Mortgage and Financial News From 2008-7-2 Page 11
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FBI holds 406 for mortgage fraud - Inland Newstoday
WASHINGTON--The FBI says it has arrested 406 property market players as part of a crackdown on alleged mortgage frauds worth an estimated $1bn. The arrests include housing developers, estate agents and mortgage brokers. Reported mortgage fraud has ...
2008-07-01 11:19:00 -
Free Times - Ohio's Premier News, Arts, & Entertainment Weekly (Cleveland Free Times)
Editor's Note: A former account executive for the nearly bankrupt Novastar Financial Inc. and a former mortgage broker at the now-defunct Equity Consultants, an independent mortgage brokerage firm once in Richfield, spoke to the Free Times on the condition of anonymity.
2008-07-02 04:42:31 -
Ex-broker faces sentencing in Pa. mortgage scam (Centre Daily Times)
A former mortgage broker who pleaded guilty to mail fraud in a scam that prosecutors say cheated hundreds of Pennsylvania homeowners out of millions of dollars is being sentenced Wednesday in federal court in Harrisburg.
2008-07-02 04:59:06 -
Don Spatz, 07/02/08 (Reading Eagle)
Mortgage broker Wesley Snyder, who is to be sentenced today in federal court in Harrisburg, last week wrote a letter of apology to his 800 or so victims whose bills are $25 million higher than he and his employees promised.
2008-07-02 05:17:42 -
First American CoreLogic Releases April 2008 LoanPerformance House Price Index (PR Newswire via Yahoo! Finance)
First American CoreLogic, a member of The First American Corporation family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its April 2008 LoanPerformance Home Price Index .
2008-07-02 05:32:00 -
Troubles mount for Crystal Lake surgeon (Northwest Herald)
CRYSTAL LAKE – Lynn Page-Schaedel’s instincts told her that something was wrong about a Crystal Lake plastic surgeon this spring, but she said she brushed it off as nervousness.
2008-07-02 05:49:16 -
Citibank ATM thieves broke PIN security (The Inquirer)
NOW WE KNOW WHY early this year - in the midst of the banking liquidity crisis caused by mounting downgrades of toxic over-leveraged debt based on souring subprime mortgage loans - Citibank abruptly cut its daily limit on ATM withdrawal amounts in half.
2008-07-02 06:03:18 -
Desjardins Credit Union Chooses Solidifi for Collateral Valuation and Risk Management Services (CNW Group via Yahoo! Finance)
Solidifi Inc., a leading technology-based provider of collateral valuation and risk management services, announced today that Desjardins Credit Union has chosen Solidifi as the exclusive provider for their collateral valuation and risk review requirements.
2008-07-02 06:13:00 -
Reuters Canada Business Summary (The Globe and Mail)
NEW YORK (Reuters) - Microsoft Corp is preparing a new bid for Yahoo Inc's search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's breakup, the Wall Street Journal said.
2008-07-02 06:17:31 -
Court Strips West Va. Bank Executive of Punitive Damages Award (Insurance Journal)
A West Virginia man who says his association with the failed First National Bank of Keystone cost him his banking career should be stripped of a $2.4 million damage award, a federal appeals court has
2008-07-02 06:41:56 -
Forex - Euro comes off highs against dollar on caution ahead of U.S ... - CNBC
LONDON (Thomson Financial) - The euro came off highs against the dollar on profit-taking ahead of key jobs data out of the U.S. and Thursday's interest rate decision by the European Central Bank. The euro began the day on a firm note, buoyed by hopes ...
2008-07-02 05:06:00 -
Dollar Trades Near Two-Month Low Versus Euro Before U.S. Jobs - Bloomberg
July 2 (Bloomberg) -- The dollar traded near a two-month low against the euro before an industry report that may show U.S. companies cut jobs in June, indicating the economic slowdown is deepening. The U.S. currency also weakened on speculation the ...
2008-07-02 04:01:00 -
Dollar mixed against major currencies - Forbes
The dollar was mixed against major currencies Wednesday ahead of a U.S. report on factory orders for May and a day before a decision on interest rates from the European Central Bank. In morning European trading the euro bought $1.5810, up from $1 ...
2008-07-02 04:58:00 -
ECB hike seen as done deal, markets bet on further rise - Guardian Unlimited
LONDON, July 2 (Reuters) - After talking tough on inflation for months, the European Central Bank is widely expected to match words with action on Thursday and raise interest rates and markets are already betting on at least one more rise this year ...
2008-07-02 04:37:00 -
Oil rises above $142 on supply concerns - International Herald Tribune
SINGAPORE : Oil rose more than $1 a barrel on Wednesday, within sight of Monday's record high above $143 on forecasts that global supply will lag demand and expectations the European Central Bank will raise interest rates later this week. U.S. crude ...
2008-07-01 11:36:00