Mortgage and Financial News From 2008-4-5 Page 01
Previous Day: 2008-04-04
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4 Settle In Foreclosure Rescue Case (CBS 5 Phoenix)
Four Phoenix-area residents who acted as "straw-buyers" in a foreclosure rescue scheme have agreed to pay $89,000 to settle a civil suit.
2008-04-05 06:24:45 -
Public records for April 5, 2008 (Daytona Beach News-Journal)
Courthouse
2008-04-05 07:04:02 -
Vashon H.S. Could Lose Three State Titles (FOX 2 News St. Louis)
As part of a plea agreement to wire and mail fraud charges, Floyd Irons was required to tell the state activities association everything he knew about eligibility and recruiting violations at Vashon High School. Now the school could lose three of its 10 state titles under the iconic Missouri coach -- maybe even more. St. Louis Public Schools representatives reported to the Missouri State High ...
2008-04-05 02:05:57 -
Md. Senate may make mortgage counseling optional, not required Posted at 7 p.m. (Carroll County Online)
ANNAPOLIS — A plan to require borrowers to get counseling before taking certain types of mortgages is stalling in the legislature. The House has approved a bill making it mandatory for borrowers to get independent counseling sessions before signing for certain kinds of the riskiest loans.
2008-04-05 04:48:58 -
Rules will shield appraisers from lender pressure (Long Beach Press-Telegram)
In all the chatter these days about mortgage reform, the new rules for appraisers aren't getting a lot of attention. But that issue gained traction after New York Attorney General Andrew Cuomo began investigating allegations of conflicts of interest, fraud and other misconduct - all fallout from the mortgage meltdown.
2008-04-05 06:01:43 -
Treasury proposal would allow insurers to choose regulator (Lincoln Journal Star)
At an insurance conference last week, Allstate Corp.’s investor relations chief was giving a rundown of how many states sell certain products. Your Choice Home is in 15 states, and Your Choice Auto is in 48 states, Robert Block said.
2008-04-05 09:06:13 -
People (Knoxville News Sentinel)
n Marsha Barnes has joined Premier Surgical Associates as director of operations. She previously was an administrator at a family practice clinic in Newport.
2008-04-05 09:17:20 -
Indian River County courthouse news: April 6 (Vero Press Journal)
Check here for Indian River County court filings
2008-04-05 09:17:30 -
Heard off the street: Fund managers took their lumps last year and in first quarter (Pittsburgh Post-Gazette)
Pine money manager Ron Muhlenkamp had a blunt message about how things went last year for shareholders of his $1.3 billion Muhlenkamp Fund [Ticker: MUHLX]: "We had a lousy year." ...
2008-04-05 09:17:53 -
Financial overhaul unlikely (The Myrtle Beach Sun News)
The most sweeping overhaul of the nation's financial system in seven decades has at least one thing going for it. It is occurring amid a crisis, which often is the only thing that prompts Congress to act. But the administration also has some timing factors working against it - namely that President Bush has 10 months left in office, making it easier for the powerful forces arrayed against the ...
2008-04-05 09:21:07 -
Ready to own your first home? Five must-do's for the rookie homebuyer (Asheville Citizen-Times)
Given the instability of the housing market, I can understand why a first-time homebuyer might feel angst over investing in the American dream.
2008-04-05 09:28:32 -
When the Splurge Takes Its Toll (NYTimes.com via Yahoo! Finance)
On the way up, financial toxic waste was sold as “a new paradigm.” Now, on the long way down, the response is “Help, the sky is falling!”.
2008-04-05 09:40:57 -
The Mortgage Bust Goes Global (NYTimes.com via Yahoo! Finance)
The consequences of millions of foreclosures across the U.S. are also being felt far overseas.
2008-04-05 09:40:59 -
Realty veteran says area market runs at steady level (The Steubenville Herald-Star)
STEUBENVILLE — The rumors of the local real estate market’s death are greatly exaggerated. If an agent and agency are willing to work the angles and trends, it’s possible to continue to make a good living at real estate, despite tough times.
2008-04-05 07:21:48 -
A Road Not Taken by Lenders (NYTimes.com via Yahoo! Finance)
While borrowers may have misrepresented their incomes, lenders had the tools to identify these fibs before making the loans.
2008-04-05 07:39:58