Mortgage and Financial News From 2008-1-31 Page 27
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Dow Ends Up 200 Points As Bond Woes Ease (KDKA Pittsburgh)
Wall Street ended a frenetic January with a huge advance Thursday after investors set aside worries about bond insurers and grew more optimistic that the Federal Reserve's interest rate cuts will indeed help lift the economy. The Dow Jones industrials rose more than 200 points but suffered its worst January in eight years.
2008-01-31 02:39:36 -
Broker gets prison term
Courier News - CHICAGO -- A former Elgin-based mortgage broker was sentenced in federal court Wednesday to 34 months in prison for masterminding a multimillion-dollar fraud scheme that has left area residents with ruined credit. According to documents from the U.S ...
2008-01-31 08:11:00 -
FBI Says 14 Firms Being Investigated On Sub-prime Mortgage ...
RTT News - 1/29/2008 11:27:20 PM Tuesday, Federal Bureau of Investigation or FBI has revealed that its is in the process of investigating 14 companies related to the sub-prime mortgage crisis, focused on accounting fraud, securitization of loans, insider ...
2008-01-28 03:53:00 -
On the road
MetroTimes - For the urban law clinic, clients are the elderly, says Kudialis, and their cases mainly involve consumer fraud, mortgage fraud and identify theft, as well as Social Security, disability and Medicare issues. Clinic visitors with other issues are ...
2008-01-31 08:47:00 -
Further US rate cuts possible; FBI investigates senior bankers - Banking Times
Further US rate cuts possible; FBI investigates senior bankersBanking Times, UK - 7 hours ago... it will be the most far-reaching criminal investigation into the practices of the mortgage industry so far. As such, it will focus on accounting fraud ...
2008-01-31 06:17:51 -
Law firm appoints 2 shareholders and 1 of counsel - AZ Central.com
Law firm appoints 2 shareholders and 1 of counselAZ Central.com, AZ - 7 hours agoRystad focuses on representation of financial institutions, including banks, mortgage lenders and servicers, in consumer-credit regulation and compliance, ...
2008-01-31 06:36:44 -
The Mysterious Fourteen - DealBreaker.Com
The Mysterious FourteenDealBreaker.Com, NY - 6 hours agoAll we know is that they are looking into “allegations of fraud at various stages of the mortgage process, from companies that bundled the loans into ...
2008-01-31 07:16:39 -
Florida attorney general subpoenas Countrywide over lending - Palm Beach Post
Florida attorney general subpoenas Countrywide over lendingPalm Beach Post, United States - 6 hours agoMcCollum formed a Mortgage Fraud Task Force in September with 25 lawyers to investigate allegations of lending fraud. According to Bloomberg, McCollum ...
2008-01-31 07:35:39 -
Subprime Crackdown Targets Hedge Fund Industry Players - HedgeCo.net
Subprime Crackdown Targets Hedge Fund Industry PlayersHedgeCo.net, FL - 5 hours agoThe crackdown, which includes mortgage lenders, investment banks, and subprime lenders, was initiated to sniff out fraud amongst loan originators. ...
2008-01-31 08:23:57 -
2007 Corporate And Business Organization Case Law Developments, Part 1 - Mondaq News Alerts (subscription)
2007 Corporate And Business Organization Case Law Developments, Part 1Mondaq News Alerts (subscription), UK - 5 hours agoThe BMC-The Benchmark Mgmt. Co. decision also declined to recognize the theory of aiding and abetting fraud as viable under Georgia law. ...
2008-01-31 08:56:52 -
Obama Is Sub-Prime on Lending Crisis - AlterNet
Obama Is Sub-Prime on Lending CrisisAlterNet, CA - 5 hours agoThough he has been a proponent of mortgage fraud legislation in the Senate, he has remained silent on further financial regulations. ...
2008-01-31 09:01:18 -
Business Owners Aim To Even The Score - Rundtownnews.co.uk
Business Owners Aim To Even The ScoreRundtownnews.co.uk, Spain - 4 hours agoPhilip and Jacky have since started legal proceedings for allegations of fraud and this has unveiled a multitude of other complaints against Brands. ...
2008-01-31 09:17:29 -
Prosecutor pushes on as Stipe is granted delay in fraud trial - Mcalester News Capital
Prosecutor pushes on as Stipe is granted delay in fraud trialMcalester News Capital, OK - 4 hours agoOn the count of witness tampering, Francis Stipe and Gene Stipe are accused of purchasing the mortgage on Mass’ house. Mass had been called to testify ...
2008-01-31 09:58:42 -
European Markets End Little Changed; Nokia, Miners Shine; Banks ... - RTT News
European Markets End Little Changed; Nokia, Miners Shine; Banks ...RTT News, NY - 1 hour agoFrench lender French lender Societe Generale, which last week said it suffered the biggest trading fraud in banking history, rose 1.7% after rival BNP ...
2008-01-31 12:26:40 -
Ex-Countrywide KB Home Official Sues Over Firing, Alleges Fraud - Wall Street Journal
Ex-Countrywide KB Home Official Sues Over Firing, Alleges FraudWall Street Journal - 1 hour agoHe seeks unspecified compensatory and punitive damages against the joint venture of mortgage lender Countrywide Financial Corp. and builder KB Home. ...
2008-01-31 12:52:21
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