Mortgage and Financial News From 2008-2-21 Page 21
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Northern Rock borrowers told to go away
Daily Telegraph - Melanie Bien, director of mortgage broker Savills Private Finance, said: "Northern Rock is encouraging existing clients to go elsewhere. We have had them come to us, saying that for people at the end of their deals they do not want the business any ...
2008-02-19 06:05:00 -
New loan rates up in the air for those trying to refinance
San Francisco Gate - And there's no guarantee they would qualify for one, says their mortgage broker, Scott Webster of Marin Financial Group. "We can't pin our hopes on this," Webster says he told them.
2008-02-16 03:59:00 -
Hanson guilty on all counts
Beacon News - At the time of the Sept. 29, 2005, murders, Hanson had only earned $8,300 that year at his mortgage broker job but had wracked up more than $170,000 on fraudulent credit cards he opened in his parents' names.
2008-02-21 01:56:00 -
Targeting subprime woes
Herald Tribune - That is what Munnerlyn's mortgage broker told him he could do when he refinanced his house to do the addition. Only it did not work out that way.
2008-02-21 01:27:00 -
Ex-broker convicted in loan fraud case
Indianapolis Star - Officials say Keigley, whose broker's license was revoked in 2004, ran afoul of Indiana law because he failed to disclose he was not a licensed loan broker and misled a seller and other real estate professionals about which mortgage company was ...
2008-02-20 01:21:00 -
08-26 Former Geelong mortgage broker jailed
ASIC - Mr Ronald William Wynhoven, 51, of Teesdale, Victoria was yesterday jailed after being found guilty of five counts of attempting to obtain a financial advantage by deception and three counts of obtaining a financial advantage by deception. The ...
2008-02-19 10:22:00 -
SEC wants broker to pay $6.9M for fraud
Miami Herald - The Securities and Exchange Commission is asking a federal judge to order Hillsboro Beach securities broker Jamie Solow to ... scheme in which he racked up huge commissions selling complex investments known as inverse floating collateralized mortgage ...
2008-02-20 11:54:00 -
New Sunday school lesson: Subprime mess
New York Daily News - Homeowner Ray Dawkins said he refinanced his multifamily Canarsie home in 2006 through a mortgage broker - only to watch the $3,600 a month he was paying shoot up to $5,800 - and the payment is expected to rise again within months.
2008-02-20 11:04:00 -
Naperville man guilty of killing 4 relatives
Chicago Tribune - Hanson, 31, a self-employed mortgage broker of Naperville , was expressionless when Judge Robert Anderson announced the jury's verdict shortly before 9 p.m.
2008-02-20 11:54:00 -
Mortgage costs to rise, A&L warns, as shares hit all-time low (Guardian Unlimited)
Credit crunch forces Alliance & Leicester to turn its back on the mortgage market
2008-02-21 01:25:37 -
Fed's arsenal to help economy limited (The Tuscaloosa News)
The Federal Reserve, for all its power, faces tough new limits on its ability to keep the economy out of a recession.Even though the Fed slashed short-term interest rates twice in January, home mortgage rates have edged up steadily and credit for businesses is as tight as it was when financial markets seized up last August.
2008-02-21 01:31:45 -
Core inflation gathering steam (Toronto Star)
WASHINGTON–A steady rise in U.S. consumer prices in January pointed to persistent inflation pressures despite fresh signs yesterday that the declining housing sector remains a drag on the economy.
2008-02-21 01:38:51 -
Attempt to push mortgage rates down may not help here (New York Daily News)
The piece of the government?s economic stimulus plan aimed at bolstering the housing market may not be much help in New York and other markets where homes cost more.
2008-02-21 01:53:01 -
Gas pump shocker (Calgary Sun)
It's a scary thought, but Bay Street guru Jeff Rubin may be right. Gas will hit $1.50 a litre, and this week's hosing at the pumps is just the start of what's to come.
2008-02-21 01:57:52 -
ANZ Chief Says Credit Pressure Not Over (AP via Yahoo! Finance)
The difficulty of obtaining credit and its high cost will adversely affect banks and businesses for some time, the chief executive of Australia & New Zealand Banking Group said Thursday.
2008-02-21 01:58:59