Mortgage and Financial News From 2007-8-25 Page 16
Previous Day: 2007-08-24
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
16 17
-
Two major mortgage bankers suspend subprime lending: brokers
680 News - However, borrowers with higher-than-average credit risk can still find help from a mortgage broker, he said, as there are still many companies willing to do a deal. "Experienced mortgage brokers have depth of resources and have always been able to ...
2007-08-24 11:46:00 -
Mortgage fraud leader sentenced to jail
MSN MoneyCentral - Parker, a mortgage broker, led a scheme to defraud commercial lenders and financial institutions of more than $4 million relating to more than 20 properties. A number of people participated in the scheme, including real estate appraisers, closing ...
2007-08-24 09:16:00 -
Florida mortgage broker faces involuntary Ch. 11
Reuters - Last: NEW YORK, Aug 24 (Reuters) - TransLand Financial Services Inc., a Florida mortgage brokerage, is the subject of an involuntary Chapter 11 bankruptcy petition filed by three banking companies, in which it was accused of failing to remit at least ...
2007-08-24 04:22:00 -
Oregon mortgage broker closes
Ashland Daily Tidings - LAKE OSWEGO, Ore. — A Lake Oswego mortgage funding business is cutting staff after deciding to get out of the residential mortgage business. GreenPoint Mortgage Funding will lay off 38 employees over the next three months. According to a document ...
2007-08-25 12:08:00 -
Blunt Words on America's Mortgage Meltdown
ABC News - Mortgage broker Tony Cato said, "The party is over" when it comes to real estate. "If a person doesn't have any assets, if a person doesn't make the income, what are we doing putting him into those mortgages anyway?" he said. (ABC News) You would not ...
2007-08-24 06:10:00 -
City attorney, mortgage broker plead guilty to fraud
Baltimore Sun - A Baltimore attorney and a mortgage broker have pleaded guilty to charges related to a mortgage scheme in which they helped secure loans for two suspected drug dealers, federal prosecutors said today. Attorney Rachel Donegan admitted today in U.S ...
2007-08-25 12:15:00 -
Two major mortgage bankers suspend sub-prime lending: brokers (CP via Yahoo! Canada News)
TORONTO (CP) - Mortgage brokers say they have been notified by two major Canadian mortgage bankers that they have temporarily suspended sub-prime - or higher risk - lending in Canada.
2007-08-24 08:43:00 -
Two major mortgage bankers suspend sub-prime lending: brokers (Canadian Business)
Laura Bobak August 24, 2007 - 5:34 p.m. TORONTO (CP) - Mortgage brokers say they have been notified by two major Canadian mortgage bankers that they have temporarily suspended subprime - or higher risk - lending in Canada.
2007-08-24 09:39:41 -
Mortgage fraud leader sentenced to jail (BizJournals)
The ringleader of $4 million mortgage fraud scheme in Atlanta is heading to prison for nine years and seven months, and must pay $2.5 million in restitution.
2007-08-24 08:52:48 -
Oregon mortgage broker closes (KMTR Eugene)
A Lake Oswego mortgage funding business is cutting staff after deciding to get out of the residential mortgage business.
2007-08-24 07:19:26 -
Mortgage Meltdown: 'The Party's Over' Says One Broker (ABC News)
One broker shares his view from the front lines of America's real estate crisis.
2007-08-24 06:47:37 -
City attorney, mortgage broker plead guilty to fraud (Baltimore Sun)
Pair helped secure loans for two suspected drug dealers A Baltimore attorney and a mortgage broker have pleaded guilty to charges related to a mortgage scheme in which they helped secure loans for two suspected drug dealers, federal prosecutors said today.
2007-08-24 08:40:33 -
Dollar slips vs euro as credit concerns ease
Reuters - ... unwound carry trades that involved borrowing at low Japanese interest rates to ... helped offset overnight news of Asian and European bank exposure to the U.S. mortgage ... A week ago, the euro had slipped below 150 yen, its lowest level in 2007. Sterling ...
2007-08-24 08:33:00 -
Bernanke won't budge despite subprime chaos
Worldnews.com - OTTAWA - Higher mortgage rates helped push Canada's consumer price index (CPI) up 0.1 per cent in July from June, holding the year ... OTTAWA -- Canada's unemployment rate fell to its lowest level since 1974 in July, while average wages rose, both strong ...
2007-08-24 10:34:00 -
New Home Sales Up 2.8 Percent in July
New York Times - As obtaining a mortgage gets more difficult even for people with solid credit and the ... of Home Builders said last week that its index of builder confidence hit the lowest ... And many builders recently have reported high cancellation rates, suggesting that ...
2007-08-24 11:17:00