Mortgage and Financial News From 2008-3-17 Page 5

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  • 'Hope Now' Hot Line Frustrates Borrowers Needing Help Now

    BusinessWeek - In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets.
    2008-03-17 10:54:00
  • Age can play a role in your mortgage equation

    Chicago Tribune - As an aside, he said, the big problem nowadays for the elderly is mortgage fraud, with unscrupulous lenders targeting the built-up equity in the older person's home.
    2008-03-17 05:21:00
  • Banks rethink relationships with mortgage brokers (Orange County Register)

    Industry that flourished after the S&Ls collapsed could find its role reduced after lending correction.
    2008-03-17 12:45:20
  • Lawyers Swoop In on Bear Stearns (The New York Sun)

    The first reported class-action lawsuit against the Bear Stearns Cos. in the wake of its near-implosion was filed this afternoon by a San Diego-based law firm, Coughlin Stoia Geller Rudman Robbins LLP. Coughlin Stoia said it filed the case this afternoon in federal district court in Manhattan on behalf of Eastside Holdings Inc. The suit alleges that Bear Stearns and its leaders made false ...
    2008-03-17 01:06:07
  • Supermarket Chain Reports Data Breach (WCVB Boston)

    Hannaford Supermarket is the latest major retailer to fall victim to a security breach.
    2008-03-17 01:37:03
  • (AFX UK Focus) 2008-03-17 22:52 GMT: Ameriquest's Arnall dies in LA at 68 (Interactive Investor)

    LOS ANGELES (AP) - Ameriquest Mortgage founder Roland Arnall, a billionaire who became a symbol of the struggling sub-prime lending industry he helped create, died Monday at UCLA Medical Center, his family said. He was 68.
    2008-03-17 04:13:05
  • Bankruptcies in El Paso rise again (El Paso Times)

    Edgar Borrego, an El Paso bankruptcy lawyer, says he expects that El Paso bankruptcies, which increased more than 40 percent in January and February compared with a year ago, may continue at that pace for the rest of the year.
    2008-03-17 05:00:10
  • Examiner.com Related Articles: (The San Francisco Examiner)

    Arnall's fortune was estimated at $1.5 billion by Forbes magazine last year. Arnall stepped down from his ambassadorship this month, saying he planned to return to the U.S.
    2008-03-17 05:04:41
  • Daughter of Atlanta mayor sentenced to 3 years probation (The Greenville News)

    A daughter of the mayor of Atlanta was sentenced in Greenville federal court today to three years of probation for financial fraud in connection with a coast-to-coast drug syndicate that prosecutors say involved mayor's ex-son-in-law and pumped hundreds of kilos of Mexican cocaine into the Upstate from Atlanta over the course of several years.
    2008-03-17 06:02:56
  • PriceMyLoan Joins Xerox's BlitzDocs Provider Network

    Biloxi Sun Herald - BlitzDocs customers benefit from a network with tens of thousands broker shops, the top seven mortgage insurance companies and four of the top due diligence providers.
    2008-03-15 05:59:00
  • The subprime blame game is shifting to the courts

    Houston Chronicle - NEW YORK — Insurance lawyer David Grais has been poring over equations in finance books to get up to speed on his new specialty: lawsuits stemming from the subprime mortgage debacle. With his traditional insurance practice slowing down, the 55-year ...
    2008-03-14 05:53:00
  • AARP Services Inc. and Genworth Financial Introduce New Innovative and ...

    PR Inside - Mortgage Insurance. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists.
    2008-03-16 02:13:00
  • FCStone Group, Inc. Issues Statement On Market Conditions

    MSN MoneyCentral - FCStone has no direct exposure to the sub-prime mortgage-backed securities or auction rate securities that are driving the ... is comfortable continuing these relationships, as it insures the counterparties' performance through trade credit insurance ...
    2008-03-17 02:51:00
  • Schatz Nobel Izard P.C. Announces Class Action Lawsuit Against The PMI ...

    MSN MoneyCentral - ... that Defendants concealed the following facts: (i) PMI's investment in FGIC Corporation ("FGIC") was materially impaired as FGIC's bond insurance arm had significant exposure to defaults on bonds it insured due to the plunge in value of mortgage debt ...
    2008-03-17 01:10:00
  • Artilium FD joins new team at MoneyQuest

    Stockhouse Canada - The company was an early pioneer of internet and telephone based mortgage and insurance broker. Under Reynolds leadership, MoneyQuest has been recognised through Best Companies Awards 2006, 2007 and Best Overall Business in Glasgow 2006.
    2008-03-17 02:51:00