Mortgage and Financial News From 2008-1-30 Page 38

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• Walter Cronkite

  MediaChannel.org - The ever–vigilant bureau that blew its 911 probe has just announced an investigation of 14 unnamed mortgage companies involved in a variety of scams. Talk about going after small fish. In this week of football mania, what we know and they have ...
  2008-01-30 01:35:00

• FBI investigates 14 mortgage companies in US fraud probe

  Edinburgh News - THE FBI is investigating 14 mortgage companies suspected of possible fraud or insider trading violations in connection with loans made to risky borrowers and related investments. Agency officials did not identify the companies under investigation ...
  2008-01-30 03:48:00

• ADP Says U.S. Companies Added 130,000 Jobs in January (Update3)

  Bloomberg - Housing and mortgage-related companies are trimming staff as the economy slows. Morgan Stanley, Lehman Brothers Holdings Inc. and Credit Suisse Group are eliminating about 1,640 jobs as the worst U.S. housing market in 26 years slows ...
  2008-01-30 06:04:00

• What does Fed rate cut mean for you?

  CNN - Story Highlights Federal Reserve cuts interest rates A drop in mortgage rates expected to follow Credit card companies could follow suit Savers will be hurt by interest rate cuts Next Article in Living »
  2008-01-30 12:30:00

• NeighborWorks America Announces Six Months Results of Foreclosure ...

  Forbes - HPF partners with city, county and state governments; federal government agencies; community-based nonprofit organizations; and mortgage companies to offer creative solutions to preserve homeownership. HPF's cornerstone service is the Homeowner's ...
  2008-01-30 08:56:00

• Senate defeats bill to aid troubled homeowners, neighborhoods

  San Francisco Gate - They said the bill would put an unfair burden on banks and mortgage companies that already are under financial strain. The bill also would have required four months' notice to borrowers before mortgage payments increased 10 percent or more. Lending ...
  2008-01-30 12:37:00

• HUD Sec'y: Fear of banks led to mortgage crisis

  Chicago Sun-Times - Instead, they took their business to mortgage insurance companies that are totally unregulated and mortgage brokers with some regulation, but nowhere near as much as banks. “When we walk down to Northern Trust, Bank of America or Chase and they say ...
  2008-01-30 12:45:00

• FBI probes companies over loans to risky borrowers

  Miami Herald - ... disclosed the high risk of default on so-called ''exception'' loans - considered even risker than subprime loans - when selling those securities to investors. In November, Cuomo said he issued subpoenas to government-sponsored mortgage companies ...
  2008-01-30 04:52:00

• More Than Momentum: Stocks Rising for a Reason - Motley Fool

  More Than Momentum: Stocks Rising for a ReasonMotley Fool - 44 minutes agoWhen the Fed steps in to cut rates, and tiny bits of news -- such as an increase in mortgage applications -- some investors feel renewed hope. ...
  2008-01-30 01:21:27

• Financials Bring Rally to Screeching Halt - FOXBusiness

  Financials Bring Rally to Screeching HaltFOXBusiness - 33 minutes agoThe Swiss bank said it will be forced to write down the value of about $14 billion worth of mortgage related assets in the period, more than it previously ...
  2008-01-30 01:32:41

• Home > News > US Subprime Crisis: South Asia will cont... - World Bank Group

  Home > News > US Subprime Crisis: South Asia will cont...World Bank Group, DC - 32 minutes agoHighlighting that Indian companies do not have big exposure to US mortgage securities, Devarajan said, “Even if the subprime crisis leads to a global credit ...
  2008-01-30 01:33:55

• MBIA, Ambac May Each Lose $11.6 Billion, Ackman Says (Update2) - Bloomberg

  MBIA, Ambac May Each Lose $11.6 Billion, Ackman Says (Update2)Bloomberg - 27 minutes ago30 (Bloomberg) -- MBIA Inc. and Ambac Financial Group Inc., the two largest bond insurers, may each lose $11.6 billion on guarantees of mortgage-linked debt ...
  2008-01-30 01:38:10

• Municipal Mortgage & Equity, Keynote Systems and Virtual ... - SmallCapInvestor

  Municipal Mortgage & Equity, Keynote Systems and Virtual ...SmallCapInvestor - 26 minutes ago(Nasdaq: VRAD) were among the new 52-week lows established in Wednesday's trading among companies with market capitalizations or values under $750 million. ...
  2008-01-30 01:39:31

• TVC Capital, LLC Purchases Del Mar - Ad-Hoc-News (Pressemitteilung)

  TVC Capital, LLC Purchases Del MarAd-Hoc-News (Pressemitteilung), Germany - 26 minutes agoFor over 15 years, Del Mar DataTrac has been a leader in providing back-office lending software solutions designed to automate the residential mortgage ...
  2008-01-30 01:39:45

• UBS-led write-downs, gloomy IMF view deepen credit woes - South China Morning Post (subscription)

  UBS-led write-downs, gloomy IMF view deepen credit woesSouth China Morning Post (subscription), Hong Kong - 25 minutes agoShock waves from the United States subprime mortgage crisis and credit crunch are reverberating through Europe and Asia, with more institutions unveiling ...
  2008-01-30 01:40:34

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