Mortgage and Financial News From 2008-8-2 Page 13
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Study alleges bias in mortgage loans - Minneapolis Star Tribune
Where on a loan application does it ask for your race? These applications are obviously fed into computer that determines eligibility based … read more on income, past credit record, liabilities, assets, etc. The federal government put pressure on ...
2008-07-30 05:54:00 -
Mortgage rates fell slightly in week - United Press International
WASHINGTON, July 31 (UPI) -- Interest rates for 30-year, fixed-rate mortgages declined in the United States in the last week, the Federal Home Loan Mortgage Corp. ( NYSE:FRE ) said Thursday. The 30-year, fixed-interest rate averaged 6.52 percent with ...
2008-07-31 09:10:00 -
Bernanke and the Fed Won't Raise Rates Any Time Soon - BusinessWeek
by James Cooper The second half of 2008 is shaping up to be a crucial period for the economy and the Federal Reserve. After a resilient first half, growth appears to be slipping again owing to continued weakness in housing, tighter credit conditions ...
2008-07-30 05:54:00 -
Mortgage rates drop as oil eases - CNN Money
NEW YORK (CNNMoney.com) -- Mortgage rates fell slightly this week according to a weekly report released Wednesday, as lower oil prices briefly ease fears of price inflation. The Primary Mortgage Market Survey from mortgage finance company Freddie Mac ...
2008-07-31 08:20:00 -
U.S. 30-, 15-year mortgage rates fall in latest week - Reuters
WASHINGTON, July 31 (Reuters) - U.S. 30- and 15-year mortgage rates fell in the latest week as fears of inflation abated, according to a survey released on Thursday by home funding company Freddie Mac. U.S. 30-year mortgage rates fell to an average ...
2008-07-31 11:05:00 -
Credit crunch family forced to live in a Vauxhall Vectra - Daily Mirror
A desperate family have been forced to live in their car after having their home repossessed. Four-months pregnant Laura Whitney, 28, partner Richard Webster, 32, Jessica, seven, and Jack, two, have spent two weeks in their V-reg Vauxhall Vectra. The ...
2008-08-02 02:06:00 -
Home mortgages: Know the rip-offs - Modesto Bee
Books 3 Modestans are arrested in mortgage scam Ex-Turlock Christian School teachers accused of sending lewd text messages to teen Longtime owner of Modesto real estate company arrested Prosecutor calls Porter a murderer as closing arguments begin ...
2008-08-02 04:14:00 -
Citizens Advice funding boost under fire - Financial Times
A £9m government funding boost for the Citizens Advice service has been exposed as a sham, after the organisation warned it would only compensate for cuts to the service implemented last year. The money - one of the few concrete measures taken by ...
2008-08-01 08:36:00 -
State panel says NY foreclosures up 14 percent - Forbes
The State Commission of Investigation says mortgage fraud is on the rise and has hit hardest in New York City, Long Island and the Rochester area, regions where subprime loans are most common. The commission says consumer safeguards in New York law ...
2008-07-31 09:32:00 -
Police Raid Businesses For Alleged Mortgage Fraud - News 4
WHEAT RIDGE, Colo. (AP) ― Wheat Ridge police led a raid this week on five homes and businesses as part of a large mortgage fraud investigation. Investigators believe many people may have been victims of the scheme. Officers started to look into the ...
2008-08-01 06:03:00 -
2 men arrested in data breach (San Gabriel Valley Tribune)
A Pasadena man was arrested Friday and charged with illegally accessing computers containing the personal identification information of Countrywide Home Loan customers and selling the data, federal officials announced.
2008-08-01 11:58:54 -
Federal building visit brings weapon charges (The Philadelphia Inquirer)
A Florida couple was charged on multiple weapons counts yesterday after attempting to enter a federal building in Philadelphia with live ammunition and knives.
2008-08-02 12:28:05 -
Lender's ex-worker held in sale of client IDs (Long Beach Press-Telegram)
Analyst is alleged to have made up to $70,000 by passing data to man to sell.
2008-08-02 01:09:15 -
Scare due to knives, gun shells (The Morning Call)
Florida pair's arrest in Philadelphia caused evacuation. A couple who tried to bring knives and shotgun shells through a federal building metal detector had been ordered to undergo psychiatric examinations in Florida, federal authorities said Friday. The two were charged with weapons offenses and ordered held without bail.
2008-08-02 01:13:28 -
Government vehicles cost $3.4B in '07 (Statesville Record & Landmark)
Americans love their cars, and so apparently does Uncle Sam. He's got 642,233 of them. Operating those vehicles - maintenance, leases and fuel - cost taxpayers a whopping $3.4 billion last year, according to General Services Administration data obtained and analyzed by The Associated Press. While Cabinet and other officials say they need the vehicles to do their jobs, watchdogs say mismanagement ...
2008-08-02 01:17:20