Mortgage and Financial News From 2007-10-28 Page 6
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Banks warn HK may not match Fed cut
South China Morning Post - Sunny Cheung Yiu-tong, head of consumer banking at DBS Bank (Hong Kong), said lenders were under pressure to raise mortgage rates because of the high interbank rates. Many banks, particularly the small and medium-sized ones, raised mortgage rates by ...
2007-10-28 02:25:00 -
Mortgage foreclosures hitting Connecticut cities hard
Boston Globe - Subprime borrowers have been hurt because their mortgage payments have increased, often by hundreds of dollars a month, as interest rates on their adjustable-rate loans have risen. Industry watchdogs say many did not know their interest rates would ...
2007-10-28 02:03:00 -
PM caught out on interest rates promise
News.com.au - Helen of NSW certainly matches my recollection that mortgage interest rates went to 13% under Howard, not the 22% falsely claimed by Rudd. Labor's infamous 17% was devastating. I have no particular affection for any politicians. However, the ...
2007-10-28 03:15:00 -
Mortgage foreclosures hitting Connecticut cities hard (Boston Globe)
Mortgage defaults and foreclosures in Connecticut's cities have skyrocketed over the past year as homeowners buckle under the weight of rising costs associated with subprime and predatory loans, a real estate tracking company has found.
2007-10-28 02:08:37 -
Mortgage foreclosures hitting Connecticut cities hard (WTNH-TV New Haven)
Bridgeport (AP, Oct. 28, 2007 3:48 PM) _ The nation's subprime mortgage crisis has led to skyrocketing foreclosure rates in Connecticut's cities over the past year.
2007-10-28 01:05:03 -
Feds need to bail on mortgage bailout plan
Bakersfield Californian - While many of Frank's other fixes are reasonable, such as licensing mortgage brokers and bank loan officers and clamping down on appraisal fraud, the bankruptcy judge proposal is frightening in that it puts real property on the same level as an auto ...
2007-10-26 05:54:00 -
Serious problems for business if land titles are forged
Sri Lanka Sunday Times - Mortgage fraud is a big problem even in the prosperous nations. However they are vigilant and the bankers’ associations especially in the US have taken a lot of precautions and the subject is under much discussion. Newspapers very often report this ...
2007-10-27 01:36:00 -
Man makes friends and money before vanishing
Houston Chronicle - He got a job at a mortgage company in Fort Lauderdale, leading a team that handled loan paperwork in the closing process. He ... How does one explain that this person they've come to know and love has essentially been a fraud? I am." She was perplexed ...
2007-10-28 11:04:00 -
Errors and public access are issued in the race for Washington County ...
TriCities.com - Research has shown that with these records online, identity theft has increased, mortgage fraud has increased in many of the states as well as in many of the counties in Virginia," Andis said. "And the research has shown that these criminally minded ...
2007-10-27 09:21:00 -
Big Losses? How About $159M to Go Away?
ABC News - ... Merrill is now struggling with a $2.3 billion third quarter loss and an $8.4 billion charge for failed credit and mortgage ... Brooks has just been indicted on 21 counts of alleged security fraud, insider trading, tax evasion and obstruction of ...
2007-10-28 10:35:00 -
Norm Coleman: We can help folks keep their homes
Minneapolis Star Tribune - ... trying to keep their homes and remain in their communities. We also can allow eligible homeowners to refinance with Federal Housing Administration-backed loans and make mortgage debt forgiveness tax-free. And we need to increase penalties for fraud ...
2007-10-28 01:56:00 -
Oakland briefs
Detroit News - ... rising foreclosure rates in Oakland County will be held from 6-8:30 p.m. Nov. 8 in the Lathrup Village City Hall, 27400 Southfield Road. "My Future -- My Home" will also include a discussion by Oakland County Clerk Ruth Johnson on mortgage fraud. The ...
2007-10-26 05:54:00 -
Coming events
Kansas City Star - DEBTORS ANONYMOUS: Meets from 1:30-2:30 p.m. Oct. 28, Unity Temple on the Plaza, Room 2 West, 707 W. 47th St., Kansas City. Free. For information, call 913-451-7647 or e-mail gjohns28@gmail.com . PREDATORY LENDING/MORTGAGE FRAUD: This seminar by ...
2007-10-27 12:24:00 -
Study Finds Midwest Has Highest Risk of Foreclosures, Fraud (22 WSBT South Bend)
(AP) -- A new report finds the highest risk for mortgage lenders nationally is in Michigan -- where high foreclosures and mortgage fraud persist.
2007-10-27 07:56:39 -
Study finds Midwest has highest risk of foreclosures, fraud (The San Francisco Examiner)
The highest risk for mortgage lenders nationally is in Michigan, where high foreclosures and mortgage fraud persist, according to a new report. Among the findings:
2007-10-28 06:35:38