Mortgage and Financial News From 2007-10-24 Page 12

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  • Costello helpless on rates

    News.com.au - The Treasurer said "there were no grounds" for the banks to raise the variable mortgage rates ahead of an RBA rate rise. "They have a big deposit book and have not had an increase in official interest rates," he said. "But in the business lending ...
    2007-10-24 07:56:00

  • Despite rate plunge, mortgage applications little changed

    USA Today - NEW YORK (Reuters) — Mortgage applications barely advanced last week even as interest rates sank to their lowest levels since May, an industry group said Wednesday, largely reflecting the increasing difficulty borrowers face to obtain a loan as ...
    2007-10-24 07:05:00

  • Banks shouldn't raise rates: Costello (Parkes Champion-Post)

    Banks have no justification for raising interest rates because of the US sub-prime mortgage crisis, Treasurer Peter Costello says. With a federal election in less than five weeks and an interest rate rise perhaps a fortnight away, Mr Costello put lenders on notice.
    2007-10-24 12:09:39

  • Higher incomes cushioning mortgage debt (RTÉ News)

    Research from IIB Bank has found that despite higher interest rates there has been no great worsening in Irish consumers' debt, with higher incomes and mortgage interest relief taking the sting out of steeper loan payments.
    2007-10-24 06:29:06

  • News: Mortgage Rates Baffle Brits (Fool.co.uk via Yahoo! UK & Ireland Finance)

    Nearly three quarters of mortgage holders are unaware of the financial implications of interest rate rises on their payments.
    2007-10-24 04:55:38

  • Mortgage applications edge higher, rates plunge (Washington Post)

    NEW YORK (Reuters) - Mortgage applications barely advanced last week even as interest rates sank to their lowest levels since May, an industry group said on Wednesday, largely reflecting the increasing difficulty borrowers face to obtain a loan as banks tighten lending standards.
    2007-10-24 04:23:59

  • Who's to blame for foreclosure crisis?

    Palm Beach Interactive - Michael Sichenzia has a problem. The former mortgage whiz who spent time in New York state's prison for mortgage fraud knows that bad home loans claimed some victims and fattened bank accounts for others. But telling them apart isn't easy. "The thing ...
    2007-10-20 05:54:00

  • Judge nominee goes before Senate committee

    Cincinnati Post - He has prosecuted mortgage, bank and election fraud. He also served on former Attorney General Alberto Gonzales' advisory committee. Before that, he worked as an assistant U.S. attorney for the District of Columbia and spent time at the Williams ...
    2007-10-24 10:26:00

  • Vindu's View: Countrywide's new mortgage rate cuts set fairer tone

    Los Angeles Daily News - Countrywide Financial, the nation's largest mortgage lender, said Tuesday that it will refinance or cut the rates on $16 ... That's sad, but basically fair. (Cases of outright fraud should be prosecuted, of course.) But seizing the homes of people ...
    2007-10-24 11:02:00

  • Shields' Trial Expected To Get Underway

    KCTV 5 - KANSAS CITY, Mo. -- The mortgage-fraud case against former Jackson County Executive Katheryn Shields was expected to get underway in federal court Monday. Shields, her husband and two other people face charges of conspiracy and wire fraud in the ...
    2007-10-22 11:11:00

  • No reason for mortgage surprises

    AZCentral.com - The article on people who were "surprised" by their loan terms only after they closed made me wonder ("Lies, greed, fraud, foreclosure," Sunday): Do any of these "victims" have any responsibility for their own actions? There definitely are crooked ...
    2007-10-23 10:23:00

  • Eagan / Builder charged in loan scheme

    Pioneer Press - The U.S. attorney's office has linked an Eagan homebuilder to an elaborate mortgage fraud scheme, but the charges make no mention of the $100 million in loans the government previously alleged had changed hands. Michael and Ardith Parish, their son ...
    2007-10-23 10:16:00

  • Titan Lenders Corp Adds Docu Prep As Preferred Vendor

    Forbes - Titan Lenders Corp., a mortgage back office fulfillment services provider specializing in closing, funding, and post closing ... to Kladde, lenders outsourcing their back office operations to Titan Lenders Corp. have multiple document system, fraud ...
    2007-10-24 09:00:00

  • Developer Parish is charged

    Minneapolis Star Tribune - Developer Parish is charged In rubble and garbage, Burnsville sees a gem City liquor stores doing brisk business Preservation pays off in two metro counties Fellowship off the field An alleged mortgage fraud conspiracy that pocked some southern Twin ...
    2007-10-21 05:53:00

  • Shields’ brother says she was victim of federal “political ...

    Kansas City Star - WASHINGTON | Katheryn Shields said the U.S. attorney’s office was playing politics when she was charged with mortgage fraud a day before she announced her candidacy for Kansas City mayor. Now her brother says she was just one of hundreds of ...
    2007-10-22 05:59:00

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