Mortgage and Financial News From 2007-10-16 Page 9

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• Remarks by Secretary Henry M. Paulson, Jr.

  U.S. Treasury - Existing federal laws address mortgage fraud, disclosures, fair lending, unfair and deceptive practices, and other aspects of the mortgage process. But the regulatory and enforcement authority varies across different federal agencies. States have ...
  2007-10-16 09:38:00

• Elaborate Marijuana Grow House Discovered In Ft. Pierce

  WPBF News 25 - FORT PIERCE, Fla. -- Investigators said a marijuana grow house discovered in Ft. Pierce Tuesday is one of the most elaborate setups they have ever seen. Police said 31-year-old Carlos Andres Bermudez was being arrested on a mortgage fraud charge ...
  2007-10-16 01:41:00

• St. Lucie deputies bust elaborate pot house

  Palm Beach Interactive - Deputies said they noticed the smell of marijuana in the clothes of a 31-year-old man whom they pulled over Tuesday morning and arrested on a warrant for mortgage fraud. When asked, Carlos Andres Bermudez admitted he was growing pot at his house at ...
  2007-10-16 02:39:00

• Investors Choice Mortgage closed by state regulators

  Daily Southtown - A mortgage company based in Plainfield had its license revoked and was fined $20,000 today by state regulators. Investors Choice Mortgage Corp. was closed by the state's Mortgage Fraud Task Force, working with the DuPage County sheriff's office and ...
  2007-10-16 03:36:00

• Appraisal Institute Voices Support for Proposed Appraisal Legislation

  Forbes - With mortgage fraud a hot topic and borrowers and lenders feeling the squeeze, this legislation is an opportunity to remedy problems inherent in the system," said Don Kelly, the Appraisal Institute's Director of External Affairs. "We applaud ...
  2007-10-16 03:29:00

• How Not to Profit From the Mortgage Crisis (The Motley Fool via Yahoo! News)

  Where some see wrecked debt markets, others see opportunity. Plenty of people -- Fools included -- are looking for ways to make money from the subprime crisis. Yet despite the fact that a lot of investments have gotten beaten down, you still have to be a discriminating bargain shopper.
  2007-10-16 11:56:40

• State fraud taskforce revokes license of DuPage Co. mortgage company (WQAD Moline)

  PLAINFIELD, Ill. (AP) - State regulators and DuPage county authorities revoked the license a surburban Chicago mortgage company after searching the Planfield office today.
  2007-10-16 11:17:42

• Plainfield mortgage firm closes amid fraud probe (Daily Herald)

  The state has revoked the license of a Plainfield mortgage company, saying two of its operators helped to falsify a client's loan application
  2007-10-16 03:26:48

• Wells Fargo's earnings rise

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... Despite the improved earnings, Wells Fargo was not immune to the tumultuous mortgage market. Wells Fargo increased its ...
  2007-10-16 11:11:00

• Non-Profit Organization, REIA of Macomb, Strives to Build Member's ...

  PR Inside - investors need. With sponsors such as local banks, title companies, general contractors, and mortgage companies, beginner and advanced investors cannot miss these opportunities. There are always attorneys, accountants, and home inspectors prssent to ...
  2007-10-16 09:38:00

• Housing Slump ‘Unfolding,’ Treasury Chief Says

  New York Times - ... for new nationwide rules for mortgage lenders, changes in the practices of credit-rating agencies and tougher scrutiny by federal banking regulators. Mr. Paulson also tried to step up pressure on mortgage lenders and mortgage-servicing companies to ...
  2007-10-16 02:03:00

• Keystone buys Pinebrook Business Center

  Tampa Bay Business Journal - ... Tampa Bay] Fully leased Arch St. building will be sold by AMC Delancy [Philadelphia] Nations Home, Countrywide mortgage companies sign ... A Pennsylvania-based real estate investment group has acquired its first Southeastern commercial property in Largo. ...
  2007-10-16 01:13:00

• Mortgages down 36% in September

  Pacific Business News - Mortgage companies and banks saw both volume and value of Hawaii mortgages drop last month. September loan production fell to 4,310 loans, down 36 percent from the same period last year, while value dropped to $1.5 billion, down 45 percent, according ...
  2007-10-16 11:11:00

• Trusted Mortgage Provider

  Colleyville Courier - Lowest Fixed Rate Guarantee - Apply. Easy Online Application Process. Compare up to four free mortgage quotes by completing an easy online form. Competitive rates from leading mortgage companies. No obligation. Available throughout America
  2007-10-16 09:02:00

• Bank of America, JPMorgan Profit Curbed by Writedowns (Update3)

  Bloomberg - Unlike the mortgage companies that have gone belly-up, Wachovia's newly acquired mortgages are to higher-quality buyers and have plenty of equity behind the loans,'' Peters said. Wells Fargo & Co., the nation's second-biggest home lender ...
  2007-10-16 02:10:00

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