Mortgage and Financial News From 2007-12-13 Page 4

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• U.S. mortgage rates show increase (UPI)

  Long and short term U.S. mortgage rates were up this week, reversing a recent trend, the Freddie Mac market report said Thursday.
  2007-12-13 08:06:09

• U.S. mortgage rates move up: Freddie Mac (Market Watch)

  CHICAGO (MarketWatch) -- Mortgage rates reversed course and rose this week on employment data that indicated to some that a recession might not be as likely as previously thought, Freddie Mac's chief economist said on Thursday.
  2007-12-13 08:33:47

• Mortgage Rates Climb This Week (AP via Yahoo! Finance)

  Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.11 percent.
  2007-12-13 08:55:16

• Mortgage rates rise (CNN Money)

  Lowered expectations for a recession led to a lift in mortgage rates this week, Freddie Mac reported Thursday.
  2007-12-13 07:56:20

• Mortgage rates reverse course, move higher this week (USA Today)

  Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers.
  2007-12-13 10:59:56

• Illegal mortgage scheme affected valuations of 460 homes in ...

  Daily Herald - In what's been called the first federal indictment filed as part of the newly-formed Utah Mortgage Fraud Task Force, registered sex offender Bradley Kitchen of Provo, David Bolick of Sandy, Steve Wells Cloward of Orem, Ron Clarke of Provo, Jeffery ...
  2007-12-11 02:56:00

• RPT-Online video helps troubled borrowers spot fraud

  Reuters - In the video that dramatizes a common case of fraud, a homeowner receives an unsolicited offer to help settle mortgage debt but ends up homeless and with battered credit. Under a common scheme, a con artist will seek out a public notice of ...
  2007-12-12 12:45:00

• KC man gets two years for mortgage fraud

  Kansas City Business Journal - A man tied to former Kansas City Councilwoman Saundra McFadden-Weaver's mortgage fraud conspiracy will spend two years in federal prison and face a $144,234 restitution order. Emanuel Kind, 52, of Kansas City, received his sentence Wednesday from U.S ...
  2007-12-13 09:24:00

• Firefighters and cops can now sue city in state court

  Seattle Post Intelligencer - In a unanimous decision, the State Supreme Court has ruled in favor of an injured Seattle firefighter and the widow of ... are skittish · "Don't buy stuff you cannot afford" · "Are there people out there who are going to say that it's mortgage fraud?
  2007-12-13 01:27:00

• A Massive Bank Fraud that Calls for Jail Terms

  OpEdNews.com - Not a Mortgage Meltdown, Not a Sub-Prime Crisis ‘Tis the season to be jolly, but no one said it was a time to bail out criminals who properly belong in jail. I am sick to death of watching the hand-wringing on the part of our Treasury Secretary ...
  2007-12-13 01:34:00

• U.S. bank group criticizes Senate subprime bill

  Forbes - It would give mortgage borrowers more protection from high-cost and predatory loans and give victims of mortgage fraud the right to sue lenders, brokers and investors for losses they incur on failed loans. The legislation comes at a time when about 2 ...
  2007-12-13 12:51:00

• Trouble paying mortgage? Head to Cobo, Cox says

  Detroit Free Press - Data for months has shown metro Detroit ranking in the top five of metropolitan areas in foreclosure filings because of the confluence of a bad economy, mortgage fraud and the collapse of the subprime loan market. The forum remains open until 8 tonight
  2007-12-13 01:27:00

• Grandview man gets one year for mortgage fraud

  MSN MoneyCentral - The second of three defendants in the mortgage fraud scheme involving former Kansas City Councilwoman Saundra McFadden-Weaver was sentenced Thursday to one year in federal prison. Ricky Hamilton, 53, of Grandview, also was ordered by U.S. Chief ...
  2007-12-13 12:16:00

• Mortgage Alliance Launches Consumer Credit Protection (CNW Group via Yahoo! Finance)

  Mortgage fraud and identity theft has been the focus of the industry and media during the past year. In response to this trend and as part of our overall costumer focus, "Mortgage Alliance" as Canada's mortgage leader, is embarking on a new initiative that will help to educate consumers regarding their credit status - how to monitor it and just as importantly, how to protect it!
  2007-12-13 12:51:00

• Grandview man gets one year for mortgage fraud (The Business Journal of Kansas City)

  The second of three defendants in the mortgage fraud scheme involving former Kansas City Councilwoman Saundra McFadden-Weaver was sentenced Thursday to one year in federal prison.
  2007-12-13 01:57:17

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