Mortgage and Financial News From 2009-6-24 Page 01
Previous Day: 2009-06-23
Return to the mortgage news archive home.
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
16 17
-
Delay in predatory lending protection rules - The Age
New regulations attempting to protect borrowers from predatory lending will be delayed for a year, leading to predictions of a "free-for-all'' until the new national legislation comes into force. This morning assistant treasurer Chris Bowen will ...
2009-06-24 09:02:00 -
Northern Rock sets tougher guidelines on mortgage lending - The Guardian
The nationalised bank Northern Rock has set much tougher guidelines for mortgage lending, it has been revealed. Despite ministers exhorting banks to lend more to kick-start the housing market, the government-controlled bank has set a cap of 2.1 ...
2009-06-24 07:22:00 -
Targeting Predators - New York Daily News
If there was one thing most legislators liked in President Obama’s financial overhaul proposal, it was the Consumer Financial Protection Agency. Turns out, New York might have been in a much better place if it existed in the run-up to the mortgage ...
2009-06-24 07:43:00 -
Consumers need real protection - Dispatch
The federal consumer protection system failed America, disastrously, in the years leading up to the mortgage crisis. One big cause was the sharing of responsibility for compliance with laws and regulations among several agencies that communicate ...
2009-06-24 07:36:00 -
Red Roof restructuring debt after mortgage defaults - Birmingham Business Journal
Red Roof Inns Inc. , which operates in four locations in the Dallas-Fort Worth area, said this week that it is in talks to restructure debt after a credit rating agency disclosed the Ohio-based hotel chain is in default on four mortgage loans to the ...
2009-06-24 12:41:00 -
Independent Research Firm Features LoanInsights SMART Platform in ... - Market Wire
SAN FRANCISCO, CA--(Marketwire - June 24, 2009) - LoanInsights, a San Francisco-based financial services and technology company, today announced that Forrester Research features the LoanInsights SMART (Securitized Mortgage Asset Resolution Tool ...
2009-06-24 03:54:00 -
Mexico's leading mortgage lender eases pace in H1 - Reuters
MONTERREY, June 24 (Reuters) - Mexico's Infonavit said on Wednesday that it granted 16 percent fewer mortgages during the first half of the year, but a new program launched this month is expected to boost lending amid a recession. The housing sector ...
2009-06-24 04:37:00 -
Reverse mortgage debate in overdrive - Chicago Tribune
The warning bells sounded pretty loud and clear earlier this month when a top banking regulator compared the potential risks of reverse mortgages with the subprime lending crisis. In a speech to bankers, John Dugan, comptroller of the currency ...
2009-06-24 09:45:00 -
DA: Man fraudulently obtained $2.3M loan - Newsday
A Brooklyn man was arrested Wednesday after he used forged documents, including one with a dead man's signature, to obtain a $2.3-million loan from a Great Neck real estate firm, Nassau prosecutors said Wednesday. Mayer Goldberger, 50, of Sunset Park ...
2009-06-24 07:50:00 -
Citigroup Suspends Home-Loan Purchases - Wall Street Journal
Citigroup Suspends Home-Loan PurchasesWall Street JournalBy JAMES R. HAGERTY Citigroup Inc. suspended purchases of loans from other banks and mortgage companies in the latest blow to smaller providers of home loans. The New York banking company on Tuesday began a suspension of loan purchases through its ...
2009-06-24 07:55:51 -
US mortgage rates drop again, why aren't homebuyers rushing in? - TV3 News
US mortgage rates drop again, why aren't homebuyers rushing in?TV3 News, New ZealandBanks are taking up to 30 days to approve some loans versus four or five days during the housing boom. That makes it tough to lock in a specific rate. Some analysts say home buyers will never be able catch the bottom, because you never know it hit ...
2009-06-24 08:04:00 -
Some Texas home buyers get tax credit - San Antonio Express
Some Texas home buyers get tax creditSan Antonio Express, TXNo exotic mortgage loans are allowed. Buyers must take out a conventional, FHA, VA or USDA mortgage loan and take a home buyer education class. And buyers don't apply directly to the TDHCA. They must go through an approved mortgage lender, ...
2009-06-24 08:10:59 -
Barney Frank is at it Again - Gather.com
Barney Frank is at it AgainGather.com, MAIn regard to making risky mortgage loans ... "Evil greedy bankers were just doing what they were told. They are being told to do it again. America has not yet hit bottom." "I know, I'm just a stupid American that President Obama is counting on to ram ...
2009-06-24 08:13:06 -
Audit finds funds missing or wasted - China Daily
Audit finds funds missing or wastedChina Daily, ChinaAuditors also found some banks illegally lent 21.5 billion yuan in land reserve loans, fake mortgage loans and loans provided to substandard real estate companies. About 27.3 billion yuan of illegal loans have been recovered and efforts are being made ...
2009-06-24 08:18:39 -
DA: Brooklyn Man Ripped Off Real Estate Firm - North Country Gazette
DA: Brooklyn Man Ripped Off Real Estate FirmNorth Country Gazette, NYThe loan was to be secured by a first mortgage on real property owned by Hartford LLC and located in Connecticut, and the personal guarantee of Goldberger. As part of the criminal scheme, Goldberger caused a title report to be prepared by Speedy Title ...
2009-06-24 08:26:26