Mortgage and Financial News From 2007-11-3 Page 5
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Wisconsin soldier killed in Iraq
Minneapolis Star Tribune - NEW AUBURN, Wis. — Tracy Alger, a New Auburn native, has been killed in Iraq. Pauline Knutson says her daughter ... Think thrice 3 defendants in mortgage fraud case plead guilty Downloads by the dozen Clifford D. May: American media is mixing up good ...
2007-11-03 12:09:00 -
19-year-old inmate accused of UW-Madison threats charged with ...
Minneapolis Star Tribune - 2 St. Paul boys charged over threats at school Veterans Home residence ordered closed 3 defendants in mortgage fraud case plead guilty Missing Edina man found in Wisconsin When is a yard sale not a yard sale? MADISON, Wis. — The 19-year-old inmate ...
2007-11-03 09:45:00 -
Five indicted in mortgage fraud scheme in Cleveland, other cities (The Plain Dealer)
Five people have been charged in a mortgage fraud case that prosecutors say may mushroom to include 150 houses and $60 million in loans.
2007-11-03 02:05:18 -
Developers Plead Guilty In MN Mortgage Fraud Case (WCCO Minneapolis/St. Paul)
A longtime home builder, his wife and son-in-law have pleaded guilty for their roles in a mortgage fraud scheme that bilked lenders and others out of an estimated $50 million involving nearly 200 homes.
2007-11-03 03:54:57 -
Citigroup Doesn't Deny Prince Exit as Shares Drop 31% (Update2)
Bloomberg - ... that Chief Executive Officer Charles O. ``Chuck'' Prince III will resign, undermined by widening losses from bad mortgage ... The best way for the company to return value to shareholders is to break into three separate companies, a consumer bank, an ...
2007-11-03 11:40:00 -
Jefferson property-tax bills sent out
Louisville Courier-Journal - Jefferson County Sheriff John Aubrey's office has mailed 307,919 property-tax bills for 2007 to Jefferson County homeowners and mortgage companies. All the bills reflect property taxes owed to metro government, the state and the Jefferson County ...
2007-11-03 02:36:00 -
Grim forecast for economy, housing
Santa Rosa Press Democrat - The investment banks backing the mortgage companies had incentives to continue funding the loans because they received commissions selling the loans as mortgage-backed securities, known as collateralized debt obligations. And the rating agencies like ...
2007-11-03 09:45:00 -
Employment gains double forecast
Boston Globe - Those increases more than offset losses at factories and construction and mortgage companies - casualties of the housing and credit markets. Retailers and trucking companies also lost jobs. "There is no question that employers are more cautious as ...
2007-11-03 02:00:00 -
Prescription Drug Companies Fined (WCVB Boston)
A federal judge orders drug companies AstraZeneca and Bristol-Myers Squib to pay a combined $13.6 million in a Massachusetts case that alleged they inflated the so-called "average wholesale price" of expensive, and sometimes life-saving, drugs.
2007-11-03 05:19:39 -
Chairman and chief executive of Citigroup stepping down confirming that the mortgage bubble and scam is beyond ... (India Daily)
Things are becoming more transparent. The mortgage bubble and the scam is just beyond anything we have ever seen. Chuck Prince is planning to step down as chairman and chief executive of the banking giant.
2007-11-03 11:26:00 -
Subprime mortgage losses miniscule compared to what is cooking in the prime mortgage areas –financial meltdown ... (India Daily)
It is quiet and steady meltdown. The bubble is imploding slowly and steadily. What happened to Citi Bank, Chase, Wachovia, Merrill and others is just a tip of the iceberg. The fact is that no one knows how to price these risky mortgage securities any more.
2007-11-03 11:11:00 -
Public Wants Reform For Companies That Rated Mortgage Securities (The Tampa Tribune)
Hey, don't let off the rating companies so easily. Imagine, that's what I heard after writing a headline that said: "Let's All Blame The Rating Companies For Every Thing."
2007-11-02 09:06:33 -
SEC Investigates Merrill Lynch Deals
CBS News - (CBS/AP) The Securities and Exchange Commission is reportedly looking into the possibility that Merrill Lynch & Co., the nation's biggest broker, parked billions of its mortgage investments in off-the-books hedge funds, perhaps "to sweep problems ...
2007-11-01 05:55:00 -
Here's a story of good guys vs. bad buys
Orlando Sentinel - He's a mortgage broker -- fairly or unfairly, the profession most likely to succeed contractors as wearers of black hats in the minds of consumers searching for scapegoats in the foreclosure epidemic. Some brokers no doubt are profiting from the ...
2007-11-03 12:56:00 -
Stocks to Bet the House On
MSN MoneyCentral - Mortgage the house on this one, folks." That was a post on the Yahoo! message boards from Aug. 10, 2006. The stock referenced ... Unless you are 100% comfortable and have read (at least twice) the margin agreement with your broker, stay away altogether ...
2007-11-03 07:44:00