Mortgage and Financial News From 2008-7-3 Page 11
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Fla. AG says Countrywide deceived borrowers - CNN Money
NEW YORK (Associated Press) - Florida's attorney general alleged Tuesday that Countrywide Financial Corp., the nation's largest mortgage lender, engaged in deceptive practices that left borrowers in the state with mortgages they couldn't afford ...
2008-07-01 12:38:00 -
British central bank says loan conditions tighten (Boston Globe)
Mortgages will be harder to get in the third quarter as lenders continue to tighten requirements, the Bank of England said Thursday, while the government reported a sharp fall in construction orders.
2008-07-03 06:41:07 -
Why Longer Fixed Rate Mortgages Make Sense (The Motley Fool)
If you're remortgaging now, which deal should you go for next and for how long?
2008-07-03 06:46:19 -
Woolly risk analysis is hastening a housing crash (Silicon.com)
Comment: Lenders need a sane approach to avert a crisis
2008-07-03 06:53:45 -
China's ICBC H1 surges more than half, risks lurk (Reuters via Yahoo! Philippines News)
(Adds details, analysts comment)
2008-07-03 07:06:34 -
Mortgages: Borrowers offered rate rise protection (Guardian Unlimited)
Policy pays out if Bank of England base rate rises above agreed level
2008-07-03 07:30:40 -
June 19, 2008 (The Champion Newspaper)
Of the seven charged, two were from DeKalb – Lovie Hobbs a/k/a Lovie Hobbs Hagwood , 47, of Lithonia, and Marcus Vickers , 35, of Ellenwood. Others allegedly involved in the scheme to defraud banks were Dossey Richards , 36; Montra McKenzie , 29; Cyrus Davis , 42; Michelle Davila , 35, all of Atlanta, and Rayshuan Harmon , 27, of East Point.
2008-07-03 07:32:39 -
Credit Freeze Can Freeze Out Identity Thieves (GFN)
Rob is, by his own description, a cautious gay man when it comes to his personal data. An avid news hound, the West Hollywood resident was well aware of the dangers of identity theft, even knew that theft of personal data was way up from last year, when it was mentioned to him for this story.
2008-07-03 07:41:25 -
Governor, legislators agree on law to ease home foreclosure mess (The Buffalo News)
ALBANY -- Gov. David A. Paterson and lawmakers have reached agreement on measures aimed at helping people at risk of losing their homes because of the subprime mortgage debacle.
2008-07-03 07:43:34 -
Nationwide launches 48-strong broker sales force (Money Marketing Online)
Nationwide has launched a 48-strong broker sales force in a bid to show its commitment to the intermediary market. ...
2008-07-03 07:48:16 -
UBS May Post Writedowns, Raise Cash, Citigroup Says (Update3) - Bloomberg
July 3 (Bloomberg) -- UBS AG may post $6.9 billion of additional writedowns and seek to raise more capital, Citigroup Inc. said, a day after Chairman Peter Kurer told a newspaper the largest Swiss bank won't need more funds. The Zurich-based company ...
2008-07-03 05:33:00 -
Deutsche Bank's Jain Says Crisis `By No Means Over' (Update1) - Bloomberg
July 3 (Bloomberg) -- Anshu Jain , head of global markets at Deutsche Bank AG , said the contagion triggered by the U.S. subprime mortgage collapse has erased more than a fifth of the banking industry's value and is ``by no means over.'' Jain, at a ...
2008-07-03 05:40:00 -
Mortgage drought to tighten over debt fears - Times Online
Banks and building societies are set to further tighten the screws on borrowers as a Bank of England survey revealed a growing reluctance to lend and surprise at the rising rate of customers defaulting on home loan payments. The Bank's survey on ...
2008-07-03 04:29:00 -
Pete Dye's Design, and Record $235 Green Fee, Comes to New York (Bloomberg.com)
July 3 (Bloomberg) -- Golf-course architect Pete Dye has brought his Hall-of-Fame touch to New York for the first time, along with a state-record $235 green fee.
2008-07-03 05:34:39 -
A look at moderates who are still persuadable (Minneapolis-St. Paul Star Tribune)
A recent AP-Yahoo News poll shows that 15 percent of the electorate — people who call themselves moderates and aren't solidly supporting a candidate — make up the persuadable middle. More than half are independents and, judging by history, many probably don't vote party line.
2008-07-03 05:40:04