Mortgage and Financial News From 2007-9-28 Page 8

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  • Erinaceous warns it may collapse as debts mount

    Times Online - Last year Erinaceous hit the headlines over a police investigation involving Ian McGarry, a surveyor at its Dunlop Haywards subsidiary, for his role in an alleged mortgage fraud ring. Erinacious settled out of court on a claim brought by Nationwide ...
    2007-09-28 06:53:00
  • Fitch Rates $648.4MM CSMC Mortgage-Backed Trust 2007-6

    Forbes - Fitch believes the above credit enhancement will be adequate to support mortgagor defaults as well as bankruptcy, fraud and special hazard losses in limited amounts. In addition, the ratings also reflect the quality of the underlying mortgage ...
    2007-09-28 02:03:00
  • Fitch Rates $558MM Morgan Stanley Mortgage Loan Trust Mtge P-T Ctfs ...

    Forbes - Fitch believes that the amount of credit enhancement will be sufficient to cover credit losses, including limited bankruptcy, fraud and special hazard losses. In addition, the ratings reflect the quality of the mortgage collateral, the strength of ...
    2007-09-28 01:56:00
  • Freddie Mac Pays $50 Million To Settle Fraud Charges (Turks.US)

    Freddie Mac, the nation's second-largest home mortgage financier, will pay a $50 million fine to settle civil securities fraud charges brought by federal regulators in a four-year accounting lapse.
    2007-09-28 06:53:47
  • Mortgage lender who served prison sentence charged with fraud (KWQC-TV 6 Davenport)

    CHICAGO (AP) - A 41-year-old financial adviser who served prison sentences for rape and armed robbery has now been indicted on federal fraud charges. Prosecutors allege that Edwin Evans used phony documents to help a woman obtain two mortgages for homes in Will County and Chicago.
    2007-09-28 04:21:47
  • Freddie Mac settles SEC fraud charges (UPI)

    Freddie Mac, the government-sponsored mortgage funding company, has agreed to pay $50 million to settle new U.S. government fraud charges.
    2007-09-28 06:23:48
  • Successful test of Jules Verne ATV software

    SpaceRef - 220Marketing specializes in providing mortgage marketing for mortgage companies and managers. - Take your time to tour our site and check out all the fun games we operate. In addition to the 20 online bingo rooms we operate, we also have online keno. - ...
    2007-09-28 10:50:00
  • A new milestone in the GMES Space Component Programme successfully ...

    SpaceRef - 220Marketing specializes in providing mortgage marketing for mortgage companies and managers. - Take your time to tour our site and check out all the fun games we operate. In addition to the 20 online bingo rooms we operate, we also have online keno. - ...
    2007-09-28 10:50:00
  • Richard Hornby

    Daily Telegraph - Lending rates were no longer fixed by cartel, high street banks were now avid competitors in the mortgage market, and societies were free to convert themselves into limited companies and float on the stock market. Amid intense political lobbying by ...
    2007-09-28 02:10:00
  • US stocks fall on new mortgage worries

    Earthtimes - Worries that home foreclosures may rise further were reignited Friday when Mortgage Insurance Companies of America said defaults on privately insured home loans rose 30 percent in August from a year earlier. The Fed's rate cut, while lifting stock ...
    2007-09-28 02:03:00
  • Starting Gate: 80% Of Success Is Just Showing Up

    CBS News - Stories like this in the Des Moines Register won’t do much to help Edwards’ attempt to be the populist candidate in the race: “A total of 107 Iowa homeowners were foreclosed upon by subprime mortgage companies owned by Fortress Investment Group ...
    2007-09-28 06:46:00
  • Sector Roundup: Homebuilders, Biotech

    MSN MoneyCentral - NEW YORK (AP) -- Shares of biotechnology companies traded mostly flat Friday as BMO Capital Markets initiated mixed coverage on more than a dozen companies. NEW YORK (AP) -- Shares of mortgage lenders were mixed on a slow day of trading Friday ...
    2007-09-28 02:03:00
  • U.S. Stocks Drop, Paring Best September Advance Since 1998

    Bloomberg - The Mortgage Insurance Companies of America said defaults on privately insured home loans climbed 30 percent last month from year-earlier levels, adding to evidence that home foreclosures may continue to rise. Insured borrowers more than 60 days ...
    2007-09-28 02:17:00
  • UPDATE 1-US mortgage bond issuance falls year-to-date

    Reuters - Lehman Brothers underwrote 88 issues of mortgage-backed bonds, totaling $76.6 billion, a 9.8 percent market share. Issuance of bonds backed by companies other than Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , ...
    2007-09-28 11:18:00
  • Recession chatter gets louder

    CNN Money - Until now, problems with the economy have remained within the financial sector, with most of the pain hitting mortgage companies and investment banks. But in recent weeks a few key signs show that Wall Street's problems are seeping into the rest of ...
    2007-09-28 10:50:00