Mortgage and Financial News From 2007-10-15 Page 3

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  • British house-builders’ resilience put to the test

    Gulf Times - But analysts warn that with mortgage rates rising, buyers’ confidence ebbing and banks tightening lending procedures, the outlook is darker than a couple of years ago and things could get worse for building stocks before they get better. “It’s ...
    2007-10-15 03:59:00

  • Mortage rates survey find homeowners don't know details

    Cleveland Plain Dealer - The survey, conducted last month, found that 25 percent did not know when their lenders will be able to raise their mortgage rates. Only 18 percent of those whose mortgages have not increased yet said they were worried about making their payments over ...
    2007-10-15 11:05:00

  • Bernanke Says Fed Policy Makers Will `Act as Needed' (Update1)

    Bloomberg - Mortgage Rates Since the September cut, the gap in interest rates between jumbo mortgages of more than $417,000 and loans of that amount or less have declined to 0.64 of a percentage point, from about a full percentage point a month ago ...
    2007-10-15 05:10:00

  • Mortgage rates survey find homeowners don't know details

    WKYC - CLEVELAND (AP) -- A nationwide survey of homeowners with adjustable rate mortgages shows that most don't know many details about their monthly house payments. The AFL-CIO released the survey results today in Cleveland. The nation's largest labor ...
    2007-10-15 12:02:00

  • Mortgage rates survey find homeowners don't know details (WKYC Cleveland)

    CLEVELAND (AP) -- A nationwide survey of homeowners with adjustable rate mortgages shows that most don't know many details about their monthly house payments.
    2007-10-15 11:23:33

  • Adjustable rates still a mystery to many, study says (Minneapolis-St. Paul Star Tribune)

    Nearly half of homeowners with adjustable rate mortgages don't know exactly how they work, according to a national survey released Monday by the AFL-CIO. Three-fourths also couldn't say what their new monthly mortgage payments will be after an interest rate reset, according to the survey of 500 homeowners who took adjustable-rate mortgages (ARMs) from 2002 to 2006. "We decided to take a look at ...
    2007-10-15 06:37:15

  • Foreclosure Help May Come Too Late For Homeowner (WCVB TheBostonChannel.com via Yahoo! News)

    Gov. Deval Patrick wants to persuade mortgage lenders to accept losses so struggling homeowners can quickly sell. That would help them avoid total financial collapse. The governor said that he wants to use the program in cities with rising foreclosure rates, including Boston, Springfield and Worcester.
    2007-10-15 03:03:05

  • Local Website Directory

    La Crosse Tribune - Lock is also one of 10 people charged in a separate federal case of orchestrating an elaborate mortgage fraud. At Friday’s preliminary hearing, a number of investigators outlined how they identified the victims’ remains. Police had been called to ...
    2007-10-13 08:26:00

  • Property prices jump as owners rush to sell before Hips handicap their ...

    Times Online - ... the months ahead as the residential property market tries to absorb the effects of stalling buyer confidence, tighter mortgage ... The Land Survey prices are not accurate due to a fraud by some new developers and buyers. The Flats are registered in he ...
    2007-10-15 05:32:00

  • Tampa man gets 10 years in fraud case

    St. Petersburg Times - A 31-year-old Tampa man pleaded guilty Friday to fraud, racketeering and theft charges in a mortgage scheme that bilked millions from homeowners in Hillsborough, Pinellas and Polk counties. Authorities accused Scott Almeida of masterminding a ...
    2007-10-12 05:57:00

  • Interthinx ® Releases Crucial Regulatory Compliance Modules as Part ...

    Market Wire - Used at every point in the mortgage lifecycle to prevent mortgage fraud, compliance violations and to assess risk, Interthinx is relied upon by over 1400 customers, including 15 of the top 20 mortgage lenders and 3 of the top 5 largest financial ...
    2007-10-15 03:16:00

  • Mortgage Builder(R) LOS Improves Compliance and Fraud Processes with ...

    PR Inside - - For Mortgage Builder Software, Inc. Media Contact Walter Rich 678-781-7208 Mortgage Builder Software, Inc., provider of end-to-end mortgage banking software, has integrated Brooks Systems' High Cost Loan Analysis (BrooksHCLA) and Interthinx's(R ...
    2007-10-15 05:00:00

  • Mortgage fraud ringleader pleads guilty

    Tampa Bay Business Journal - A Hillsborough County man has pleaded guilty to multiple charges of racketeering, conspiracy to commit racketeering, mortgage fraud and grand theft. Scott Anthony Almeida will be sentenced to 10 years prison for a mortgage fraud scam that victimized ...
    2007-10-15 05:25:00

  • Local Update - October 15, 2007 (News 12 Augusta)

    Mother of Local VA Tech Shooting Victim Heads to Washington; Aiken County Death Toll Rises; Armed Robber Sought; Investigators Look for Armed Robber; Stolen Guns; Mortgage Fraud Seminar; Shred Fest
    2007-10-15 04:48:11

  • Nortel pays $35M US to settle SEC accounting fraud charges (CBC)

    Nortel said it will pay $35 million US to settle U.S. accounting fraud charges, without issuing an admission or denial of guilt.
    2007-10-15 11:21:11

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