Mortgage and Financial News From 2008-5-9 Page 3
Previous Day: 2008-05-08
Return to the mortgage news archive home.
-
After Bear catharsis, MBS a win for investors - Reuters
NEW YORK (Reuters) - The $4.5 trillion market for the most basic mortgage-backed securities that spread destruction across Wall Street in March has turned into the best place for a bond investor to be. Mortgage bonds issued and guaranteed by Fannie ...
2008-05-09 01:48:00 -
No silver lining for first-time buyers - Times Online
The repossession statistics make alarming reading — until, that is, you consider the nature of these numbers. In the first three months of this year, there were 27,530 repossession orders, which are not the same as actual repossessions. These ...
2008-05-09 02:02:00 -
Current Independent Financial Advisers Market Assessment - Forbes
Research and Markets (http://www.researchandmarkets.com/reports/c91383) has announced the addition of "Independent Financial Advisers Market Assessment 2008" to their offering Between 2003 and 2007 the profession of independent financial advisers ...
2008-05-09 06:31:00 -
Aid for struggling borrowers - BBC News
The number of homeowners facing court action after failing to keep up with mortgage payments is up in England and Wales, says the Ministry of Justice. The number of mortgage possession claims - the first stage of the repossession process - rose 16 ...
2008-05-09 02:31:00 -
Biggest rise in home repossession threats since 1991 - Guardian Unlimited
The number of people threatened with repossession after failing to keep up mortgage payments has risen by 16% over the past year in another sign of the crisis in the property market. It is the biggest increase in repossession claims since the ...
2008-05-09 03:57:00 -
Mortgage repossession orders up 17% - Western Telegraph
Lenders have come under pressure to do more for struggling homeowners after the number of people threatened with losing their homes rose to its highest level for 16 years. Government data showed a total of 27,530 mortgage repossession orders were ...
2008-05-09 12:29:00 -
Home repossessions to double this year for mortgage defaulters - Times Online
The number of people who are losing their homes because they cannot meet rising mortgage bills is set to double this year, experts said yesterday. Dearer mortgage costs in the log-jammed home loans market were blamed for a rise of almost 20 per cent ...
2008-05-09 02:38:00 -
Credit Suisse Depicted As Fraud-Case Victim - Wall Street Journal
In a case that puts a Wall Street firm in the shoes of the victim, a former principal at a New York City lender has been charged with fraud for an alleged scheme to sell to investment bank Credit Suisse nonperforming mortgage loans using falsified ...
2008-05-09 10:13:00 -
Mortgage case brings woman 18-year term - Orlando Sentinel
ORANGE COUNTY - A Central Florida woman has been sentenced to 18 years in prison for her role in mortgage-fraud schemes that authorities say also involved her husband, daughter and another person. An Orange County jury in April found Patricia C ...
2008-05-09 06:02:00 -
Ex-Mortgage Lender Principals Are Charged in Mortgage Fraud - Wall Street Journal
NEW YORK -- Two former principals at a Brooklyn mortgage lender have been charged with fraud in two separate schemes to steal more than $44 million in payoff proceeds from refinanced mortgages and to sell nonperforming mortgage loans using falsified ...
2008-05-08 07:51:00 -
State Senate OKs bill to fund real estate fraud units - Los Angeles Times
SACRAMENTO -- Alarmed that real estate fraud is contributing to California's mortgage foreclosure crisis, the state Senate voted Thursday to allow counties to increase fees for filing property purchase documents to beef up fraud investigation units ...
2008-05-08 11:57:00 -
Assured Guaranty Sets Aside Reserves for Mortgages (Update2) - Bloomberg
May 9 (Bloomberg) -- Assured Guaranty Ltd. , whose second- biggest shareholder is Wilbur Ross , increased reserves for bonds backed by Countrywide Financial Corp. mortgages. The company, one of two bond insurers to retain stable AAA credit ratings ...
2008-05-09 10:20:00 -
AIG Woes Could Spell Trouble for CEO - Street.Com
For Marty Sullivan, CEO of American International Group AIG , the honeymoon ended in February. Now, a divorce could be in the offing. Sullivan got a break from AIG shareholders after he replaced the legendary Maurice "Hank" Greenberg at the helm of ...
2008-05-09 11:25:00 -
Chairman Bernanke Speaks On Mortgage Delinquencies And Foreclosures - Insurance News Net
NEW YORK, May 5 -- The chairman of the Federal Reserve Bank issued the text of the following speech: Chairman Ben S. Bernanke At the Columbia Business School's 32nd Annual Dinner, New York, New York Mortgage Delinquencies and Foreclosures President ...
2008-05-09 11:25:00 -
AIG sees no signs of mortgage asset market rebound yet - MSN MoneyCentral
NEW YORK (Reuters) - American International Group , after disappointing with a worse-than-expected loss on Thursday, did little to buoy investor spirits on Friday, telling shareholders it does not yet see signs of a rebound in the market for mortgage ...
2008-05-09 11:39:00