Mortgage and Financial News From 2007-9-14 Page 8

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  • UDPATE 1-Canada's Dodge says should have raised rates hard

    Reuters - ... bank may have played a role in fomenting excesses in credit markets prior to the disruption stemming from rising defaults on payments by U.S. subprime mortgage holders. "One can see in retrospect that we should have been driving those rates harder ...
    2007-09-14 12:54:00

  • Business big shot: Angela Knight

    Times Online - We have the cheapest mortgages in the world,” she claimed this year. “Overall, consumers are getting an incredibly good result from our banks.” She has also said she enjoys a good scrap. If her members start raising mortgage rates in the wake ...
    2007-09-14 01:29:00

  • Bank rescue suggests no early election

    MSN UK News - It's obvious that there is a credit squeeze that is starting to put up mortgage rates," said John Curtice, politics professor at Strathcylde University in Scotland. "It's one of the reasons why you don't necessarily want an election too early as we ...
    2007-09-14 08:57:00

  • Scramble to quit UK mortgage lender

    Financial Times - Concern over Northern Rock and the ability of UK banks to maintain new mortgage lending at attractive rates added to concerns about the housing market and the economy in general. Under the terms of the bail-out, the Bank of England will provide an ...
    2007-09-14 12:32:00

  • CBA prepares to lift some mortgage rates

    The Australian - JUST days after ANZ raised its margin lending rate, the nation's second biggest bank yesterday revealed it was poised to lift interest rates on some of its mortgage loans. Commonwealth Bank is expected to lift its first-year fixed rate by 10 basis ...
    2007-09-14 10:45:00

  • Harris Helps Customers with Mortgage Options

    Forbes - CHICAGO, Sept. 14 /PRNewswire/ -- With U.S. Treasury Secretary Henry Paulson calling on financial institutions to work with homeowners facing higher mortgage payments as interest rates reset, Harris announced today it has advice and solutions to help ...
    2007-09-14 12:32:00

  • Northern Rocked

    BBC News - Some tracker mortgage rates have been rising, and yet, there are fixed-rate mortgages on offer now at lower rates than before. To discuss any additional changes we might expect in the mortgage industry, and further possible repercussions, we will be ...
    2007-09-14 11:06:00

  • Northern Rock Teeters

    Forbes - As housing prices stopped rising and low introductory mortgage rates ended, buyers began defaulting on their loans. Many of the loans backed bonds that were sold to investors around the world, and the result has been an avoidance of all kinds of risk ...
    2007-09-14 12:54:00

  • Mortgage giant raises rates in wake of US loan crisis (The Scotsman: Business)

    THE UK's biggest mortgage lender announced yesterday it is raising its mortgage rates as banks continue to respond to volatility in the global credit markets.
    2007-09-13 08:16:58

  • 'Sin stocks' have an appeal to people more concerned by gains than ...

    International Herald Tribune - ... investments and trying to understand strategies that involve quantitative analysis, strategic investment vehicles or mortgage ... Sapio, and two other executives at the fund's advisory firm, Mutuals.com, were accused in 2003 of securities-related fraud ...
    2007-09-14 04:40:00

  • Software maker Varolii plans IPO

    Boston Globe - ... on average more than 3.5 million notifications each business day, including flight cancellation notices, credit card fraud ... Wash.-based company's customers include Alaska Airlines, Dell Inc., Delta Air Lines Inc. , Deutsche Bank AG , SunTrust Mortgage ...
    2007-09-14 06:27:00

  • Business events and economic reports scheduled for the coming week

    CNBC - ... Department reports on producer price index for August, 8:30 a.m.; Senate Judiciary Committee hearing on corporate fraud ... WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac issues weekly mortgage rate report. NEW ...
    2007-09-14 01:01:00

  • FBI agents search Crisp's home, office

    MSNBC - Today in conjunction with IRS, the Bakersfield Police, the Kern County Sheriff's, we executed 13 search warrants in connection with an ongoing investigation into mortgage fraud," said FBI Senior Supervising Agent David Gelios. Crisp's wife, Jennifer ...
    2007-09-11 05:58:00

  • Crisp's home, office raids culmination of 2006 probe

    MSNBC - The fact that appraisers are now targeted in the investigation may mean the FBI is looking hard at allegations that Crisp, Cole and associates committed mortgage fraud for profit, flipping houses purchased with inflated loans with profits going back ...
    2007-09-11 05:58:00

  • Plan urged to halt foreclosure scams

    Miami Herald - ... spokeswoman Sandi Copes didn't address whether McCollum has authority to take immediate action, but said the office is reviewing the proposal. ''We are already working to determine what fixes, if any, we could propose to address the mortgage fraud ...
    2007-09-13 12:02:00

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