Mortgage and Financial News From 2010-1-25 Page 01
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FHA changes make it harder to get federally backed mortgage - Modesto Bee
The FHA also will increase the upfront mortgage insurance premium to 2.25 percent of the total loan amount, from 1.75 percent. The agency also will ask Congress for permission to boost the maximum annual mortgage insurance premium it can charge.
2010-01-21 02:01:00 -
Kansas City-area insurance agent gets 10 years for fraud, money ... - MSN Money
An insurance agent in Kansas City, Kan., will spend more than 10 years in federal prison for a fraudulent mortgage insurance scheme. Ron Brown was convicted Jan. 6 of wire fraud and money laundering associated with a scheme whereby he issued phony ...
2010-01-25 12:05:00 -
Control of Stuyvesant Takes Center Stage - Wall Street Journal
Control of Stuyvesant Takes Center StageWall Street JournalThe leading contender to get initial control is CW Capital, a servicer that represents the investors who hold the $3 billion first mortgage on the property. ...and more »
2010-01-25 06:26:26 -
See the world now, cash will come later - Canada.com
See the world now, cash will come laterCanada.comThey have no children and no major financial commitments other than their mortgage, but they wonder if they have carried their love of travel too far. ...and more »
2010-01-25 07:15:41 -
M.D.C. Holdings Declares Quarterly Cash Dividend - PR Newswire (press release)
M.D.C. Holdings Declares Quarterly Cash DividendPR Newswire (press release)The Company's subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through HomeAmerican ...and more »
2010-01-25 07:26:43 -
Heavy-Handed Bank Regs To Hurt Middle Class - Forbes
Heavy-Handed Bank Regs To Hurt Middle ClassForbesAs long as the Federal Deposit Insurance Corp. operates, a certain amount of regulation will be necessary to protect taxpayer-backed deposits. ...and more »
2010-01-25 07:31:17 -
Timberland Bancorp Announces Fiscal First Quarter Results - CNNMoney.com (press release)
Timberland Bancorp Announces Fiscal First Quarter ResultsCNNMoney.com (press release)Timberland continues to sell fixed rate one-to-four family mortgage loans into the secondary market for asset-liability management purposes and to generate ...and more »
2010-01-25 08:06:06 -
State police: Ex-lawyer took clients' money - Providence Journal
State police: Ex-lawyer took clients' moneyProvidence Journal... the police have to pull all the paperwork regarding the closings, do a forensic accounting, track down mortgage companies, title companies and banks ...
2010-01-25 09:17:39 -
Momentum Building for REDD+ Global Market for Fore... - Cleantech Blog (blog)
Momentum Building for REDD+ Global Market for Fore...Cleantech Blog (blog)First it has implemented a system of “buffering” credits to provide a kind of insurance against future loss. In this system, a forest owner is required to ...and more »
2010-01-25 09:23:58 -
Harcourts reaches property management milestone - Scoop.co.nz (press release)
Harcourts reaches property management milestoneScoop.co.nz (press release)... with property management services, alongside offering mortgage and insurance broking assistance through Harcourts-owned Mortgage and Insurance Express. ...and more »
2010-01-25 10:07:01 -
Lake condo market navigates Freddie, Fannie hurdles - Lake Expo
Lake condo market navigates Freddie, Fannie hurdlesLake ExpoAlthough the lake is second-home playground for buyers with discretionary income, changes in underwriting standards have made obtaining a mortgage for a ...and more »
2010-01-25 10:22:50 -
Playing into 'class warfare' agenda - Anderson Independent Mail
Playing into 'class warfare' agendaAnderson Independent MailAlso, I find it strange that the obviously unfair deal to placate the unions on the issue of taxes on health insurance merits no mention from this paper. ...and more »
2010-01-25 11:13:47 -
BB&T reports earnings for fourth quarter - Daily Mail - Charleston
BB&T reports earnings for fourth quarterDaily Mail - CharlestonWe enjoyed record net revenues for 2009, driven by strong mortgage banking income of $658 million and record insurance income, which exceeded $1 billion, ...
2010-01-25 11:43:19 -
Banks loath to rewrite loans - News-Press
Kim Westenbarger wants Wachovia Bank to reduce the $189,000 balance on her rental home’s mortgage by $49,000 and give her a fixed rate. Otherwise, the Fort Myers-based mortgage broker says, she’ll be forced to let go the property because she’s ...
2010-01-25 06:10:00 -
N.Y. Housing Complex Is Turned Over to Creditors - New York Times
The decision by Tishman Speyer Properties and BlackRock Realty comes four years after the $5.4 billion purchase of the complexes’ 110 buildings and 11,227 apartments in what was the most expensive real estate deal of its kind in American history ...
2010-01-25 05:27:00