Mortgage and Financial News From 2008-5-5 Page 2
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Repossessions set to soar to highest level for 17 years - The Independent
The number of properties being repossessed has soared as the effects of the credit crunch push court orders from banks and building societies to record highs, figures will show this week. The tally of 95,374 repossession orders during 2007 was the ...
2008-05-05 05:42:00 -
BANKS’ MORTGAGE ‘RATIONING’ TO HIT FIRST-TIME BUYERS - Daily Express
TENS of thousands of would-be home owners face “mortgage rationing” which will keep them off the property ladder, a top economist warned yesterday. Former Bank of England policy maker Professor Stephen Nickell said a “loan strike” from ...
2008-05-05 03:54:00 -
Good advice is priceless - News.com.au
HIGHER interest rates will not have a big long term impact on people who take active steps to pay off their home loan faster, according to mortgage elimination specialist Your Focus.
2008-05-05 01:14:00 -
Smart solutions for your troubling debt problems - MSNBC
Need advice about paying off your debts? TODAY financial editor Jean Chatzky gives answers to the most common consumer debt questions. A: Whether or not it makes sense to refinance depends on her interest rate now. Bankrate.com has a nice tool on ...
2008-05-05 04:59:00 -
How to Guard Against Foreclosure - Street.Com
Homeowners who are concerned about the risk of foreclosure may have more options than they realize. The current rash of foreclosures (up 5% from February to March 2008, and 57% from March 2007 to March 2008, according to RealtyTrac.com ) is largely ...
2008-05-05 11:15:00 -
Defendants plead guilty in Cleveland mortgage fraud case - WKYC
CLEVELAND -- Cuyahoga County Prosecutor Bill Mason announced Monday that 8 of 10 defendants pled guilty in the first case brought to trial by the Cuyahoga County Mortgage Fraud-Predatory Lending Task Force. According to the Mason's office, on July 31 ...
2008-05-05 09:35:00 -
LandAmerica Fraud Detection Program Helps Agent Partners Safeguard ... - Forbes
RICHMOND, Va., May 5 /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. (NYSE: LFG) is making its Fraud Detection Program, which helps the company's Agent Partners safeguard their business revenues and avoid potentially costly fraud claims ...
2008-05-05 11:01:00 -
Talks afoot about deal - TradingMarkets.com
-- Triad Guaranty Inc. said yesterday that it has entered into exclusive negotiations with a New York private-equity group with the goal of forming a new mortgage-insurance company. Such a deal with Lightyear Capital LLC would affect the local work ...
2008-05-05 09:20:00 -
Mass. upholds ruling to halt Fremont foreclosures - Reuters
BOSTON, May 5 (Reuters) - A Massachusetts court has upheld an injunction to force cash-strapped mortgage lender Fremont General Corp FMNT.PK to halt all foreclosures in the state to give local authorities time to review each mortgage. Fremont ...
2008-05-05 02:50:00 -
Bernanke Urges Government, Companies to Avert More Foreclosures - Bloomberg
May 5 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke , seeking to end the worst housing slump in 25 years, urged the government and mortgage lenders to intensify their efforts to avoid home foreclosures. Bernanke, in a speech in New York ...
2008-05-05 05:34:00 -
Broadcast Information for Genworth Financial Annual Meeting of ... - MSN MoneyCentral
The broadcast will be accessible via telephone only. The dial-in number for the event is 877-627-6511 or 719-325-4905 (outside the U.S.), confirmation code: 8166141. A replay of the broadcast will be available until May 27, 2008 at 888-203-1112 or ...
2008-05-05 02:57:00 -
Rate rises will help earnings - St George - News.com.au
ST GEORGE Bank chief executive Paul Fegan said completed capital raisings, internal rate rises and a less volatile stock market should bode well for its attempt to improve the bank's earnings growth in the second half. St George today revised its ...
2008-05-05 04:44:00 -
Fannie Mae financing program aims to help hurricane victims - New Orleans Times-Picayune
Mortgage giant Fannie Mae has developed a program to help stymied hurricane victims who could not cobble together quite enough money from insurance proceeds, Road Home grants or personal savings to rebuild their damaged home. To prevent such owners ...
2008-05-05 05:20:00 -
Low cost insurance can deliver big financial risks - Owen Sound Sun Times
You get the offers by mail and phone or at your bank when you apply for a mortgage: "low-cost" insurance that will protect your loved ones by paying off credit card balances or your mortgage when you die. But is that insurance really all that cheap ...
2008-05-02 02:46:00 -
Feds investigate state investment pool (The Palm Beach Post)
State investments downgraded during the subprime mortgage meltdown have been targeted in a federal probe.
2008-05-05 04:55:09