Mortgage and Financial News From 2007-11-25 Page 19
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Empty, foreclosed homes invite criminals (Arizona Daily Star)
Eighty-five bungalows dot the cul-de-sac that joins West Ontario Avenue and East Ontario Avenue in Atlanta. Twenty-two are vacant, victims of mortgage fraud and foreclosure.
2007-11-24 11:26:38 -
Steven Philippsohn: He used to search through knickers. But now it's hard to pick up the scent of fraud (Independent)
It wasn't a good week to admit to being one of the Government's key advisers on fraud. With the bank account details of 7.5 million families lost in the post by Revenue & Customs, the department not only appears to have major systems issues, but looks to have breached the Government's own data-protection laws.
2007-11-24 04:28:09 -
Stocks open higher after pullback Wednesday; Oil retreats from $100 ...
CNBC - The Russell 2000 index of smaller companies rose 7.31, or 0.99 percent, to 747.61. Overseas, Britain's FTSE 100 rose 1.32 percent, Germany's DAX index rose 0.34 percent, and France's CAC-40 rose 1.58 percent. Hong Kong's Hang Seng index closed up 2.06 ...
2007-11-23 06:41:00 -
Editorial: State foreclosure is flood control
San Francisco Examiner - What the mortgage companies promise is to become considerably more open and proactive case-by-case in reaching out and offering longer-lasting low rates to California residential borrowers who showed they can afford their homes if monthly payments ...
2007-11-24 11:55:00 -
Default threat ignites scams
Boston Globe - His mortgage would be repaid and he would receive more than $100,000 in cash, reflecting the fair value of his property. He ... As foreclosures in Massachusetts hit record levels, companies that offer to save troubled borrowers also have proliferated ...
2007-11-24 10:32:00 -
Fool’s School Meet the Balance Sheet
Times-Leader - For your own personal balance sheet, you’d list all your assets (house, car, savings accounts, etc.), subtract your debts and obligations (mortgage, credit card debt, etc.), and end up with your net worth. Companies essentially do the same thing ...
2007-11-24 08:23:00 -
Remedies overdue to stop housing scams
Norfolk Virginian-Pilot - Mortgage companies approved loans for properties they never visited, to clients whose income they never verified. CM Development highlights the challenges ahead for Norfolk, Portsmouth, Suffolk and Newport News as they try to rescue dozens of older ...
2007-11-24 10:04:00