Mortgage and Financial News From 2007-9-27 Page 7

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  • Mortgage rates up for 3rd straight week (UPI)

    U.S. mortgage rates were up for the third consecutive week, the weekly Freddy Mac primary mortgage survey reported Thursday.
    2007-09-27 08:09:24

  • Mortgage rates tick up again (The Sacramento Bee)

    What gives with mortgage rates? Weren't they supposed to go down after the Federal Reserve cut interest rates by a half-percentage point?
    2007-09-27 05:36:10

  • Mortgage rates jump (CNN Money)

    Mortgage rates rose for the third consecutive week in a row, Freddie Mac reported Thursday.
    2007-09-27 07:40:23

  • Nationwide seeks £20m in law firm court case

    Times Online - The High Court claim is linked to Erinaceous, the troubled quoted property services firm, whose surveying unit became the target of a police investigation into a possible mortgage fraud ring. Nationwide says that Eversheds failed to tell the building ...
    2007-09-25 05:55:00

  • Nigel Turnbull take charge of crisis-hit Erinaceous

    Times Online - The claim is linked to Erinaceous, whose surveying division became the target of a police investigation into a possible mortgage fraud ring. Following discussions with its banks - HBOS, HSBC and Lloyds TSB - Erinaceous will now have to repay its ...
    2007-09-27 07:09:00

  • Freddie Mac Settle SEC Charges

    Wall Street Journal - WASHINGTON -- Freddie Mac will pay a $50 million penalty as part of a long-awaited settlement with the Securities and Exchange Commission regarding allegations of earnings management and accounting fraud at the federal mortgage giant. Freddie ...
    2007-09-27 11:55:00

  • A.G.'s new task force to address foreclosures

    Topeka Capitol-Journal - Attorney General Paul Morrison said the task force would address the reasons behind home foreclosures, including mortgage fraud and subprime lending. “Nationwide there is a storm brewing in the world of home mortgages,” Morrison said today. “We ...
    2007-09-27 10:36:00

  • Fitch Rates FHAMS $152.57MM Mtge P-T Ctfs, Series 2007-FA5

    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 reflect the quality of the mortgage collateral, strength of ...
    2007-09-27 01:43:00

  • Freddie Mac, SEC settle accounting fraud charges

    Marketwatch - WASHINGTON (MarketWatch) -- Giant mortgage-buyer Freddie Mac will pay a $50 million fine to securities regulators to settle charges it manipulated earnings for three years, the Securities and Exchange Commission said Thursday. Four former Freddie ...
    2007-09-27 12:24:00

  • House in default for man in fraud investigation

    Union - Another house has gone into default for Tom Hastert, the lawyer who is under investigation for real estate fraud through his mortgage company, Loan Sense. A public auction for the yellow and white house located at 10890 Rough and Ready Highway next ...
    2007-09-27 02:26:00

  • Four indicted in alleged scheme to get mortgages

    Amador Ledger-Dispatcher - SACRAMENTO - A federal grand jury has indicted four mortgage brokers and real estate agents for allegedly running a mortgage fraud scheme that netted them $277,000 in illegal commissions and payments for 19 homes. James Martin, 36; Mario Fellini III ...
    2007-09-27 12:45:00

  • Fitch Rates J.P. Morgan Mortgage Trust 2007-A5

    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 ...
    2007-09-27 02:18:00

  • Freddie Mac to pay $50 mln to settle fraud charges

    Reuters - Last: WASHINGTON, Sept 27 (Reuters) - Major U.S. mortgage finance company Freddie Mac (FRE.N: Quote , Profile , Research ) has agreed to pay a $50 million penalty to settle charges related to a multi-billion accounting fraud from 1998 through 2002 ...
    2007-09-27 11:41:00

  • UPDATE 1-Freddie Mac to pay $50 mln to settle fraud charges

    Reuters - Last: WASHINGTON, Sept 27 (Reuters) - Freddie Mac (FRE.N: Quote , Profile , Research ) has agreed to pay a $50 million penalty to settle charges related to a multibillion accounting fraud at the mortgage finance company from 1998 through 2002, the U ...
    2007-09-27 03:08:00

  • Erinaceous warns it may collapse as founder exits

    Times Online - Last year Erinaceous hit the headlines over a police investigation involving Ian McGarry, a surveyor at its Dunlop Haywards subsidiary, for his role in an alleged mortgage fraud ring. Erinacious settled out of court on a claim brought by Nationwide ...
    2007-09-27 03:59:00

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