Mortgage and Financial News From 2009-1-7 Page 01
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Hudson man, brother charged in mortgage fraud case - Lowell Sun
CONCORD, N.H. (AP) -- Two New Hampshire brothers have been charged in a mortgage fraud scheme. U.S. Attorney Tom Colantuono says 30-year-old Thomas Ryder of Hopkinton and his 27-year-old brother, Paul Ryder, of Hudson, and others, filed loan ...
2009-01-07 02:39:00 -
Geneen Roth: What I Gained by Losing in Madoff (HuffingtonPost)
I wish I could say I had reservations about Madoff before The Call, but I did not. Besides, everything about which I "knew better"--stocks, advisors, real estate--was also disastrous.
2009-01-07 06:07:04 -
Business Highlights (Boston Globe)
A warning from tech giant Intel about poor business conditions and more evidence of rising unemployment left stocks with their biggest losses in a month Wednesday.
2009-01-07 06:23:13 -
Ruling may help financial crime victims (The Salt Lake Tribune)
A federal court ruling could have major implications for victims of financial crimes, according to a University of Utah law professor involved in the case.
2009-01-07 06:42:24 -
Greenleaf Closed For Good? (KSPR Springfield)
Two sister companies accused of mortgage fraud are closed. But some Ozarks homeowners still have contracts with Greenleaf and The Real Estate Company.
2009-01-07 07:19:24 -
Credit crisis diary: Picking his way out of the Lehman ruck (Independent)
You've got to hand it to the former England rugby international Simon Halliday. A former Oxford Blue, Halliday bounced back from a career-threatening injury to make it into the England side, and was equally resilient after being on the losing side in the 1991 World Cup final, before eventually retiring and joining Lehman Brothers. If anyone was going to survive the US investment bank's train ...
2009-01-07 07:21:35 -
Line for neighborhood grants gets longer (Atlanta Journal-Constitution)
Atlanta has plenty of choices on where to spend its $16 million in federal money to help rebuild neighborhoods ravaged by foreclosure. A map at city hall shows virtually every neighborhood south of I-20 and a number of others facing a dangerous combination of falling property values, increasing foreclosures, abandonment and crime. So, it's no surprise that housing advocates and neighborhood ...
2009-01-07 08:18:37 -
FULL DISCLOSURE (The Chelsea Standard)
There are no guaranteed contracts when you sign on to play for "life." While signs along the side of the road can be helpful and friends and family can help point the way, only the driver knows where they're going.
2009-01-07 09:06:30 -
DA charges contractor who allegedly stole over $1million (WWL-TV, Channel 4 New Orleans)
For months, Eyewitness News has told the story of one contractor who allegedly took more than a $1 million dollars from homeowners in New Orleans East, and never finished the work on their homes, and now, the Orleans Parish District Attorney is charging that contractor with five counts of theft over $500.
2009-01-07 10:03:42 -
CBC cuts rates to boost exports - China Post
The CBC lowered discount rate for 10-day loans to banks to 1.5 percent per annum from 2 percent, slashed the interest rate for accommodations with collateral to 1.875 percent from 2.375 percent, and reduced that for accommodations without collateral ...
2009-01-07 07:25:00 -
Building approvals dive - The Age
New home building approvals dived the most in six years in November as buyers remained on the sidelines in spite of the Government's stimulus package and hefty interest rate cuts. New South Wales bucked the trend. - Approvals drop 35% from year ago ...
2009-01-07 08:58:00 -
Half-point rate cut expected - Financial Times
Economists expect interest rates to be cut at least half a percentage point on Thursday. That would bring rates down to 1.5 per cent or less and move the Bank of England ever closer to the point when other steps are needed to prevent deflation ...
2009-01-07 08:22:00 -
Rate Decision: How Low Can It Go? - Ananova
The Bank of England is holding an historic meeting at which the interest rate is set to be slashed to an all-time low. The decision will be released on Thursday but analysts say that for the first time in the Bank's 315-history the rate will slip ...
2009-01-07 03:07:00 -
Australia home building slumps, more rate cuts seen - Guardian Unlimited
SYDNEY, Jan 8 (Reuters) - Australian approvals to build new homes registered their biggest fall in six years in November, reinforcing the case for more interest rate cuts as policymakers battle to avoid a recession. The data, along with the latest ...
2009-01-07 09:12:00 -
Daily Market Outlook - FXStreet.com
The greenback fell broadly against major currencies on Wednesday as steep job losses in the U.S. private sector reinforced investor expectations for a prolonged recession. The single currency rallied to a 3-week high of 1.3747 versus the dollar and ...
2009-01-07 06:56:00