Mortgage and Financial News From 2008-1-16 Page 13

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  • Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against Ambac Financial Group, Inc. (Centre Daily Times)

    Coughlin Stoia Geller Rudman & Robbins LLP ("Coughlin Stoia") (http://www.csgrr.com/cases/ambac/) today announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Ambac Financial Group, Inc. ("Ambac") (NYSE:ABK) common stock during the period between October 19, 2005 and November 26, 2007 (the "Class ...
    2008-01-16 02:24:58

  • Apollo Loses Lawsuit, Must Pay Up to $277.5 Million (Update5) (Bloomberg.com)

    Jan. 16 (Bloomberg) -- Apollo Group Inc., owner of the for- profit University of Phoenix, lost a shareholder securities-fraud lawsuit claiming damages of as much as $277.5 million.
    2008-01-16 03:37:02

  • Metro Targeting Real Estate Fraud (KLAS Las Vegas)

    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 weeks and months ahead. Reporter Alyson McCarthy has the story tonight at 6.
    2008-01-16 03:49:46

  • (AFX UK Focus) 2008-01-17 00:07 GMT: ND woman to plead guilty to wire fraud (Interactive Investor)

    FARGO, N.D. (AP) - A north central North Dakota woman accused of using a fake law degree and the name of a fictitious employee to forge real estate title documents plans to plead guilty in federal court.
    2008-01-16 04:41:15

  • International Forecaster January 2008 (#5) - Gold, Silver, Economy + More (GoldSeek.com)

    The following are some snippets from the most recent issue of the International Forecaster. For the full 20 page issue, please see subscription information below.
    2008-01-16 07:20:03

  • Murray: More FBI agents needed in Washington state (The Olympian)

    The FBI's decision to transfer thousands of agents nationwide to counterterrorism duties is crippling the ability of local law enforcement to investigate and prosecute complex fraud, identity theft and computer crimes, several Washington police officials told Sen. Patty Murray on Wednesday.
    2008-01-16 07:46:49

  • Former City Councilwoman Receives Light Sentence In Mortgage Fraud ...

    Kansas City Call - She said she trusted mortgage broker, Ricky L Hamilton, to ensure that all of the mortgage papers were legitimate. During the trial, she specifically stated that she asked Hamilton if all of the paper work was proper. She admitted that she signed ...
    2008-01-16 02:56:00

  • Prime Time: The New Boom In Refinancing

    Wall Street Journal - She told her mortgage broker to keep her in mind if rates ever slipped below 6% again. "When he called recently, I had sort of forgotten about this," Ms. Furlong says. "I was surprised to hear rates have dropped so significantly." She locked in a rate ...
    2008-01-16 06:09:00

  • Money talk: Mortgage deals

    Daily Telegraph - In this case, a fixed-rate might be a wiser choice.Richard Morea, from mortgage broker London & Country, says: "Talk to your lender when you are remortgaging to see if they can offer you a good deal, but remember there are over 100 lenders on the ...
    2008-01-16 07:06:00

  • Ontario seeks comment on mortgage broker regulatory regime - Investment Executive

    Ontario seeks comment on mortgage broker regulatory regimeInvestment Executive, Canada - 5 hours agoBy James Langton A new act updating the legislation governing this sector will be fully proclaimed on July 1. The Ontario government says it is moving ...
    2008-01-16 01:58:42

  • Analysts: Ukrainians in search of high returns should buy stocks - Kyiv Post (subscription)

    Analysts: Ukrainians in search of high returns should buy stocksKyiv Post (subscription), Ukraine - 4 hours ago“Even the recent global mortgage crisis practically didn’t affect the Ukrainian stock market, because the low liquidity and internal support on the side of ...
    2008-01-16 02:46:59

  • Asante Real Estate Group Announces Campbell, California Franchise ... - PR-Inside.com (Pressemitteilung)

    Asante Real Estate Group Announces Campbell, California Franchise ...PR-Inside.com (Pressemitteilung), Austria - 4 hours agoCarey Sutton, CEO and Founder of Asante Real Estate, says that "Broker/Owner Roger Cummings and his team have extensive expertise and knowledge of the ...
    2008-01-16 03:22:51

  • City’s housing market isn’t hot, but it’s not cold - KC Community News

    City’s housing market isn’t hot, but it’s not coldKC Community News, KS - 4 hours agoWhile housing news does sound depressing, it’s not as bad as it could be, said Joanna Williams, the broker and manager of Prudential Cater-Duffey REALTORS ...
    2008-01-16 03:25:24

  • Former City Councilwoman Receives Light Sentence In Mortgage Fraud ... - Kansas City Call

    Former City Councilwoman Receives Light Sentence In Mortgage Fraud ...Kansas City Call, MO - 2 hours agoBishop Weaver maintained that she never intended to live in the home and did not read the mortgage papers. She said she trusted mortgage broker, ...
    2008-01-16 05:01:40

  • Two jurors set in Hanson murder trial - Chicago Tribune

    Two jurors set in Hanson murder trialChicago Tribune, United States - 2 hours agoAuthorities allege Eric Hanson, a self-employed mortgage broker, killed the family members after Kate Hanson-Tsao discovered her brother stole almost $80000 ...
    2008-01-16 05:07:06

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