Mortgage and Financial News From 2007-12-13 Page 6

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• Syosset native offers free software for small businesses

  Newsday - ... trying to "make better" -- with a new company offering low-cost software solutions for small business -- solutions that, for example, would allow an executive at a remote location to invoice a customer and be reimbursed. The son of a mortgage broker ...
  2007-12-12 03:59:00

• Grace Leong - DAILY HERALD

  Daily Herald - It also plans to close WaMu Capital Corp., its institutional broker-dealer business, as well as its mortgage broker finance warehouse lending operation. The 3,150 layoffs nationwide represent about 6 percent of its total work force. Citing a ...
  2007-12-13 08:05:00

• IDX Broker Shows Off Miami Real Estate Offered By Realtor Sean ...

  pressbox.co.uk - Sean Stephens can then change the style or add things such as slideshows and mortgage calculators from his administrative login. An easy to use, fully customizable application, IDX Broker helps realtors and their consumers get where they want to go ...
  2007-12-13 02:17:00

• Countrywide Financial comes under greater scrutiny

  International Herald Tribune - The inquiry follows an investigation by Madigan's office into One Source Mortgage, a Chicago mortgage broker that recently closed its doors. Madigan sued One Source on Nov. 27, contending that the company misled borrowers by promising low rates on ...
  2007-12-13 02:50:00

• Judge acquits Valencia man and mother-in-law of obstruction

  Chico Enterprise-Record - Gilabert and Seele were charged with ordering mortgage broker Bradley Gerszt to lie to the FBI. The judge called Gerszt's testimony "maybe the worst I've ever seen." Gilabert remains behind bars after pleading guilty to a separate charge that he ...
  2007-12-13 03:58:00

• CORRECTED - CORRECTED-PRESS DIGEST - New York Times business news ...

  Reuters - The Illinois attorney general has subpoenaed documents from Countrywide Financial Corp (CFC.N: Quote , Profile , Research ), broadening an investigation into lending practices that has already led to a lawsuit against one mortgage broker. ...
  2007-12-13 11:04:00

• UPDATE 1-Countrywide under Illinois probe-state official

  Reuters - The Countrywide subpoena grew out of a lawsuit the state filed in November against mortgage broker One Source Mortgage, which primarily had its loans funded by Countrywide. The lawsuit alleged the broker had violated state consumer fraud laws ...
  2007-12-13 01:34:00

• No Sign of Relief for Texas Mortgage (PR.com)

  Texas mortgage industry still reeling from the sub-prime fallout but some companies managing to stay on course with business objectives despite ailing industry. [PR.com - December 13, 2007]
  2007-12-13 07:28:23

• 15 people charged in mortgage scheme (Daily Southtown)

  In what authorities say is a symptom of the excesses in the subprime mortgage market, 15 people have been charged with fraud involving at least nine homes valued at more than $4 million.
  2007-12-13 02:14:04

• Countrywide Subpoenaed by Illinois (NYTimes.com via Yahoo! Finance)

  The Illinois attorney general has subpoenaed documents from Countrywide Financial, broadening an investigation into lending practices that has already led to a lawsuit against one mortgage broker.
  2007-12-13 06:54:44

• Irwin Financial Corporation Announces Executive Transition

  Forbes - IFC), a bank holding company focusing on small business banking and consumer mortgage lending, today announced that it will ... accepted this decision of the Corporation and, in addition, has offered to provide the Corporation with transition advice ...
  2007-12-13 05:20:00

• 50-year plan for turning South Bay salt ponds to tidal wetlands

  San Francisco Gate - 50-year plan for turning South Bay salt ponds to tidal wetlands Jane Kay, Chronicle Environment ... the real story is fraud... Housing downturn may hit California hardest, experts warn Giuliani has advice for S.F. on dealing with the homeless MORTGAGE ...
  2007-12-10 03:54:00

• Merriam-Webster's Word of '07: 'W00t'

  San Francisco Gate - Merriam-Webster's Word of '07: 'W00t' By STEPHANIE REITZ, Associated Press ... Master surfer cheats death in biggest swell of season at Maverick's MORTGAGE MELTDOWN / Interest rate 'freeze' - the real story is fraud... Giuliani has advice for S.F. on ...
  2007-12-10 03:54:00

• Refinancing To A Fixed Rate Mortgage – A Question Of Safety

  Best Syndication - You may find yourself faced with the option of an ARM (adjustable rate mortgage) or a fixed rate loan. Which type you will ... Syndication is for informational purposes only and is not meant to be advice. You should always seek professional advice ...
  2007-12-13 11:33:00

• Movers: Lehman Brothers, Countrywide Financial, Biogen Idec

  BusinessWeek - Countrywide Financial ( CFC ) says mortgage loan fundings for November fell 40%; average daily mortgage plan application ... Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of ...
  2007-12-13 03:07:00

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