Mortgage and Financial News From 2008-1-29 Page 12

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• FBI investigating high-risk lenders

  Chicago Sun-Times - Agency officials did not identify the companies under investigation but said the wide-ranging probe, which began in spring 2007, is ongoing and involves companies across the industry, from mortgage lenders to financial firms that bundle home loans ...
  2008-01-29 03:16:00

• FBI probes 14 firms for possible mortgage loan fraud

  USA Today - Agency officials did not identify the companies under investigation but said the wide-ranging probe, which began in spring 2007, involves companies across the industry, from mortgage lenders to financial firms that bundle home loans into securities ...
  2008-01-29 03:16:00

• FBI probes sub-prime lenders

  MSN UK News - The FBI is investigating 14 mortgage companies suspected of possible fraud or insider trading violations in connection with loans made to risky borrowers, and related investments. Agency officials did not identify the companies under investigation ...
  2008-01-29 06:15:00

• Nearly 45000 'to lose home in 2008' - The Press Association

  Nearly 45000 'to lose home in 2008'The Press Association - 2 hours agoThe figure is in line with estimates from the Council of Mortgage Lenders, which also expects 45000 homes to be taken over by lenders. ...
  2008-01-29 05:10:40

• FBI to Investigate Mortgage Crisis - Truthdig

  FBI to Investigate Mortgage CrisisTruthdig, United States - 2 hours agoIt did not identify the companies but said the investigation encompassed developers, sub-prime lenders and investment banks. FBI officials said the agency ...
  2008-01-29 05:33:13

• Stimulation Package Store, GSE Jumbo Out Back - Blogger News Network

  Stimulation Package Store, GSE Jumbo Out BackBlogger News Network - 2 hours ago... from lenders, thereby enabling them to make more loans. Fan and Fred hold some mortgages and market others as mortgage-backed securities (MBS). ...
  2008-01-29 05:42:41

• Housing: the biggest US scandal in four generations - Crikey (subscription)

  Housing: the biggest US scandal in four generationsCrikey (subscription), Australia - 2 hours agoIt’s no wonder the US economy is on the brink of recession, no wonder that Wall Street banks mortgage lenders and a host of investors have racked up over ...
  2008-01-29 05:59:12

• Text of Gov. Jennifer Granholm’s State of the State address - Battle Creek Enquirer

  Text of Gov. Jennifer Granholm’s State of the State addressBattle Creek Enquirer, MI - 1 hour agoWe’ve started by negotiating with leading mortgage companies to freeze increases in adjustable mortgage rates for up to five years to protect Michigan ...
  2008-01-29 06:05:37

• Bigger deposits squeeze house buyers - Financial Times

  Bigger deposits squeeze house buyersFinancial Times, UK - 1 hour agoBy Delphine Strauss Stepping on to the housing ladder became still harder in the last quarter of 2007 as lenders tightened criteria for riskier borrowers, ...
  2008-01-29 06:17:37

• Alabama foreclosures jump 82 percent - al.com

  Alabama foreclosures jump 82 percental.com, AL - 1 hour agoThe problem has put pressure those who rely on home sales for their profits, such as lenders, homebuilders and general contractors. ...
  2008-01-29 06:38:09

• Hong Kong shares higher as Wall St extends gains on rate cut hopes ... - Forbes

  Hong Kong shares higher as Wall St extends gains on rate cut hopes ...Forbes, NY - 38 minutes agoPK - news - people ) of China (ICBC) and several other mainland lenders on Tuesday, saying the faltering US economy and slowing global demand could weigh on ...
  2008-01-29 07:22:04

• Who's paying for the sub-prime disaster? - Socialist Worker Online

  Who's paying for the sub-prime disaster?Socialist Worker Online, IL - 37 minutes agoNow, though, the interest rate on her mortgage has jumped from 8.35 percent to 13.25 percent. And because her lender insisted that she use her savings to ...
  2008-01-29 07:23:14

• The Chubb Corporation, Q4 2007 Earnings Call Transcript - Seeking Alpha

  The Chubb Corporation, Q4 2007 Earnings Call TranscriptSeeking Alpha, NY - 31 minutes agoThe types of insured’s we now expect to be impacted include home builders and developers, lenders, other financial institutions such as [REITs] mortgage ...
  2008-01-29 07:29:07

• US House passes stimulus package - MWC News

  US House passes stimulus packageMWC News, Canada - 28 minutes agoNeil Power, head of the FBI's economic crimes unit, said the companies include developers, sub-prime lenders, companies that provided loan securities and ...
  2008-01-29 07:32:15

• FBI investigates possible fraud connected to subprime loans - WIS

  FBI investigates possible fraud connected to subprime loansWIS, SC - 5 minutes agoBut they say the probe involves businesses across the industry, from mortgage lenders to financial firms that bundle home loans into securities sold to ...
  2008-01-29 07:54:44

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