Mortgage and Financial News From 2008-5-7 Page 6
Previous Day: 2008-05-06
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3 charged in mortgage scam called 'economic parasites' - Palm Beach Post
In a wide-ranging mortgage scam, two real estate investors and a mortgage broker used inflated appraisals, straw borrowers and phony loan applications to fleece big-name lenders of millions, federal prosecutors say. The collateral for the ambitious ...
2008-05-06 07:21:00 -
Path to loan gets longer - Raleigh News & Observer
MCT Glenn Astolfi doesn't need a government report to know banks are tightening standards for home mortgages. Like a lot of Triangle mortgage brokers, he is routinely asking customers for more information these days to satisfy lenders -- more pay ...
2008-05-07 12:57:00 -
Advertisers eyeing your cell phone - Chicago Tribune
For many of the 255 million Americans with cell phones, the gadgets are indispensable for everything from tracking appointments to taking photographs to telling time. Now, advertisers want their piece of the mobile phone. As consumers increasingly ...
2008-05-06 10:41:00 -
Fed's Krosner says new methods needed to cope with new foreclosure ... - FXStreet.com
WASHINGTON (Thomson Financial) - The Federal Reserve considers the nation's high and rising foreclosure rate an "urgent problem," Governor Randall Kroszner said today, and non-traditional remedies are needed to help the homeowners with non ...
2008-05-07 05:50:00 -
Mortgage Marketing Newsletter - Colleyville Courier
Bond with your mortgage prospects. Use as is or customize your own. $150,000 Loan for $391/month - Refinance, Home Equity and Purchase. Historic Low Rates From Top Lenders - No Obligation, No SSN Required & Bad Credit OK. http://Refinance.LeadSteps ...
2008-05-07 12:21:00 -
State pushes housing lifeline - Baltimore Sun
With many homeowners facing foreclosure but not seeking help, state officials are launching an advertising campaign on buses and billboards and through print and radio spots to get their attention with the slogan: "Mortgage Late? Don't Wait!" "Help ...
2008-05-07 06:12:00 -
Savills says Q1 UK, U.S. commercial capital markets trading volumes ... - CNBC
(Adds details about regional businesses) LONDON (Thomson Financial) - Savills Plc. said trading conditions in the first quarter for its United Kingdom and United States commercial capital markets businesses and UK residential and mortgage broking ...
2008-05-07 01:11:00 -
Top-end house prices falling - Guardian Unlimited
House prices at top end of the market are starting to fall, according to upmarket estate agent Savills, demonstrating that City job cuts and lower bonuses are starting to feed through into the economy. In a first-quarter trading update, Savills ...
2008-05-07 02:59:00 -
Will my endowment shortfall see me evicted? - Guardian Unlimited
Q I have a mortgage with an endowment policy that matures in 2012, but there is going to be a shortfall. Given that my mortgage lender confirmed in writing that it would only lend where the endowment company guaranteed that the policy would cover the ...
2008-05-07 01:26:00 -
Ga. family puts face on mortgage crisis - Atlanta Journal Constitution
Washington — Facing criticism from a Georgia family and senators of both parties, a Countrywide Financial Corp. executive said Tuesday that the company had a new plan to keep mortgage processing errors from harming homeowners. But Steve Bailey's ...
2008-05-07 04:46:00 -
GM seals a UAW deal, but not at Mich. plant - Detroit Free Press
General Motors Corp. saw one UAW local contract ratified Tuesday, while negotiations continued at several locations. Separately, a unit of the finance company in which GM has a minority stake is working to line up financing to keep it from defaulting ...
2008-05-07 04:17:00 -
Corporate report: Countrywide stocks tumble - Herald Tribune
Countrywide Financial Corp. — Shares tumbled after one Wall Street analyst said Bank of America Corp. should abandon its proposed takeover of the struggling mortgage lender and another suggested the deal would likely be renegotiated for a lower ...
2008-05-06 04:50:00 -
Closing Glance: REITs edge higher - CNN Money
NEW YORK (Associated Press) - Shares of real estate investment trusts edged higher Tuesday even as investors absorbed wider-than-expected losses from companies including government-sponsored mortgage company Fannie Mae and homebuilder DR Horton Inc ...
2008-05-06 01:08:00 -
Bill would give loans to at-risk homeowners - Detroit News
WASHINGTON -- After her fiance was laid off, Nicole Zerilli of Roseville couldn't keep up with her mortgage payments and now fears losing her house. "We're definitely afraid of foreclosure," said Zerilli, 29, whose last mortgage payment was in ...
2008-05-06 09:51:00 -
No buyers for John Charcol - Guardian Unlimited
Cash -strapped mortgage broker John Charcol has given up the search for a buyer and is now turning to its founders for a capital injection. Arguably the best known mortgage broker in the country, Charcol had been looking for a takeover or refinancing ...
2008-05-07 03:20:00