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A Breath Of Fresh Air: Change From The Status Quo In Response To Today ... - Pr Newswire
wylie, texas, oct. 3 /prnewswire/ -- in today's residential mortgage crisis, there's a growing skepticism amongst current and prospective homeowners in the mortgage process -- a skepticism that's rooted in the belief that some mortgage lenders and ...
sev.prnewswire.com

Study: Mortgage Losses On Owner-occupied Homes Lower Than Assumed
(physorg.com) -- homeowners who are struggling with mortgages for their own residences are a relatively small part of the overall mortgage crisis, according to results of a new nationwide study of consumer balance sheets.
www.physorg.com

Three Indicted In Mortgage Fraud Case
st. louis — three people, including a father and son, have been indicted in a mortgage fraud scheme that cost lenders about $1.5 million, the u.s. attorney's office announced thursday.
www.stltoday.com

Financial Advisers Answer Your Questions - Detroit Free Press
freep.com hosted a live chat this afternoon with your questions on the nation's economic turmoil. read what our mortgage and financial experts had to say to readers. nick: no, it should not be. they're being held with secured notes on the property ...
www.freep.com

'housetrap!': Who Set It? And How To Escape From America's Mortgage ... - Cnbc
corona, calif., oct 03, 2008 /prnewswire via comtex/ -- political leaders from the president of the united states, the chairman of the federal reserve, the treasury secretary and both houses of congress are working frantically to avoid the biggest ...
www.cnbc.com

Local Mortgage Brokers Feel Effects Of Credit Crisis
owosso - bill grantham had been the chief executive officer and president of grantham mortgage corporation in owosso since 2002.
www.argus-press.com

Sec Charges Five Brokers With Fraud In Sales Of Unsuitable Securities Funded Through Subprime Mortgage Refinancings
washington, d.c., oct. 3, 2008 — the securities and exchange commission today charged five los angeles-area brokers with securities fraud, alleging that they put their customers at risk by refinancing their homes with subprime mortgages that they could not afford in order to fraudulently sell them unsuitable securities.
www.sec.gov

House Passes Revised Financial Bailout Bill By Wide Margin - Rtt News
(rttnews) - the house of representatives passed a measure friday to allow the bush administration to buy up to $700 billion in mortgage-backed securities in an effort to bring stability to financial institutions and unfreeze credit markets. the vote ...
www.rttnews.com

Fix The Bailout To Help Homeowners - An Open Letter From Thomas ... - Forbes
the following open letter appeared in friday's editions of the new york times, wall street journal and the washington post. even those political leaders that support the current bailout proposal don't like it very much. the american people like it ...
www.forbes.com

Can I Still Get A Mortgage?
homebuyers are seeing the cost of mortgages continue to climb despite falling house prices. mortgage brokers say lenders are cold-shouldering 'risky' borrowers as they desperately try to improve their returns on loans.
www.thisislondon.co.uk

One In Three Over-55s Will Still Be Paying Off Their Mortgage After They Retire
one in three middle-aged homeowners will still be making mortgage payments after they retire, a report claims.
www.dailymail.co.uk

Can I Still Get A Mortgage? - Evening Standard
homebuyers are seeing the cost of mortgages continue to climb despite falling house prices. mortgage brokers say lenders are cold-shouldering 'risky' borrowers as they desperately try to improve their returns on loans. banks are tightening their ...
www.thisislondon.co.uk

October 3: Economic Crisis, Shea Memories, Revamping Power Plants - Newsday
in recent years, economic news seemed positive. people were trading up to mcmansions and nearly everyone with a pulse could qualify for a mortgage. yet where was the corresponding rise in wages to support all this debt as leveraging the future became ...
www.newsday.com

Portland Loan Officer Pleads Guilty In Mortgage Fraud
marty ray folwick, the portland man who put together more than 70 fraudulent mortgage deals during the housing boom, pleaded guilty thursday to four counts of bank fraud, wire fraud and money laundering. prosecutors recommended that folwick serve 62 months...
www.oregonlive.com

Mortgage Losses On Owner-occupied Homes Lower Than Assumed
homeowners who are struggling with mortgages for their own residences are a relatively small part of the overall mortgage crisis, according to results of a new nationwide study of consumer balance sheets. the study estimates that losses on first mortgages for owner-occupied homes may range as high as $180 billion -- a large amount, but not catastrophic, according to an economist.
www.newswise.com

Wells Fargo Agrees To Acquire Wachovia For $15.1 Billion - Los Angeles Times
bidding to become the country's fourth superpower bank, wells fargo & co. agreed today to buy all of wachovia corp. for more than $15 billion in stock, shouldering aside citigroup inc.'s deal to acquire wachovia's banking operations. citigroup ...
www.latimes.com

Will Bail-out Mean The Crisis Is Over? - The Independent
house approves $700bn rescue plan dominic lawson: democrat fingerprints are all over the financial crisis simone wallmeyer: we unmask the face behind the crash eu 'big four' in bailout row bailout? over to you, gordon mary dejevsky: amid the chaos ...
www.independent.co.uk

Mortgage Rates Rise In Volatile Week
mortgage rates went up again in a volatile week marked by political tumult.
biz.yahoo.com

Port Chester Plans For Revenue Declines
port chester - with fewer people buying homes and shoppers spending less, village officials are preparing for a decline in mortgage- and sales-tax payments, which pull in more than one-third of the village's revenue.
www.lohud.com

Credit Markets Still Tight After Bailout Approval - Msnbc
new york - the stranglehold on the credit markets remained tight friday after the house approved a revised $700 billion financial bailout, with investors nervous that the plan is at most a first step in repairing the faltering u.s. economy. anxiety ...
www.msnbc.msn.com