Mortgage and Financial News From 2010-8-3 Page 01
Previous Day: 2010-08-02
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The Buzz - CharlotteObserver.com
Guess my BlackBerry and I will skip Dubai. There's a lot worse than a city full of Dems and a fawning press... I'm thinking, I'm thinking..... We need more Capt. Windys! If Sheriff Andy Taylor keeps spreading ...
2010-08-04 12:58:00 -
FHA Changes on the Horizon; Cross Selling Mortgages to Banking Clients; Failed MBS ... - MortgageNewsDaily.com
A story from the Associated Press, W.R. Starkey Mortgage agreed to a settlement with the state of North Carolina for $4.5 million that includes the resignation of chairman and CEO William Starkey Jr. Based in Plano ...
2010-08-03 06:31:00 -
Feds to mortgage banker: We want your giant bag of money - Seattle Post Intelligencer
Alleging a long-running fraud involving a cash-packed safe and a garbage bag stuffed with money, federal prosecutors have asked that a bank executive accused of fraudulently brokering mortgages be forced to ...
2010-08-01 06:55:00 -
City woman charged with $4 million fraud scheme - HometownAnnapolis.com
BALTIMORE (AP) — An Annapolis woman with several aliases is accused of scamming banks and mortgage lenders out of at least $4 million. Fifty-five-year-old Winnie Joanne Barefoot has been indicted on charges of bank ...
2010-08-03 09:44:00 -
D.C. ranks sixth in mortgage fraud risk - Washington Examiner
The District's risk of mortgage fraud is among the highest in the country, according to recent analysis from CoreLogic. D.C. ranked sixth, Maryland was 15th and Virginia was 17th at the end of last year, according to ...
2010-07-24 08:02:00 -
Texas mortgage lender pays $4.5m to settle fraud charges - CharlotteObserver.com
A Texas mortgage lender has replaced its CEO and agreed to pay $4.5 million for its role in a scheme to get North Carolina consumers into modular and manufactured home loans that they couldn't afford, state ...
2010-08-02 02:43:00 -
Judge orders sale of Red Mill Pond development
A public sale of property involved in a failed residential development at Tecumsehs Red Mill Pond was ordered Monday in Lenawee County Circuit Court. A motion asking for a $1.37 million judgment and a sale order was requested by an attorney for Ohio-based construction contractor KWest Group LLC.
2010-08-03 12:27:06 -
Danny Schechter: Happy Anniversary As Economic Collapse Turns Three
We live in the United States of Amnesia and selective memory. As we debate the breaking news, we easily forget the sequence of events that broke the bank and left us broke.
2010-08-03 01:22:04 -
Terrance Heath: Alan Greenspan -- Stopped Clock of the U.S. Economy
Even a stopped clock, the saying goes, is right twice a day. Taken figuratively, it means that even the people who have been most...
2010-08-03 01:36:58 -
Bridgepoint, Cognizant, Dow Chemical, TNS: U.S. Equity Movers
Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:45 a.m. in New York.
2010-08-03 01:44:10 -
S&P gives Moody's an investment grade rating
The Standard & Poor's ratings agency assigned Moody's Corp. an investment-grade "BBB+" credit rating Tuesday.
2010-08-03 04:07:14 -
Lebanon woman indicted on embezzlement charges
A Linn County grand jury has indicted Molly Louise Marteney of Lebanon on multiple embezzlement charges that are alleged to haveoccurred while she worked at the First Assembly of God in Lebanon .
2010-08-03 04:44:18 -
Angelo Mozilo Says SEC Admits Investors Knew Risks
Countrywide Financial Corp.s former chief executive officer, Angelo Mozilo, said the U.S. Securities and Exchange Commission now admits the home lender wasnt hiding from investors that it was originating risky mortgages.
2010-08-03 05:35:15 -
The End of Villainy
"It's the nature of the beast, is what it is," Richard D. Parsons, his voice low and calm, said on Monday evening. "It's we humans, it's how we think and act, and relate to change and newness-as opposed to real villainy." Next month, on Sept. 14, two years after Lehman Brothers filed for bankruptcy and Bank of America agreed to buy Merrill Lynch, the Citigroup chairman will be at the New School ...
2010-08-03 05:40:42 -
Countrywide settlement pays fraction to investors
The payoff doesn't come close to compensating for the money lost by investors. But it could prompt more lenders to settle legal disputes at the center of the housing bust.
2010-08-03 05:42:00