U.S. stocks jumped and bond prices fell on Friday on expectations a resolution to the subprime mortgage crisis is taking shape and the Federal Reserve is on course to cut interest rates in two weeks.
Original post by Yahoo! News Search Results for mortgage
Nov. 30 (Bloomberg) — Defaults by U.S. homeowners with private mortgage insurance rose last month to the highest since at least August 2001, adding to evidence that the housing slump is getting deeper at the start of its third year.
Original post by Yahoo! News Search Results for mortgage
Arelia Taveras, 46, Bloomington, Minnesota, and Mark Jacobs, 58, Glen Head, New York. Taveras, who is accused of stealing a total of $99,142 from four clients, is charged with three counts of third-degree grand larceny, second-degree forgery, first-degree offering a false instrument for filing and scheme to defraud. Jacobs is charged with second-degree grand larceny for allegedly stealing $91,564 from a client. If convicted, Taveras faces up to seven years in …
Original post by default@goarticles.com (Scott Tucker)
NEW YORK (MarketWatch) — Shares of mortgage-related stocks rose sharply on Friday, the last trading day of the month, after a published report said banks and federal officials are close to an agreement that would freeze adjustable rate mortgage loans for troubled borrowers to prevent an unprecedented foreclosure crisis.
Original post by Yahoo! News Search Results for mortgage
Banks have agreed to extend to Jan. 31 an agreement not to foreclose on delinquent customers of a defunct Exeter Township mortgage company.
Original post by Yahoo! News Search Results for mortgage
MSNBC, Reuters, and The Wall Street Journal were reporting early
Friday that the United States Treasury is about to
announce a plan to help some subprime borrowers save
their homes from foreclosure.
The plan apparently involves an agreement between the Treasury and
leaders of the mortgage industry to hold rates steady on many
adjustable rate mortgages that….
Original post by Darin
Dawn Renee Harpster, 38, Kidder, Missouri, pled guilty in federal court to defrauding a North Kansas City, Missouri bank in a series of loans. Harpster, formerly doing business as Northwest Missouri Title Co., LLC, Gallatin, Missouri, admitted that she defrauded Norbank by obtaining five loans totaling $866,810 between March 2006 and December 26, 2006.
According to the criminal information, for each of those loans, Harpster admitted, she …
Original post by default@goarticles.com (Scott Tucker)
It is sometimes hard to keep up with all of the housing surveys that
come from economic forecasters, trade associations, and the government
but one we always look forward to is the quarterly Office of Federal
Housing Enterprise Oversight (OFHEO) House Price
Index (HPI) study.
Original post by Darin