Mortgage and Financial News From 2007-9-21 Page 7

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  • Mortgage rates inch higher

    San Diego Union-Tribune - Rates on 30-year mortgages, after dropping to their lowest point in four months, edged up this week. Freddie Mac reported in its nationwide survey that 30-year, fixed-rate mortgages rose to 6.34 percent this week from last week's 6.31 percent, which ...
    2007-09-21 06:04:00

  • Mortgage Giants Aim to Reduce 'Jumbo' Rates

    Street.Com - While the Fed can cut only short-term interest rates, the two government-sponsored enterprises provide cheap, long-term financing for homeowners by purchasing their mortgages from banks. The loans are then repackaged and resold to investors. But the ...
    2007-09-21 11:19:00

  • Alliance & Leicester increase mortgage rates (Channel 4)

    Alliance & Leicester has become the latest high street bank to increase mortgage rates. This comes after rival competitior Abbey became the first UK bank to raise its mortgage rates as a direct result of the continuing turmoil in the global credit markets.
    2007-09-21 03:46:23

  • Alliance & Leicester hike some of its mortgage rates as a result of global credit market crisis (Evening Standard)

    Alliance & Leicester today became the latest lender to increase some of its mortgage rates as a result of the turmoil in global credit markets.
    2007-09-21 07:10:34

  • Fed's cut won't affect mortgage rates directly (The Nashua Telegraph)

    Yes, the Federal Reserve cut short-term rates. No, that doesn't mean that mortgage rates will inevitably go down, especially in the short term. ...
    2007-09-21 04:41:36

  • Markets have overreacted to mortgage mess: CIBC

    Ottawa Citizen - Also, these mortgages show a significant increase in mortgage fraud. "Based on recent estimates, as much as 70 per cent of early payment defaults may be linked to misrepresentation of the original loan application," said Mr. Tal. "This is a clear ...
    2007-09-21 12:06:00

  • 'No snitch' T-shirts get unwelcome response

    Minneapolis Star Tribune - 'No snitch' T-shirts get unwelcome response Former fugitive Weaver wins a new murder trial Three are charged in home-resale case Ohio woman says she lent her name to mortgage fraud Man, 26, charged in rape of 12-year-old girl The $15 T-shirts hung ...
    2007-09-19 05:55:00

  • Man, 26, charged in rape of 12-year-old girl

    Minneapolis Star Tribune - 'No snitch' T-shirts get unwelcome response Former fugitive Weaver wins a new murder trial Three are charged in home-resale case Ohio woman says she lent her name to mortgage fraud Man, 26, charged in rape of 12-year-old girl A 26-year-old ...
    2007-09-19 05:55:00

  • Three are charged in home-resale case

    Minneapolis Star Tribune - 'No snitch' T-shirts get unwelcome response Former fugitive Weaver wins a new murder trial Three are charged in home-resale case Ohio woman says she lent her name to mortgage fraud Man, 26, charged in rape of 12-year-old girl Former Greenwood Mayor ...
    2007-09-19 05:55:00

  • Man fatally stabbed in south Minneapolis

    Minneapolis Star Tribune - 'No snitch' T-shirts get unwelcome response Former fugitive Weaver wins a new murder trial Three are charged in home-resale case Ohio woman says she lent her name to mortgage fraud Man, 26, charged in rape of 12-year-old girl A domestic argument ...
    2007-09-19 05:55:00

  • National fraud article has local mortgage industry talking

    Enid News & Eagle - From phony appraisals to consumer lies about income and employment, mortgage fraud is on the rise in the United States. There are numerous schemes and purposeful misrepresentations used by buyers, sellers, mortgage brokers, real estate agents ...
    2007-09-20 09:15:00

  • 3 in LaBeet case denied release from jail

    Miami Herald - A state prosecutor said authorities are looking into whether the three are involved in dog-fighting and mortgage fraud -- allegations their lawyer denied. For now, the trio is charged with accessory after the fact for harboring LaBeet during part of ...
    2007-09-21 05:21:00

  • Ohio woman says she lent her name to mortgage fraud

    Minneapolis Star Tribune - 'No snitch' T-shirts get unwelcome response Former fugitive Weaver wins a new murder trial Three are charged in home-resale case Ohio woman says she lent her name to mortgage fraud Man, 26, charged in rape of 12-year-old girl A stay-at-home mom from ...
    2007-09-19 05:55:00

  • Rocky Market Making You Queasy? Try Some Southern Comfort

    BusinessWeek - In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, “option ARM” mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. Hot Property was a ...
    2007-09-21 01:00:00

  • Should we revive a Depression-era bailout organization?

    BusinessWeek - In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, “option ARM” mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. Hot Property was a ...
    2007-09-21 01:00:00

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