Mortgage and Financial News From 2007-10-5 Page 6

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• About this house

  Minneapolis Star Tribune - Geometry lesson Consumers mistakenly believe it's a bad time to get good mortgage House ... ABOUT THIS HOUSE Architect: Ben Awes, CityDeskStudio, Minneapolis. Contractor: ... Paul drinking water system 2 arrested in lender fraud Celebrity designer faces 59 ...
  2007-10-05 01:12:00

• Washington Mutual predicts 3Q earnings will fall 75 percent

  Seattle Post Intelligencer - SEATTLE -- Washington Mutual Inc. said Friday that the weak housing market and the recent mortgage crunch will lead to a 75 ... to update fire equipment following North Slope blazes · Former state officials get stiff sentences for airport fraud · Top ...
  2007-10-05 02:52:00

• George Knapp, Chief Investigative Reporter

  KLAS-TV - Loan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. Eyewitness News has uncovered an amazing case that involves a victimized grandmother in ...
  2007-10-05 01:26:00

• 11 arrested in Miami-Dade loan schemes

  South Florida Business Journal - Eleven suspects were arrested as part of a campaign to crack down on mortgage fraud in Miami-Dade County, police said. The eleven arrested and two suspects still at large include brokers, title agents, borrowers and sellers allegedly involved in ...
  2007-10-05 12:00:00

• Brothers plead guilty to mortgage fraud

  Newsday - ROCHESTER, N.Y. (AP) _ Two brothers whose convictions for running a mortgage scheme in suburban Rochester were recently overturned pleaded guilty Wednesday to mortgage fraud to avoid a new trial. Robert Amico, 45, and his 36-year-old brother, Richard ...
  2007-10-03 05:17:00

• Detectives bust alleged mortgage fraud scheme

  KARE - With the final touches nearly done on a major remodel project, a Brooklyn Center home is ready to hit the market. It's a long way from where it was ten months ago, when a fire all but burned the place down. "It looked like arson," says Hennepin ...
  2007-10-05 04:25:00

• Detectives bust alleged mortgage fraud scheme (KARE 11 Minneapolis-St. Paul)

  With the final touches nearly done on a major remodel project, a Brooklyn Center home is ready to hit the market.
  2007-10-05 04:31:26

• Bear Stearns target of criminal probe: Report

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... NEW YORK (CNNMoney.com) -- The U.S. attorney in Brooklyn is investigating the collapse of two mortgage-related Bear Stearns ...
  2007-10-05 12:00:00

• State Street faces more lawsuits: Report

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... The company's State Street Global Advisors unit, which handles $1.9 trillion in assets, made aggressive bets on mortgage ...
  2007-10-05 01:04:00

• Merrill suffers $5.5B subprime hit

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... Fortune 500 ) announced earlier Friday it expected its earnings to tumble 75 percent because of loan losses and mortgage ...
  2007-10-05 01:26:00

• UPDATE 3-U.S. Treasury wants wider GSE oversight -document

  Reuters - WASHINGTON, Oct 5 (Reuters) - The U.S. Treasury Department wants to expand its power to regulate how Fannie Mae and Freddie Mac access the debt markets in a reform that could stifle growth of the mortgage finance companies' investments, according to ...
  2007-10-05 02:16:00

• U.S. Economy: Job Growth Accelerates in September (Update4)

  Bloomberg - Firings at mortgage companies are also contributing to the slowdown in the labor market. Morgan Stanley, the second-biggest U.S. securities firm, said this week it plans to cut 600 jobs after a decline in mortgage-related revenue led to lower third ...
  2007-10-05 01:55:00

• Merrill Will Report Third-Quarter Loss on Writedowns (Update8)

  Bloomberg - To date, about 100 mortgage companies have halted loans or sought buyers this year. Wall Street firms found themselves with too much capacity and few buyers for subprime-backed securities as the worst housing market in 16 years cut demand ...
  2007-10-05 02:09:00

• AG sues Downeast Mortgage, Commercial Street Capital

  Portland Press Herald - Attorney General Steven Rowe has filed a lawsuit against a Maine-based mortgage lender, Downeast Mortgage Corp. and Commercial Street Capital LLC. The suit also names James Lindvall, a principal in both companies, and loan officer Catherine Campbell ...
  2007-10-05 01:26:00

• Mortgage Woes Hit Sovereign's 3Q Profits

  Forbes - The company also expects to take a $20 million pretax charge because of losses on financing provided to subprime mortgage companies that went bankrupt or defaulted on debt payments. Sovereign will take another pretax charge of $15 million to adjust ...
  2007-10-05 03:20:00

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