Mortgage and Financial News From 2008-5-23 Page 01
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U.S. mortgage rates declined last week - United Press International
WASHINGTON, May 22 (UPI) -- Interest rates for 30-year, fixed-rate mortgages declined slightly in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday. The average 30-year fixed interest rate was 5.98 percent with an ...
2008-05-22 07:34:00 -
Illinois Mortgage Rates Blog Offers Information for Chicago Area Home ... - PR.com
Illinois Mortgage Rates and News blog offers up to date information on mortgages and real estate in the Chicago area. Having credible information upfront takes the mystery out of the mortgage process so home buyers can make better informed decisions ...
2008-05-21 11:49:00 -
Concerns grow European ABS market dependent on ECB - Forbes
LONDON, May 22 (Reuters) - Concerns are growing that the European Central Bank has created a prop allowing mortgage securitisation to continue after the credit crisis decimated the market, support that it will have to withdraw sooner or later. The ...
2008-05-22 04:35:00 -
You'll Find Bargains in Housing, but Not Yet - Street.Com
Not yet. Not yet for housing. Miserable numbers. Numbers that will most likely cause more people to pause their buying despite the low mortgage rates and the pick-anything-you-want house. We are getting prices falling at a clip where you are going to ...
2008-05-23 08:45:00 -
Mining sector eclipses finance - News.com.au
AUSTRALIA'S booming resource sector is now kingpin of the share market. For the first time in 21 years, its combined value is greater than the perpetually prosperous finance sector. The value of mining stocks in the S&P/ASX 300 - companies still ...
2008-05-23 04:44:00 -
Help for mortgage holders in trouble - USA Today
In and around Gilbert, Ariz., the mortgage crisis has hit hard. New homes sit abandoned to foreclosures, their windows broken and yards overgrown. Deede Wockenfuss, with Assist-2-Sell, a realty brokerage, sees the fallout up close. She lives near ...
2008-05-22 05:00:00 -
Offset Mortgage Centre Release a New Guide to Compare Flexible ... - WebWire
The Offset Mortgage Centre, offset and flexible mortgage experts, has released a new guide elaborating upon the relevant features of various mortgage concepts, which will assist those seeking professional mortgage comparison services. The guide is in ...
2008-05-23 08:52:00 -
FSA fines three mortgage brokers for poor sales procedures - Insurance Business Review
The FSA has fined Mohammad Rana, registered as countrywide management consultancy and trading as property compass countrywide GBP14,700, Peter Scott trading as the mortgage house GBP11,900, and Chariot Mortgage Services GBP10,500. All three mortgage ...
2008-05-23 05:27:00 -
AMI says independent mortgage advice could save consumers GBP1,830 pa - Insurance Business Review
Research showed an average annual saving achieved from purchasing via an adviser to be GBP962 per annum. With just under 1.36 million intermediary mortgage sales in the 2006/07 financial year, the savings achieved by intermediaries for their clients ...
2008-05-23 05:27:00 -
Pa. sues mortgage broker and eight others over alleged fraud - Delaware Online
HARRISBURG — Pennsylvania Attorney General Tom Corbett filed a lawsuit today seeking restitution for hundreds of homeowners who said they were victimized by the owner of a defunct mortgage company who was convicted of fraud. The civil lawsuit ...
2008-05-23 01:24:00 -
FBI: Corporate, mortgage fraudsters actively threaten your financial ... - Network World Fusion
While the Federal Bureau of Investigation can claim success against all manner of fraud in the US , the number of cases and the shear volume of lost money is obviously a tidal wave that is only barely held back. The FBI issued its annual Financial ...
2008-05-23 04:41:00 -
Man sentenced in mortgage fraud - Pittsburgh Post-Gazette
A Butler County man will spend 41 months in federal prison for a mortgage fraud scheme that cost lenders $3 million and saw him evade capital gains taxes on $800,000 he got from selling some properties. Forty-three-year-old Scott Winovich, of Mars ...
2008-05-23 06:57:00 -
This American Life, $1,000 bottles of Mortgage Bubbly - BusinessWeek
The public radio show This American Life had a great program on the housing bust on Sunday. It was called the Giant Pool of Money and it detailed how Wall Street’s search for higher yields translated into the foreclosure crisis the country is ...
2008-05-23 10:39:00 -
Fraud Cases Surge - Washington Post
The housing market slump translated into brisk business last year for mortgage scammers and the federal agents who pursue them, with the FBI winning 206 convictions, recovering nearly $22 million and still chasing a growing number of securities and ...
2008-05-23 10:54:00 -
More Than the Mortgage: Don't Forget Other Home Costs - Street.Com
Many first-time homeowners are familiar with expenses such as closing costs and mortgage payments. But when deciding just how much house they can afford, many consumers don't take into account the hidden costs of owning their home. By failing to ...
2008-05-22 06:59:00