Mortgage and Financial News From 2007-9-27 Page 8

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• Freddie Mac pays $50M to settle fraud charges

  USA Today - WASHINGTON (AP) — Mortgage finance company Freddie Mac (FRE) will pay $50 million to settle federal charges that it fraudulently misstated earnings over a four-year period. The Securities and Exchange Commission announced the settlement Thursday ...
  2007-09-27 03:23:00

• South Florida Leads Nation In Mortgage Fraud

  Click10.com - MIAMI -- A mortgage fraud initiative that includes local, state and federal agencies will crack down on violators in light of the rising number of mortgage fraud cases in South Florida, said the United States attorney for the southern district of ...
  2007-09-27 04:06:00

• Freddie Mac pays $50M to settle fraud charges (USA Today)

  Mortgage finance company Freddie Mac will pay $50 million to settle federal charges that it fraudulently misstated earnings over a four-year period.
  2007-09-27 03:02:35

• Freddie Mac Settles With SEC Over Accounting Fraud Allegations (KTAL Shreveport)

  Freddie Mac has agreed to pay a 50-million-dollar penalty as part of a settlement regarding allegations of accounting fraud. The "Wall Street Journal" reports the mortgage giant settled with the Securities and Exchange Commission without admitting any wrongdoing.
  2007-09-27 02:31:48

• South Florida Leads Nation In Mortgage Fraud (Local 10 Miami)

  Officials have launched a fraud initiative to combat the growing problem of mortgage fraud in South Florida.
  2007-09-27 04:52:39

• 18 charged in mortgage fraud scam (Miami Herald)

  Federal and state law enforcement officials said Thursday they had charged 18 people in in mortgage fraud schemes involving more than $50 million in bogus home loans.
  2007-09-27 02:26:35

• South Florida Leads Nation In Mortgage Fraud (WPLG Click10.com via Yahoo! News)

  A mortgage fraud initiative that includes local, state and federal agencies will crack down on violators in light of the rising number of mortgage fraud cases in South Florida, said the United States attorney for the southern district of Florida Thursday.
  2007-09-27 04:35:12

• Gravity Probe B Mission Update September 2007

  SpaceRef - 220Marketing specializes in providing mortgage marketing for mortgage companies and managers. - Take your time to tour our site and check out all the fun games we operate. In addition to the 20 online bingo rooms we operate, we also have online keno. - ...
  2007-09-27 02:18:00

• U.S. Stocks Advance on Rate-Cut Speculation; Sallie Mae Rallies

  Bloomberg - Moody's Corp. and McGraw-Hill Cos. rallied for a second day on speculation their credit-rating units won't face penalties for their role in the subprime-mortgage crisis. Officials at the two largest ratings companies appeared before the Senate ...
  2007-09-27 02:47:00

• Foxtons is latest victim of real estate slump

  Newark Star-Ledger - And why didn't they get any kind of package? I'm sorry, but mortgage companies need to think ahead and have some kind of contingency built into their plans! They have no reserve and no contingency and distribute all of the earnings???? That's crazy.
  2007-09-27 02:54:00

• UPDATE 1-Fannie, Freddie had enough capital in 2nd quarter

  Reuters - NEW YORK, Sept 27 (Reuters) - Major U.S. mortgage finance companies Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ) were adequately capitalized during the second quarter of the year, their ...
  2007-09-27 10:36:00

• Economist Predicts Housing Downturn

  US News and World Report - The hearing came as the government said Wednesday it would slightly raise the investment portfolio cap for government-sponsored mortgage companies Fannie Mae and Freddie Mac as a way to pump cash into the stretched mortgage market. Since mortgages ...
  2007-09-27 09:46:00

• Limits to rise for Fannie and Freddie

  MSN MoneyCentral - Richard Syron, chief executive of the government-sponsored mortgage finance agency, told the Financial Times that the $417,000 ceiling imposed on such companies would be raised by Congress. "My guess is it will," he said. His comments came as data ...
  2007-09-27 04:13:00

• American Home points finger for bad checks

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... NEW YORK (AP) -- American Home Mortgage Investment Corp. bounced 564 property tax checks in Maryland but blamed other ...
  2007-09-27 02:04:00

• KB Home swings to loss, eyes tough '08

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... The situation worsened in August, as the fallout from rising mortgage defaults triggered tightening in the credit markets ...
  2007-09-27 04:06:00

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