Mortgage and Financial News From 2008-9-23 Page 3
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CENTRAL NY BUSINESS NEWS (The Post-Standard)
• Credit for RVs loans tightens Despite climbing gas prices and the credit crunch causing consumers to spend less, recreational vehicle owners continue to drive their RVs, according to industry experts.
2008-09-23 09:13:53 -
What to expect during shaky economy (Erie Times-News)
The nation's financial crisis seems to have eased. But that doesn't mean consumers, investors and the economy are in the clear.
2008-09-23 09:13:59 -
Florida Faces More Turmoil On Mortgages (The Tampa Tribune)
As Congress hashes out the details of the mortgage bailout plan, another wave of problem loans will soon come crashing down, especially in Florida.
2008-09-23 09:21:46 -
Professors explain economy (The Advertiser-Tribune)
Exactly what is meant by an economic collapse and how would it affect Americans? Three representatives from Heidelberg College and Tiffin University addressed those questions Tuesday.
2008-09-23 09:22:15 -
Pittsburgh housing market holds on (Pittsburgh Post-Gazette)
Howard "Hoddy" Hanna III has never seen a real estate market like this -- and he has been keeping an eye on real estate for the last 40 years.
2008-09-23 09:23:04 -
Brunswick home sales up in August (The Myrtle Beach Sun News)
JESSICA FOSTER Brunswick County was the only area in North Carolina to see a year-over-year increase in home sales in August, which experts attribute in large part to population growth and lower home prices. There were 199 sales made through Brunswick County's Multiple Listing Service in August, a 31 percent increase from August 2007, according to the N.C. Association of Realtors. It marked ...
2008-09-23 09:28:55 -
Warning to remortgaging homeowners - Enfield and Haringey Independant
A third of homeowners focus on the interest rate being offered when remortgaging without looking at the overall cost of the loan, a survey showed. Magazine Which? Money warned people looking to switch home loan to make sure they look at the total ...
2008-09-23 06:15:00 -
Groups say bailout doesn't do enough for struggling homeowners - Miami Herald
The push for greater consumer protections in the pending Wall Street bailout bill intensified Tuesday as a host of advocacy groups called on Congress to include more help for American families in the legislation. As negotiations between the White ...
2008-09-23 04:56:00 -
FBI probes finance giants for fraud - News.com.au
According to the reports Lehman Brothers, Fannie Mae and Freddie Mac, and insurer AIG are being looked at. CNN said the mortgage, investment and insurance titans were part of a fraud inquiry by the FBI, which has widened its net to include probes of ...
2008-09-23 07:26:00 -
Stolen National Bank laptop had mortgage data - Globe and Mail
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2008-09-23 02:26:00 -
Mortgage fraud ringleader sentenced to 13 years - Forbes
A Kansas City businessman was sentenced to 13 years in prison for a $17 million mortgage fraud scheme that included buying a home owned by former Jackson County Executive Katheryn Shields and her husband. Raymond Zwego Jr. will also pay nearly $5.6 ...
2008-09-23 02:26:00 -
Global stocks fall on uncertainty over U.S. bailout - San Diego Union-Tribune
LONDON – European and Asian stock markets fell Tuesday amid widening fears that a U.S. plan to rescue financial companies from bad mortgage debt would do little to prevent a world economic slowdown. But stocks were higher in New York as top ...
2008-09-23 11:34:00 -
Risky Mortgages Led to Fannie and Freddie Crash - Washington Post
The regulator overseeing Fannie Mae and Freddie Mac today gave its most detailed explanation yet behind the government's seizure of the mortgage finance giants, saying the companies ultimately could not continue to cover mortgage losses without ...
2008-09-23 12:24:00 -
FBI probing Fannie, Freddie, AIG, Lehman - CNN - Forbes
WASHINGTON (Reuters) - The FBI is investigating Fannie Mae , Freddie Mac , Lehman Brothers Holdings Inc. and insurer American International Group Inc. and their executives for potential mortgage fraud, CNN reported Tuesday. (Writing by Joanne Allen ...
2008-09-23 05:25:00 -
Dire warnings fail to sway senators on big bailout (INO News)
(AP:WASHINGTON) Refusing to be pushed, Republicans and Democrats alike rebuffed dire warnings Tuesday from the government's top economic officials of recession, layoffs and foreclosed homes if Congress doesn't quickly approve the administration's emergency $700 billion financial bailout plan.
2008-09-23 08:17:20