Mortgage and Financial News From 2007-10-12 Page 9

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  • Mortgage rates rise across the board

    San Diego Union-Tribune - Rates on 30-year, fixed-rate mortgages rose to 6.40 percent this week from 6.37 percent last week, Freddie Mac reported in its nationwide survey. A year ago, 30-year mortgages also stood at 6.37 percent. Rates on 15-year fixed-rate mortgages rose to ...
    2007-10-12 01:22:00

  • National Bank Adjusts its Mortgage Rates

    Market Wire - National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in ...
    2007-10-12 11:09:00

  • Mortgage rates edge up amid jobs growth (Honolulu Advertiser)

    Rates on 30-year mortgages edged up slightly this week following a better-than-expected report on job growth.
    2007-10-12 05:48:15

  • Mortgage rates move up on jobs report (Moldova.org)

    Revised September employment figures triggered an upward move of mortgage rates, Freddie Mac said in its weekly report Thursday. The 30-year fixed-rate mortgage this week averaged 6.40 percent with an average 0.4 point, up from last week’s 6.37. The 15-year FRM averaged 6.06 percent with an average 0.5 point, up from last week’s 6.03 percent. Five-year Treasury-indexed hybrid adjustable-rate ...
    2007-10-12 04:29:16

  • Bear Bets Wrong

    BusinessWeek - ... themselves with the implicit backing of Bear Stearns and played up the fact that they were run by its experts in mortgage ... Valuation fraud is one of the touchstones of hedge fund fraud," says Scott Berman, a New York securities attorney who has ...
    2007-10-12 10:26:00

  • CM Development head says loan document was falsified

    Norfolk Virginian-Pilot - Torjesen, a Los Angeles lawyer who specializes in mortgage fraud, said banks often require 10 to 20 percent down before they’ll make a loan. “It’s very common for them to insist that the buyer put in money themselves,” he said. “If they ...
    2007-10-11 09:54:00

  • Cunningham coconspirator says contractor dreaded Cunningham meals

    KESQ News - Prosecutors say Wilkes allegedly paid $625,000 toward the disgraced former congressman's houseboat and a mortgage on his Rancho Santa Fe mansion. Wilkes is charged with 14 counts of conspiracy, bribery, fraud and money laundering. If convicted, he ...
    2007-10-12 11:59:00

  • Dave Fox Talks About The Mortgage Scandal

    KUTV - Dave Fox, one of three men charged with mortgage-related fraud, said in an interview broadcast Thursday night that he is sorry for getting involved in the situation and that he is desperate to return to work. Mark Koelbel reports
    2007-10-11 09:11:00

  • Fraud suspect arrested

    Athens Banner-Herald - The former Athens businessman at the center of a massive mortgage fraud investigation was arrested Wednesday for allegedly trashing his house in west Athens just days before the bank was to auction it off. Brian Christopher Dupree, 36, was arrested ...
    2007-10-10 05:59:00

  • Fitch Downgrades Beazer's IDR to 'BB-'; Remains on Rating Watch ...

    Forbes - ... of providing reimbursement of losses arising from mortgage defaults in circumstances wherein the company's FHA-insured mortgage origination activities would have violated standard representation made to mortgage purchasers. In the event of fraud or ...
    2007-10-12 08:38:00

  • Waterford Man Faces Charges in Predatory Lending Scheme

    New London Day - Jose Guzman, who is being sued by the Connecticut Attorney General’s office for mortgage fraud, was arrested late Thursday night at his home at 28 Braman Road in Waterford, according to an FBI spokeswoman. Waterford police assisted in the arrest ...
    2007-10-12 08:10:00

  • UPDATE 1-Fitch, S&P cut Beazer deeper into junk, may cut again

    Reuters - The downgrades acknowledge significant internal and external challenges confronting Beazer's management team and the uncertain economic impact stemming from accusations of fraud in the Beazer Mortgage Co. subsidiary," S&P said in a statement. S&P ...
    2007-10-12 12:35:00

  • Dave Fox Talks About His Mortgage Fraud Charges

    KUTV - KUTV sports anchor Dave Fox talks about a mortgage fraud scandal that led to criminal charges against him. Fox apologized for getting involved in the scandal and said he hopes to regain trust from viewers. SALT LAKE CITY - Fraud in the mortgage ...
    2007-10-11 10:09:00

  • Interthinx ® Acquires NIA Consulting

    Market Wire - AGOURA HILLS, CA--(Marketwire - October 12, 2007) - Interthinx®, a unit of ISO, and the leading provider of proven risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry, announced the acquisition of ...
    2007-10-12 11:59:00

  • KUTV's Fox apologizes for mortgage fraud, will return as sports anchor

    Salt Lake Tribune - Posted: 7:15 AM- KUTV sports anchor Dave Fox - one of three people charged in a mortgage fraud case -- is speaking out. KUTV reports today that Fox, along with Mark Atkin and Verrell Clark Blaisdell, was charged in September with communications fraud ...
    2007-10-12 06:30:00

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