Mortgage and Financial News From 2007-8-20 Page 16

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  • Portfolio is approaching a point of no return

    Marketwatch - ... warfare seemed legitimate when Editor Joanne Lipman forced out her top deputy, Jim Impoco. Adding to a sensibility straight out of "Dallas" or "Dynasty," Impoco exited in dramatic fashion just days before Portfolio was poised to roll out its second ...
    2007-08-20 08:06:00

  • Stephen King: Manias, panics and costly chain reactions

    The Independent - Second, any explanation only works with the benefit of hindsight. Third, it's all too easy to make reassuring comparisons ... And, in recent years, we've had plenty of these, ranging from so-called sub-prime mortgages to collateralised debt obligations ...
    2007-08-20 07:30:00

  • Indonesian Rupiah Gains as Risk Appetite Returns; Government Bonds ...

    Stockhouse Canada - ... Indonesia's rupiah rose the most in seven weeks as investors resumed buying emerging-market assets after the Federal Reserve cut its discount lending rate to contain losses related to subprime mortgages. Bonds fell. The rupiah climbed for a second ...
    2007-08-20 06:26:00

  • QBE Profit Rises 56% on Acquisitions, Fewer Claims (Update3)

    Bloomberg - The company said its investment portfolio does not include U.S. subprime mortgages or collateralized debt obligations. Still, increased competition, a higher Australian dollar and reduced premium rates affected profit growth. The ...
    2007-08-20 06:40:00

  • Lenders to offer loan aid

    Detroit News - ... large tracts sell fast despite ailing economy Stocks retreat after Fed warns of more housing weakness Pulte sees large second ... Just less than $200 billion of those mortgages will reset in the next four months, meaning families with reasonable mortgage ...
    2007-08-20 07:59:00

  • 'Blitz' settles families in homes

    Pittsburgh Post-Gazette - When nonprofit community groups take on housing development -- homes come in at around $130,000 at the least -- they usually seek soft second mortgages for low-income clients so they pay only the first mortgages. That may be about $80,000 of the ...
    2007-08-20 03:55:00

  • Stephen King: Manias, panics and costly chain reactions (Independent)

    Private Eye may have got it right. Its "economics editor" suggested the market turmoil of the last few days was tied to a run on grapefruit segments. For all the supposed "explanations", there remains at least three problems. First, few predicted the scale of the turmoil. Second, any explanation only works with the benefit of hindsight. Third, it's all too easy to make reassuring comparisons with ...
    2007-08-19 11:52:01

  • Yen Falls Versus Euro, Dollar; Asia Stocks Jump Most in 5 Years (Bloomberg.com)

    Aug. 20 (Bloomberg) -- The yen fell against the euro and the dollar for a second day as a rebound in stock markets across Asia prompted investors to borrow in Japan to buy higher-yielding assets.
    2007-08-20 06:49:58

  • Regional banks confident on mortgages (The Record)

    Three of the larger regional banks that lend money for mortgages in North Jersey said Monday that they have not needed to tighten standards on loans for borrowers with less-than-stellar credit because they never made those types of loans in the first place.
    2007-08-19 02:28:27

  • Your Money

    News.com.au - A NEW online survey has found one in 10 Australian households have been a victim of online bank fraud as customers call on ... HOW DO you boost your financial position, reduce the mortgage, cut your debt and help stop inflation? Easy. Use your tax cut ...
    2007-08-20 05:50:00

  • UPI NewsTrack Business

    United Press International - FBI sees spike in mortgage fraud cases NEW YORK, Aug. 18 (UPI) -- An increase in U.S. foreclosure scams is prompting a spike in mortgage fraud investigations, it was reported Saturday. Dozens of mortgage industry professionals in Houston, Los Angeles ...
    2007-08-18 02:56:00

  • London and Wall Street slide amid global plunge

    Times Online - It is going to be a painful lesson, but Lenders heads should roll, some should go to prison as well - Mortgage Fraud is endemic everywhere - and the UK is no exception. In the end it's caught up with us. This was innevitable. A first time buyer ...
    2007-08-16 12:54:00

  • Three accused of using stolen Social Security numbers to help get ...

    Kansas City Star - Three Leawood women helped illegal immigrants use stolen Social Security numbers — some from dead people — to commit $7.7 million in mortgage fraud, authorities alleged Friday. A Johnson County grand jury this week indicted Doris Toledo, 67, and ...
    2007-08-17 12:53:00

  • Bank fraud scheme lands locals in jail

    Atlanta Business Chronicle - White was a part owner and officer of Southern Lenders Mortgage Corp. , which was based in Newnan, Ga. He was charged with bank fraud and entered a guilty plea in December 2006. White was sentenced to four years and three months in federal prison. He ...
    2007-08-17 12:53:00

  • Calif. town leads in foreclosures

    Raleigh News & Observer - Compounding the foreclosure problems are predatory loans, mortgage fraud and speculative home buyers with properties whose values have fallen below their purchase prices, leaving owners unable to sell them for a quick profit. Rounding out the areas ...
    2007-08-20 04:53:00

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