Mortgage and Financial News From 2007-9-5 Page 17

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  • UK rates expected to stay on hold

    BBC News - The crisis in the US sub-prime mortgage sector has been caused by record levels of defaults in the face of higher American mortgage rates. This has spread to the wider global loans market as banks become far more cautious about whom they lend to. ...
    2007-09-05 04:43:00

  • U.S. MBA's Mortgage Applications Index Increased 1.3% Last Week (Bloomberg.com)

    Sept. 5 (Bloomberg) -- Mortgage applications in the U.S. rose from a one-month low last week led by a gain in refinancing. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan rose 1.3 percent last week to 622.9 from 615.2. The group's purchase index also rose.
    2007-09-05 04:18:53

  • Mortgage applications climb (CNN Money)

    Mortgage application volume increased 1.3 percent in the past week, according to a report Wednesday.
    2007-09-05 06:30:09

  • Rates talk drives dollar down (The Courier Mail)

    THE domestic currency has closed weaker after an influential analyst suggested the Reserve Bank would cut interest rates if the US loosened its monetary policy to tackle the subprime mortgage credit crunch.
    2007-09-05 12:29:00

  • Turmoil could drive rates higher (Sydney Morning Herald)

    MORTGAGE rates could rise regardless of what the Reserve Bank does, as sharply higher costs for wholesale funds eat into the profit margins of bank and non-bank lenders alike.
    2007-09-05 07:25:43

  • Mortgage applications up 1.3% last week: MBA (Market Watch)

    CHICAGO (MarketWatch) -- The number of mortgage applications filed last week ticked up a seasonally adjusted 1.3% while mortgage interest rates barely moved, the Mortgage Bankers Association said Wednesday.
    2007-09-05 04:15:22

  • Mortgage Volume Rises Slightly (AP via Yahoo! Finance)

    Mortgage application volume increased slightly during the week ending Aug. 31, as interest rates held nearly steady, industry trade group the Mortgage Bankers Association said Wednesday.
    2007-09-05 05:40:51

  • What's next in loan crisis, why victims aren't at fault

    Charlotte.com - ... whether an attorney, broker or lender to guide them through the mortgage process. ... They trusted the wrong person and got a loan unsuitable for any human being that breathes. I'm in no way defending borrowers who lie or cheat or engage in fraud ...
    2007-09-04 11:42:00

  • Business briefs, September 5

    Rocky Mountain News - Ford's sales off 14.4% in August; analysts cite mortgage mess Ford Motor Co.'s sales dropped 14.4 percent in August as the ... State in settlement with Peterson over fraud case allegations The Colorado Division of Securities entered into a settlement ...
    2007-09-04 11:07:00

  • New DA starts by remodeling

    Milwaukee Journal Sentinel - And Chisholm said the case against Lock, charged with drug-running, kidnapping and mortgage fraud, was likely to grow. State secrecy laws involving wiretap evidence are partly responsible for the withheld information, Chisholm has said - but both ...
    2007-09-03 05:53:00

  • Lex: Bankruptcy and distressed debt

    Financial Times - ... debt market at a particularly opportune time for investors hovering around the wreckage left by the subprime mortgage crisis. ... should be subordinated – in effect, rendered worthless – because Citigroup allegedly participated in Enron’s fraud ...
    2007-09-04 01:20:00

  • Investment Pitches Prey On Elderly Vulnerable Group Ensnared By ...

    Washington Post - In each of the sweeps we conducted, we found significant fraud." SEC leaders and their state counterparts will host a day ... Shortly after Stulen made the investment, his wife broke her hip, and the couple began to have trouble meeting mortgage ...
    2007-09-05 04:36:00

  • Jail threat hangs over S.Korea auto patriarch

    Boston Globe - Chung should hear on Thursday the result of his appeal against a 3-year jail sentence for fraud and embezzlement. (REUTERS ... But fierce competition and the potential fallout from the U.S. subprime mortgage sector could hit Hyundai and other local ...
    2007-09-05 02:13:00

  • LaFalce named to State Bancorp board

    Newsday - The suit was filed in protest against State Bancorp's dealings with a mortgage company that went bankrupt seven years ago amid allegations of fraud. In January, State Bancorp settled a lawsuit stemming from that relationship for $65 million. The suit ...
    2007-09-04 03:50:00

  • Fraud case turns stomach

    North County Times - Fraud case turns stomach By: PHIL STRICKLAND - The Californian Sometimes you've just gotta vent. It doesn't do any good. In ... This is not about investors trying to make a quick killing misstating income on mortgage applications or some such thing that ...
    2007-09-05 01:08:00

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