Mortgage and Financial News From 2008-7-17 Page 7
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Mortgage brokers banned - yorkshirepost
TWO mortgage brokers have been banned from practising by the Financial Services Authority (FSA) for "failing to meet standards of competence and capability". The FSA found Derick Whewall and Alan Hewitt, Wakefield-based partners at The Mortgage ...
2008-07-16 11:18:00 -
What's a lawyer worth? - Boston Globe
So what's a reasonable range of fees to pay for a real estate attorney? That's what one reader, who is buying a South End condo, wanted to know. She received quotes of $950 for the sale of a condo, $400 for a purchase agreement, and $600 for the ...
2008-07-17 12:04:00 -
Friends of Fannie and Freddie - Washington Post
As financial storm signals appeared the past 18 months, some Bush officials urged drastic reform of Fannie Mae and Freddie Mac . But, according to internal government sources, Treasury Secretary Henry Paulson objected because it would look "too ...
2008-07-16 09:02:00 -
Fannie, Freddie spent millions on lobbying - Forbes
For years, mortgage giants Fannie Mae and Freddie Mac tenaciously worked to nurture, and then protect, their financial empires by invoking the political sacred cow of homeownership and fielding an army of lobbyists, power brokers and political ...
2008-07-17 10:17:00 -
Mortgage fraud trips up accused torturer - St. Petersburg Times
Just as the gangster Al Capone was finally brought down on tax charges, one of Haiti's most notorious death squad leaders looks like he's headed to prison for mortgage fraud of all things. Emmanuel "Toto" Constant's trial this week in New York caps a ...
2008-07-16 03:37:00 -
Yorkville woman indicted in mortgage fraud - Beacon News
WHEATON — A DuPage County grand jury has returned a seven count indictment of fraud and forgery against a Yorkville woman for her business practices as a mortgage broker. Prosecutors say Kelli R. Wilson, 25, coerced a married couple through her ...
2008-07-17 09:56:00 -
IndyMac Is Included In FBI Fraud Inquiry - Wall Street Journal
WASHINGTON -- Failed lender IndyMac Bank is among nearly two dozen banks under scrutiny by the Federal Bureau of Investigation for possible mortgage fraud, U.S. officials said. The big Pasadena, Calif., bank was seized by regulators last week, the ...
2008-07-17 09:56:00 -
North Huntingdon man charged in $1 million mortgage scheme (Pittsburgh Tribune-Review)
Federal prosecutors today filed mail fraud charges against a North Huntingdon man accused of devising a scam that netted nearly $1 million from mortgage lending companies.
2008-07-17 10:32:53 -
Software Maker Takes Aim at Credit Score Fraud (San Diego Business Journal)
Cogent Road, a San Diego maker of software for the mortgage industry, launched an automated fraud detection tool to help lenders see if a borrower’s credit score is being artificially inflated, the company said July 16.
2008-07-17 10:52:23 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
Home starts still weak despite surprising jump WASHINGTON - Housing starts took a surprising jump in June, the government reported on Thursday, but only because of a change in New York's building code that briefly obscured a drop in single-family home building. Total starts rose 9.1 percent in June but would have dropped 4 percent except for the actions of New York City ...
2008-07-17 11:24:41 -
Reports: IndyMac being investigated by FBI (Atlanta Business Chronicle)
IndyMac Bancorp Inc. is now the subject of an investigation by the Federal Bureau of Investigations, according to media reports Thursday.
2008-07-17 11:40:46 -
FBI probes IndyMac Bancorp (Argus Observer)
WASHINGTON — The FBI is investigating failed bank IndyMac Bancorp Inc. for possible fraud, an official said Wednesday of the government’s latest target following the collapse of the nation’s subprime mortgage market.
2008-07-17 11:45:35 -
Professor explores social behavior and business misdeeds (PhysOrg)
(PhysOrg.com) -- Corporate misconduct can be the stuff of high drama. But prevailing theory has it that "settling up," the process of meting out consequences for corporate misdeeds, is largely determined by quite rational, unbiased financial markets and often the legal system.
2008-07-17 11:47:43 -
Depositing IndyMac Checks No Easy Task (WCVB Boston)
Some IndyMac customers are having trouble depositing the bank's checks at other institutions.
2008-07-17 11:56:25 -
JB Hi-Fi still rates a buy, analysts say - News.com.au
WHILE some discretionary retail stocks have taken a hammering this year, electronic goods retailer JB Hi-Fi has been able to maintain a "buy" recommendation from a major investment house. Deutsche Bank analyst Kristan Walker has set a 12-month price ...
2008-07-17 07:11:00