Mortgage and Financial News From 2007-9-16 Page 15
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Sunday briefing
Denver Post - ... Aurora man has been sentenced to 20 months in federal prison and three years of supervised release related to felony wire fraud and money laundering activities, federal authorities said Friday. Tremayne Miller committed fraudulent mortgage ...
2007-09-15 11:51:00 -
New laws target mortgages, sex offenders
AZCentral.com - From making mortgage fraud a felony to more closely tracking sex offenders, laws enacted by the Legislature get legal legs Wednesday. Starting this week, Arizona will have one of the nation's tougher laws on mortgage fraud, a law that more closely ...
2007-09-16 12:20:00 -
New laws target mortgages, sex offenders (The Arizona Republic)
From making mortgage fraud a felony to more closely tracking sex offenders, laws enacted by the Legislature get legal legs Wednesday.
2007-09-16 01:00:21 -
Where is Wall Street heading?
Tulsa World - Many answers may come when publicly traded mortgage companies have to open their books at the end of the third quarter, says Dollarhide, president of Longbow Asset Management Co. "That's when we'll be able to tell if the crisis is as bad ...
2007-09-15 11:08:00 -
Foreclosures are on the rise
Paris News - Mortgage companies from Dallas and Midland and San Antonio are involved in the repossessions because of loan defaults and perhaps the sales themselves. Local banks have only a small percentage of the defaults sold at the courthouse, since most local ...
2007-09-15 10:04:00 -
Alert over quick-fix mortgage rescues
IC Wales - THE Citizens Advice Bureau has warned that in the last year a new breed of ‘mortgage rescue’ firms has grown in Wales. The companies promise to solve struggling homeowners’ debt problems by buying their homes quickly, then allowing them to rent ...
2007-09-16 02:14:00 -
Government shouldn’t just jump into fixing mortgage mess
Edmond Sun - EDMOND — These days it is tough to watch the news or read a newspaper and not see some reference to the mortgage mess. There is a steady drumbeat of stories about homeowners defaulting on their mortgages, mortgage companies are laying off workers ...
2007-09-15 08:59:00 -
SEND US A LETTER
St. Louis Post-Dispatch - Hooray for David Nicklaus's Sept. 12 column. Instead of bailing out greedy, disreputable mortgage companies, let's let them go under, then sue the principals for losses. As for the people who accepted subprime mortgages based on bad credit, being ...
2007-09-16 01:31:00 -
States try to rein in mortgage brokers
Louisville Courier-Journal - Lee Jr., founder of Financial Independence Group and other mortgage companies. Former workers, with intimate knowledge of Lee's multistate mortgage operation, said he has assembled a network of people who are not properly trained or, in some cases ...
2007-09-16 02:43:00 -
States try to rein in mortgage brokers (Louisville Courier-Journal)
Concerned about mortgage fraud and predatory lending practices, many states have toughened their laws by requiring loan officers or originators to undergo extensive background checks and show proof of experience and training.
2007-09-16 03:03:59 -
Welcome to kazinform.org
Kazinform - Real Estate Mortgage Real Estate Broker Real Estate Agent Real Estate Properties Lake Real Estate In Real Estate Real Estate Investments Tampa Real Estate Real Estate Exchanges Phoenix Real Estate Real Estate Homes for Sale Realty Green Bay Wi Real ...
2007-09-16 01:24:00 -
Home-equity loans get harder to obtain
Jackson Clarion-Ledger - Pava Leyrer, a mortgage broker in Grandville, Mich., says she's been able to find home-equity lines of credit for clients with good credit histories who can show they have sufficient income to make payments. A home-equity line of credit is a revolving ...
2007-09-15 10:39:00 -
European Stocks Drop; Northern Rock, Deutsche Bank Lead Decline
Bloomberg - Interhyp AG, a German mortgage broker that earns fees from banks, fell 32 percent to 56.2 euros, the steepest intraday loss since the company's initial share sale in September 2005, after cutting its profit and sales targets. Deutsche Bank ...
2007-09-14 08:00:00 -
Are you and your mate on the money?
Lansing State Journal - Credit card use is one of the most vital pieces of information in understanding a person's financial habits, says Joe Capaldi, Jr., a mortgage broker and president of Mortgage Plus Corp. in Middletown, Del., who probes his clients on the issue. How ...
2007-09-15 09:28:00 -
Financial stocks a bargain, head of Excelsior says
Seattle Times - The Amex Securities Broker/Dealer Index dropped to the lowest since July 2006 on Aug. 15 as investors, concerned that rising mortgage defaults will slow the economy, stopped buying debt used to finance home loans and leveraged buyouts. Investors are ...
2007-09-16 12:20:00