Mortgage and Financial News From 2008-7-28 Page 6
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2 realty agents convicted of mortgage fraud (Denver Post)
A Denver jury has convicted a pair of real-estate agents of falsifying documents to qualify borrowers who couldn't otherwise get a mortgage.
2008-07-28 03:14:25 -
Two area women convicted in mortgage fraud scheme (9 News Denver)
DENVER – A jury returned guilty verdicts against Linda Edwards, 55, of Centennial, and Ladonna Mullins, 73, of Denver, for implementing a complex mortgage fraud scheme.
2008-07-28 03:37:57 -
Four charged in East Bay $20 million mortgage-loan scheme (Pleasanton Tri-Valley Herald)
An indictment says they used straw buyers to get control of properties used as residential care homes for the elderly.
2008-07-28 03:42:34 -
Mo. AG sues alleging defrauding of homeowners (KHQA Quincy)
Monday, July 28, 2008 at 6:03 p.m. JEFFERSON CITY, MO. (AP) -- Attorney General Jay Nixon filed seven lawsuits targeting what he describes as mortgage fraud.
2008-07-28 04:07:39 -
America must not act rashly over inflation - Financial Times
T he startling jump in US consumer price inflation over the past several months has sparked concern over whether the economy is entering an inflationary spiral similar to that of the 1970s. Lost in most of the commentary about inflation has been a ...
2008-07-28 01:17:00 -
Details missing from Obama's Social Security plan - NPR News
WASHINGTON July 28, 2008, 04:05 pm ET · Barack Obama's bid to place a new Social Security tax on very high incomes is either a bold or foolhardy plan, depending on who critiques it. But its potential impact is almost impossible to gauge because he ...
2008-07-28 01:17:00 -
Clouds over costas as Spanish housing slumps - Times Online
A further nail was hammered into the coffin of the Spanish property boom yesterday when figures revealed that house sales had fallen by a third and as analysts predicted a slump in prices. The statistics were a fresh blow to thousands of Britons who ...
2008-07-28 01:17:00 -
Larger Fannie Limits May Lift Smaller-Loan Rates, JPMorgan Says - Bloomberg
July 28 (Bloomberg) -- Rates for most new mortgages may rise as the U.S. extends Fannie Mae and Freddie Mac's authority to finance bigger home loans, JPMorgan Chase & Co. said. That's because the industry group that sets which debt can be traded in ...
2008-07-28 10:11:00 -
Russia c.bank sees inflation rate falling in July - Forbes
MOSCOW, July 28 (Reuters) - Russia's annualised inflation rate will fall to 14.7-14.8 percent in July from 15.1 percent in June, First Deputy Chairman Alexei Ulyukayev said on Monday. Ulyukayev also said a fall in consumer price index (CPI) was ...
2008-07-28 08:52:00 -
Sturgis Bancorp Reports Earnings for Q2 2008 - MSN MoneyCentral
STURGIS, Mich. , July 28 /PRNewswire-FirstCall/ -- Sturgis Bancorp, Inc. (OTC Bulletin Board: STBI) announced earnings of $481,000 for the second quarter of 2008. The decrease from 2007 was primarily due to lower interest margin, Eric L. Eishen ...
2008-07-28 12:49:00 -
RBI faces a tough balancing act - Times of India
NEW DELHI: Amid a very tight liquidity scenario and inflation stabilising, bankers feel that RBI may not tinker with the interest rates on Tuesday, while reviewing the monetary and credit policy. However, some economists feel to ensure that inflation ...
2008-07-28 12:34:00 -
Pakistan stocks plunge on chances of interest rate hike - eNews 2.0
Pakistani stocks nosedived 4.11 per cent Monday ahead of a central bank meeting that was expected to bring a jump in interest rates, traders said. The benchmark KSE-100 Index of the Karachi Stock Exchange fell 453.68 points to close at 10,578.49. The ...
2008-07-28 08:17:00 -
Manny's all about the money (ESPN)
Visit ESPN.com for the complete story.
2008-07-28 03:05:48 -
Interest rate rise obvious solution to inflation: Subbarao (Express India)
India's inflation may accelerate from a 13-year high and a further interest-rate increase is an "obvious solution,'' finance secretary Duvvuri Subbarao said.
2008-07-28 03:06:21 -
PHINMA parts with 50-yr core business to survive (Philippine Daily Inquirer)
For close to 50 years, Philippine Investment Management Inc. (PHINMA) made the bulk of its money from heavy industry, mainly cement manufacture.
2008-07-28 03:08:05