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

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• No need for this doom and gloom over housing market, says HBOS chief

  Times Online - The boss of Britain’s biggest mortgage lender said that fears of a recession will galvanise Britons into putting £80 ... Credit Clinic Your credit history can affect lending decisions. Get information and advice, plus your FREE credit report
  2007-12-14 07:21:00

• Loan-ly at the top

  Chicago Sun-Times - Our clients who come here are worth $10 million or more. We give advice to our clients on how to use art as an asset class." Hope the advice is better than whatever they used to say about mortgage-backed securities. And how come we call them ...
  2007-12-14 05:34:00

• Homeowners bail on loans due to more than just mortgage-rate resets

  Fort Lauderdale Sun-Sentinel - Never sign a contract under pressure and without legal advice. Do not pay your mortgage payments to someone other than your lender. For more information Contact the Department of Housing and Urban Development to request an approved housing counseling ...
  2007-12-14 10:27:00

• The Mortgage Bailout Plan (PRWeb)

  Sean Brodrick takes a closer look at the plans President Bush and Secretary Paulson are putting into action in the U.S. In this issue of Money and Markets, Mr. Brodrick examines the mortgage bailout plan and explains reasons why it could possibly fail. (PRWeb Dec 14, 2007)
  2007-12-14 12:02:39

• Banks crack down on mortgage fraud (FT.com via Yahoo! News)

  Banks are seeking to crack down on mortgage fraud as evidence mounts of a rise in the number of fraudulent borrowers. Abbey and Lloyds TSB are among the banks reporting a surge in the volume of potentially fraudulent mortgage applications in recent months.
  2007-12-14 08:40:23

• Parents present mortgage aid for X'mas

  The Australian - Ms Nielsen said their mother offered her home as security to save her daughters $6000 on mortgage insurance, and provided a security guarantee to allow them to establish their loan at 80 per cent of the property’s value. “This is just one example ...
  2007-12-13 08:01:00

• Darwins spend Christmas in jail

  BBC News - Mrs Darwin, who arrived back in the UK from Panama on 9 December, is accused of dishonestly obtaining a £25,000 life insurance payment and a policy worth £137,000 which settled her mortgage in the event of his death. Panama move Mr Darwin ...
  2007-12-14 09:58:00

• John and Anne Darwin to spend Christmas behind bars

  Times Online - Mrs Darwin, 55, is charged with dishonestly obtaining a £25,000 life insurance payment and a policy worth £137,000, which settled her mortgage in the event of her husband's death. Mr Darwin was thought to have been dead for five and a half years ...
  2007-12-14 07:14:00

• Christmas behind bars for Darwin

  Guardian Unlimited - His wife, Anne, 55, is due to face the same court. She is accused of dishonestly obtaining a £25,000 life insurance payment and a policy worth £137,000 which settled her mortgage in the event of his death. Copyright (c) Press Association Ltd. 2007 ...
  2007-12-14 09:51:00

• Christmas behind bars for Darwins

  Guardian Unlimited - Anne, 55, an-ex doctor's receptionist, is accused of dishonestly obtaining a £25,000 life insurance payment and a policy worth £137,000 which settled her mortgage in the event of his death. Their story has become news across the world since Mr ...
  2007-12-14 09:16:00

• Rupert Murdoch on Dow Jones Deal

  FOX News - CAVUTO: Bad news where, on the mortgage? MURDOCH: European banks, insurance companies, pension funds. These things always start with housing booms. And it takes some time, a year or two, for an economy to come right through it, probably five or six years ...
  2007-12-14 06:45:00

• Help! Our kids are driving us broke

  CNN Money - At the end of the month, have your children watch you write the checks for the mortgage, electricity and car insurance, and even the credit card, so they see that plastic isn't free money. If your teen is desperate for a pricey item, strike a bargain ...
  2007-12-14 08:54:00

• Companies get into reverse mortgage act

  East Bay Business Times - ... of America. Genworth Financial, a former General Electric Co. unit, this summer said it would pay $50 million for Liberty Reverse Mortgage Inc. of Sacramento, the fourth-largest reverse mortgage provider. Observers expect Genworth, an insurance holding ...
  2007-12-14 08:04:00

• Citigroup Rescues SIVs With $58 Billion Debt Bailout (Update4)

  Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... Another 13 percent is in mortgage-backed bonds and collateralized debt obligations, which are securities created by ...
  2007-12-14 06:52:00

• Senate Votes to Help Strapped Homeowners

  Forbes - The agency, which has provided mortgage insurance since 1934, currently insures 3.7 million mortgages. But critics say the size of mortgages the government agency can back is often too small to attract borrowers in expensive areas such as California ...
  2007-12-14 09:51:00

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