Mortgage and Financial News From 2008-2-13 Page 13

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• Untangling Mortgage Fraud

  Washington Post - ... approved an economic stimulus package. The Treasury Department pressed lenders to reset mortgage rates for ... probing dozens of companies for fraud and insider trading in connection with the subprime mortgage crisis that set off the country's current ...
  2008-02-13 08:42:00

• Return on Widows’ with-profits fund halved - The Herald

  Return on Widows’ with-profits fund halvedThe Herald, UK - 5 hours agoThe insurer is leaving bonus rates on all its policies unchanged. That means it still pays no annual bonus for holders of the popular with-profits bonds, ...
  2008-02-13 04:03:57

• Leading Insurer Encourages Protection Review During Heart Health ... - PR-Inside.com (Pressemitteilung)

  Leading Insurer Encourages Protection Review During Heart Health ...PR-Inside.com (Pressemitteilung), Austria - 4 hours agoA critical illness insurance policy can help by: -- repaying debt or helping to pay for regular bills that do not stop because of illness, like the mortgage ...
  2008-02-13 05:28:24

• Real estate notebook Real estate still is a good investment - ThisWeekNews

  Real estate notebook Real estate still is a good investmentThisWeekNews, OH - 2 hours agoFinally, considering the recent drops in interest rates, now is the time to buy and lock in a low fixed-mortgage rate. It may be tempting to wait for the ...
  2008-02-13 07:22:19

• MGIC's quarterly loss tops $1 billion - Milwaukee Journal Sentinel (subscription)

  MGIC's quarterly loss tops $1 billionMilwaukee Journal Sentinel (subscription), WI - 1 hour agoMGIC has raised prices and tightened underwriting standards and is well-situated to take advantage of opportunities presented in the current mortgage ...
  2008-02-13 07:42:53

• Investment vehicles blamed for crisis - Connecticut Post

  Investment vehicles blamed for crisisConnecticut Post, CT - 1 hour ago"The main trigger of the current financial instability was the subprime mortgage crisis," Orlowski said. In 2007, he said, 80 percent of existing mortgages ...
  2008-02-13 07:58:42

• Home sales tumble, inventory rockets - North County Times

  Home sales tumble, inventory rocketsNorth County Times, CA - 1 hour agoTry it, it's free rent while the greedy flippers and home debtors pay the mortgage!!! Randy wrote on Feb 13, 2008 7:50 AM:The blame for the current economic ...
  2008-02-13 08:13:55

• Wiping the World’s Greatest Credit Bubble From History - Daily Reckoning - Australian Edition

  Wiping the World’s Greatest Credit Bubble From HistoryDaily Reckoning - Australian Edition, Australia - 1 hour agoWhereas, by its end, the current banking crisis will see total mortgage-credit losses of $400 billion according to Goldman Sachs’ latest guess-timate. ...
  2008-02-13 08:30:15

• How to Avoid Getting Saddled With Fees - Wall Street Journal

  How to Avoid Getting Saddled With FeesWall Street Journal - 31 minutes agoWhen Joe and Rhonda purchased their first home, their credit history was spotty and they didn't qualify for the best mortgage rates. To qualify for the rate ...
  2008-02-13 09:00:46

• Viceroy Homes announces third quarter results - CNW Telbec (Communiqués de presse)

  Viceroy Homes announces third quarter resultsCNW Telbec (Communiqués de presse), Canada - 28 minutes agoThe US housing market is under severe pressure, due to the subprime mortgage problems and is not expected to recover in the near term. ...
  2008-02-13 09:03:54

• Inflation may drive gold price to $1000 this year - Khaleej Times

  Inflation may drive gold price to $1000 this yearKhaleej Times, United Arab Emirates - 23 minutes ago"Gold investors have several causes to thank for such a leap — the US subprime mortgage crisis, three interest rate cuts from the US Federal Reserve, ...
  2008-02-13 09:08:39

• Drew Industries Reports 2007 and Fourth Quarter Earnings - Autochannel (press release)

  Drew Industries Reports 2007 and Fourth Quarter EarningsAutochannel (press release) - 23 minutes agoIn addition, the Company has instituted foreclosure proceedings on a mortgage securing a $3.9 million note it received upon the sale of a facility in 2006. ...
  2008-02-13 09:08:48

• Refinancing turndown a turn-off for GE worker - The Herald-Times (subscription)

  Refinancing turndown a turn-off for GE workerThe Herald-Times (subscription), IN - 22 minutes agoFairns said her credit rating is good and that she owes about $60000 on her current mortgage, which has a 7.1 percent interest rate. ...
  2008-02-13 09:09:43

• Debt Crisis Hits a Dynasty - Wall Street Journal

  Debt Crisis Hits a DynastyWall Street Journal - 16 minutes agoThe market for auction-rate securities has dried up amid fears about fallout from the subprime-mortgage crisis. This week, New York's Port Authority saw the ...
  2008-02-13 09:15:26

• New Rules for Property Investment Sales Game - New York Sun

  New Rules for Property Investment Sales GameNew York Sun, NY - 12 minutes agoMr. Knakal added: "With the Fed cutting rates, two things can happen, both of which are very positive. Either mortgage rates will fall, which buoys values, ...
  2008-02-13 09:19:27

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