Mortgage and Financial News From 2009-10-20 Page 01
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Area home sales jump, fueled by tax credit - Austin American-Statesman
Existing home sales in Central Texas rose 6.4 percent in September, the first year-over-year increase in more than two years, and the median sales price also was up, rising 2 percent to $185,250, the Austin Board of Realtors reported Tuesday. Sales ...
2009-10-20 10:45:00 -
Promoting California may help its economy recovery - Ventura County Star
BEVERLY HILLS — For California to recover from the recession, it’s going to take more than riding through the economic cycle — it’s going to take structural change. That was the message from several panels Tuesday at the Milken Institute’s ...
2009-10-20 10:31:00 -
Foreclosure activity spiked locally in the summer - Kane County Chronicle
Foreclosure filings increased sharply in the Fox Valley this summer, rising much faster locally than in the rest of the country. The number of homes foreclosed upon in the Tri-Cities and surrounding communities from July to September increased almost ...
2009-10-20 10:45:00 -
Fed Should Hold Only Treasuries Among Securities, Plosser Says - Bloomberg
Oct. 21 (Bloomberg) -- Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank should limit the securities on its balance sheet to Treasuries and create a policy for serving as lender of last resort. The Fed’s emergency ...
2009-10-20 11:07:00 -
Duffy picks pricier plan for Midtown Tower - Democrat and Chronicle
In selecting a local development team to renovate Midtown Tower, Rochester Mayor Robert Duffy went against staff members, who favored a more conservative proposal by a New York City firm. His choice, Christa Companies/Morgan Management, wants to fill ...
2009-10-20 09:55:00 -
Vigo Commissioners designate entire county ‘recovery zone’ - Tribune-Star
TERRE HAUTE — Vigo County Board of Commissioners on Tuesday designated the entire county as a “recovery zone,” and allocated $3.54 million in recovery zone economic development bonds to help finance and construct a 153,600-square-foot warehouse ...
2009-10-20 10:10:00 -
Foreclosures fade from spring peak - San Francisco Chronicle
In the nine-county Bay Area, notices of default, the first step in the foreclosure process, stood at 18,812 in the third quarter, up 25.2 percent from the same quarter last year, according to MDA DataQuick of San Diego. However, they were down 5.9 ...
2009-10-20 11:00:00 -
Flory: Appraisals squeezing landlords - Knoxville News Sentinel
Think your mortgage is a pain in the neck? Don’t look for any sympathy from local commercial real estate investors. That point was brought home to the Scope after reading an article by Jim Holleman, a commercial broker with Wood Properties. In his ...
2009-10-20 11:14:00 -
Sentry buys AFG Financial Planning - Financial Standard
National dealer group Sentry Group has acquired the financial planning arm of Australia's largest mortgage broker, Australian Finance Group - bringing Sentry's funds under advice to $2.2 billion. ING Australia-backed Sentry Group acquired Australia ...
2009-10-13 06:50:00 -
Fifth Third 'ebus' Bringing Credit Counseling and Financial Literacy ... - Stockhouse
Fifth Third Bank is delivering free financial literacy and credit counseling programs directly to Charlotte communities through its "ebus", a full-sized transit bus retrofitted with computer terminals, internet access and counseling areas. (Photo ...
2009-10-20 05:31:00 -
Digging Yourself Out of a Mortgage Mess - Wall Street Journal
Generally, loan mods are designed for homeowners who are currently experiencing financial distress or are at imminent risk of default. You don't have to be behind on your payments in order to qualify, although many are. Borrowers who enter the ...
2009-10-20 08:01:00 -
Feds Bust 31 People In $64M Mortgage Fraud Ring - WCCO
Federal authorities have charged 41 people in a mortgage fraud involving tens of millions of dollars. Thirty-one people have been arrested in New York, Pennsylvania, Ohio and North Carolina. They are among 41 people charged with engaging in mortgage ...
2009-10-15 12:57:00 -
First American CoreLogic Introduces New Integrated Mortgage Fraud ... - StreetInsider.com
SANTA ANA, Calif., Oct. 15 /PRNewswire-FirstCall/ -- First American CoreLogic , a member of The First American Corporation (NYSE: FAF ) family of companies and America's largest provider of advanced property and ownership information, analytics and ...
2009-10-15 03:20:00 -
UPDATE 1-US accuses mortgage lender Lend America with fraud - Reuters
WASHINGTON, Oct 20 (Reuters) -- The U.S. government on Tuesday accused a New York-based mortgage lender, Lend America, of committing fraud and asked a federal judge to shut down its government-backed loan operations. The Justice Department said its ...
2009-10-20 04:12:00 -
$1 million grant to fund mortgage and investment fraud unit - The San Francisco Examiner
For the first time, the San Francisco District Attorney’s Office will have its first stand-alone mortgage and investment fraud unit. The unit will be funded with a $1.06 million federal grant, which was announced by District Attorney Kamala Harris ...
2009-10-20 05:09:00