Mortgage and Financial News From 2007-9-24 Page 5

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  • Brown gamble pays off as Northern Rock panic eases and shares rally

    Scotsman - Fionnuala Earley, its group economist, said the global financial crisis would exacerbate the impact of rising mortgage rates and could make the slowdown in the market worse. She now expects house-price inflation to slow to only 3 per cent next year. ...
    2007-09-24 08:41:00
  • Fitch Rates $774MM STARM Mortgage Loan Trust 2007-4

    Forbes - The 'AAA' rating on the senior certificates reflects the 6.00% subordination provided by the 3.08% class M, the 0.57% class B1, the 0.90% class B2, the 0.35% class B3, the 0.55% privately offered class B4, the 0.15% privately offered class B5 and the ...
    2007-09-24 09:28:00
  • Only £4.4m left to protect UK's bank deposits

    The Independent - They have warned that consumers would inevitably face sharp price rises through higher mortgage rates and lower deposit rates if they are put into operation without being properly thought through. A senior industry source said yesterday: "We accept ...
    2007-09-24 04:38:00
  • Why rate cuts won't fix the mortgage market (San Jose Mercury News)

    WHY RATE CUTS WON'T FIX THE MORTGAGE MARKET Federal Reserve lubricates credit markets The Fed's unexpected move to cut short-term interest rates by a half-point last Tuesday injected capital into the locked-up credit markets and should ease rates on adjustable-rate mortgages.
    2007-09-24 05:55:03
  • Fitch Rates $774MM STARM Mortgage Loan Trust 2007-4 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates STARM Mortgage Loan Trust series 2007-4 residential mortgage pass-through certificates as follows: $826,124,200 classes 1A1, 1A2, 2A1, 2A2, 2A3, 2X, 3A1, 3A2, 4A1, 4A2, R and RC, ,'AAA'; $23,942,000 class M, 'AA+'; $4,431,000 class B1, 'AA'; $6,996,000 class B2, 'A'; $2,721,000 class B3, 'BBB'; $4,275,000 privately offered class B4, 'BB'; and $1,166,000 privately offered ...
    2007-09-24 09:27:00
  • One Woman's World

    American Reporter - Not only do these product representatives incur my wrath I also resent the mortgage hucksters who want to reduce what I pay ... In earlier years, fraud was evidenced by the number of dead people's names appearing on the lists of registered voters ...
    2007-09-24 07:51:00
  • Omaha-based mortgage company says allegations are unfair and wrong

    Omaha World-Herald - An Omaha-based mortgage company plans to fight state allegations of misconduct and will try to keep its state mortgage banking ... Among the charges were conspiracy, mail fraud and money laundering. They were sentenced to 45 months in prison and, after ...
    2007-09-24 09:14:00
  • Fraud found during probe of 'free lunch' seminars

    AZCentral.com - ... pitches masquerading as educational sessions, pervasive misleading claims for unsuitable financial products, and even fraud ... pitches for people to retire early and cash out their 401(k) accounts under an IRS rule; sales of collateralized mortgage ...
    2007-09-24 08:38:00
  • Beautiful Miss Idaho in LCHS Parade

    Spokane Spokesman-Review - 2. I'm glad he's being held accountable for his acts of fraud 3. I tend to believe the charges but I want to hear more before deciding 4. I have no idea – this kind of thing turns me off to politics 5. They all do it – why is DeLay getting singled out
    2007-09-24 04:59:00
  • SEC charges former NFL player Jones with securities law violation

    KXAN - Jones and four others were indicted in June over an alleged mortgage fraud scheme in Texas. On the Net: Securities and Exchange Commission: http://www.sec.gov Copyright 2007 The Associated Press. All rights reserved. This material may not be published ...
    2007-09-24 12:49:00
  • Appraisals top sales prices

    Seattle Times - When mortgage fraud and concessions get built into" local recorded sales prices and tax assessments, he suggests, those inflated values "become the new comparables" that appraisers use. In effect, hard-bargaining buyers today may be squeezing some of ...
    2007-09-21 05:53:00
  • SEC charges former NFL player Jones with securities violation

    Houston Chronicle - ... who lives in Missouri City, Texas, is not represented by an attorney in the case, according to the SEC. He could not be located for comment. Jones and four other individuals were indicted in June on federal charges of participating in a mortgage fraud ...
    2007-09-24 02:22:00
  • 2 Plead Guilty To $17.7 Million In Mortgage Fraud

    News4Jax.com - JACKSONVILLE, Fla. -- Two men accused of obtaining about $17.7 million in fraudulent mortgage loans have pleaded guilty to federal charges of conspiracy to commit wire and bank fraud, according to the U.S. Attorney's Office. Justin D. Barker, 31, and ...
    2007-09-24 02:36:00
  • Of 6 in scam, one goes free

    St. Petersburg Times - TAMPA - The judge's message was clear: If Amy Hudd Paukner had stood trial with co-workers charged with running a massive mortgage fraud scheme, she would be in federal prison now like the rest of them. "I think you deserve to go to jail, quite ...
    2007-09-24 09:03:00
  • Mortgage scam threatens 200 homes with foreclosure (Pioneer Press)

    An unnamed builder is believed to be at the center of a widespread south metro mortgage scam. Two men already have pleaded guilty. Dream homes, lost dreams
    2007-09-24 10:11:48