Mortgage and Financial News From 2008-6-5 Page 8
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Bank of England Keeps Rates on Hold (Forbes)
The bank left interest rates in Britain unchanged at 5.0% despite evidence that the country??s economy is slowing further.
2008-06-05 08:57:03 -
Home foreclosures set record in first quarter (KATU Portland)
Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis' mounting damage to homeowners and the economy.
2008-06-05 08:57:41 -
House prices fall by 4% (ic Ealing.co.uk)
House prices have fallen by nearly 4% during the past year, their fastest rate of decline since 1993, figures have shown. Britain's biggest mortgage lender, Halifax, said the cost of a home slipped by a further 2.4% during May to stand at an average of £184,111.
2008-06-05 08:59:00 -
EU nations agree on guidelines to expel illegal migrants - PR Inside
LUXEMBOURG (AP) - European Union nations agreed Thursday on common rules for expelling illegal immigrants, ensuring basic rights including access to food, shelter and legal advice. The rules say illegal immigrants in the 27 member countries can no ...
2008-06-05 05:45:00 -
Why more and more women are losing custody battles over their children (Daily Mail)
They were told they could have a family AND a career. So why are so many divorced women losing custody of their children to stay-at-home husbands? Karen Martin shares her story.
2008-06-05 06:22:00 -
SunTrust Investment Services Announces Simplified Retirement Planning Program, Retirement GamePlan(TM) (PR Newswire via Yahoo! Finance)
SunTrust Investment Services, a subsidiary of SunTrust Banks, Inc. , today announced a new, coordinated multi-channel approach to retirement planning called Retirement GamePlan which provides clients with the tools to quickly and simply plan for retirement.
2008-06-05 06:39:00 -
A hunch on the crunch (Money Marketing Online)
The protection market has been caught in the crunch, according to the latest figures from the Association of British Insurers showing a fall of 2.1 per cent in regular-premium accumulation and protection new business for the first quarter compared with last year.
2008-06-05 06:43:53 -
Why some folks get a loan workout and others don't (CNNMoney.com via Yahoo! Finance)
More than 3,000 times daily, struggling homeowners call the foreclosure Help Hotline for advice on how to save their homes.
2008-06-05 07:22:00 -
Fed's Kohn expects 'weak earnings' at bank holding companies in coming quarters (The Forex Market)
WASHINGTON (Thomson Financial) - Federal Reserve Vice Chairman Donald Kohn painted a grim picture for the banking industry, warning the Senate Banking Committee that the Fed expects weak earnings and a rise in "problem assets" for banks in the coming quarters, and that new capital raised by banks so far is not enough to offset these problems.
2008-06-05 07:28:29 -
MBA: 1Q Delinquencies, Foreclosures Continue To Set Records (The Forex Market)
WASHINGTON -(Dow Jones)- U.S. mortgage delinquencies and foreclosures continued to rise in the first quarter despite efforts to calm the nation's troubled housing market.
2008-06-05 07:28:40 -
Euro Extends Gains Versus Dollar, Rises Above $1.5550 (The Forex Market)
NEW YORK (Dow Jones)--The dollar extended its losses against the euro Thursday morning after Federal Reserve Vice Chairman Donald Kohn told U.S. lawmakers the banking industry's challenges are far from over and on reports that U.S. mortgage delinquencies and foreclosures continued to rise in the first quarter.
2008-06-05 07:43:04 -
Rezko Indictment Summary - Chicago Tribune
The federal jury reached its verdict Wednesday on Antoin "Tony" Rezko, the former adviser and top fundraiser to Gov. Rod Blagojevich. Following is the jury's decision count by count: Count 1: Mail fraud. Scheme to extort $375,000 from Glencoe Capital ...
2008-06-04 02:14:00 -
Attorney general charges Greenfield investor with mortgage fraud - Union-News & Sunday Republican
BOSTON - Attorney General Martha M. Coakley sued a real estate investor in Greenfield, charging that he fraudulently obtained mortgages on multi-family homes and commercial buildings in Western Massachusetts. The lawsuit, filed Monday in Suffolk ...
2008-06-04 11:01:00 -
AG Files Mortgage Fraud Suit - Worcester Business Journal
The state is suing an Adams man, accusing him of mortgage fraud that resulted in the foreclosure of several multi-family homes. According to Attorney General Martha Coakley , Richard E. Doherty of Adams devised a scheme to falsify mortgage qualifying ...
2008-06-04 08:23:00 -
S.C. to get mortgage fraud hot line - The State
South Carolinians who think they have been the victims of mortgage fraud will have a dedicated telephone hot line to call soon. The S.C. Attorney General’s office and S.C. Department of Consumer Affairs will announce the hot line and discuss the ...
2008-06-04 08:19:00