Mortgage and Financial News From 2009-3-15 Page 01
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Enter e-mail address of recipient: - Afro American Newspaper
(March 15, 2009) - Friday, the National Association for the Advancement of Colored People sued two of the nation's largest lenders alleging they subjected Black homeowners to, "systematic, institutionalized racism." The NAACP sued Wells Fargo and ...
2009-03-15 07:56:00 -
READERS WRITE - Atlanta Journal Constitution
I read once again in a recent newspaper about all the problems faced by Georgians and Americans as a result of the economic downturn. A common thread in my reading is an attitude that it’s all someone else’s fault —- banks, mortgage lenders ...
2009-03-15 09:43:00 -
AMP Bank launches A$535 mln RMBS - S&P - Reuters
SYDNEY, March 16 (Reuters) - AMP Bank Ltd, a unit of Australian fund manager AMP Group ( AMP.AX ), has launched A$535 million ($352 million) in residential mortgage-backed securities (RMBS), ratings agency Standard & Poor's said on Monday. The ...
2009-03-15 07:13:00 -
The Work Number Announces 100% Solution for Verified Income - Yahoo Finance
ST. LOUIS, March 16 /PRNewswire-FirstCall/ -- The Work Number, an Equifax Consumer Information Solution, announces its new capability - automated fulfillment of Form 4506T requests for IRS tax transcripts from mortgage lenders and other institutions ...
2009-03-15 10:40:00 -
Community bank finds paranoid a smart bet (BizJournals)
Joseph A. Petrucelli is one of the most cautious bankers in America.
2009-03-15 11:11:36 -
Distressed loan sales grow in real estate downturn (BizJournals)
RCH Capital LLC is shopping for loans that banks and other lenders want to get off their books.
2009-03-15 11:13:56 -
FHA loans serve as stimulus in depressed housing market (The Palm Beach Post)
Wags call it "government-backed subprime." Realtors and mortgage brokers call it the only sign of life in the lending market.
2009-03-15 11:17:07 -
Mortgage relief could get homes off market (The Post and Courier)
The latest batch of homes sales statistics from the Charleston Trident Association of Realtors' database shows that market inventory — simply, the number of homes listed for sale — is back above 10,000 after a short, seasonal dip.
2009-03-15 11:17:30 -
Foreclosures illustrate mortgage meltdown (Richmond Times-Dispatch)
None of the half-dozen bargain-hunters knew for sure how many homes would be auctioned off on the steps of Chesterfield County Courthouse last week. Of the nine that were advertised, only one went to bid—and it went back to the bank.
2009-03-15 11:20:13 -
FBI: Loan modification fraud to surge (BizJournals)
Since Oct. 1, the Phoenix field office of the FBI has received more than 800 reports of suspicious activity related to mortgage fraud.
2009-03-15 11:21:54 -
Bernanke: Recession May End This Year (Nasdaq)
(RTTNews) - The recession that is gripping the United States could come to an end by the end of this year, U.S. Federal Reserve Chairman Ben Bernanke said Sunday evening in an interview on 60 Minutes - especially if a pending overhaul of the nation's financial regulations can correct many of the oversights that contributed to the economic slowdown.
2009-03-15 11:33:08 -
South El Monte mayor circling wagons to fend of evictions (San Gabriel Valley Tribune)
SOUTH EL MONTE - As unemployment and foreclosure figures climb in this 21,000-person, blue-collar city, officials are trying to find a way to help.
2009-03-15 11:43:31 -
Wachovia seeks foreclosure on Royal Palm Hotel (BizJournals)
Wachovia Bank has filed a notice of foreclosure against owners of the Royal Palm Hotel, one of Miami Beach’s largest and most prominent properties.
2009-03-15 11:45:31 -
Razor: Ex to blame for debts - The Sun
FORMER footie star Neil “Razor” Ruddock has blamed a messy divorce for cash woes that could see his home repossessed. Ruddock, 40, has been given a month to pay back £10,000 in mortgage arrears or face losing his £420,000 detached house. The ...
2009-03-15 10:05:00 -
MBA/law course explores how corporate culture can corrupt (Cornell News Service)
In the high-pressure worlds of business and law, good people all too often do bad things, in part because of what some experts call a "toxic" corporate culture.
2009-03-15 08:37:15