Mortgage and Financial News From 2007-11-30 Page 6

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  • Past holiday weekend proved safe for drivers

    Minneapolis Star Tribune - FBI names 2 in latest mortgage fraud case More day-care programs going beyond holding pattern for kids Ramsey Co. jail death prods decision to add nurse Minnesota security contractor killed in Iraq St. Thomas strengthens its policy on hate speech T ...
    2007-11-27 03:55:00

  • 4 Indicted in Ky. Election Fraud Case

    San Francisco Gate - Eastern Kentucky has had a history of federal election fraud investigations. The previous Knott County judge-executive ... Jesus loves 'His Dark Materials' Shrill Bible-thumpers boycott 'The Golden... Enticing deals in the mortgage crisis often are ...
    2007-11-30 01:21:00

  • Man guilty of using stolen goods for renos

    Edmonton Journal - EDMONTON - Alleged mortgage fraud kingpin Gohar Pervez was convicted this afternoon on 19 counts of possession of stolen property for using windows and furnaces stolen from new home construction sites to renovate inner-city homes. The stolen property ...
    2007-11-30 03:23:00

  • Double-digit price drops in some metro areas

    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 finalist ...
    2007-11-30 03:30:00

  • Lack of funds stalling probes into mortgage fraud around Arizona

    Arizona Daily Star - PHOENIX — At least 40 investigations of mortgage fraud and other illegal lending practices in Arizona are stalled because of a funding shortage. The Arizona Department of Financial Institutions has only two consumer investigators to keep up with ...
    2007-11-30 10:44:00

  • Lack of funds stalling probes into mortgage fraud around Arizona (Arizona Daily Star)

    PHOENIX — At least 40 investigations of mortgage fraud and other illegal lending practices in Arizona are stalled because of a funding shortage.
    2007-11-30 10:46:55

  • UPDATE 3-US housing-related spreads tighten after plan

    Reuters - Last: NEW YORK, Nov 30 (Reuters) - Credit protection costs fell sharply on housing- and mortgage-related companies on Friday following news that the U.S. Treasury is close to announcing a plan to freeze payments for troubled subprime borrowers. The ...
    2007-11-30 11:19:00

  • Tech drag hits Dow, Nasdaq extend drop

    Reuters India - NEW YORK (Reuters) - The Dow turned negative and the Nasdaq extended losses as a slide in technology shares offset a rise in the stocks of financial services companies. The Dow Jones industrial average was down 7.81 points, or 0.06 percent, at 13,303 ...
    2007-11-30 01:14:00

  • Ambac, Brink's, Dell, Freddie Mac: U.S. Equity Movers Final

    Bloomberg - Shares of companies that insure mortgage-related securities rose too. MBIA Inc. (MBI US) added 19 percent to $36.51. Ambac Financial Group Inc. (ABK US) rose 16 percent to $27.23. Homebuilders also climbed. Standard Pacific Corp. (SPF US ...
    2007-11-30 01:57:00

  • Freezing Mortgage Rates Is Not the Answer

    Motley Fool - While mortgage companies were slightly more restrictive than that, they were still loosey-goosey with their money and put all manner of people into homes they couldn't afford. People who shouldn't have qualified for a mortgage got their keys to a ...
    2007-11-30 09:32:00

  • UPDATE 4-US Treasury near deal to aid struggling homeowners

    Reuters - ... can ease, then maybe we're out of the woods and a lot of the write-downs are probably over," said David Goerz, chief investment officer at High Mark Capital Management in San Francisco. Shares of lenders and other mortgage-related companies surged ...
    2007-11-30 02:54:00

  • Afternoon Fade Can't Stop Winning Streak

    Forbes - The nation's largest home lender, Countrywide Financial (nyse: CFC - news - people ) shot up 17.1% on news of the possible federal bailout, while government-sponsored mortgage companies Freddie Mac (nyse: FRE - news - ...
    2007-11-30 02:04:00

  • Subprime Reform Plan Is Just Another Teaser

    Street.Com - On the surface, this plan seems to favor the irresponsible mortgage companies who made these foolish loans and to be less interested in keeping families in homes. In a perfect world, the alliance would choose exactly what loans to freeze, and that ...
    2007-11-30 08:56:00

  • US STOCKS-Dow, S&P up on Fed, mortgage plan; Nasdaq dips

    Reuters - ... Inc's (DELL.O: Quote , Profile , Research ) disappointing outlook dragged on the Nasdaq. A report that the U.S. Treasury will soon unveil a plan to help stem the subprime mortgage crisis also buoyed sentiment, with shares of mortgage-related companies ...
    2007-11-30 03:23:00

  • Market in Store for Choppy '07 Finish

    Forbes - Wall Street, battered the first three weeks of November, must contend with the still-unfolding turmoil in the mortgage and credit markets that has pummeled banks, mortgage companies and investment houses. "The biggest fear is not knowing what the ...
    2007-11-30 02:26:00

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