Mortgage and Financial News From 2007-11-12 Page 6

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  • Interest rates for businesses rise in step with home loans (The Age)

    Interest rates on large business loans have risen an estimated 35 basis points over the past three months, with mortgage lenders passing on similar increases as a result of higher borrowing costs.
    2007-11-12 05:08:37

  • UPDATE 2-Levitt & Sons files for bankruptcy protection

    Reuters - The filing is the latest sign of the serious downturn in the U.S. housing market, where lax and abusive lending practices in recent years -- as well as outright fraud -- have resulted in rising mortgage delinquencies, falling home prices and ...
    2007-11-08 03:56:00

  • City property market hit by huge fall in homes sold

    Scotsman - 3) We get to compare your tax statement and payslips with what you put down as your wages on the mortgage application. If the numbers don't match then you lied your way nto the mess. You go to jail for fraud instead of getting a bailout. 4) If your ...
    2007-11-12 04:20:00

  • Bogus cop holds up bingo player, 64

    Miami Herald - Bank fraud: On Oct. 11, a woman tried to refinance the mortgage on her home in the 8200 block of Southwest 29th Street. She was told that her credit score had dropped ''tremendously'' and was provided a copy of a loan -- that she had never made ...
    2007-11-10 03:54:00

  • Howard says $9.3bn on housing and education won't fuel inflation

    News.com.au - I was there in Hawke & Keating days paying 18% on my mortgage. I paid off my loan now and my house is free hold. I now have ... Sure the fact that there is a budget surplus to spend is pretty much a method of fraud. Tax is taken for the betterment of ...
    2007-11-12 04:41:00

  • Brasota Mortgage Co.’s investors to receive more cash

    Herald Tribune - BRADENTON - A court-appointed receiver said in a letter Monday that investors in the failed Brasota Mortgage Co. in Bradenton ... Mitchell’s prescription, and now faces a felony charge of obtaining a controlled substance by fraud, the report states. ...
    2007-11-12 02:54:00

  • Fitch Affirms Wells Fargo's Primary & Special RMBS Servicer Ratings

    Forbes - Fitch Ratings affirms the following servicer ratings for Wells Fargo Home Mortgage (WFHM), a division of Wells Fargo Bank, N.A ... WFHM has also made changes to its Fraud Risk Management division, which is now aligned under Credit Risk Management ...
    2007-11-12 01:07:00

  • The arbitrators' case against litigation

    Minneapolis Star Tribune - Forum: Arbitration vs. litigation The arbitrators' case against litigation One lawyer makes the case for litigation Ireland seeing economic growing pains Mortgage fraud victims deserve our help Readers of the Star Tribune deserve a more accurate ...
    2007-11-10 03:54:00

  • Pascal Opening Jet Stream Grill (WTVC Chattanooga)

    It is a new beginning for a familiar face. Former WTVC chief meteorologist Neal Pascal is back in the public eye. Pascal served his sentence on charges involving mortgage fraud, and has opened a new restaurant in Chattanooga called The Jet Stream Grill.
    2007-11-12 01:06:25

  • Terna Third-Quarter Profit Falls on Increased Costs (Update1)

    Bloomberg - The U.S. credit crunch tied to mortgage defaults prompted some financial companies to consider selling Latin American assets, Terna Chief Executive Officer Flavio Cattaneo said in a September interview. His company this year paid $44 million for ...
    2007-11-12 10:58:00

  • AP Top News at 2:29 p.m. EST

    Newsday - The market was waiting to see if there would be more announcements from financial companies of write-downs of mortgage-backed securities and other debt instruments that have plunged in value since the summer. Late Friday, E-Trade Financial Corp. said ...
    2007-11-12 11:27:00

  • AP Business NewsBrief at 2:34 p.m. EST

    CNBC - The market was waiting to see if there would be more announcements from financial companies of write-downs of mortgage-backed securities and other debt instruments that have plunged in value since the summer. Late Friday, E-Trade Financial Corp. said ...
    2007-11-12 11:41:00

  • Business across Island feeling mortgage crisis squeeze

    Newsday - ... each move they make - from not replacing a computer to buying less materials to hiring fewer people - affects other companies ... When Larry Schel became ill and the couple began to fall behind on their mortgage payments, they stopped coming. "When you ...
    2007-11-12 12:02:00

  • EchoStar shares down 16 percent on slower growth

    Reuters - The company said its gross number of new subscribers would likely continue to be hurt by strong competition from rivals at cable and phone companies, a deteriorating housing market and increased mortgage defaults due to subprime lending practices. ...
    2007-11-12 12:17:00

  • Another big drop for TSX

    Globe and Mail - New York stocks lost early slight headway to close lower following steep losses last week after financial companies wrote down mortgage-backed securities and other debt instruments that have plunged in value since the summer. “The big worry is that ...
    2007-11-12 01:21:00

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