Mortgage and Financial News From 2007-9-8 Page 7
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Two people arrested and charged with mortgage fraud (NBC 15 Mobile)
Mississippi Attorney General Jim Hood's office says it has charged two people with mortgage fraud.
2007-09-08 07:00:06 -
2nd man pleads guilty in alleged mortgage fraud scheme (WKBT La Crosse)
MINNEAPOLIS (AP) - A 27-year-old man has pleaded guilty in an alleged mortgage fraud scheme that may involve as many as 200 homes and $50 million in losses.
2007-09-08 12:49:51 -
2nd Man Pleads Guilty In Mortgage Fraud Scheme (WCCO Minneapolis/St. Paul)
A 27-year-old man has pleaded guilty in an alleged mortgage fraud conspiracy that may involve as many as 200 homes and $50 million in losses. More Crime News More Minnesota News
2007-09-08 12:18:00 -
Correction: Mortgage fraud story (WMCTV Memphis)
Associated Press - September 8, 2007 3:04 PM ET Corrected Version JACKSON, Miss. (AP) - In a Sept. 7 story about a mortgage fraud case, The Associated...
2007-09-08 12:18:08 -
Jobs picture jolts stocks, Dow hammered for 249-point loss
New York Daily News - More than 100 mortgage companies have sought buyers or halted lending since the beginning of 2006. The harsh economic news hit stocks hard. The Dow fell 249.97, or nearly 2%, to 13,113.38. The S&P 500 skidded 25 points to 1,453.55, and the Nasdaq ...
2007-09-08 01:26:00 -
Mortgage Newsletter
Colleyville Courier - Competitive rates from leading mortgage companies. No obligation. Available throughout America. http://www.freehomequotes.org/ Mortgage Postcards $19.99 Increase Your Mortgage Business using Custom High Quality Postcards. http://www.Postcards.com/ Free ...
2007-09-08 04:54:00 -
Families face credit card squeeze as banks react to market turmoil
Daily Telegraph - It is the latest evidence of how the financial markets crisis is affecting households and follows news that mortgage companies are primed to increase their interest rates, causing more hardship for hundreds of thousands of households due to renew ...
2007-09-08 12:51:00 -
Mortgage industry slashing workforce
Chicago Tribune - More than 100 mortgage companies have sought buyers or halted lending since the start of 2006. "These decisions are being made with the utmost attention and sensitivity to the impact they will have on our company and our people," President David ...
2007-09-08 12:08:00 -
Word on the street
Daily Telegraph - Three main reasons: lower interest rates than almost anywhere else in the world; dodgy lending practices from some mortgage companies, which have doled out money almost willy-nilly to unsuitable borrowers at unpredictable and punitive rates; and a ...
2007-09-08 12:39:00 -
Countrywide May Fire as Many as 12,000 as Mortgage Demand Wanes (Bloomberg.com)
Sept. 8 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage company, plans to cut its workforce by 10,000 to 12,000 in the largest round of firings since the industry's contraction began last year.
2007-09-07 09:48:42 -
Slowdown could hurt Pennsylvania mortgage companies (phillyburbs.com)
HARRISBURG, Pa. - When the housing market took off in the early part of the decade, so did the number of mortgage brokers and mortgage bankers licensed in Pennsylvania.
2007-09-08 11:01:36 -
Local man indicted for mortgage fraud
Columbus Business Journal - The commission said Lambright offered to work for the victim as a mortgage broker and allegedly arranged a scheme to transfer the property in late June into the name of his mother. The commission also alleges Lambright stole money from closing ...
2007-09-07 12:40:00 -
Michigan, Ohio worst in mortgage foreclosure
Toledo Blade - Mark Vinciguerra, vice president of Northern Ohio Investment Co., a Toledo-area mortgage broker that also operates an office in Monroe, Mich., said the housing glut is having a large effect in Monroe. "We do about 10 percent of the mortgage business ...
2007-09-07 12:33:00 -
Will Potter run again? Stay tuned
Oregonian - Two candidates for mayor have filed to participate in the city's publicly financed election program: former candidate Jeff Taylor, a mortgage broker, and Beryl McNair. Charles Lewis, owner of Portland Duck Boats tour company, is a candidate for Adams ...
2007-09-08 12:08:00 -
Daniel Gross: The U.S. Housing Bust Is Rippling Through the Economy
MSNBC - ... to Asha Bangalore, an economist at Northern Trust in Chicago. The demand for mortgage brokers in Las Vegas was so strong that "every stripper, waiter and bartender on the Strip had a broker's license," says Boyd Nyborg, a former mortgage broker who ...
2007-09-08 04:04:00