Mortgage and Financial News From 2008-1-9 Page 7

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  • Parlez-Vous Central Banking - Commodity Online

    Parlez-Vous Central BankingCommodity Online, India - 8 minutes ago"As the ripple effects of the collapsing US subprime mortgage market caused global finance to seize up, the ECB announced it would unilaterally pump in ...
    2008-01-09 09:47:27

  • Giuliani touts cuts in taxes, spending (The Florida Times-Union)

    Former New York City Mayor Rudy Giuliani is hoping a new tax plan unveiled Wednesday in Florida will bolster the economy - as well as his struggling presidential campaign.
    2008-01-09 09:25:54

  • Banks attacked over rate rise tactics (Ararat Advertiser)

    Non-bank lender Resi Mortgage Corporation says the banks have misrepresented the true impact of the global credit crisis after a third big lender increased rates on home loans.
    2008-01-09 09:28:55

  • Councils demand more for water (The Courier Mail)

    SOUTHEAST Queensland councils will urge the State Government to raise its offer of $1.9 billion in compensation for a takeover of their water assets, claiming an $800 million shortfall.
    2008-01-09 09:30:00

  • Aussie shares weaker for 4th day on growth jitters (Reuters Finance News, Australia via Yahoo!7 Finance)

    MELBOURNE, Jan 10 (Reuters) - Australian shares dipped 0.15 percent on Thursday, posting a fourth straight day of declines, as jitters about the outlook for global growth wiped out early gains.
    2008-01-09 09:40:25

  • Keeping the Housing Slump at Bay (NYTimes.com via Yahoo! Finance)

    Not everyone has suffered from the current housing slump. Exceptions include entrepreneurs with deep experience in real estate and those who have carved out a special niche.
    2008-01-09 09:40:40

  • US recession jitters drag Europe share marts lower (Gulf Times)

    PARIS: European equities dropped yesterday to their lowest close in 1-1/2 months as worries over the prospect of a US recession rattled investors and retail shares sank after Mark and Spencer’s profit warning.
    2008-01-09 09:47:45

  • Foreclosures hit a record: Countrywide (Gulf Times)

    NEW YORK: Countrywide Financial Corp, the largest US mortgage lender, said yesterday that foreclosures and late payments rose in December to the highest on record, though it made more loans than expected in the fourth quarter.
    2008-01-09 09:48:35

  • The New Masters of the Lending Universe (The New York Sun)

    In the last few years, Wall Street has dominated the real estate lending scene, serving as the undisputed force behind several record-setting quarters of commercial transactions. Big banks like Morgan Stanley, UBS, Wachovia, Credit Suisse, and RBS Greenwich Capital provided most of the real estate capital before the recent credit crisis and market turbulence. Looking ahead, the tables have ...
    2008-01-09 09:54:11

  • State of the State: Spitzer proposes $1B fund for investing in upstate ...

    Albany Business Journal - ... repay education loans for young doctors who work in underserved areas of the state; amending state foreclosure laws to create more protections for homeowners; bolstering anti-fraud laws to enable tougher punishments for those involved in mortgage ...
    2008-01-09 01:38:00

  • Limbaugh falsely asserted that "you won't find a Senate bill with ...

    Media Matters - The STOP FRAUD Act ( S.1222 ), "to stop mortgage transactions which operate to promote fraud, risk, abuse, and under-development." The Nuclear Weapons Threat Reduction Act of 2007 ( S.1977 ), "to provide for sustained United States leadership in ...
    2008-01-09 02:21:00

  • WATCHING WALL STREET MELT DOWN

    OpEdNews.com - During that fabled year, before the mortgage fraud bubble finally burst, Countrywide issued about a fifth of U.S. home loans in terms of dollar amount. What did these storied 212 have in common? The all denied rumors of their demise as they grabbed a ...
    2008-01-09 07:33:00

  • Realtors association brings in economic development expertise

    Rockford Register-Star - In the past two years, at least five different mortgage fraud rings have been prosecuted by the U.S. Attorney’s office, showing at least a small portion of that record run was built on fraudulent deals. Bois said he hasn’t developed a plan on what ...
    2008-01-09 02:57:00

  • Foreclosures strain condo buildings

    Miami Herald - Others said widespread mortgage fraud, involving inflated appraisals and faux buyers, also led to the dizzying rise in defaults. ''These buildings are notorious because the fraud was so prevalent,'' said Lucas Lechuga, a real estate broker with EWM ...
    2008-01-09 08:59:00

  • Three arrested on mortgage fraud charges in St. Lucie

    Palm Beach Interactive - Three people who were already facing marijuana charges in connection with a wide-spread grow house ring that investigators say is linked to a Port St. Lucie-based home building company were arrested again Tuesday on mortgage fraud charges. Carmen E ...
    2008-01-09 09:49:00

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