Mortgage and Financial News From 2007-10-22 Page 4

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• Fitch Rates Idaho Housing & Finance Authority's $75MM 2007J Bonds

  Forbes - Fitch Ratings has assigned the following ratings to Idaho Housing and Finance Association's (the association) single-family mortgage bonds, 2007 series J: --$30 million class I variable-rate bonds 'AAA/F1+'; --$31.5 million class I fixed-rate bonds ...
  2007-10-22 02:46:00

• Danish House-Price Growth Slows for Fifth Quarter (Update1)

  Bloomberg - Oct. 22 (Bloomberg) -- Danish house-price growth slowed for a fifth consecutive quarter in the three months through September, suggesting higher interest rates and slower economic growth are crimping demand for housing. Prices for mortgage-debt ...
  2007-10-22 05:28:00

• Fed's Evans: Bank actions have been appropriate

  Reuters - Evans said the world economy is "doing about as well as I've seen," providing a buffer against slower growth in the United States. The Fed cannot target policy to a specific sector, such as the mortgage industry, Evans said when asked about the ...
  2007-10-22 05:09:00

• Mortgage Reform Bill Offered by Congressman Frank Would Provide Cities ...

  Forbes - ... and brokers to be licensed and registered at the state or federal level. -- Prohibits mortgage originators from steering consumers into mortgages with higher interest-rates than they could otherwise qualify. -- Requires mortgage ...
  2007-10-22 03:22:00

• America's working poor stretching paychecks to the breaking point

  International Herald Tribune - Industry analysts and some economists fear the strain will get worse as people are hit with higher home heating bills this winter and mortgage rates go up. It's bad enough already for 85-year-old Dominica Hoffman. She gets $1,400 (€988) a month in ...
  2007-10-22 05:31:00

• Bill seeks to curb abusive mortgage lending

  USA Today - Frank also said he plans a hearing on efforts by federal regulators to get mortgage service companies to modify loans due to reset at higher rates. "We're trying to get the current (mortgage) holders to let people out from under mortgages they can't ...
  2007-10-22 05:52:00

• 70,000 buyers could lose their homes in mortgage crisis (Evening Standard)

  As many as 70,000 homes could be repossessed next year as owners struggle to meet mortgage repayments, an expert warned yesterday.
  2007-10-22 06:30:14

• Notes financing TXU buyout carry rates as high as 11% (Dallas Morning News)

  You probably got a better interest rate on your mortgage than the buyers of TXU Corp. got for some loans to purchase the company.
  2007-10-22 10:54:58

• (AFX UK Focus) 2007-10-22 13:04 GMT: UK homeowners cut borrowing, saving as rising mortgage costs bite - survey (Interactive Investor)

  LONDON (Thomson Financial) - UK homeowners are saving and borrowing less as higher interest rates fuel a rise in mortgage repayment costs, stretching their budgets, according to a survey from mortgage lender Alliance & Leicester.
  2007-10-22 05:25:26

• Bill seeks to curb abusive mortgage lending (USA Today)

  A leading House Democrat took on the banking industry Monday with a bill to restrict lending practices partly blamed for the nationwide surge in mortgage defaults and foreclosures.
  2007-10-22 05:36:11

• False bankruptcy filings earn Beach man over 7 years in prison

  WVEC - Court documents say Gatchell filed petitions for bankruptcy to thwart the mortgage lenders' efforts to foreclose ... Also, Gatchell pleaded guilty to a mail fraud scheme in which he collected $157,000 from 17 investors by falsely ...
  2007-10-22 01:42:00

• Survey of Senior Anti-Money Laundering Professionals Reveals Asia and ...

  Forbes - Also cited was an expectation of an increase in "mortgage-related suspicious activity." -- 65% expect their ... With the positive benefits of economic expansion and trade come the negative aspects of increased fraud and money ...
  2007-10-22 07:01:00

• Notice of Filing Securities Class Action Against NetBank Inc. (NASDAQ ...

  PR Inside - ... disclosure regarding the forced sale, coupled with subsequent disclosures on August 6, 2007, which revealed that its mortgage ... Harley Harnes LLP is a law firm that concentrates its nationwide practice in representing victims of securities fraud and ...
  2007-10-22 05:16:00

• Women Struggle With Breast Cancer Expenses

  ABC News - I think it stinks that Medicare considers it fraud to undercharge a patient or excuse their co-payments without extensive ... the choice often comes down to paying for treatment or paying for daily needs such as food, electricity or the mortgage."
  2007-10-22 08:55:00

• CROOKED-COP CASES SURGE

  New York Post - Fraud allegations involving insurance, credit card and welfare swindles rose 85 percent to 50 complaints from 27 the ... She then axed her brother from the deed and applied for a second mortgage on the house. The cop was caught after a bank loan ...
  2007-10-22 09:52:00

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