Mortgage and Financial News From 2007-11-6 Page 19

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  • 3 accused of mortgage fraud (Modesto Bee)

    A Web site maintained by one of the key players in a Modesto-based mortgage elimination scheme sug- gested that homeowners could legally write off their loans by filing some simple paperwork with government agencies.
    2007-11-06 05:56:36

  • IndyMac mortgage posts big loss, cuts dividend (USA Today)

    IndyMac Bancorp (IMB), one of the nation's largest independent mortgage lenders, posted a quarterly loss more than five times larger than it had projected Tuesday, hurt by mounting delinquencies and a collapse in investor demand to buy its home loans.
    2007-11-06 06:38:12

  • IndyMac mortgage loss dwarfs its own forecast (Reuters via Yahoo! News)

    IndyMac Bancorp Inc , one of the largest independent U.S. mortgage lenders, on Tuesday posted a quarterly loss more than five times larger than it had projected, hurt by mounting delinquencies and a collapse in investor demand to buy its home loans.
    2007-11-06 06:46:18

  • Corporate Auditors Cracking Down

    Hartford Courant - This has to do with how companies value their risky mortgage assets. Auditors are collectively saying they will take a hard ... Without a market to base prices on, company managers must make assumptions to calculate their valuations, such as the percent ...
    2007-11-04 03:54:00

  • Subprime crisis affects banks worldwide

    Reuters UK - On September 21, it announced the closure of its U.S. subprime unit, Decision One Mortgage, and records an impairment charge ... French bank bars investors from redeeming cash in $2.2 billion worth of funds, telling the markets it is unable to calculate ...
    2007-11-06 02:58:00

  • If you need to modify loan, be persistent

    Seattle Times - For this purpose, borrowers should calculate their total debt ratio: the sum of mortgage payment, other debt payments, property taxes and homeowner insurance as a percent of their gross (before-tax) income. This number should be calculated now, what ...
    2007-11-02 05:53:00

  • Darling pleads for mortgage lenders to show caution

    Scotsman - Interests rates were kept low by NuLab removing house price inflation from the indices use to calculate interest rates so ... Is a mortgage easier to pay of in a market that is doing whatever the opposite to a 'slowdown' is? I'm all confused now. ...
    2007-11-06 06:04:00

  • Sotheby's Surprising Sizzle

    BusinessWeek - See Rates - No Credit Check Required! Mortgage Refinance Rates at 4.875%   Get $225,000 home loan for $914/month. Calculate Your New Payment. No SSN Required - Act Now! Introducing Intel(r) vPro(TM) Technology   Manage and protect your PC fleet with ...
    2007-11-06 06:04:00

  • The Last Tycoon of Print

    BusinessWeek - See Rates - No Credit Check Required! Mortgage Refinance Rates at 4.875%   Get $225,000 home loan for $914/month. Calculate Your New Payment. No SSN Required - Act Now! Introducing Intel(r) vPro(TM) Technology   Manage and protect your PC fleet with ...
    2007-11-06 06:04:00

  • So Many Ads, So Few Clicks

    BusinessWeek - See Rates - No Credit Check Required! Mortgage Refinance Rates at 4.875%   Get $225,000 home loan for $914/month. Calculate Your New Payment. No SSN Required - Act Now! Introducing Intel(r) vPro(TM) Technology   Manage and protect your PC fleet with ...
    2007-11-06 06:04:00

  • Japan’s leading indicator falls to zero (Financial Times)

    Japan’s diffusion index of leading economic indicators fell to zero in September, suggesting a long recovery in the world’s second-biggest economy could be facing a rough patch.
    2007-11-06 12:23:56

  • Corporate Auditors Cracking Down (Hartford Courant)

    They're Taking A Hard Line On How Companies Value Risky Mortgage Assets Corporate auditing firms are showing signs that they learned their lesson from the bad old days of Enron and WorldCom. And if they are holding companies' feet to the flames on questionable accounting moves, that's nothing but good news for investors.
    2007-11-05 07:54:25

  • Small business owners learn about resources

    Coshocton Tribune - COSHOCTON - Ohio Treasurer Richard Cordray addressed several small business owners and several people thinking about starting a small business Monday in the meeting room at Kids America. It was a networking opportunity organized by the Coshocton Port ...
    2007-11-06 04:17:00

  • Westfield defies subprime woes

    Age - WESTFIELD, the world's biggest shopping centre owner and landlord, has shrugged off US subprime mortgage concerns and interest rate movements to report a rise in overall retail sales of 4 per cent for the three months to September 30. In doing so ...
    2007-11-06 04:46:00

  • Citigroup's Stuckey to Run Subprime Unit After Losses (Update3)

    Bloomberg - Stuckey, 51, will run the Sub-Prime Portfolio Group, created after the largest U.S. bank by assets said Nov. 4 that it ... The Long-Term Capital hedge fund was holding derivatives tied to interest-rate and equities that readily trade. ``The ...
    2007-11-06 05:57:00

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