Mortgage and Financial News From 2008-4-25 Page 9
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Silver Update (GoldSeek.com)
Why Not Let Markets Set Prices? By: Peter Schiff, Euro Pacific Capital, Inc.
2008-04-25 10:35:44 -
Mortgage scammers get prison time for $37 million fraud - Palm Beach Interactive
They say you need an insider to pull off a mortgage scam. Federal prosecutors say today that three lending-industry insiders were sentenced to prison for running a $37 million mortgage scam. Richard Crowder is a former mortgage broker who owned ...
2008-04-24 03:03:00 -
CrossCheck Compliance Adds BasePoint FraudMark(R) Score to Reinvent ... - Forbes
BasePoint Analytics(TM), a leading provider of scientific fraud analytics and consulting services, today announced that CrossCheck Compliance has selected BasePoint's FraudMark(R) solution as a core component in their new approach to due diligence ...
2008-04-24 09:26:00 -
Feds charge three Boca-area men in subprime mortgage scheme - Palm Beach Interactive
Three suburban Boca Raton businesspeople got about $6 million in loan proceeds by misrepresenting their earnings and deposits, the U.S. Attorney's Office charged this afternoon. Berry Louidort, Lauren Jasky, and Ralph Michel were arrested today on ...
2008-04-23 05:34:00 -
East Bay women face mortgage fraud charges - Contra Costa Times
Homeowners thought they were getting help. Facing foreclosure, they welcomed the note in the mail or the phone call from a Livermore business saying it could stall the process — for a fee. "The process had already begun ... we were kind of ...
2008-04-23 08:37:00 -
Two more plead guilty in mortgage-fraud scheme - Columbus Dispatch
Four of eight people charged in a local mortgage-fraud scheme that victimized hundreds of families have pleaded guilty. The latest two came today from Joseph Lieberman and George Jordan in front of U.S. District Judge Algenon L. Marbley. In court ...
2008-04-24 05:19:00 -
Mortgage Rules To Get Tougher Under United Guaranty - All Headline News
Washington, DC (AHN) - United Guaranty is set to impose tighter mortgage rules next week ranging from asking for higher down-payments to a no loans policy for areas classified as a declining real estate market. Mortgage insurer United Guaranty, a ...
2008-04-25 07:52:00 -
MB Financial 1Q earnings plummet on rising loss provision - MSN MoneyCentral
CHICAGO (AP) - MB Financial Inc., the parent of MB Financial Bank, said Friday its first-quarter earnings fell 68 percent due to a sharp increase in bad debt tied to fraud. Net income for the quarter end March 31 dropped to $5.8 million, or 17 cents ...
2008-04-25 05:36:00 -
Debtors feeling the heat setting homes, cars on fire (The Nashua Telegraph)
Some folks celebrate their last home mortgage payment by setting fire to their loan agreement. Lately, people behind on their mortgages are simply setting fire to their homes. ... - By KEN BENSINGER Los Angeles Times
2008-04-25 05:23:16 -
ChoicePoint(R) Reports First Quarter 2008 Results (PR Newswire via Yahoo! Finance)
For the first quarter of 2008, ChoicePoint Inc. reported consolidated service revenue from continuing operations of $252.9 million, compared to $239.6 million for the first quarter of 2007.
2008-04-25 05:55:00 -
A Letter You Never Want to Receive (US News & World Report)
Ex-LendingTree employees may have shared "confidential passwords" with mortgage lenders.
2008-04-25 07:05:56 -
Banking and Financial (Mondaq)
The problems that began in the subprime mortgage market have expanded exponentially and caused large losses throughout the financial services industry.
2008-04-25 07:22:12 -
FOOD PRICES drove (Financial Mail)
members of Cosatu to the streets this week. Cosatu was also protesting against the high price of fuel and Eskom's decision to hike electricity prices by more than 60%, despite rolling power outages.
2008-04-25 07:23:39 -
Zaio CEO Provides Mortgage Crisis Expertise in New Book (Centre Daily Times)
Zaio Inc., the US Subsidiary of Zaio Corporation (TSX-V:ZAO), has contributed expert insight in a new book entitled: The Subprime Crisis - Perspectives and Legal Insights on the Subprime Lending Crisis published by Thomson West. The primary audience for the book is attorneys, regulators, policy makers, and financial services related CEOs and executives.
2008-04-25 07:54:27 -
Nomura Swings to Quarterly Loss On Bond-Insurance Exposure - Wall Street Journal
TOKYO -- Nomura Holdings Inc. said Friday it booked a ¥153.85 billion ($1.47 billion) net loss in the January-March quarter as global financial market distress inflated its losses from its monoline exposure and commercial mortgage-backed securities ...
2008-04-25 04:10:00