Mortgage and Financial News From 2008-5-7 Page 8
Previous Day: 2008-05-06
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Free financial advice push for budget - The Australian
FIRST homebuyers could be offered free financial advice before they sign big loans under a mortgage assistance package under consideration for next week's budget. One option is to offer the financial advice service to buyers seeking a mortgage to ...
2008-05-06 11:38:00 -
Interhyp AG Q1 2008: Mortgage volume reaches EUR 1.263 billion, 12 ... - Asia Corporate News Network
Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ----- ----- (Munich, 7 May 2008) In a ...
2008-05-06 09:58:00 -
Your house is so underwater you need a submarine to get in the front ... - BusinessWeek
You bought at the peak of the market. You put next to nothing down. (Maybe you even took out one of those 105% LTV loans to cover closing costs.) Now prices are falling, falling, falling, and you are underwater on your mortgage. Deep underwater ...
2008-05-06 11:17:00 -
Mortgage fraudster banned by FSA - BBC News
The Financial Services Authority (FSA) said Isah Attayi Mohammed had tried to trick three lenders into granting nine mortgages based on inflated incomes. Seven loans were for himself and two were for customers. The FSA said Mr Mohammed, who traded in ...
2008-05-06 05:09:00 -
Mortgage fraud case ends in 30-month sentence - Chicago Tribune
U.S. District Judge Charles Kocoras was impressed by the bearing of the tall, trim man in a suit who stood before him two months ago pleading guilty to mortgage fraud. He was impressed that Edwin Evans had earned a college degree and needs only one ...
2008-05-06 11:53:00 -
Countrywide executive admits loan officers made errors - Los Angeles Times
WASHINGTON -- Mortgage lender Countrywide Financial Corp., which is under investigation on allegations that it inflated certain borrowers' fees, acknowledged Tuesday that it had made errors and pledged to take steps to improve its operations. Steve ...
2008-05-06 09:29:00 -
Cellular South Launches Mobile Banking with BancorpSouth and Firethorn ... - Forbes
JACKSON, Miss., May 5 /PRNewswire/ -- Cellular South and BancorpSouth, Inc. (NYSE: BXS), two Mississippi-based companies who are leaders in the wireless phone and banking services industries, unveiled a mobile banking application today that brings ...
2008-05-05 08:09:00 -
Ambac Packs Balance Sheet With Hope of Audacity: Jonathan Weil - Bloomberg
May 7 (Bloomberg) -- Ambac Financial Group Inc. didn't see the subprime-mortgage mess coming until it was too late. Yet to trust its latest balance sheet, you must believe its executives can predict what Ambac's income will be for the next 20 years ...
2008-05-07 12:57:00 -
Banco Itau (Brazil) Secures More Than 1.6 Million Retail Customers ... - MSN MoneyCentral
Important Breakthrough for VASCO in Brazilian Retail Banking Market; Itau is First Brazilian Bank to Start Full Deployment of Digipass in Retail Sector OAKBROOK TERRACE, Ill. and ZURICH, Switzerland, May 7 /PRNewswire-FirstCall/ -- VASCO Data ...
2008-05-07 12:00:00 -
Biggest U.S. Mortgage Lenders - Forbes
DALLAS, May 5 /PRNewswire/ -- First quarter mortgage originations tumbled from a year earlier but were better than the fourth quarter, according to an analysis of earnings data by http://www.MortgageDaily.com. Among 14 of the largest U.S. primary ...
2008-05-05 03:58:00 -
TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST - CNBC
2008-05-07 09:05:06 UBS confirms banker held in U.S. tax investigation LONDON (Thomson Financial) - UBS AG confirmed that one of its senior employees was "briefly detained" by U.S. authorities under a material witness warrant amid investigations on ...
2008-05-07 01:33:00 -
Opening Glance: Mortgage Lenders decline - CNBC
NEW YORK - Shares of mortgage lenders slipped Monday after a Friedman, Billings, Ramsey analyst downgraded Countrywide Financial Corp. to "Underperform." FBR analyst Paul Miller said Bank of America Corp. should abandon its deal to buy Countrywide ...
2008-05-05 07:19:00 -
CHECK INSURANCE POLICIES FOR SAVINGS - Lexington Herald-Leader
While insurance is a necessary expense in just about every budget, it is one worth examining in tight budget times. You can get a break on car insurance for good behavior. Ask about discounts if you've gone a certain number of years without an ...
2008-05-06 11:53:00 -
Who's to answer for the mortgage mess? - Chicago Sun-Times
As the housing crisis and mortgage mess move off the front pages, some nagging questions remain. Many revolve around how so many smart people -- not the home buyers, but Wall Streeters -- could have been so dumb or blinded by greed to the eventual ...
2008-05-05 01:49:00 -
Lenders reduce buy-to-let exposure - Financial Times
A number of buy-to-let mortgage lenders scaled back their exposure to risk yesterday, cutting maximum loan amounts on new-build properties and withdrawing many competitive rates. Bank of Scotland, BM Solutions and The Mortgage Business, all part of ...
2008-05-06 10:34:00