Mortgage and Financial News From 2007-9-12 Page 8

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  • Banco Santander's Abbey first to lift mortgage rates after market ...

    Forbes - LONDON (Thomson Financial) - Abbey, the UK arm of Spanish banking giant Banco Santander, is the first high street bank to raise its mortgage rates in the wake of the turmoil in the financial markets. The lender said it is increasing its tracker ...
    2007-09-12 07:34:00

  • Home loan demand up as interest rates tumble

    Boston Globe - NEW YORK (Reuters) - Mortgage applications rose for a second straight week as interest rates sank to their lowest since May, data from an industry trade group showed on Wednesday. Market analysts, however, say data on mortgage applications may be ...
    2007-09-12 10:18:00

  • Savings rates beat 7% for first time in six years

    Guardian Unlimited - Abbey and Halifax yesterday increased their tracker mortgage rates by between 0.1% and 0.2% for new customers, partly as a result of the fallout from the US sub-prime mortgage crisis, while Standard Life bank yesterday withdrew a number of tracker ...
    2007-09-12 03:48:00

  • Home loan demand up as rates tumble (Reuters via Yahoo! News)

    Mortgage applications rose for a second straight week as interest rates sank to their lowest since May, data from an industry trade group showed on Wednesday.
    2007-09-12 10:01:46

  • 'Prepare for higher mortgage rates' , Bank of England chief warns homeowners (Daily Mail)

    Homeowners were warned to brace themselves for higher mortgage rates yesterday. Bank of England governor Mervyn King said the cost of borrowing was likely to rise whatever the Bank did with official base rates. It was effectively an admission that mortgage rates are out of the Bank's control
    2007-09-11 05:24:14

  • BMO Bank of Montreal Changes Mortgage Rates (CNW Group via Yahoo! Finance)

    BMO Bank of Montreal announced today it is decreasing its residential mortgage rates, effective September 13, 2007. The new rates are:
    2007-09-12 11:31:00

  • More News Headlines

    KSTP - 2nd man pleads guilty in alleged mortgage fraud scheme A 27-year-old man has pleaded guilty in an alleged mortgage fraud conspiracy that may involve as many as 200 homes and $50 million in losses... ...
    2007-09-10 06:10:00

  • Crisp, Cole allegations explained

    Bakersfield Californian - The company promised to make mortgage payments and planned to keep profits when the homes sold. Company principals Carl Cole ... The department’s 25-page filing repeatedly uses the words “fraud” and “dishonest dealing” to describe actions of ...
    2007-09-12 02:08:00

  • SEC sets up enforcement groups

    MSN MoneyCentral - ... been quietly forming four special "working groups" to sharpen its enforcement process and bring cases of suspected fraud ... experts were being called in from the accountant's office to explain accounting issues related to the treatment of mortgage ...
    2007-09-11 12:43:00

  • Ex-attorney sentenced for cheating and stealing

    Allentown Morning Call - ... by a federal grand jury in June 2006 and pleaded guilty in February of this year to 24 counts of mail, wire and bank fraud ... In one theft, Kasprenski took a check destined to pay off a client's mortgage and deposited it into his attorney account to ...
    2007-09-12 02:58:00

  • Property Auction

    Fox 6 - Mortgage Fraud 6/12/07 A wave of mortgage fraud may be affecting the value of homes in your neighborhood and making it more expensive for you to borrow money. John Mattes takes a look at one man hunting the con artists.
    2007-09-09 05:53:00

  • 'Free Lunch' Seminars Can Entrap Seniors

    Chicago Tribune - A probe of the meetings has uncovered high-pressure sales pitches for unsuitable products, misleading claims and even outright fraud, federal, state and securities-industry regulators said Monday. The Securities and Exchange Commission held a ...
    2007-09-09 05:53:00

  • Consultant helped elderly Peoria couple keep home

    Peoria Journal Star - PEORIA - Merle Weyeneth's decision was easy. After all, helping the victims of fraud stay in their home was the right thing to do. The Peoria-based mortgage consultant for Wells Fargo was contacted last fall to help an elderly woman and her husband ...
    2007-09-12 02:55:00

  • Safety-First Money Market Funds

    Forbes - Less than a week later, the SEC filed civil fraud charges against Sentinel Management Group. In short, the woes of this ... These should be able to weather redemptions better than smaller funds. -- Check the fund's holdings . Investments in mortgage ...
    2007-09-12 01:25:00

  • Financial Times

    Financial Times - The findings could resonate amid the subprime crisis as regulators are on heightened alert for fraud. The suspicion is that mortgage originators mis-sold products and securities were improperly packaged and sold to investors. The study looked at 700 ...
    2007-09-12 06:58:00

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