Mortgage and Financial News From 2009-11-4 Page 01
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24 Jacksonville real-estate professionals indicted on mortgage fraud - Florida Times-Union
A crackdown on mortgage fraud has resulted in indictments of 24 Jacksonville-area real estate professionals in connection with at least $244 million in loan amounts for 200 pieces of property, federal authorities said today. The people indicted ...
2009-11-04 05:53:00 -
Where America Lives - Parade
Real Estate Across America With mortgage rates and home prices record lows, the housing market is ripe for first-time home buyers and homeowners looking to trade up. Here's what you can get for the money in San Francisco, New York City, Denver, Miami ...
2009-11-04 11:08:00 -
Foreclosure Stopped Belva Davis Will Stay in Her Home (Detroit) - Democratic Underground.com
Under pressure from the community, Jobs with Justice, and other groups, Wells Fargo has agreed to terms that will allow Belva Davis to stay in her home. Homeowner Belva Davis of Detroit’s East English Village fell behind on her mortgage while ...
2009-11-04 06:43:00 -
Northern Rock 'bad bank’ will make thousands of home loan borrowers ... - Times Online
Many thousands of Northern Rock mortgage borrowers will become financial “prisoners”, dumped into the rump of the lender’s so-called bad bank, it emerged yesterday. Giving evidence at the House of Commons Treasury Select Committee yesterday ...
2009-11-04 07:12:00 -
ICI boss and estranged younger wife in divorce battle over £27,000-a ... - Daily Mail
The former chairman of ICI and his estranged wife are locked in an extraordinary legal battle over the £27,000 monthly mortgage payments for their multi-million pound mansion. Charles Miller Smith, 69, and second wife Debjani, 44, lived at the ...
2009-11-04 09:28:00 -
Home Capital surprises with almost 37% profit leap - Financial Post
Gerry Soloway is the first to acknowledge that with unemployment on the rise and the economy sputtering, these are troubled times. Yet the chief executive of Home Capital Group, a leading mortgage lender, was on a roll as he listed to analysts ...
2009-11-04 06:29:00 -
FinancialMBA: Mortgage Applications Rising Again As Interest Rates ... - ForexTV.com
(RTTNews) - Mortgage applications have risen after three straight weeks of declines, as interest rates on 30-year fixed-rate mortgages have again fallen below the psychological tipping point of five percent. The Mortgage Bankers Association reported ...
2009-11-04 10:58:00 -
Earnings roundup: GMAC, Molson Coors - Associated Press
GMAC Financial Services, the main lender for General Motors Co. and Chrysler Group LLC, said its loss narrowed to $767 million in the third quarter, as its auto lending unit made money while its home mortgage unit reported another loss. Brewer Molson ...
2009-11-04 08:30:00 -
Fed holds interest rates near zero - Boston Herald
Fed holds interest rates near zeroBoston HeraldThe central bank has been buying mortgage bonds for months in a bid to increase the supply of money banks have on hand to make home loans. ...and more »
2009-11-04 11:04:49 -
Climate for abuse - Columbus Ledger-Enquirer
Climate for abuseColumbus Ledger-EnquirerGoldman Sachs Mortgage in 2007 was approving loans of 90 percent of a home's value, to clients whose financial status would never be checked. ...and more »
2009-11-04 11:06:03 -
PENDLETON: Town board adopts status quo budget - Lockport Union-Sun & Journal
PENDLETON: Town board adopts status quo budgetLockport Union-Sun & JournalAddition of the line does not cost taxpayers, he added, since there is no property tax levied to finance general town administration; sales and mortgage tax ...
2009-11-04 11:06:58 -
Until case resolved, James' suspension is appropriate - Anderson Independent Mail
Until case resolved, James' suspension is appropriateAnderson Independent MailJames is charged with using her power of attorney to authorize a reverse mortgage on the elderly woman's home to obtain funds. ...
2009-11-04 11:07:45 -
People's Law School seminar offers strategies for saving a home from ... - Evening Observer
People's Law School seminar offers strategies for saving a home from ...Evening Observer... options for homeowners who are delinquent on mortgage payments; alternatives to foreclosure, strategies and defenses homeowners can utilize to prevent ...
2009-11-04 11:08:20 -
You can find extra money to dig yourself out of debt - Richmond Times Dispatch
You can find extra money to dig yourself out of debtRichmond Times DispatchIt's pricey -- anywhere from $16 to $50 a month on every $100000 that you borrowed for your mortgage. But when the value of your home appreciates rapidly, ...
2009-11-04 11:09:01 -
Value of your home: keep it simple - Bradenton Herald
Value of your home: keep it simpleBradenton HeraldNow Lynn is mad and tells Karl to ask their banker for an opinion and gets the old-fashioned “amount of your mortgage” answer. Good grief! ...
2009-11-04 11:10:35