Mortgage and Financial News From 2008-6-25 Page 01
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Sales of Existing Homes in the U.S. Probably Increased in May - Bloomberg
June 26 (Bloomberg) -- Sales of U.S. previously owned houses probably rose in May from a record low as depressed prices lured some buyers into the market, economists said before a report today. Resales rose 1.2 percent to a 4.95 million annual rate ...
2008-06-25 09:06:00 -
Labour's golden couple face expenses inquiry after 'second home ... - Scotsman
The pair, regarded as Labour's golden couple, are accused of abusing the guidelines by redesignating their shared Yorkshire constituency home as their main residence – meaning they could claim public funds for the mortgage and upkeep of their ...
2008-06-25 09:13:00 -
India's Property Boom Coming to an End, Lenders Say (Update1) - Bloomberg
June 26 (Bloomberg) -- India's five-year property boom is coming to an end as the supply of housing increases, borrowing costs rise and a stock market rout erodes buying power, according to executives at two mortgage lenders. Prices across India may ...
2008-06-25 10:03:00 -
Marshall & Ilsley Corporation to Release Second Quarter Earnings on ... - PR Newswire
MILWAUKEE, June 25/PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation today announced it will release its second quarter 2008 earnings on Wednesday, July 16, at 8:00 a.m. (Central Daylight Time). A conference call will be held at 11:00 a.m. (CDT ...
2008-06-25 09:42:00 -
Bank of Congress - Wall Street Journal
"Hopefully, there will soon be no more Countrywide," declared Barney Frank (D., Mass.) last week. Calling Countrywide "unusually sleazy," the House author of Congress's $300 billion housing bailout added: "Having Bank of America buy up Countrywide is ...
2008-06-25 07:54:00 -
Leading article: A cosy club that continues to set itsown rules (Independent)
The long list of recommendations unveiled yesterday by the House of Commons Members Estimate Committee was clearly designed to give the impression that the parliamentary stables are finally being swept out. One proposal that has already grabbed headlines is for MPs to be prevented from using public money to furnish and renovate their homes. This would spell the end of the notorious "John Lewis" ...
2008-06-25 04:19:19 -
Area man charged with running investor scheme (Examiner)
OLD BRIDGE - FBI agents and Manalapan police arrested an Old Bridge man who is alleged to have swindled investors and mortgage lenders out of about $75 million. Wayne Puff, 60, the founder and former president of New Jersey Affordable Homes (NJAH) Corp.
2008-06-25 04:49:42 -
Mortgages: cost of fixed-rate deals rises (Daily Telegraph)
Three major lenders have put up their mortgage rates as the cost of fixed-rate deals continued to rise.
2008-06-25 05:07:49 -
US Sen Reid: Housing Bill Unlikely To Pass This Week (Nasdaq)
WASHINGTON -(Dow Jones)- U.S. Senate lawmakers are unlikely to vote on a widely supported, bipartisan housing bill before leaving Washington for a week- long Independence Day recess because of a fight over energy tax credits, the chamber's top Democrat said Wednesday.
2008-06-25 05:17:17 -
CA Sues Countrywide Financial (FOX 40 Sacramento)
Were Borrowers Mislead?
2008-06-25 07:51:31 -
Judge adjusts bond for psychologist accused in stabbing - WJRT
GRAND BLANC TOWNSHIP (WJRT) -- (06/25/08)--A judge has adjusted the bond for a Genesee County psychologist accused of stabbing his mortgage broker on Christmas Eve. The judge did not reduce the charges against Dr. William Harshman. Instead, he found ...
2008-06-25 03:44:00 -
Jail time ordered in house stripping; mortgage broker labeled ... - Sharon Herald
In spite of a courtroom full of family and friends, a string of character witnesses and a brief multimedia presentation, Mercer County Judge Thomas R. Dobson wasn’t buying Scott A. McCuskey’s line that he is not a common criminal. McCuskey, 40 ...
2008-06-24 08:03:00 -
As bad as it gets: mortgage expert lets a ray of light into the market ... - Guardian Unlimited
Britain's mortgage market appears to be in meltdown, with first-time buyers going on strike and lenders joining them. Only a week ago, First Direct was offering a best-buy two-year fixed-rate mortgage at just 5.49%. By the end of the week, it had ...
2008-06-25 08:49:00 -
Hernando housing panel excludes two - St. Petersburg Times
BROOKSVILLE — To keep the county's affordable housing program up and running, the County Commission this week appointed members to a new Affordable Housing Advisory Committee. But as they discussed the appointments Tuesday, they skirted around an ...
2008-06-25 09:13:00 -
Inside a Florida Mortgage Scam - Time
The FBI and the Department of Justice unveiled Operation Malicious Mortgage last week, a nationwide bust that produced more than 400 arrests over the past three months for fraudulent home-loan schemes. In South Florida alone, more than 100 people ...
2008-06-25 03:58:00