Mortgage and Financial News From 2007-10-23 Page 10

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  • Shields’ lawyer blames con man as mortgage fraud trial opens

    Kansas City Star - Lawyers opened the mortgage fraud trial of former Jackson County Executive Katheryn Shields today by painting contrasting portraits of the remaining defendants in the case. Assistant U.S. Attorney Gene Porter said Shields, her husband and two others ...
    2007-10-22 10:21:00

  • Developers expected to plead guilty in mortgage fraud case

    KARE - A longtime home builder, his wife and son-in-law are preparing to plead guilty for their roles in an alleged mortgage fraud scheme that prosecutors say bilked lenders and others out of an estimated $50 million involving nearly 200 homes. Michael ...
    2007-10-23 09:30:00

  • Developers to plead guilty in alleged mortgage fraud scheme

    KSTP - MINNEAPOLIS (AP) - A longtime Twins Cities home builder, his wife and son-in-law are preparing to plead guilty for their roles in an alleged mortgage fraud scheme. Prosecutors say the scheme bilked lenders and others out of an estimated $50 million ...
    2007-10-23 12:43:00

  • Shields Mortgage Fraud Trial Under Way (KMBC TheKansasCityChannel.com via Yahoo! News)

    The trial involving former Jackson County Executive Kathryn Shields got under way at the federal courthouse on Monday.
    2007-10-22 08:09:08

  • Developers expected to plead guilty in alleged mortgage fraud scheme (WKBT La Crosse)

    MINNEAPOLIS (AP) - A longtime Twins Cities home builder, his wife and son-in-law are preparing to plead guilty for their roles in an alleged mortgage fraud scheme.
    2007-10-23 08:32:20

  • Home Builder To Plead Guilty To Mortgage Fraud (WCCO Minneapolis/St. Paul)

    A longtime home builder, his wife and son-in-law are preparing to plead guilty for their roles in an alleged mortgage fraud scheme that prosecutors say bilked lenders and others out of an estimated $50 million involving nearly 200 homes. More Crime News
    2007-10-23 09:16:00

  • Developers expected to plead guilty in mortgage fraud case (KARE 11 Minneapolis-St. Paul)

    A longtime home builder, his wife and son-in-law are preparing to plead guilty for their roles in an alleged mortgage fraud scheme that
    2007-10-23 09:46:26

  • 'Marketplace' Report: Mortgage Relief

    NPR News - Day to Day , October 23, 2007 · The nation's biggest mortgage lender will modify or refinance $16 billion in loans to ... Financial's announcement, as well an effort on Capitol Hill to allow homeowners with risky loans to sue Wall Street companies ...
    2007-10-23 09:51:00

  • Stocks are a bit higher, but investors still nervous

    USA Today - Wall Street had sold off as worries about the credit market's effect on the economy escalated, when several blue-chip companies offered dimmer-than-anticipated outlooks and S&P downgraded more mortgage-backed securities. However, stock and bond ...
    2007-10-23 10:27:00

  • Carstens Defends Mexico Outlook for Growth, Inflation (Update2)

    Bloomberg - Borrowing by the country's small and medium-size companies surpassed consumer and mortgage debt for the first time two months ago, signaling that the economy is responding to rising employment and consumer demand with plans to increase output ...
    2007-10-23 10:27:00

  • Stop Trading!: Mortgage Insurers 'on the Ropes'

    CNBC - Mortgage insurers like MGIC Investment MTG and PMI Group PMI were down about 10% with an hour left in trading on Tuesday ... is clearly unraveling,” “delinquent loans are worrisome” and “the estimates are for big losses.” “These companies ...
    2007-10-23 12:07:00

  • Staring into Countrywide's abyss

    CNN Money - Even in the difficult periods that both of those companies went through earlier this decade, neither approached that kind of downturn. Given Countrywide's dominance in the mortgage industry, and the sector's role in fueling the crucial home building ...
    2007-10-23 12:29:00

  • Don't require consumers to take a credit class

    Lowell Sun - But let's stop and look at the other side of the coin, the mortgage companies who lent out all this money to people they knew, or reasonably should have known, could not pay the loans back. Allowing someone to borrow $300,000 when they make $27,500 a ...
    2007-10-23 08:33:00

  • Top Earnings Growers

    Forbes - West Coast companies peddling wild new technologies have become something of a safe haven. The mortgage crisis that has sapped the strength from once-hot home builders and banks has left the earnings power of tech companies such as Apple (nasdaq ...
    2007-10-23 10:34:00

  • Ross Can Buy American Home Mortgage Service Unit, Judge Says

    Bloomberg - Oct. 23 (Bloomberg) -- Wilbur L. Ross Jr., who became a billionaire by investing in failed steel and textile companies, won court approval to buy the loan-servicing unit of bankrupt American Home Mortgage Investment Corp. for as much as $500 million ...
    2007-10-23 12:14:00

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