in mortgage relief (London Free Press)
WASHINGTON -- The U.S. Senate moved yesterday against the worsening mortgage crisis, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
2007-12-15 12:41:30 -
Bradford Mortgage expands operation (Winston-Salem Journal)
A rough year for the housing industry has only increased Bradford Mortgage Co.'s appetite for growth. The mortgage company, based in Winston-Salem, said yesterday that it has made Charleston, S.C., the largest of its 10 markets by opening a second office in nearby Mount Pleasant. Brad Church, the president of the company, said that expanding in Charleston made sense because of the opportunity to ...
2007-12-15 12:20:08