Mortgage and Financial News From 2007-10-24 Page 13

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  • Ex-attorney general says Democrats were targets

    Los Angeles Times - Carr said that the study alleging partisan bias was flawed, and that its main author also had a conflict of interest because his sister is a former Democratic official under indictment for mortgage fraud. "Your testimony . . . is the most pathetic ...
    2007-10-24 02:33:00

  • True severity of local housing slowdown still up for debate

    Houston Chronicle - A credit crunch, rising foreclosures and mortgage fraud are affecting national and local housing markets. "It's that price range in the $100,000s that's been hit hardest," said Karen Derr of Karen Derr & Associates Realty. Indeed, since sales started ...
    2007-10-24 04:21:00

  • Cardarella did not object to home’s inflated price, co-defendant ...

    Kansas City Star - Michael Rodd said he met with Cardarella and Raymond Zwego, who arranged the deal and also has pleaded guilty in the mortgage fraud conspiracy. Cardarella and his wife, former Jackson County Executive Katheryn Shields, are on trial in federal court ...
    2007-10-24 03:38:00

  • Wayne County news briefs

    Detroit Free Press - A former bank manager was sentenced Tuesday to 2 years in prison and ordered to pay $3.9 million in restitution for her role in a mortgage fraud scheme. U.S. District Judge Denise Page Hood also sentenced Deborah Lazenby, 49, of Canton to 5 years of ...
    2007-10-24 12:03:00

  • Developers expected to plead guilty in morgage fraud case (Post-Bulletin)

    MINNEAPOLIS -- A longtime home builder, his wife and son-in-law are preparing to plead guilty for their roles in an alleged mortgage fraud scheme that prosecutors say bilked lenders and others out of an estimated $50 millio
    2007-10-23 03:14:49

  • Mortgage Fraud Scheme (WBTV Charlotte)

    Hundreds of people in the Charlotte area are financially ruined because they were victims of a mortgage fraud scheme operated by a local promoter.
    2007-10-23 03:27:15

  • Witness details alleged mortgage fraud during Katheryn Shields' trial (The Kansas City Star)

    Day one of testimony in the Katheryn Shields mortgage-fraud trial brought the first of seven convicted co-defendants to the stand Tuesday to explain how the alleged scheme operated.
    2007-10-24 12:05:43

  • Research In Motion Tops Royal Bank in Market Value (Update1)

    Bloomberg - It has fallen 3.7 percent this year to a market value of C$67.6 billion amid concern that financial companies will be hurt by the fallout from rising mortgage delinquencies in the U.S. Research In Motion, based in Waterloo, Ontario, had ...
    2007-10-24 08:10:00

  • Mortgages cause $7.9B write-down, loss at Merrill Lynch

    USA Today - Calendar: What companies are reporting today? Can't find your company?: Put the name or ticker symbol of any company in any ... Chief Executive Stan O'Neal said the company continues to face uncertainty regarding the impact of its mortgage-related ...
    2007-10-24 04:57:00

  • Sector Roundup: Web Companies, Retailers

    MSN MoneyCentral - NEW YORK (AP) -- Shares of major Internet companies declined Wednesday, with Amazon.com Inc. falling as some analysts worried ... NEW YORK (AP) -- Shares of home lenders plunged Wednesday after Merrill Lynch & Co. reported its portfolio of mortgage debt ...
    2007-10-24 11:45:00

  • Dow off 160 points as mortgage industry woes deepen

    Detroit News - Dow off 160 points as mortgage industry woes deepen Associated Press NEW YORK -- Wall Street pulled back today, sending the Dow ... The biggest loser among the 30 Dow companies was Nasdaq-traded Intel Corp., which suffered a blow after several chip ...
    2007-10-24 11:37:00

  • Tax Bills Are in the Mail

    Tyler Morning Telegraph - So far we’ve mailed out the personal property tax statements, the real property, mineral accounts, agents and duplicate agents,” Barber says. “We haven’t sent out mortgage companies yet.” Also, property owners in the Lindale school district ...
    2007-10-24 10:04:00

  • Biggest US lender cuts sub-prime loan costs

    The Australian - US mortgage companies have been overwhelmed by large numbers of home buyers needing to renegotiate their loans to avoid default, as servicers say costs have increased dramatically. The result is that few sub-prime mortgages are being renegotiated ...
    2007-10-24 08:03:00

  • Countrywide to work with critic on mortgage modifications

    San Francisco Gate - ... Financial Corp. is working with an activist group that had been strongly critical of the nation's largest mortgage lender. ... Moody's Investors Service recently surveyed 16 companies that service mortgages, such as billing, which account for 80 ...
    2007-10-24 12:06:00

  • Ambac Posts First Loss as Subprime Bond Prices Drop (Update5)

    Bloomberg - Moody's Investors Service and Standard & Poor's are under scrutiny by regulators and lawmakers for giving high credit ratings to subprime mortgage securities that subsequently tumbled in value. Some investors have said the companies also failed to ...
    2007-10-24 11:37:00

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