Mortgage and Financial News From 2007-12-12
Previous Day: 2007-12-11
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Mexico's top mortgage lender wants more builders
Reuters - MEXICO CITY, Dec 11 (Reuters) - Mexico's housing industry, recently one of the country's most dynamic sectors, is losing steam and needs more regional players in order to meet huge demand, the country's top mortgage lender said on Tuesday. Southern ...
2007-12-11 02:56:00 -
Settlement In Kickback Case
Hartford Courant - But the lawsuit alleged that those were services Absolute ordinarily performed as a mortgage broker — and only with Reiner's clients did they collect an additional $200. In 2004, Reiner paid Absolute Mortgage $76,200, Blumenthal said. The law firm ...
2007-12-12 06:26:00 -
Crackdown on dodgy mortgage brokers
News.com.au - THE peak body for mortgage brokers has expelled its third member in just two weeks, as the industry seeks to preserve its ... regulatory vacuum and has attracted its share of sharks who engage in practices such as predatory lending, where the broker ...
2007-12-12 06:33:00 -
Update: Six Utahns indicted for mortgage fraud (Provo Daily Herald)
Illegal mortgage scheme affected valuations of 460 homes in Riverbottoms area The forfeiture of millions of dollars in criminal assets and lengthy prison terms are among penalties sought by the U.S. Attorney's Office against six Utahns accused of running an illegal mortgage scheme to inflate the value of several high-end homes in the affluent Riverbottoms neighborhood in Provo, according to a ...
2007-12-11 02:58:42 -
Mortgage broker contributions (The Sacramento Bee)
2007-12-11 10:12:32 -
6 Utahns face mortgage fraud counts (Deseret Morning News)
Six Utah residents have been indicted by a federal grand jury on charges they conspired in what prosecutors are calling a mortgage fraud scheme that totaled at least $18 million in fraudulent loans.
2007-12-11 11:38:20 -
Six Utahns indicted for mortgage fraud (Provo Daily Herald)
Scheme leads to value adjustments of 460 homes in Riverbottoms area The forfeiture of millions of dollars in criminal assets and lengthy prison terms are among penalties sought by the U.S. Attorney's Office against six Utahns accused of running an illegal mortgage scheme to inflate the value of several high-end homes in the affluent Riverbottoms neighborhood in Provo, according to a federal ...
2007-12-12 12:14:17 -
Bank of America Announces Michigan Leadership Team
Forbes - ... named market executive in Michigan for Premier Banking and Investments, which delivers personal attention, trusted advice ... has more than two decades of experience in banking in the Michigan market, centered around commercial real estate and mortgage ...
2007-12-12 06:26:00 -
No Holiday Pardon for Libby
San Francisco Gate - No Holiday Pardon for Libby By LARA JAKES JORDAN, Associated Press Writer ... Vick told agents he hanged dogs Judge sentences suspended quarterback to... MORTGAGE MELTDOWN / Washington Mutual to close 190 offices It will shut 12... Giuliani has advice ...
2007-12-11 03:24:00 -
Outsmarted by smart products
News.com.au - Of 29 people who had actually taken out a reverse mortgage, 14 did not know how much the loan was likely to cost them over ... As the Reserve Bank deputy governor pointed out, there is no point having all sorts of consumer advice on financial products ...
2007-12-12 06:19:00 -
Credit crunch puts mortgages at 15-year high
Daily Telegraph - But they were now being "frozen out" and having to turn to unsecured lending, such as credit cards. Separate research for the charity Citizens Advice found that as many as 770,000 people have missed a mortgage or secured loan payment in the past 12 ...
2007-12-11 09:01:00 -
Homeowners struggle with mortgages
IC Wales - ... on low incomes are being encouraged to take out mortgages they cannot afford, leaving them deep in debt and facing the prospect of homelessness, the Citizens Advice Bureau will warn today. CAB dealt with more than 57,000 problems relating to mortgage ...
2007-12-12 02:30:00 -
Mortgage fix eluded lawmakers in 2001
Sacramento Bee - The Oakland ordinance would have required subprime borrowers to get advice first from independent counselors – a measure the Legislature is now considering. Today, a mortgage hotline set up by the city gets 35 to 50 calls a day from homeowners ...
2007-12-12 05:57:00 -
CML response to Citizens Advice report
ePolitix.com - The Citizens Advice report, Set up to fail, published on 12 December, is too simplistic in its criticisms of the lending industry, according to the Council of Mortgage Lenders. The vast majority of mortgage customers receive a high level of help and ...
2007-12-12 03:56:00 -
Mortgage crisis perplexes even shrewd investor Warren Buffett
San Francisco Gate - Even the great Warren Buffett scratches his head over the complex financial instruments that ... the real story is fraud... Housing downturn may hit California hardest, experts warn Giuliani has advice for S.F. on dealing with the homeless MORTGAGE ...
2007-12-12 05:50:00