Mortgage and Financial News From 2008-3-5 Page 3

Previous Day: 2008-03-04

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• Lenders must help remortgagers

  MyFinances.co.uk - The mortgage industry must be more active in supporting borrowers facing remortgage challenges if a new advice service is to work effectively. That is verdict of supporters of the newly-launched 'stay in control of your finances' checklist, an online ...
  2008-03-05 04:54:00

• Netting the mortgage criminals

  MyFinances.co.uk - A police crackdown on mortgage fraud has been launched after a report revealed the home loan market has been swindled to the tune of £700 million. Everyone from remortgagers to new home-buyers to property investors could be targeted by fraudsters ...
  2008-03-05 04:39:00

• How to stay in control of your mortgage

  Daily Telegraph - Our new checklist sets out simple steps that homeowners can take to manage their money and mortgage in difficult times. And for those who are really struggling, don't panic. Talk to your lender or get free, confidential debt advice.
  2008-03-04 11:00:00

• S&P Picks and Pans: Ambac, Yahoo, Costco, Micron, Seagate, Goldman ...

  BusinessWeek - We are cutting our February-quarter EPS estimate to $2.82 from $4.96 to reflect writedowns related to the firm's commercial and residential mortgage exposures and leveraged loan balances, as well as a deterioration in its advice and underwriting ...
  2008-03-05 03:16:00

• Don't panic over new loans, mortgage holders told

  Guardian Unlimited - Talk to your lender or get free confidential advice," he added. Some 1.4 million mortgage customers are on two- and three-year deals which are coming up for renewal.
  2008-03-04 12:37:00

• Don Stoddart, Melanie & Rob McLister Win Coveted CMP Canadian Mortgage ...

  Market Wire - The McLister's site at www.CanadianMortgageTrends.com is first and foremost an up-to-date source of unbiased mortgage advice and industry trends.
  2008-03-04 01:23:00

• Spitzer Proposes Mortgage Help

  NewsChannel 36 - The legislation would give borrowers a chance to negotiate repayment plans with lenders to avoid foreclosure. It would also make it easier to prosecute mortgage fraud and tack down scams.
  2008-03-04 03:03:00

• Old advice still the best for avoiding ID fraud

  Charlotte.com - Mortgage fraud, the last problem discussed Tuesday, is the most devastating, because it can affect property values for entire neighborhoods, Shappert said.
  2008-03-04 11:03:00

• Deal aims to end appraisal fraud

  Boston Globe - Today's agreement with Fannie Mae and Freddie Mac begins to set right what had gone so horribly wrong in the mortgage industry - rampant appraisal fraud," Cuomo said.
  2008-03-03 09:17:00

• The Perils of Mortgage Fraud: Why Cities Should Care

  American Progress - Having the FBI spy on you is not a goal of most public officials. Yet there I sat in a meeting with self-described “real estate developers” while federal agents covertly watched our discussions through (if you didn’t know better) what looked ...
  2008-03-03 03:55:00

• Mayor Richard Daley offers city's help for homeowners fighting ...

  Chicago Tribune - Citing the impact of mortgage fraud and a downturn in the housing market, Mayor Richard Daley said Wednesday his administration will give a helping hand to homeowners who believe their property-tax assessments are too high. Daley has persuaded Cook ...
  2008-03-05 03:16:00

• Man pleads guilty in Broward mortgage fraud

  Miami Herald - Lazaro Villalba, who led a mortgage fraud ring between 2003 and 2007 in Southwest Ranches, has pleaded guilty to charges of conspiracy to commit wire, bank and mail fraud, federal prosecutors said. Villalba is one of 15 defendants accused of ...
  2008-03-04 03:50:00

• Mortgage fraud 'is funding crime'

  BBC Business - The Association of Chief Police Officers (Acpo) says property sales are also being used launder money made from drugs, trafficking and prostitution. UK mortgage fraud losses have reached £700m a year and the figure is growing. False valuations and ...
  2008-03-05 04:04:00

• Gold – Climbing Higher! (GoldSeek.com)

  By: David N. Vaughn, Gold Letter, Inc. Gold continues on its exciting run. Even the threatened IMF gold sells have failed to slow gold’s momentum. Winter continues beating down on us providing colder and colder days here in the south. The mountains receive the snow but the Piedmont remains clear.
  2008-03-05 04:19:58

• UK Q4 new landlord instructions fall, first decline since 1998 - RICS (The Forex Market)

  LONDON (Thomson Financial) - More evidence that the credit crunch is damaging UK buy-to-let activity emerged today, as a survey showed the number of new instructions to let fell for the first time on record in the final quarter of last year.
  2008-03-05 04:23:49

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