Mortgage and Financial News From 2007-9-15 Page 8
Previous Day: 2007-09-14
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Debt storm likely to head west and engulf Japan
Daily Telegraph - The global credit crisis has hit our high streets again. Having seen mortgage rates rise this week, people were left standing in Depression-era queues waiting to get their cash out of Northern Rock, now being shored up by the Bank of England. Monday ...
2007-09-14 06:09:00 -
Greenspan: Higher Inflation Means Double-Digit Interest Rates
ABC News - Greenspan's prediction comes shortly before Fed officials are widely expected to cut interest rates for the first time in more than four years following turmoil in mortgage markets that has rippled through the entire financial sector, leading to ...
2007-09-15 08:06:00 -
30-Year Rates Hit Four-Month Low
Washington Post - The mortgage rates do not include add-on fees known as points. Thirty-year mortgages carried a nationwide average fee of 0.5 point, while 15-year mortgages carried an average fee of 0.4 point. Five-year ARMs had an average fee of 0.6 point, and one ...
2007-09-14 11:09:00 -
Mortgage rates fall to a 4-month low (The Providence Journal)
WASHINGTON (AP) — Rates on 30-year mortgages dropped last week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages.
2007-09-14 04:35:47 -
Worries mount over mortgage security reform
Springfield News-Leader - Washington — Banks that package mortgage securities — and the institutional investors who buy them — are fearful that lawmakers could in the future make them legally responsible for fraud committed by lenders. As the housing crisis worsens and ...
2007-09-12 11:26:00 -
Holes in the bailout
Arizona Daily Sun - One of the most difficult questions posed by the subprime mortgage meltdown is who, if anyone, the government should be trying ... The caps shouldn't be lifted until Fannie and Freddie have cleared the last vestiges of accounting fraud and come under ...
2007-09-15 07:59:00 -
Customers stage $2.4bn run on bank
News.com.au - Queues snaked round the block at branches of Britain's fifth-biggest mortgage provider for a second day after customers were ... Market finishes week firmer Forex: Dollar bounces back to close stronger Bogus companies: Man jailed for $700,000 tax fraud ...
2007-09-15 06:54:00 -
Some TD Ameritrade Info Stolen
Newsday - The company's asset-protection guarantee would cover any losses in Ameritrade accounts because of identity theft or fraud. Ameritrade said it is confident that it identified how the information was stolen and has changed its computer code enough to ...
2007-09-14 04:07:00 -
Mortgage fraud cases pile up in Houston
KHOU - If you’re looking, be careful — or you could become a crime victim, and your credit could be ruined. The soaring numbers of home foreclosures with the collapse of subprime lending means more homes on the market and that more homebuyers may become ...
2007-09-14 04:00:00 -
Madigan sues mortgage rescue company for fraud
St. Louis Post-Dispatch - Illinois Attorney General Lisa Madigan filed a fraud suit against Florida-based Mortgage Assistance Solutions LLC on Friday, accusing the mortgage "rescue" company of falsely promising to negotiate with lenders to reduce homeowners' mortgage payments ...
2007-09-15 01:04:00 -
Tough words on mortgage fraud (Rocky Mountain News)
Home buyers and owners refinancing mortgages are increasingly finding at the closings that their lender isn't honoring the deal they thought they had locked up.
2007-09-14 11:29:15 -
Foreclosure Fears: A Plea For Help
CBS News - Mortgage companies may not be used to the foreclosed fighting back, but more than a protest rally, this is an expression of desperation. "I'm not asking for help because my husband lost his job and because we were dumb when we got the loan and ...
2007-09-13 04:51:00 -
Two Louisville mortgage companies merge
Business First - Two Louisville mortgage companies that specialize in online lending are merging. New Equity Mortgage , 10701 Shelbyville Road, and Advent Mortgage , 305 N. Hurstbourne Parkway, are combining their staffs under the Advent name. The merged company will ...
2007-09-14 12:46:00 -
Treasury Chief Urges Refinancing for Homeowners
NPR News - Morning Edition , September 13, 2007 · Treasury Secretary Henry Paulson urged large mortgage companies to help homeowners by refinancing their loans. Many homeowners are struggling to keep up with steep increases in their adjustable-rate mortgage ...
2007-09-14 12:46:00 -
Mortgage mess leads to string of lawsuits (Seattle Times)
When something goes badly on Wall Street, people wind up in court. And the subprime-mortgage mess is no exception. A consortium of investors...
2007-09-15 12:31:51