Mortgage and Financial News From 2008-3-14 Page 5

Previous Day: 2008-03-13

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• Countrywide Foreclosure Rate Climbs

  Smart Money - Meanwhile, the Federal Bureau of Investigation is reportedly investigating the company for possible securities fraud, probing whether company officials made misrepresentations about Countrywide's financial position and the quality of its mortgage ...
  2008-03-13 06:20:00

• French Police Questioning Bank Worker

  Times Daily - On Tuesday, the bank said it had completed a rights issue of 5.5 billion euros to bolster its capital, which had been depleted by 2.6 billion euros of losses in the American mortgage securities market, as well as the trading fraud.
  2008-03-13 02:38:00

• Waiting for the Subprime Lawsuits

  BusinessWeek - Last year, as the mortgage market crumbled, a number of major law firms formed subprime-litigation SWAT teams, ready to tackle ... Supreme Court decisions have raised the bar for proving securities fraud and made it next to impossible for investors to ...
  2008-03-12 09:37:00

• How many MORE lovers did 'suicide' police chief have?

  Daily Mail - Less than six months on, Laura Nagulapalli was arrested and subsequently convicted of fraud. Shortly before joining the police, it emerged, she had obtained more than £1,000 from an insurance company - to cover the cost of her mortgage payments ...
  2008-03-14 03:23:00

• Consumers should avoid time tricks by advertisers

  Denver Post - If you are buying a house, you will find helpful information on DORA's home page regarding mortgage fraud page. The important thing to remember is there are organizations whose sole purpose in life is to help you become an informed consumer to make ...
  2008-03-11 05:57:00

• Builder vows to ask Attorney-General for help in fighting NAB

  News.com.au - Mr Zollo has filed a private criminal prosecution in the Adelaide Magistrates Court, accusing the bank and Mr Argus of conspiracy and fraud. He claims he took out a $150,000 mortgage insurance policy with the NAB in 1987.
  2008-03-12 08:26:00

• U.S. bank rescues, failures in last century

  Guardian Unlimited - Roosevelt also created the Federal Housing Administration to stabilize the housing market and help stem mortgage failures. ... bad oil and gas exploration loans purchased from the failed Penn Square Bank of Oklahoma, which resulted in criminal fraud ...
  2008-03-14 03:59:00

• The Root of the Economic Crisis: Dishonesty

  OpEdNews.com - The economic problem is really a crisis of dishonesty. The problem is that our system is built on a house of cards, divorced from what is true, what is tangible and what is real. What do I mean? Well, according to the FBI, mortgage fraud is the ...
  2008-03-12 10:46:00

• New regulations target risky mortgage practices

  Los Angeles Times - Mortgage brokers will be held to strong national licensing and enforcement standards. There will be stricter safeguards against fraud, and full and clear disclosure to borrowers about home loan terms, including long-term affordability," Paulson said.
  2008-03-13 07:46:00

• Politics behind scandal?

  Houston Chronicle - In this era of scant resources and a mountain of mortgage fraud perpetrated by bankers, the feds have time to investigate some New York sleazebags for what is generally considered a misdemeanor.
  2008-03-11 05:57:00

• Minnesota falls in mortgage fraud rank

  Minneapolis-St Paul Business Journal - Time-share development set for Nisswa [Mpls./St. Paul] Records from two banks stolen [Mpls./St. Paul] Pacific Life Insurance fined by Minnesota [Los Angeles] California falls to No. 4 in mortgage fraud [East Bay] MARI: Georgia still a hot spot for ...
  2008-03-14 03:08:00

• Bad Credit Unsecured Loans - Cash for Everyone

  Best Syndication - Also, you may face difficulties in getting a lender if you don't possess any collateral to mortgage against the loan. ... Shain Johnson is a regular contributor to finance related websites, which provides information and advice on any type of ...
  2008-03-14 01:14:00

• How do we make extension pay for itself?

  This is Money - Take advice from a solicitor on this. If the flat is not yet built you can't get a mortgage on it, so you would need to raise money on the existing house, then mortgage the flat once it is built, to get the money back.
  2008-03-12 05:55:00

• Mortgages: Will Paulson's Plan Fix the Mess?

  BusinessWeek - Many U.S. mortgage lenders and home builders have already been brought to their knees as contagion from the subprime meltdown ... But some analysts believe the advice comes after most home lenders, burned by the knock-on effects of the subprime debacle ...
  2008-03-13 03:24:00

• Q&A, NOW

  Washington Post - Mortgage + nanny will eat about 65% of our take-home pay. (3) Any advice on tools to help track the monthly budget? I've thought of getting Microsoft Money, QuickBooks or something like that, but would love thoughts/advice on what would be the best ...
  2008-03-13 09:33:00

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