Mortgage and Financial News From 2007-10-20 Page 9
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State moves to protect homeowners
Sentinel & Enterprise - FITCHBURG -- The state House of Representatives passed legislation installing safeguards against mortgage fraud and home foreclosures this week. State Rep. Stephen DiNatale said the legislation, passed nearly unanimously, is an effort to protect ...
2007-10-20 09:41:00 -
Co-defendant in City Hall case sentenced in mortgage fraud
Dallas Morning News - One of the 16 co-defendants in the City Hall public corruption investigation was sentenced Friday to more than 11 years in federal prison for his role in a mortgage fraud case. Jibreel Rashad, who changed his name from Vernon Cooks Jr., also was ...
2007-10-20 12:44:00 -
7th Guilty Plea Filed In Mortgage Fraud Case (KMBC-TV Kansas City)
An accused kingpin of a high-profile mortgage fraud scheme pleaded guilty in federal court.
2007-10-19 02:58:55 -
Co-defendant in City Hall case sentenced in mortgage fraud (Dallas Morning News)
One of the 16 co-defendants in the City Hall public corruption investigation was sentenced Friday to more than 11 years in federal prison for his role in a mortgage fraud case.
2007-10-19 08:17:08 -
7th Guilty Plea Filed In Mortgage Fraud Case (KMBC TheKansasCityChannel.com via Yahoo! News)
An accused kingpin of a high-profile mortgage fraud scheme pleaded guilty Friday in federal court.
2007-10-19 05:07:15 -
Two-Year Treasuries Rise Most on Credit Since Sept. 11 Attacks
Bloomberg - The companies borrow in the short-term debt market and use the proceeds for buying mortgage-backed bonds and collateralized debt obligations. Falling market prices for assets forced the companies to declare all of their debt due this week ...
2007-10-20 09:19:00 -
ResCap to cut 460 jobs in Twin Cities
Minneapolis Star Tribune - ... 900 in 2006, said Stephen Dupont, a ResCap spokesman. Tom Stinson, the state's economist, said, "Today's news is a bitter reminder of the fact that Minnesota is affected by national trends." The bloodletting among the nation's mortgage companies has ...
2007-10-16 05:59:00 -
Silicon Valley employers lose 2,200 jobs in Sept.
Silicon Valley - Every job she's held with mortgage companies over the past 15 years has ended with a layoff after consolidations, cutbacks and corporate moves, so she's hunting for a job with a medical ...
2007-10-19 11:11:00 -
Tennessee Voices: Don't accept foreclosure without consulting a loss ...
Nashville Tennessean - Believe it or not, mortgage companies do not want to foreclose on your home. They are in the finance business and not the real estate business. If you got behind on your mortgage due to a hardship and now the crisis is over, you can usually keep your ...
2007-10-19 11:54:00 -
Fate of new antiterrorism bill uncertain
Worldnews.com - WASHINGTON - Treasury Secretary Henry Paulson said Tuesday the unfolding housing crisis posed a significant risk to the economy and called for Congress and private mortgage companies to move more quickly to ... The Treasury secretary warns that the ...
2007-10-20 01:55:00 -
Lenders often hesitant to lower rates Asbury Park Press
Worldnews.com - ... officials from the president on down have been quick to offer one suggestion: Call the lender to ask for better terms. But consumer advocates and even mortgage bankers admit that often the answer is: no deal. The reason is that mortgage companies are ...
2007-10-20 05:51:00 -
Financials look ripe, but when to pick?
Los Angeles Times - Yet investors' experience with home builders and mortgage companies this year doesn't provide much encouragement for the financial sector overall. Almost every month, we've heard assurances from some corner of Wall Street that housing was ...
2007-10-19 11:54:00 -
Bounce plays move quickly, may be costly
Chicago Tribune - The fund managers cleanse stock portfolios before the end of the year so unsightly stocks—such as home builders and mortgage companies this year—don't show up in year-end reports and scare off investors. Also, by selling losers in October, mutual ...
2007-10-20 05:51:00 -
City's rich baseball past
Rocky Mountain News - It was a great baseball town," said Arvada mortgage broker Jay Sanford, a historian of the national pastime. 22 early big leaguers The first recorded game in Denver occurred in 1862, and among the players in it were brothers who started Porter ...
2007-10-20 12:01:00 -
Stillwater mortgage broker charged in sexual assault of teen
Pioneer Press - A high-profile Stillwater mortgage broker has been charged with plying a 16-year-old girl with alcohol and sexually assaulting her in front of her boyfriend. Michael James Bergum, 35, faces a count of third-degree criminal sexual conduct, a felony ...
2007-10-17 05:58:00