Mortgage and Financial News From 2008-2-10 Page 53

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  • Dow limps to week's end as inflation worries surge (Denver Post)

    U.S. stocks on Friday skidded to weekly losses as the price of oil and other commodities soared, sparking concern about inflation and an already slowing economy, with only the technology-driven Nasdaq Composite eking out a daily gain.
    2008-02-10 12:43:11

  • Aussie ARM can pay off (Denver Post)

    Adjustable-rate mortgages are often blamed for contributing to the nation's housing crisis. Too many borrowers used ARMs to buy more property than they could afford, particularly in the subprime segment of the market.
    2008-02-10 12:43:31

  • Mortgage-related funds could be sending bond values south (San Diego Union-Tribune)

    Take a look at your bond mutual funds. Do they make you feel cozy – insulated from the mortgage mess? Looks may be deceiving, and mutual fund regulators at the Securities and Exchange Commission are concerned that you might not be holding the mild-mannered investments that you think you are.
    2008-02-10 12:44:12

  • Court limits fees charged with mortgage (The Morning Call)

    | Just about anybody who bought a home or took out a mortgage in the past five years has run into them in some form: mysterious fees from realty brokers, lenders, builders and title agents -- admin, processing, doc-prep, and regulatory compliance among some of the opaque names -- that lumped $200 to $500 extra onto the consumer's bottom line at settlement.
    2008-02-10 12:46:25

  • Court battles continue over mysterious add-on 'junk' fees (Baltimore Sun)

    Kenneth Harney -- Nation's Housing Just about anybody who bought a home or took out a mortgage in the past five years has run into them in some form: mysterious fees from realty brokers, lenders, builders and title agents -- admin, processing, doc-prep and regulatory compliance among some of the opaque names -- that lumped $200 to $500 extra onto the consumer's bottom line at settlement. ...
    2008-02-10 12:50:03

  • Quick sales; questionable profits

    Waterbury Republican-American - Ralph Roberts, a Michigan-based researcher who has written several books about mortgage fraud and lectures nationally on the subject, said flipping schemes typically involve a quick turnaround, and the initial seller usually doesn't invest his own ...
    2008-02-09 11:10:00

  • Couple indicted on state fraud charges

    Palestine Herald-Press - A Navarro County grand jury handed down indictments against three individuals Thursday, in connection with what prosecutors are calling “an organized mortgage fraud scheme.” Lynn Marriott, 54, and Kandace Y. Marriott, 51, both of Gun Barrel City ...
    2008-02-09 05:55:00

  • Anti-smoking rules move into rentals

    Chicago Tribune - If the housing industry was slow in 2007, mortgage fraud wasn't. Last year, about $4 billion in mortgage fraud was identified nationwide by FraudBlogger.com, an index published by MortgageDaily.com, an online trade journal. That's up from about $1.6 ...
    2008-02-09 11:53:00

  • The week in words

    St. Petersburg Times - Michelle Paedae , a real estate agent, on the actions of several local real estate agents that some have described as mortgage fraud. "A tragedy had to happen in order for him to get any kind of real help." Michelle Fenters , on her sonBrad Fenters was ...
    2008-02-09 09:08:00

  • For Floridians, enough may finally be enough Growth

    St. Petersburg Times - Beset by water shortages and a sputtering real estate industry, the state's residents discovered that much of the booming growth of recent years was based on speculation and mortgage fraud, not actual need. New subdivisions are filled with empty ...
    2008-02-09 09:01:00

  • 2 Berks County couples sue mortgage broker accused of fraud - Carlisle Sentinel

    2 Berks County couples sue mortgage broker accused of fraudCarlisle Sentinel, PA - 16 hours agoTwo Berks County couples have sued a mortgage broker awaiting sentencing on fraud charges. Prosecutors say Wesley Snyder ran a Ponzi scheme that defrauded ...
    2008-02-09 07:52:57

  • THREATENED WITH FORECLOSURE AGAIN AFTER DECLARING BANKRUPTCY JUST ... - AHRC News Services

    THREATENED WITH FORECLOSURE AGAIN AFTER DECLARING BANKRUPTCY JUST ...AHRC News Services, CA - 6 hours agoIf we don't pay, they claim they can take our home (extortion) so this would be double charges (fraud), because we are expected to pay the HOA and yet pay ...
    2008-02-09 06:00:36

  • Dorchester’s Hendry Street center of Hub’s mortgage crisis - Boston Herald

    Dorchester’s Hendry Street center of Hub’s mortgage crisisBoston Herald, United States - 3 hours agoThere looks like there is investor fraud,” said Bill Cotter, deputy director of homebuyer services at the Department of Neighborhood Development. ...
    2008-02-09 09:13:16

  • The week in words - St. Petersburg Times

    The week in wordsSt. Petersburg Times, FL - 2 hours agoMichelle Paedae, a real estate agent, on the actions of several local real estate agents that some have described as mortgage fraud. ...
    2008-02-09 10:08:34

  • For Floridians, enough may finally be enough Growth - St. Petersburg Times

    For Floridians, enough may finally be enough GrowthSt. Petersburg Times, FL - 2 hours ago... the state's residents discovered that much of the booming growth of recent years was based on speculation and mortgage fraud, not actual need. ...
    2008-02-09 10:10:37

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