Mortgage and Financial News From 2007-12-13 Page 26
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Northern Rock to exit London FTSE 100 shares index (AFP via Yahoo! News)
Troubled mortgage lender Northern Rock will be dropped from London's FSTE 100 index of leading companies later this month, the FTSE Group announced Wednesday in another blow to the battered British bank.
2007-12-12 10:26:33 -
Mortgage applications hit highest level in 2 years (Reuters via Yahoo! News)
Mortgage applications rose last week to the highest level since July 2005 despite a jump in borrowing costs, an industry group said on Wednesday.
2007-12-12 04:08:26 -
In Defense AND In Condemnation of the ARM Bailout
New York Sun - In the first closing, the mortgage broker had blatantly lied to the borrower - a man who barely spoke English. She even phoned me at the closing. She essentially admitted her deceit, but asked if I couldn't just "smooth things over." No - I could not ...
2007-12-12 12:17:00 -
Woman claims she's a mortgage ID theft victim
WOOD - So how can you avoid getting in such a situation with your mortgage broker? "Just have the confidence to get up and walk out the door if someone's not giving you the answers, the disclosures, and the info you're entitled to," suggests Leyrer. Those who ...
2007-12-10 03:54:00 -
k1047 BC-MO-Councilwoman-Frau 1stLd-Writethru 12-12 0361
Hays Daily News - Prosecutors said McFadden-Weaver and two others -- mortgage broker Ricky L. Hamilton and contractor Emanuel Kind -- conspired to fraudulently obtain a $405,331 loan in order to renovate another home owned by her church. Hamilton and Kind pleaded ...
2007-12-12 02:54:00 -
Germany's DAX Index Rises; Deutsche Post, Bayer Lead Advance
Bloomberg - Comdirect Bank AG, Germany's largest online broker, will begin offering clients home loans in cooperation with the German mortgage broker. Jungheinrich AG (JUN3 GY) lost 57 cents, or 2 percent, to 28.67 euros. HSBC Holdings Plc cut its ...
2007-12-12 09:18:00 -
Countrywide Subpoenaed by Illinois
New York Times - Madigan’s office into One Source Mortgage, a Chicago mortgage broker that recently closed its doors. Ms. Madigan sued One Source on Nov. 27, contending that the company misled borrowers by promising low rates on mortgages without advising them ...
2007-12-12 11:08:00 -
Recruiting Specialist William Ferjo Joins 1st Metropolitan Mortgage (Business Wire via Yahoo! Finance)
CHARLOTTE, N.C.----William "Bill" Ferjo, a recruiting specialist, has joined 1st Metropolitan Mortgage's branch development team as a national recruiting coordinator. In this position, Ferjo will be charged with expanding the company's outbound recruiting efforts.
2007-12-12 11:55:00 -
McFadden-Weaver sentencing for mortgage fraud set for Dec. 28 (The Kansas City Star)
Former Kansas City Councilwoman Saundra McFadden-Weaver must wait two more weeks to learn her sentence for a mortgage fraud conviction.
2007-12-12 08:40:04 -
Countrywide subpoenaed by Illinois (International Herald Tribune)
The Illinois attorney general has subpoenaed documents from Countrywide Financial, broadening an investigation into lending practices that has already led to a lawsuit against one mortgage broker.
2007-12-12 09:19:16