Mortgage and Financial News From 2008-1-16 Page 11

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  • FCC chief says economy could hurt wireless sale - Reuters

    FCC chief says economy could hurt wireless saleReuters - 23 minutes agoThe auction comes at a time when a meltdown in the US housing and subprime mortgage markets has severely pinched the ability of companies to raise capital. ...
    2008-01-16 08:19:44

  • Foreclosures hit new highs (North County Times)

    December foreclosure sales in San Diego County quadrupled year over year, and statewide, sales of new homes in November dropped 55 percent from the previous year, according to three reports released Tuesday that analysts said indicate the state's housing recession will continue to worsen before it recovers.
    2008-01-16 08:00:33

  • Eurpopean, Asian markets decline (The Press-Enterprise)

    LONDON - European stocks fell Wednesday following steep slides in Asian shares amid growing speculation the U.S. economy, a vital export market, could slide into a recession.
    2008-01-16 08:08:01

  • Bush Sets Windfall for Co-ops in City (The New York Sun)

    A little-noticed provision in President Bush's plan to alleviate homeowners' mortgage debt will provide a windfall for cooperatives across the city. The Mortgage Forgiveness Debt Relief Act of 2007 will allow co-ops to raise the rents for retail tenants — equaling hundreds of millions of dollars across the city — enabling the buildings to hire doormen, complete capital projects, and even stop ...
    2008-01-16 08:08:51

  • Eric Houssels' shareholder letter; Two Companies Built to Endure and Prosper in Financial Crisis (Guru Focus)

    Dear clients and friends, Approximately every ten years or so, the US financial system is perceived to be at risk of collapse. This perception is the result of humans’ acting foolishly greedy in the preceding couple of years’ run-up to the panic.
    2008-01-16 08:16:58

  • Indian shares may find buyers after losing streak (Reuters via Yahoo! Singapore News)

    BANGALORE, Jan 17 - Indian shares could snap a three-day losing streak on Thursday as investors look for value buys after the market hit three-week lows, but the grim outlook for the U.S. economy should restrict a sharp rally.
    2008-01-16 08:19:13

  • Centro Properties Poised for First Advance in 2 Weeks (Update1) (Bloomberg.com)

    Jan. 17 (Bloomberg) -- Centro Properties Group, the Australian owner of U.S. malls that's lost 90 percent of its market value in the past month, headed for its first gain in Sydney trading in almost two weeks.
    2008-01-16 08:20:22

  • US banks clamp down on lending (Straits Times)

    WASHINGTON - STUNG by billions of dollars in bad debts, US banks are clamping down on lending standards, making borrowing costlier for the consumers and companies that are the best hope for keeping the limping economy out of recession.
    2008-01-16 08:35:33

  • Banks on edge amid subprime mess (The Press-Enterprise)

    LENDING CRISIS: More are warning that the mortgage problems are just the beginning.
    2008-01-16 08:36:46

  • Asiana Corporation (GVHL) Appoints New Directors

    Forbes - ... that it has appointed two new directors to the board in anticipation of its previously announced acquisition of a Mortgage ... Although they are very convenient for consumers, they are prone to online fraud. Closed loop systems are the only type ...
    2008-01-16 01:44:00

  • Sowell: Who pays price of 'open space'? The poor

    Record Searchlight - I'll bet California probably has one of the highest rates of mortgage fraud too. Ironically, the areas in California that have seen the most appreciation aren't the liberal Bay Area counties. It's the San Bernadinos and Lincolns - conservative rural ...
    2008-01-16 03:39:00

  • ND woman to plead guilty to wire fraud

    CNBC - She is expected to plead guilty to 34 counts of wire fraud and be asked to repay about $5,000, Assistant U.S. Attorney ... Slaubaugh is accused of trying to defraud General American Corp., which was a title agent for mortgage companies. GAC is now ...
    2008-01-16 03:53:00

  • Metro Targeting Real Estate Fraud

    KLAS-TV - A local escrow officer was arrested after Metro Fraud investigators say she pocketed more than $500,000 in escrow funds. Metro says this latest case is just the tip of the iceberg in what they believe will be a deluge of mortgage fraud cases in the ...
    2008-01-16 03:03:00

  • Asiana Corporation (GVHL) Appoints New Directors - PR Newswire (press release)

    Asiana Corporation (GVHL) Appoints New DirectorsPR Newswire (press release), NY - 6 hours agoAlthough they are very convenient for consumers, they are prone to online fraud. Closed loop systems are the only type currently allowed in China. ...
    2008-01-16 01:43:44

  • The David Gorcyca Interview - Spinal Column Online

    The David Gorcyca InterviewSpinal Column Online, MI - 6 hours agoNow, probably the quickest, most burgeoning area in crime is mortgage fraud and title exploitation and people selling house they don't have title to and ...
    2008-01-16 02:04:14

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