Mortgage and Financial News From 2008-1-23 Page 21

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• Harris County Prosecutors Grappling with Invalidated Indictments (FOX 26 Houston)

  Harris County prosecutors grappled Wednesday with fallout from invalidated indictments handed up by a grand jury against a Texas Supreme Court justice and more than 30 others in an unrelated mortgage fraud case.
  2008-01-23 03:45:40

• Lakeshore man who set fraudulent blaze sent to jail (Windsor Star)

  A 28-year-old Lakeshore man was sentenced Wednesday to a year in jail for burning down his home to collect the $297,000 insurance more than three years ago.
  2008-01-23 04:18:04

• Borrowers Seeking Help May Feel Lost at Sea (Washington Post)

  The rolling tsunami of home-loan delinquencies and foreclosures is exposing serious problems in the mortgage industry's capacity to quickly handle borrowers' requests for help -- whether loan modifications, rate freezes or short sales to ward off foreclosure.
  2008-01-23 04:18:39

• Boom in home sales anticipated

  Hong Kong Standard - Home vendors have good reason to believe in a property bull run comparable to the early 1990s as buying a home is now "costless," according to mortgage broker mReferral. The latest rate cut reduces mortgage repayment by HK$770 a month for every HK$2 ...
  2008-01-23 11:41:00

• First NLC Financial Services

  South Florida Business Journal - Commercial brokers betting on steady market [Houston] Brokers, lenders look to protect turf in mortgage reform [Baltimore] Banks' bad loans attract 'vultures' [Atlanta] Mortgage broker sees opportunity amid the industry slowdown [South Florida] New laws ...
  2008-01-23 07:02:00

• Neighbors sue lender over house left vacant (Minneapolis-St. Paul Star Tribune)

  A north Minneapolis neighborhood aims to hold a lender accountable for alleged careless lending with action that could break new legal ground.
  2008-01-23 06:43:06

• Mortgage Rates Fall to Lowest Since 2004 on Fed Cut (Update2)

  Bloomberg - ... record-setting years for U.S. home sales and prices, said Henry Savage, president of PMC Mortgage Corp. in Alexandria, Virginia. ``You're going to have to make copies of your pay stub and some tax documents and fax them to your broker ...
  2008-01-23 01:36:00

• Assurant Solutions appoints new COO

  Insurancetimes.co.uk - James Muller will oversee compliance, maintenance and commerical development. Assurant Solutions Intermediary, a specialist in the mortgage broker and intermediary market delivering a range of general insurance products, has appointed James Muller as ...
  2008-01-23 07:59:00

• UPDATE 1-Hudson City profit up 12 pct amid housing crisis

  Reuters - The company's commitment to single-family mortgage lending will likely result in much better earnings for 2008, as Federal Reserve interest rate cuts and the return to an upwardly sloping (U.S. Treasury) yield curve increase the spread between ...
  2008-01-23 09:54:00

• Stonegate Mortgage Corporation Hires David G. Kittle, CMB as Executive ...

  Market Wire - If you're a Mortgage Broker looking for a Net Branch model you should call us." About Stonegate Mortgage Corporation Stonegate Mortgage Corporation is a Private Mortgage Banker. As an FHA direct endorsement and correspondent lender Stonegate offers a ...
  2008-01-23 06:26:00

• McCollum proposes 'rescue foreclosure' scam legislation

  Tampa Bay Business Journal - AG proposes 'rescue foreclosure' scam legislation [South Florida] Brown & Brown stays busy in '07 [Tampa Bay] Mortgage broker sees opportunity amid the industry slowdown [South Florida] Fraud, bankruptcies ranged from boardrooms to city halls [South ...
  2008-01-23 09:11:00

• Dorchester woman's eviction called off

  Boston Globe - Melonie Griffiths-Evans defaulted on a mortgage loan arranged by a broker who has since been barred from working in Massachusetts. Facing a 9 a.m. eviction, Griffiths-Evans had refused to pack, saying that God was on her side. Her supporters were ...
  2008-01-23 12:46:00

• 'What Mortgage' publisher warns on profits

  Daily Telegraph - The group previously warned in a November trading update that uncertainty in the mortgage broker industry, coupled with advertisers' unwillingness to commit to marketing products both in print and online, may affect the group's profits. At the time ...
  2008-01-23 07:31:00

• Asia Day Ahead: AIG Bails Out $2.2 Billion SIV (Update1) - Bloomberg

  Asia Day Ahead: AIG Bails Out $2.2 Billion SIV (Update1)Bloomberg - 6 hours agoAIG follows Citigroup Inc. and HSBC Holdings Plc in financing their SIVs after the collapse of the US subprime mortgage market caused prices of their assets ...
  2008-01-23 01:23:47

• Central Jersey Bancorp Reports An 18 Percent Increase in 4th ... - CNNMoney.com

  Central Jersey Bancorp Reports An 18 Percent Increase in 4th ...CNNMoney.com - 5 hours agoThe increase in investment securities is due to purchases of mortgage-backed securities made during the year ended December 31, 2007. ...
  2008-01-23 01:41:18

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