Mortgage and Financial News From 2007-9-20 Page 9

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  • Paulson Considering Mortgage Change (WCSH 6 Portland)

    WASHINGTON (AP) -- Shifting course, Treasury Secretary Henry Paulson planned to tell Congress he would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy loans exceeding $417,000.
    2007-09-20 02:35:15

  • Fannie Mae mortgage regulators ease limits (The Plain Dealer)

    Washington -- The government on Wednesday nudged higher the investment caps for home-loan finance companies Fannie Mae and Freddie Mac in an effort to alleviate strain in the mortgage market.
    2007-09-20 07:06:14

  • Good mortgage deals still available despite turmoil

    MyFinances.co.uk - The mainstream mortgage market is functioning normally during the credit crunch, according to mortgage broker John Charcol. While the sub-prime mortgage market has seen a virtual collapse in America - with the effects being felt in the UK in recent ...
    2007-09-20 01:12:00

  • Three charged in real estate fraud case

    Minnesota Public Radio - Fabel says 10Spring worked with a mortgage broker to falsify loan applications to ensure the investors would get the loans it was profiting on. "It's very illegal because it's premised upon fraud, false loan applications. And the falsity is being ...
    2007-09-20 12:18:00

  • 1:46 p.m. -- Cease and desist order issued against real estate broker ...

    Idaho Statesman - An order to cease and desist has been issued against real estate broker Gary James Sroka and Joseph Terrazas, a mortgage loan originator, both based in San Clemente, Calif., according to Gavin Gee, Director of the Idaho Department of Finance. The ...
    2007-09-20 12:32:00

  • Detainee freed, but unable to leave Iran

    International Herald Tribune - Shakeri, a 59-year-old real estate and mortgage broker from California, is a founding member of the Center for Citizen Peacebuilding at the University of California, Irvine, and his biography on its Web page identifies him as a democracy advocate. But ...
    2007-09-20 08:14:00

  • Former Vashon Coach Floyd Irons Pleads Guilty

    KSDK - Irons and his associate told Mineo they would obtain loans for 10 percent more than the sale price of the properties through Midwest Mortgage Consultants, LLC, the firm at which Irons was employed as a mortgage broker. The additional money would be ...
    2007-09-20 12:46:00

  • Nevada scrambles to clear up confusion over new mortgage law

    Elko Daily Free Press - Marcie Benvin, a Reno mortgage broker and president of the Nevada Association of Mortgage Professionals, said she hopes the efforts work because “we don’t have a lot of time left.” “People need to understand the gravity of the situation ...
    2007-09-20 10:59:00

  • Raleigh’s “Mortgage Man” Enlightens and Entertains

    dBusinessNews.com - Raleigh , NC – National Mortgage Broker and financial expert, David M. Damaré, told Midtown Magazine reporters that “mortgages are about people and relationships as well as the economy which fluctuates daily.” Damaré, describes himself as an ...
    2007-09-20 09:55:00

  • First Trust/FIDAC Mortgage Income Fund Declares Monthly Distribution ...

    MSN MoneyCentral - ... as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891. Contact Information: First Trust/FIDAC Mortgage Income Fund Press Inquiries: Jane Doyle, 630-241-8775 Analyst Inquiries: Jeff Margolin, 630-915-6784 Broker ...
    2007-09-20 03:38:00

  • Repossessions could soar in UK

    Guardian Unlimited - The Bank of England has played down warnings of a sub-prime mortgage crisis in the UK. But Ray Boulger of Britain's largest mortgage broker, John Charcol, said: "There will be many people who will find their mortgage unaffordable. There will be ...
    2007-09-20 03:53:00

  • Which Team is Your Mortgage Broker Playing For? by Informa Research ...

    Forbes - As the popular sports saying goes, "The best offense is a good defense." The same can be said for using a broker to get a mortgage (http://articles.moneycentral.msn.com/Banking/Loan/Mortgage.aspx). Navigating the terrain of mortgages--including ...
    2007-09-20 03:17:00

  • Financials lower as focus on broker earnings, Bernanke speech (Market Watch)

    BOSTON (MarketWatch) -- Quarterly financial reports Thursday from Goldman Sachs and Bear Stearns showed some investment banks are weathering the credit crunch better than others as investors also focused on Federal Reserve Chairman Ben Bernanke's prepared comments on the mortgage market.
    2007-09-20 07:49:09

  • 1:46 p.m. -- Cease and desist order issued against real estate broker, loan originator (The Idaho Statesman)

    An order to cease and desist has been issued against real estate broker Gary James Sroka and Joseph Terrazas, a mortgage loan originator, both based in San Clemente, Calif., according to Gavin Gee, Director of the Idaho Department of Finance.
    2007-09-20 01:09:48

  • Which Team is Your Mortgage Broker Playing For? by Informa Research Services (FinanzNachrichten)

    Navigating the terrain of mortgages “” including terminology, conditions, and the process as a whole “” can be a challenge, to say the least. Thus, to help alleviate some of the pain often associated with mortgages , many homebuyers seek the help of mortgage brokers to assist in making the process a little less daunting.
    2007-09-20 03:33:03

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