Mortgage and Financial News From 2008-2-3 Page 43

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  • Calif. Mortage Broker Gets 29 Years For Swindling Clients (Bayinsider)

    SAN JOSE -- A disgraced mortgage broker was sentenced to 28 years and four months in state prison for embezzling $43 million during a decade-long scheme in which he promised dozens of clients he would invest their money funding mortgages in the Bay Area's heated real estate market.
    2008-02-02 10:59:43

  • Students reach out to woman stripped of $2 million in assets (Seattle Times)

    Eight girls on the cusp of womanhood gathered around the kitchen table looking for a connection to the 96-year-old widow with Alzheimer's...
    2008-02-03 12:05:23

  • Digest (Baltimore Sun)


    2008-02-03 12:50:25

  • Stakes Rise In Subprime Cleanup (Law Fuel)

    Federal criminal prosecutors in New York are investigating whether UBS AG misled investors by booking inflated prices of mortgage bonds it held despite knowledge that the valuations had dropped, according to people familiar with the matter. Check out the LawFuel Jobs Network at http://www.lawfuel.com/law-jobs.asp
    2008-02-03 01:24:52

  • Lenders who cashed in and left, leaving losers behind (International Herald Tribune)

    If the FBI grabs even a fraction of the mortgage captains - those who jumped ship - it could take eons. And many of them may be guilty only of greed, not a crime.
    2008-02-03 01:43:13

  • "Gunless robbery" hurts your credit rating (Asbury Park Press)

    I was the victim of a form of identity theft — twice.
    2008-02-03 01:48:59

  • Wife of villain wanted for £53m Securitas raid tells why she believes he was murdered (Daily Mail)

    He is Britain's number one fugitive, believed by police to have fled to Cyprus with loot from the £32 million Securitas depot robbery in 2006. But as five of the gang are convicted at the Old Bailey, Therese Lupton is convinced that husband Sean has been murdered - by a sinister gangland 'Mr X'
    2008-02-03 02:50:00

  • U.S. Mortgage Rates Rising in Wake of Fed Cut

    Stockhouse Canada - But while it's difficult to predict the direction of rates with any certainty, Brian Saviano, a mortgage broker with Elite Financial Investments in Oak Brook, Ill., said he thinks mortgage rates will stay put for awhile, relatively speaking. Yet he ...
    2008-01-31 03:57:00

  • Nash legacy one of gains, controversy

    Charleston Post & Courier - Ron Turner, a Summerville real estate agent and mortgage broker who has been active in Nash's campaign, describes the sheriff as "a great cop" and "a man of great integrity." He says Nash's critics are just blowing matters out of proportion to gain ...
    2008-02-02 09:31:00

  • 3 hrs ago » Calif. mortage broker gets 28 years for swindling clients ...

    San Francisco Examiner - SAN JOSE, Calif. ( Map , News ) - A disgraced mortgage broker was sentenced to 28 years and four months in state prison for embezzling $43 million during a decade-long scheme in which he promised dozens of clients he would invest their money funding ...
    2008-02-02 03:54:00

  • Lenders singling out specific counties

    San Francisco Gate - Paul Skeens, head broker for Carteret Mortgage Corp. in Waldorf, Md., said he had observed that lenders' county and ZIP code designations "have their heaviest impacts on areas with high proportions of minority groups and people with moderate incomes ...
    2008-02-03 01:56:00

  • We're all holding on by our fingernails.'' RITCH WORKMAN Melbourne ...

    Allentown Morning Call - The general consensus is we're all holding on by our fingernails,'' says Melbourne, Fla., mortgage broker Ritch Workman, whose 21-employee company closed an estimated $35 million worth of home loans in 2007, compared with $100 million in 2005, when ...
    2008-02-03 12:01:00

  • Does it make sense to refinance now?

    Miami Herald - A mortgage broker or loan officer can tell you that. Ask the loan officer, or consult a mortgage calculator, to determine what your principal and interest would be with the new loan. Look at your payment coupon to find out what your current monthly ...
    2008-02-03 12:01:00

  • Opinion called 'misguided' - Marin Independent-Journal

    Opinion called 'misguided'Marin Independent-Journal, CA - 5 hours agoA real estate broker e-mailed to criticize what she called my "misguided and negative" opinion. She added that anybody who has their house on the market has ...
    2008-02-02 09:39:39

  • Small bump in credit score could mean a cheaper loan - San Francisco Chronicle

    Small bump in credit score could mean a cheaper loanSan Francisco Chronicle,  USA - 5 hours agoAnd the higher the interest rate, the bigger the broker's commission from the lender, known in the industry as a yield-spread premium. That is why, mortgage ...
    2008-02-02 09:39:57

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