Mortgage and Financial News From 2007-12-14 Page 10

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• Mortgage rates end slide, see gains

  San Diego Union-Tribune - Mortgage rates, which had been sliding, went up this week, Freddie Mac reported in its nationwide survey. Thirty-year, fixed-rate mortgages rose to 6.11 percent from 5.96 percent, which was the lowest in more than two years. Rates on 15-year, fixed ...
  2007-12-14 09:51:00

• Darwins remanded until January on fraud charges

  Guardian Unlimited - Darwins remanded until January on fraud charges James Sturcke and agencies Friday December 14, 2007 Guardian Unlimited ... is accused of dishonestly obtaining a £25,000 life insurance payment and a policy worth £137,000 which settled her mortgage ...
  2007-12-14 05:19:00

• Attorney General Abbott Takes Legal Action Against Foreclosure Rescue ...

  KWTX - In September, Attorney General Abbott launched the Texas Residential Mortgage Fraud Task Force, a partnership that involves key state regulatory agencies to take a proactive stance towards tracking and prosecuting mortgage fraud. Last month, Attorney ...
  2007-12-14 08:11:00

• Police Seeking Additional Info

  Hicksville Illustrated News - This case stems from an ongoing mortgage fraud investigation that is being conducted by the Second Squad, the Nassau County District Attorney's Office and the United States Secret Service. The defendant was charged with two counts of criminal ...
  2007-12-14 07:28:00

• Former KC official waits on fraud sentencing

  Wichita Eagle - KANSAS CITY, Mo. - A former Kansas City councilwoman will have to wait to learn her sentence for mortgage fraud. U.S. District Judge Fernando Gaitan heard arguments Wednesday in the sentencing trial for Saundra McFadden-Weaver, who was convicted in ...
  2007-12-13 09:55:00

• Former KC official waits on fraud sentencing (The Wichita Eagle)

  A former Kansas City councilwoman will have to wait to learn her sentence for mortgage fraud. U.S. District Judge Fernando Gaitan heard arguments Wednesday in the sentencing trial for Saundra McFadden-Weaver, who was convicted in August of one count of conspiracy and six counts of wire fraud. The sentencing was continued until Dec. 28, after Gaitan said he needed more time to review two ...
  2007-12-13 11:56:51

• UPDATE 1-U.S. Senate passes FHA subprime help

  Reuters - As envisioned, the FHA reform legislation would raise the current loan limit from $362,000 to at least $417,000, which is the same cap on loans that binds mortgage finance companies Fannie Mae and Freddie Mac. The final vote was 93 lawmakers in favor ...
  2007-12-14 10:20:00

• Investors skittish over credit, economy

  Reuters - A ratings downgrade for Citi by Moody's and warnings from Lehman Brothers about further write-downs due to the credit market crisis highlighted the ongoing threat to financial companies from the subprime mortgage meltdown. Continued... © Reuters ...
  2007-12-14 07:35:00

• Fed to hold Tues meeting on mortgage rule change

  CNBC - ... Board said on Friday it has scheduled an open board meeting on December 18 to discuss proposed rule changes on mortgage ... Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the ...
  2007-12-14 08:18:00

• Citi plugs $49 billion in leaky funds

  CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... money by selling short-term debt like term notes and commercial paper, then using the borrowed money to buy bank, mortgage ...
  2007-12-14 04:58:00

• Supervisor-elect holds meeting on building codes

  Picayune Item - Some builders want to keep the codes and the head of the county home builders association said many mortgage companies also want homes they finance to be built to code. The county’s chief building inspector, Kirk Pichon, also spelled out some of his ...
  2007-12-14 07:00:00

• Attorney General Corbett Announces Distribution of Nearly $11 Million ...

  Forbes - ... that the national consumer protection investigation involved borrowers who obtained home loans or debt consolidation loans from Ameriquest, along with several subsidiary companies, including Town & Country Credit Corporation and AMC Mortgage Services ...
  2007-12-14 09:16:00

• White House Plan Assures Recession

  WebWire - Hundreds of thousands of investors, who were hoping for assistance from the plan will not receive assistance as more mortgage companies and banks are sued by mortgage borrowers. The crisis has broadly extended into the conventional mortgage market ...
  2007-12-14 10:06:00

• Troy Meath & Associates Combating San Joaquin County Foreclosures

  PR Inside - 2007-12-14 17:40:40 - Real estate firm offering solutions to improve San Joaquin County foreclosures, during the first three quarters of this year there were 1,932 repossessions by banks and mortgage companies. (Lodi, California) Troy Meath ...
  2007-12-14 08:33:00

• Fannie: Home prices to sink 4-5% in '08

  CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... Mudd, speaking at Fannie Mae's first shareholders meeting in more than three years, said the mortgage-finance firm does not ...
  2007-12-14 10:56:00

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