Mortgage and Financial News From 2008-7-16 Page 8
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Wells Fargo Earns $1.8 Billion on Record Revenue; Increases Dividend ... - MSN MoneyCentral
Wells Fargo & Company WFC reported diluted earnings per common share of $0.53 for second quarter 2008 compared with $0.60 in first quarter 2008 and $0.67 in second quarter 2007. Net income was $1.75 billion compared with $2.00 billion in first ...
2008-07-16 04:56:00 -
Financial Service Woes: How Does All This Affect Your Mortgage? - CNBC
So Fannie and Freddie come back from the brink, Indy goes under, warnings of more bank failures hit the newswires, and homeowners are of course left to wonder, how does all this affect my ability to get a loan today and at what rate? The answer to ...
2008-07-13 05:53:00 -
U.S. mortgage applications up in 3rd straight week: MBA - Reuters
NEW YORK (Reuters) - Mortgage applications rose for a third consecutive week, reflecting an increase in demand for home loan refinancing as interest rates plunged, an industry group said on Wednesday. The Mortgage Bankers Association said its ...
2008-07-16 04:56:00 -
New cut for lender's mortgage rates - Channel 4 News
The UK's biggest building society has cut its mortgage rates for the second time in two weeks following a fall in the cost of wholesale funding. Nationwide is reducing the cost of some of its fixed-rate and tracker deals by up to 0.46% from Friday ...
2008-07-16 05:03:00 -
Nationwide to cut mortgage rates - BBC News
The Nationwide is cutting interest on a two-year fixed-rate deal, for those paying a £599 fee, from 6.48% to 6.18% on a loan that is 75% of a property's value. It is coming down from 6.88% to 6.58% for those who need a 90% loan-to-value mortgage ...
2008-07-16 04:27:00 -
UK's Nationwide cuts mortgage rates - Forbes
LONDON (Thomson Financial) - The UK's largest building society is to cut some of its most popular mortgage rates, bringing some relief to home buyers who have faced soaring borrowing costs over the past year as the credit crunch bites. Nationwide ...
2008-07-16 04:20:00 -
Early Briefing: Skepticism on Aid for Fannie, Freddie - Washington Post Blog
* Some lawmakers expressed doubts about the wisdom of the federal government's plan to prop up mortgage finance giants Fannie Mae and Freddie Mac , with one Republican senator complaining it was tantamount to writing a "blank check" to save the ...
2008-07-16 01:57:00 -
Sykesville offers foreclosure advice at meeting - Carroll County Online
SYKESVILLE — Residents learned about a $15,000 loan to help homeowners suffering with the nation’s mortgage crisis at Monday’s Town Council meeting. John L. Crew Jr., outreach liaison for the Maryland Department of Housing and Community ...
2008-07-15 06:19:00 -
On the Outside Now, Watching Fannie Falter - Washington Post
In the four years since he stepped down as Fannie Mae 's chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap ...
2008-07-16 03:37:00 -
Mortgage funding rescue planned - MyFinances.co.uk
UK mortgage lenders have presented proposals to the government designed to address funding problems in the UK mortgage market. The policy – which has already been submitted to the Crosby mortgage funding review by the Council of Mortgage Lenders ...
2008-07-16 02:11:00 -
Bush to Obama: Avoid politics on any trip to Iraq, and listen to ... - Los Angeles Times
WASHINGTON -- President Bush, easing away from his stated effort to avoid the presidential campaign debate, offered some advice to Sen. Barack Obama as the presumptive Democratic presidential nominee contemplates a trip to Iraq: Stay away from ...
2008-07-15 01:33:00 -
Arson, Rape, Killings: A Most Unusual Mortgage Fraud Case - New York Sun
The founder of a Haitian death squad who has resided as a free man in New York for most of the last decade is a defendant in a mortgage fraud case that opened yesterday. Click to enlarge image Suffolk County Police Department/AP This undated photo of ...
2008-07-14 09:41:00 -
Isles top all but 5 states in mortgage fraud cases - Honolulu Advertiser
Reports of mortgage fraud in Hawai'i during the second quarter were high in a national ranking, though the amount of money involved was relatively low, according to a mortgage industry publication. www.MortgageDaily.com said there were 83 criminal ...
2008-07-15 03:53:00 -
Farmington man gets up to 15 years for fraud (Deseret Morning News)
A Farmington man is going to prison for up to 15 years and must pay more than $6.2 million in restitution after pleading guilty to securities fraud that affected some 60 Utahns.
2008-07-15 11:15:59 -
Americas Watchdog Predicted The Banking Mortgage Industry Collapse 16 Months Ago & Is Now Advising Consumers To Get ... (PRWeb via Yahoo! News)
Americas Watchdog is one of the leading private consumer groups in the United States.
2008-07-16 12:01:00