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Tuesday December 8, 2009
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  • Man pleads guilty to real estate fraud scheme 8 Dec 2009 00:28 GMT
    ... Man pleads guilty to real estate fraud scheme , Minnesota Public Radio December ... sold at least 172 properties, inflating the property sale prices and then reporting the false ... admitted that he helped buyers qualify for mortgage loans by creating false verifications of employment, depositing ...

  • Ways to Lower Your Houston Homeowner's Insurance Costs 8 Dec 2009 05:27 GMT
    ... When purchasing a home in the Houston real estate market, just like other areas of the ... get it insured. If you have a mortgage loan on the property you will be required ...

  • Property prices "causing distress" 8 Dec 2009 01:40 GMT
    ... is the ever-increasing cost of housing and property, the survey reported. About 76 percent of ... of families cannot afford to buy a house, the survey said. The ratio of housing ... entire savings or results in decades of mortgage loans. Wang Ke, a purchasing manager with a ...

  • Survey: property prices 'causing distress' 8 Dec 2009 00:39 GMT
    ... of families cannot afford to buy a house, the survey said. The ratio of housing ... stockpiles have also contributed to the out-of-reach property prices. Commercial property prices have gone up ... entire savings or results in decades of mortgage loans. Wang Ke, a purchasing manager with a ...

  • ICICI Bank joins home-loan rate war 8 Dec 2009 03:53 GMT
    ... the first to come up with low-priced home loans. A senior SBI official said the ... is from the lower end of the mortgage loans segment of under Rs20 lakhs. "In ...

  • H&R Block Reports Continued Improvement in Financial Results for Fiscal 2010 Second Quarter 8 Dec 2009 11:32 GMT
    ... Better results in Tax Services and lower mortgage loan loss provisions partially offset by lower profits ... decline in the provision for losses on mortgage loans held for investment at H&R Block Bank. ... origination and servicing business; uncertainties in the residential mortgage market and its impact on loan ...

  • SE Financial Corp. Announces Fourth Quarter / Fiscal Year End 2009 Results 8 Dec 2009 00:20 GMT
    ... over 90 days of $3.6 million and real estate owned of $801 thousand) to total assets ... consisted of $1.4 million in 1-4 family residential mortgage loans, $300 thousand in non-owner occupied mixed use ...

  • A lesson in subprime lending insanity 8 Dec 2009 00:39 GMT
    ... New Century Finance specialized in making mortgage loans that practically begged borrowers to default Remember ... on the moral failings of individual American homeowners, rather than on the lenders and financial ... the borrower had no equity in the property securing the loan. Without placing any of ...

  • SEC accuses 3 ex-New Century executives of fraud over subprime mortgage collapse 8 Dec 2009 02:45 GMT
    ... the No. 2 U.S. maker of subprime mortgage loans, extended to borrowers with inferior credit ... records and the spark that ignited the home-loan bust. The company filed for bankruptcy protection ...

  • SEC accuses 3 ex-New Century execs of fraud 8 Dec 2009 00:56 GMT
    ... the No. 2 U.S. maker of subprime mortgage loans, extended to borrowers with inferior credit ... records and the spark that ignited the home-loan bust. The company filed for bankruptcy protection ...

  • THE JOURNAL OF STEFFANIE RIVERS: The Les... 8 Dec 2009 09:02 GMT
    ... nearly fifty percent of African-American and Latino households in the United States don’t have bank ... increases the chances of getting personal or mortgage loans. But most banks aren’t approving loans these ... banks for decades. And they owned more property and were more debt free than most ...

  • THE JOURNAL OF STEFFANIE RIVERS: The Lesser of Two Evils 8 Dec 2009 09:07 GMT
    ... nearly fifty percent of African-American and Latino households in the United States don’t have bank ... increases the chances of getting personal or mortgage loans. But most banks aren’t approving loans these ... banks for decades. And they owned more property and were more debt free than most ...

  • Business briefs: Jolt of GM's Volt is $700 million for Michigan 8 Dec 2009 06:51 GMT
    ... a technological and economic boost for its home state. GM's plant that straddles the border ... the No. 2 U.S. maker of subprime mortgage loans. It filed for bankruptcy protection in ...

  • Lodgian yields Crowne Plaza hotel to receiver 8 Dec 2009 09:01 GMT
    ... An Atlanta hotel investment company is less one property in its portfolio, after defaulting on a ... was in default on a $16.3 million mortgage loan secured by the Crowne Plaza in Worcester, ...

  • Tax changes proposed to aid smaller Madoff investors 8 Dec 2009 06:52 GMT
    ... the No. 2 U.S. maker of subprime mortgage loans. The company filed for bankruptcy protection ... Midlands Airport and cutting capacity at its home base, London's Luton airport, by 20 percent. ...


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