Mortgage and Financial News From 2008-1-30 Page 39

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• LOCAL EDITORIAL - Adrian Daily Telegram

  LOCAL EDITORIALAdrian Daily Telegram, MI - 23 minutes agoGranholm’s proposals Tuesday to mandate 10 percent renewable power by 2015 and to attack oil, insurance and pharmaceutical companies will not help US ...
  2008-01-30 01:42:43

• Evans Bancorp Reports Fourth Quarter and 2007 Year End Results - Trading Markets (press release)

  Evans Bancorp Reports Fourth Quarter and 2007 Year End ResultsTrading Markets (press release), CA - 23 minutes agoThe Company remains well capitalized and has no exposure to the sub-prime mortgage difficulties that have impacted much of our industry. ...
  2008-01-30 01:43:07

• There may be a credit crisis, but banks are still willing to lend - Boston Herald

  There may be a credit crisis, but banks are still willing to lendBoston Herald, United States - 22 minutes agoWhether that is happening now is one of the more interesting questions we face in judging just how much the mortgage and credit crisis is harming the ...
  2008-01-30 01:43:36

• SocGen board rejects CEO resignation

  CNN Money - In addition to the alleged fraud, the bank last week also announced a nearly-$3 billion writedown due to the U.S. subprime mortgage crisis. The special committee will include independent directors, the board said, and will look into measures that have ...
  2008-01-30 08:34:00

• Paetec Closes Incremental Term Loan Facility [PAET]

  RTT News - The FBI has joined forces with the Securities and Exchange Commission in investigating the corporate-fraud, the chief of the FBI's economic crimes unit, Neil Power said Wednesday. There are over 1,200 cases of mortgage fraud currently under ...
  2008-01-30 09:46:00

• Employees coping with financial problems can bring stress into work - Boston Herald

  Employees coping with financial problems can bring stress into workBoston Herald, United States - 16 minutes agoAn employee with debt or mortgage problems is spending an entire morning on the phone with creditors. Or staffers are short-tempered and there’s friction ...
  2008-01-30 01:50:09

• Advanced Mortgage Fraud Detection Training Film From Interthinx(R) Is ...

  Earthtimes - AGOURA HILLS, CA -- 01/29/08 -- During a time of significant industry correction, Interthinx®, the leading provider of proven risk mitigation, mortgage fraud prevention and regulatory compliance tools for the mortgage industry, will continue its ...
  2008-01-29 05:51:00

• Fed Cuts Rates Boldly; Wall Street Wary - The Associated Press

  Fed Cuts Rates Boldly; Wall Street WaryThe Associated Press - 15 minutes agoThe collapse of the housing market, sour mortgage investments and much harder-to-get credit are weighing on people and businesses alike. ...
  2008-01-30 01:50:47

• Wintrust Financial Corporation Announces Appointment of Charles H ... - CNNMoney.com

  Wintrust Financial Corporation Announces Appointment of Charles H ...CNNMoney.com - 14 minutes agoWestAmerica Mortgage Company engages primarily in the origination and purchase of residential mortgages for sale into the secondary market through ...
  2008-01-30 01:51:26

• Globalization Poison - Policy Innovations

  Globalization PoisonPolicy Innovations, NY - 14 minutes agoTake for example the parallels between China's problems with toymakers and the financial turmoil tied to America's mortgage market. ...
  2008-01-30 01:51:53

• Memo To The FBI: Expand The Probe Of Economic Crimes - Media Channel

  Memo To The FBI: Expand The Probe Of Economic CrimesMedia Channel, NY - 9 minutes agoThe ever–vigilant bureau that blew its 911 probe has just announced an investigation of 14 unnamed mortgage companies involved in a variety of scams. ...
  2008-01-30 01:57:03

• FBI quizzes companies over sub-prime collapse

  New Zealand Herald - ... are some irregularities there that we're looking into". Power said another area of criminal inquiry was insider trading - whether executives sold shares when they knew loan defaults were going to surge. The FBI also investigates other mortgage-fraud ...
  2008-01-30 09:31:00

• FBI launches probe into US sub-prime crisis

  Times Online - America’s Federal Bureau of Investigation (FBI) has launched an investigation into 14 companies involved in the sub-prime mortgage crisis, including investment banks, on suspicion of accounting fraud and insider trading. According to The Wall ...
  2008-01-29 11:44:00

• Stocks pull back after Fed rate cut - Houston Chronicle

  Stocks pull back after Fed rate cutHouston Chronicle, United States - 7 minutes agoThe subprime mortgage crisis has been creating problems for homeowners and financial centers alike. Meredith Whitney, an Oppenheimer and Co. analyst, ...
  2008-01-30 01:58:13

• UPDATE 4-Toronto stocks fall as financial worries return - Reuters UK

  UPDATE 4-Toronto stocks fall as financial worries returnReuters UK, UK - 6 minutes agoBond insurers were used by some companies to hedge investments in now-faltering subprime mortgage securities, but markets have become nervous that these ...
  2008-01-30 01:59:10

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