Mortgage and Financial News From 2007-11-15 Page 9

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  • 30-year mortgage rates hold steady (AP via Yahoo! News)

    Rates on 30-year mortgages were unchanged this week after posting three consecutive declines.
    2007-11-15 02:09:07

  • U.S. mortgage rates show little change (UPI)

    U.S. mortgage rates, buffeted by mixed economic signals, were basically flat this week, the Freddie Mac market survey said Thursday.
    2007-11-15 09:36:04

  • 30-Year Mortgage Rates Hold Steady (AP via Yahoo! Finance)

    Rates on 30-year mortgages were unchanged this week after posting three consecutive declines. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages remained at 6.24 percent, the same as last week.
    2007-11-15 02:09:13

  • SEC OKs Rules on Small Businesses

    Forbes - Securities that repackage higher-risk asset-backed securities, such as subprime mortgage loans, wouldn't be eligible for the ... He said the $75 million public float threshold may be too low and raised concern about a possible increase in fraud in ...
    2007-11-15 02:36:00

  • Working Americans Will Continue to Lose Homes

    Forbes - WASHINGTON, Nov. 15 /PRNewswire-USNewswire/ -- Today the US House of Representatives will vote on the H.R. 3915, the Mortgage ... that having waited so long a period of time for Congress to act that the fruits of their work will limit fraud and abuse ...
    2007-11-15 11:44:00

  • Squalor, crime follow wave of foreclosures

    Lucianne.com - Eighty-five bungalows dot the cul-de-sac that joins West Ontario Avenue and East Ontario Avenue in Atlanta. Twenty-two are vacant, victims of mortgage fraud and foreclosure. Now house fires, prostitution, vandals and burglaries terrorize the ...
    2007-11-12 03:59:00

  • Bear Stearns hit by fraud charges, losses

    The Australian - BEAR Stearns, seeking to put its mortgage-trading woes behind it, faces a double dose of bad news. The Wall Street securities firm has warned investors it will take a writedown of $US1.2 billion ($1.3 billion) for the fourth quarter related to ...
    2007-11-15 06:01:00

  • Lawyers look at Juhl case in different ways

    Greeley Tribune - A theft case could become a lot more serious against a Windsor man indicted last month for mortgage fraud, if you listen to the prosecuting attorney. Or, if you listen to the defense attorney, the case could be dismissed. Dean Juhl, 61, previously ...
    2007-11-14 11:56:00

  • House Mortgage Bill Faces Tougher Future

    MSN MoneyCentral - The Washington-based National Community Reinvestment Coalition said the bill doesn't do enough to make banks that package mortgage securities -- and the institutional investors who buy them _legally responsible for fraud committed by lenders. "What's ...
    2007-11-15 03:55:00

  • FBI Arrest Columbus Man for Wire-Mail Fraud (WTVM 9 Columbus)

    Special agents arrested a man at the courthouse Thursday morning. They say 45 year-old Robin Ligon of Newnan, Georgia was arrested on multiple counts of mail and wire fraud.
    2007-11-15 01:49:17

  • Teachers guilty of school fraud (BBC News)

    A head teacher at a special needs school and his deputy are due to be sentenced for fraud offences.
    2007-11-15 06:52:06

  • House Mortgage Bill Faces Tougher Future (AP via Yahoo! Finance)

    A House bill aimed at protecting borrowers from abusive home loans faces a tougher future in the Senate amid opposition by the mortgage industry and criticism from the White House.
    2007-11-15 05:04:24

  • House clears mortgage industry reform bill (Market Watch)

    WASHINGTON (MarketWatch) -- In a response to the subprime lending meltdown, House lawmakers approved a sweeping bill on Thursday that would reform a host of mortgage industry practices.
    2007-11-15 05:33:46

  • Crime engulfs areas hit by mortgage crisis (Inside Bay Area)

    Eighty-five bungalows dot the cul-de-sac that joins West Ontario Avenue and East Ontario Avenue in Atlanta. Twenty-two are vacant, victims of mortgage fraud and foreclosure.
    2007-11-15 03:04:44

  • Wall St tumbles on housing woes

    News.com.au - But the Dow quickly gave up those gains and headed south again as components of the the index also showed employment fell and companies' forecasts for the future dimmed. Chief Executive John Stumpf of Wells Fargo & Co, the No. 2 US mortgage lender ...
    2007-11-15 01:32:00

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