Mortgage and Financial News From 2009-5-19 Page 01
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Little known firm playing big rescue role - The Money Times
New York -- Sen. Charles Grassley, R-Iowa, has raised concerns about BlackRock, a little known New York firm playing many roles in the economic recovery process. The company, 47 percent owned by Bank of America, has been hired as a government ...
2009-05-19 08:05:00 -
UPDATE 1-Obama set to sign housing aid legislation - Forbes
WASHINGTON, May 19 (Reuters) - The U.S. Congress on Tuesday sent President Barack Obama a housing rescue bill that aims to save 400,000 homeowners from foreclosure and will spend $2.2 billion on programs to aid the homeless. Lawmakers have spent ...
2009-05-19 11:46:00 -
'Dream/Home' and 'Cut to Pieces' tackle issues of personal ... - Cleveland Plain Dealer
When the going gets tough, the tough look for someone to blame. We live in an era of personal irresponsibility and victimhood, and blamesmanship ratcheted to unprecedented levels when last fall's mortgage crisis compounded a recession and things spun ...
2009-05-19 04:30:00 -
MPs' expenses: Tory claims £2,000 on ex-wife's home... while Phil ... - Daily Mail
A Tory MP who cheated on his wife while she was battling breast cancer and then claimed £2000 for the home on the day he moved out, is the latest casualty of the expenses' scandal. The most recent batch of MPs to be brought down include Chris Mullin ...
2009-05-19 08:33:00 -
Beazer Mortgage to refund $2.5M to North Carolinians - Birmingham Business Journal
Beazer Mortgage Corp. has agreed to issue $2.5 million in refunds to more than 1,500 borrowers in North Carolina. The funds are part of a settlement agreement with the N.C. Office of the Commissioner of Banks. The agency launched an investigation in ...
2009-05-19 01:24:00 -
Home affordability 'dramatically better' than five years ago - Sydney Morning Herald
A TYPICAL home is worth a little over four times the average household's annual after-tax income, down from almost six times five years ago, Reserve Bank figures show. Strong growth in incomes and a period of more sluggish median house price growth ...
2009-05-19 10:21:00 -
Mortgage fraud bill goes to Obama to sign - Associated Press
TOKYO (AP) -- Japan's economy contracted at the fastest pace since 1955 as exports plunged, companies slashed production and families spent less. Japan's real gross domestic product, or the total value of the nation's goods and services, shrank at an ...
2009-05-19 10:49:00 -
Mortgage case goes to jury - Daily Press
NEWPORT NEWS - One potential home buyer's true monthly income was $2,400. But to help ensure she qualified for a home loan, her local mortgage company, First Security, boosted that amount. The company listed her income as $6,300. In another case, a ...
2009-05-19 10:35:00 -
A Battle Plan for Refinancing Your Mortgage - Wall Street Journal
With mortgage rates holding below 5%, there has rarely been a better time to refinance your home. But with a one-two punch of tighter credit and falling prices roiling homeowners, the process has never been more difficult. In the Sacramento, Calif ...
2009-05-19 08:12:00 -
A Battle Plan for Refinancing Your Mortgage (WallStreet Journal via Yahoo! Finance)
There has rarely been a better time to refinance your home, but the process has never been more difficult. Here's what you need to know before you apply.
2009-05-19 11:34:46 -
Foreclosure rates in Cape Coral-Fort Myers on the rise (Fort Myers Florida Weekly)
Foreclosure rates in Cape Coral-Fort Myers have increased for the month of March over the same period last year, according to First American CoreLogic, a leading collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity.
2009-05-19 11:36:11 -
Turning abandoned homes into fresh starts (Fort Myers Florida Weekly)
Jackie Chang has been on the lookout for abandoned homes, which is not a difficult task with thousands of them dotting neighborhoods in Southwest Florida. She either buys them outright or fixes them up for the lenders who own them.
2009-05-19 11:46:05 -
Lawmakers seek tighter oversight of credit raters (The Canton Repository)
Lawmakers on Tuesday proposed tightening oversight of Wall Street’s credit rating agencies as regulators move to reshape supervision of the industry widely criticized for failing to give investors adequate warning of the risks in subprime mortgage securities.
2009-05-19 11:50:53 -
M. Butterfly (filmcritic.com)
In Mel Brooks' The Producers , the characters played by Gene Wilder and Zero Mostel pay a visit to the Park Avenue home of eccentric theatrical director Roger De Bris, who greets them in a flowing peignoir. "Max," Wilder querulously points out to Mostel, "He's wearing a dress." "No kidding?"
2009-05-20 12:03:44 -
Grant Thornton Finds Banks Pessimistic (San Fernando Valley Business Journal)
A majority of bankers in the West anticipate an increase in loan delinquencies in 2009. In fact, bankers expect 80 percent more foreclosures before the end of the year; 50 percent more losses from consumer loans; and 63 percent from commercial loans.
2009-05-20 12:06:43