Mortgage and Financial News From 2007-9-21 Page 10

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  • HSBC exits US mortgage broker business (ShareCast)

    LONDON (SHARECAST) - HSBC is to close its non-core wholesale lending channel in the US and concentrate on originating and servicing loans through its branch network.
    2007-09-21 10:06:19

  • HSBC exits US mortgage broker business (ShareCast via Yahoo! UK & Ireland Finance)

    HSBC is to close its non-core wholesale lending channel in the US and concentrate on originating and servicing loans through its branch network.
    2007-09-21 10:05:05

  • Upper St. Clair mortgage broker pleads guilty in loan scheme (Pittsburgh Post-Gazette)

    An Upper St. Clair woman who was running her own mortgage brokerage pleaded guilty yesterday to conspiracy and money laundering. Tiffany L. ...
    2007-09-20 10:21:51

  • Broker sentenced to 28 years for mortgage fraud in Atlanta (Atlanta Journal-Constitution)

    A federal judge on Friday in Atlanta sentenced Phillip E. Hill to 28 years in prison and ordered him to pay more than $41 million in restitution for a massive mortgage scheme he operated mainly in metro Atlanta during the city's real estate boom years. While operating the scheme from 2000 to 2003, Hill, of Sumatra, Fla., pocketed $14 million in profits and generated $112 million in fradulent ...
    2007-09-21 11:40:46

  • Upper St. Clair broker pleads guilty in mortgage scam (WFMJ Youngstown)

    PITTSBURGH (AP) - A Pittsburgh-area mortgage broker is guilty of faking documents and using straw purchasers to buy at least six properties. Twenty-7-year-old Tiffany Sprouts of Upper St. Clair pleaded guilty Thursday to conspiracy and money laundering in U.S. District Court.
    2007-09-21 04:52:55

  • Upper St. Clair broker pleads guilty in mortgage scam (phillyburbs.com)

    PITTSBURGH - A Pittsburgh-area mortgage broker is guilty of faking documents and using straw purchasers to buy at least six properties.
    2007-09-21 05:07:44

  • The Maestro Had a Tin Ear

    Motley Fool - Horton (NYSE: DHI ) , and mortgage lender Countrywide (NYSE: CFC ) . It's also the biggest reason why crude oil prices have hurried ... On that basis, I'll redouble my advice that Fools should tend to their portfolios by including positions in such names as ...
    2007-09-21 08:35:00

  • The Daily Politics

    New York Daily News - Mortgage Mess Not All Industry's Fault Whither Mitnick? Judicial Revolt! Gotbaum's Personal Nonprofit Having It Both Ways News Of ... Rangel's Clout Challenged Rudy Plays His Immigration Card Rivera Ready To Back Clinton (Updated) Bruno's Career Advice GOP Takes ...
    2007-09-21 03:41:00

  • Never say never. Vigilance on housing debt essential

    Sydney Morning Herald - The report recommends national regulation of credit products and advice, and the fact that this is almost universally embraced by mainstream mortgage brokers and non-bank lenders speaks volumes. The states have been promising uniform national ...
    2007-09-21 07:52:00

  • Mortgage Downturn No Problem For Google

    WebProNews - Concerns that have hammered the mortgage lending market and its ad budgets won't trickle down to Google, or what lenders spend ... For all the information as well as advice from Ramzan, tune in to WebProNews. Recent Stories: Tips For StumbleUpon Neil ...
    2007-09-21 02:51:00

  • Will we learn from mortgage crisis? Hardly

    Seattle Post Intelligencer - THE WILDFIRE that has already torched the subprime mortgage market is threatening to get out of hand, spreading to the ... Sound advice, but who's likely to listen, especially when the natural reaction is to cushion everyone -- perpetrators ...
    2007-09-18 05:57:00

  • High yield is enticing, but unsecured, unrated notes are not

    Stockhouse Canada - BOSTON (MarketWatch) -- The headlines have been filled with news of the subprime mortgage crisis, where lenders have gotten ... That's solid advice, because while there's no denying that the high rates are a successful marketing ploy, it's tough to ...
    2007-09-21 09:53:00

  • Can the UK avoid a house price crash?

    This is Money - ... House prices Homes abroad Buy to let Endowments Stamp duty Mortgage tables Mortgage finder Mortgage guides Message boards Insurance Consumer advice Broadband ... Signs of a slowdown have been on the horizon since early summer, long before 'credit crunch' and ...
    2007-09-21 08:56:00

  • Alzheimer's and bad advice cost couple their home

    Banner-Graphic - At the advice of a mortgage broker, he took out an high rate interest-only loan in Judy's name. As the Bigham's financial situation spiraled, Steve said he received a call one day from a man who said he was from a social services agency. Steve doesn ...
    2007-09-20 09:36:00

  • Hearing on Legislative and Regulatory Options Regarding Mortgage ...

    American Enterprise Institute - I propose, as I have in previous House testimony, a one-page form, "Basic Facts About Your Mortgage Loan," to do this. (The proposal also contains an attachment with brief explanations of the mortgage vocabulary and some avuncular advice for borrowers
    2007-09-21 06:47:00

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