Mortgage and Financial News From 2007-8-31 Page 2

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  • Bush to offer help to people with risky mortgages (Atlanta Journal-Constitution)

    Offering federal help for strapped mortgage holders, President Bush is proposing to aid hundreds of thousands of borrowers hard hit by the housing slump. [ Submit your comments below. ] The president on Friday was to talk about several initiatives and reforms to help homeowners with risky mortgages keep their homes, a senior administration official said Thursday. Bush also was to discuss efforts ...
    2007-08-31 09:55:51

  • Yen Heads for Second Monthly Increase Versus the Dollar on Risk (Bloomberg.com)

    Aug. 31 (Bloomberg) -- The yen is heading for a second monthly gain versus the dollar as losses in U.S. subprime mortgages weakened global credit markets, prompting investors to sell risky assets funded by loans in Japan.
    2007-08-31 07:04:57

  • Yen Gains for Second Straight Month Versus Euro, Dollar on Risk (Bloomberg.com)

    Aug. 31 (Bloomberg) -- The yen gained for a second straight month versus the dollar as losses in U.S. subprime mortgages weakened global credit markets, prompting investors to sell risky assets funded by loans in Japan.
    2007-08-31 08:19:57

  • 2 guilty in mortgage scheme

    Pioneer Press - Two more Twin Cities mortgage brokers have pleaded guilty as the U.S. Attorney's office continues its crackdown on mortgage fraud. Sean Leaf of Woodbury and Christopher Horton of Minnetonka, both 34, pleaded guilty in federal court Thursday to one ...
    2007-08-30 12:59:00

  • Suspect in two bank robberies charged

    Minneapolis Star Tribune - Two mortgage fraud defendants plead guilty Judge's ruling yields evidence for defense in U rape case Suspect in two bank robberies charged Public-sex crackdown takes police to Internet 8th guilty plea ties another knot in a complicated web of family ...
    2007-08-30 12:59:00

  • Osceola man pleads guilty in real-estate fraud case

    Orlando Sentinel - An Osceola County man accused of defrauding home buyers and mortgage lenders faces five years in prison and 15 years of probation as part of a plea he entered Thursday in Osceola Circuit Court. Leandro Javier Obenauer , 38, was charged with ...
    2007-08-31 09:40:00

  • Bush, Democrats square off on mortgage plans

    MSNBC - ... what Bush announced Friday, aiming to help repair the damage done by years of reckless lending, outright fraud and borrowers taking on more debt than they could afford. More than 100 lenders have been forced to close their doors, and the mortgage ...
    2007-08-31 09:00:00

  • Fitch Rates SAMI II $298.56 MM Prime Mortgage Trust Series 2007-3

    Forbes - Fitch believes the above credit enhancement will be adequate to support mortgagor defaults as well as bankruptcy, fraud and special hazard losses in limited amounts. In addition, the ratings also reflect the quality of the underlying mortgage ...
    2007-08-31 07:49:00

  • Two indicted in mortgage fraud

    Record - SACRAMENTO - A federal grand jury Thursday indicted a Stockton man and another person in an alleged mortgage fraud scheme in which 10 homes were illegally flipped, while charges against a third person have been dropped. Iftikhar Ahmad, 36, was ...
    2007-08-31 06:48:00

  • Two mortgage fraud defendants plead guilty

    Minneapolis Star Tribune - Two mortgage fraud defendants plead guilty Judge's ruling yields evidence for defense in U rape case Suspect in two bank robberies charged Public-sex crackdown takes police to Internet 8th guilty plea ties another knot in a complicated web of family ...
    2007-08-30 12:59:00

  • Two indicted in San Joaquin Valley mortgage fraud

    Houma Courier - A federal grand jury indicted two Central Valley residents for allegedly engaging in a subprime mortgage fraud scheme during the recent housing boom. Iftikhar Ahmad, 36, of Stockton, and Manpreet Singh, 24, of Sacramento were charged with multiple ...
    2007-08-31 05:26:00

  • Two Stockton Residents Alleged In Housing Fraud (CBS 13 Sacramento)

    Two Stockton residents are being charged with engaging in a subprime mortgage fraud scheme during the recent housing boom.
    2007-08-31 04:23:00

  • 2 guilty in mortgage scheme (Pioneer Press)

    Two more Twin Cities mortgage brokers have pleaded guilty as the U.S. Attorney's office continues its crackdown on mortgage fraud.
    2007-08-31 05:12:26

  • Stockton Man Indicted on "Flipping" Fraud Charges (News10 Sacramento)

    A Stockton man has been indicted for alleged mail fraud and money laundering in connection with a mortgage fraud scheme involving turn-around sales of homes at big price increases.
    2007-08-31 05:06:31

  • Two mortgage fraud defendants plead guilty (Minneapolis-St. Paul Star Tribune)

    Two of six defendants charged this month with conspiracy to commit mortgage fraud pleaded guilty Thursday in federal court in Minneapolis. Christopher Adam Horton, 34, of Minnetonka, and Sean Brian Leaf, 34, of Woodbury, admitted to participating in a scheme to file fraudulent information to banks and mortgage lenders to help applicants get loans between 2000 and August 2004. The two men ...
    2007-08-31 04:07:53

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