Mortgage and Financial News From 2008-1-31 Page 28
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Pennsylvania Banking Department Reaches Agreement to Extend ... - PR Newswire (press release)
Pennsylvania Banking Department Reaches Agreement to Extend ...PR Newswire (press release), NY - 58 minutes agoOPFM filed for bankruptcy in September and its owner, Wesley Snyder, pleaded guilty to mail fraud in federal district court in December. ...
2008-01-31 01:16:39 -
Florida subpoenas Countrywide for information on mortgages - International Herald Tribune
Florida subpoenas Countrywide for information on mortgagesInternational Herald Tribune, France - 58 minutes agoThe attorney general's office started a mortgage fraud hot line last year. It has received about 150 complaints on Countrywide. Countrywide has until Feb. ...
2008-01-31 01:17:26 -
The rising costs of life - Chelmsford Independent
The rising costs of lifeChelmsford Independent, MA - 47 minutes agoUtilities, food, various insurances, mortgage, and all other quotidan necessities seemed pretty well covered. Add to that our meager dining-out schedule, ...
2008-01-31 01:28:05 -
How Do You Spell Trouble For Wall Street? MARTIN. - DealBreaker.Com
How Do You Spell Trouble For Wall Street? MARTIN.DealBreaker.Com, NY - 43 minutes agoNow Cuomo is looking to use it to show fraud in the packaging of mortgage bonds and derivatives, according to the Wall Street Journal. ...
2008-01-31 01:31:42 -
Lenders Extend Mortgage Relief to OPFM Victims - WFMZ-TV Online
Lenders Extend Mortgage Relief to OPFM VictimsWFMZ-TV Online, PA - 37 minutes agoIts owner, Wesley Snyder, pleaded guilty to federal mail fraud charges. Some 800 of his customers learned that they had larger mortgages and monthly ...
2008-01-31 01:38:37 -
Like Home-Builder Shares? Look Again - New York Times
Like Home-Builder Shares? Look AgainNew York Times, United States - 20 minutes agoFraud enabled some buyers to qualify even if they could not meet the relaxed standards. Pools of mortgages were sliced into securities and sold, ...
2008-01-31 01:55:33 -
Backsliding Currencies & Gold (Kitco.com)
Three very important points need to be kept in mind on the currency front, all of which have a bearing on the gold and silver price. They pertain to the euro currency, the Arabs and their US$ peg, and the technically strong look for the USDollar DX index chart.
2008-01-31 12:14:07 -
Bad news for U.S. housing industry (International Herald Tribune)
This is a case of the rich getting richer, and the poor being left holding the bag, or at least holding, and perhaps losing, the homes they wish they had never bought.
2008-01-31 12:32:30 -
Last year’s model: stricken US homeowners confound predictions (Financial Times)
When Ray McDaniel, president of Moody’s, addressed a debate in Davos last week, the mood was so hostile that some speakers joked that he was brave to appear “without a bodyguard”.
2008-01-31 01:08:39 -
Pennsylvania Banking Department Reaches Agreement to Extend Mortgage Relief to OPFM Borrowers (PR Newswire via Yahoo! News)
13 Lenders Say Theyll Accept Reduced Payments Through May
2008-01-31 01:12:00 -
European Markets End Little Changed; Nokia, Miners Shine; Banks, Insurers Decline - European Commentary (Nasdaq)
(RTTNews) - The European markets closed little changed on Thursday, erasing earlier losses in the session, as gains by Nokia and miners offset losses among banks and insurers. Gains on Wall Street also helped recoup some losses.
2008-01-31 01:29:12 -
(AFX UK Focus) 2008-01-31 21:10 GMT: Florida investigating Countrywide (Interactive Investor)
TALLAHASSEE, Fla. (AP) - Florida's attorney general is investigating Countrywide Financial Corp., a beleaguered California-based mortgage lender, for possible unfair and deceptive business practices related to its home loans.
2008-01-31 01:47:45 -
Man Indicted In Insurance Fraud Scheme (CBS 5 Phoenix)
A Chandler man is accused of collecting more than $100,000 from insurance companies by filing false claims over a four-year period.
2008-01-31 01:48:10 -
SAS to Protect All HBOS Debit Cards Against Fraud (Business Wire via Yahoo! Finance)
CARY, N.C.----HBOS plc , the provider of retail, business and corporate banking and the UK's largest mortgage and savings provider, has announced it is working with SAS, the market leader in enterprise intelligence software, to provide improved protection for its customers against fraud over the next seven years.
2008-01-31 02:00:00 -
Like Home-Builder Shares? Look Again (New York Times)
The worse the news got, the better the stocks performed.
2008-01-31 02:05:17
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