Mortgage and Financial News From 2007-10-19 Page 9
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FHA Down Payment Programs Supported by Primary Residential Mortgage ...
Forbes - ... HUD is basing their decision to eliminate the down payment assistance programs off of a black-and-white statistical scenario," says David Zitting, President and CEO of Primary Residential Mortgage, Inc. "Yes, there may be higher foreclosure rates for ...
2007-10-19 10:32:00 -
Zale Recovery Faces Key Holiday Test
Forbes - People are nervous about the job market and mortgage rates adjustments," said KeyBanc Capital Markets analyst Jeffrey Stein. That consumer sentiment hasn't helped the stock, which is trading around $23, valuing the company at $1.1 billion. Shares hit ...
2007-10-19 01:02:00 -
Living paycheck to paycheck gets harder
Houston Chronicle - Industry analysts and some economists fear the strain will get worse as people are hit with higher home heating bills this winter and mortgage rates go up. It's bad enough already for 85-year-old Dominica Hoffman. She gets $1,400 a month in pension and ...
2007-10-19 02:35:00 -
Fix Rates to Save Loans
New York Times - THERE have been many proposals to deal with the problems in the mortgage market. But the best place to begin is by looking at the poor lending standards and weak consumer protections at the root of the problem — in particular, the troubling loans ...
2007-10-19 12:26:00 -
Fitch Affirms Financial Freedom's Reverse Mortgage Servicer Rating at ...
Forbes - Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within some of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat ...
2007-10-19 01:31:00 -
U.S. mortgage rates unchanged on Friday - BestInfo
Reuters - NEW YORK, Oct 19 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points was unchanged on Friday at 6-1/2 percent, according to BestInfo Inc. The 30-year mortgage rate with one upfront point was unchanged at 6-1/4 percent. The ...
2007-10-19 12:19:00 -
U.S. mortgage rates mixed (Moldova.org)
U.S. mortgage rates are mixed in light of continued high housing inventories and slow sales, the Freddie Mac mortgage market survey said Thursday. The 30-year fixed-rate mortgage averaged 6.40 percent with an average 0.5 point this week, unchanged from last week, The 15-year fixed-rate mortgage this week averaged 6.08 percent with an average 0.6 point, up from last week’s 6.06 percent. Five-year ...
2007-10-18 10:59:03 -
Mortgage rates flat as housing slump continues (Contra Costa Times)
WASHINGTON -- Rates on 30-year mortgages were unchanged this week, as were rates on other types of mortgages. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.
2007-10-19 03:12:02 -
Chase Manhattan aided fraud, suit says
Allentown Morning Call - The Chase Manhattan Mortgage Corp. helped create and implement a promotional program for a Pocono home builder that fraudulently qualified hundreds of unwitting customers for mortgages they couldn't afford, according to new claims filed in federal ...
2007-10-19 12:16:00 -
AmeriFirst player pleads guilty to fraud
Herald Tribune - ... of AmeriFirst Funding in Texas has pleaded guilty in federal court in the Lone Star state to one count of securities fraud ... My mortgage increased due to the timing of the variable rate mortgage, which I found enticing when I bought my house. My ...
2007-10-19 01:09:00 -
The future of subprime lending
Marketwatch - ... have a policy position in this country of maintaining or further increasing homeownership rates there is going to be subprime lending," said Mark Fleming, chief economist with First American CoreLogic, a provider of mortgage-risk management and fraud ...
2007-10-19 11:22:00 -
Business Minute: Stocks sinking...crude eases a bit...hard ride for ...
Idaho8.com - This Week in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money ... Securities and Exchange Commission is sending more than $356 million in checks to "investors harmed by the financial fraud ...
2007-10-19 10:39:00 -
UPDATE 1-US SEC sends $356 mln to Fannie Mae investors
Reuters - The SEC had charged Fannie Mae with accounting fraud from 1998 through 2004 and the the largest U.S. mortgage-finance company settled in May 2006 without admitting or denying the allegations. The SEC said the checks are going to individual ...
2007-10-19 12:26:00 -
Azem limani sentenced in federal court for mortgage fraud scheme
Alaska Report - Azem Limani was sentenced in federal court to 18 months imprisonment for violations of wire fraud and engaging in monetary transactions in criminally derived property related to a mortgage fraud scheme. From a United States attorney Nelson P. Cohen ...
2007-10-19 10:10:00 -
Guilty plea in mortgage fraud case (The Kansas City Star)
A Kansas City man pleaded guilty Friday to his role in a mortgage fraud scheme that also allegedly involves a former Jackson County executive and her husband.
2007-10-19 11:43:32
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