Mortgage and Financial News From 2008-1-29 Page 13
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Foreclosures quadruple in 2007 - Wisconsin State Journal
Foreclosures quadruple in 2007Wisconsin State Journal, WI - 3 minutes agoA network of area lenders can offer safe refinancing products, said Kate Venne of WHEDA. The authority also plans to add real estate agents with experience ...
2008-01-29 07:56:48 -
FBI Probes Loan Deals (Hartford Courant)
14 Companies Being Investigated The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home loans made to risky borrowers.
2008-01-29 07:08:18 -
Subprime Lending Investigation (WILX 10 Lansing)
The FBI announced Tuesday it is launching an investigation into 14 companies for possible fraud connected to subprime loans.
2008-01-29 07:23:39 -
F.B.I. Opens Subprime Inquiry (NYTimes.com via Yahoo! Finance)
Fourteen firms are under scrutiny for possible accounting fraud, insider trading or other violations tied to loans made to borrowers with weak, or subprime, credit.
2008-01-29 07:40:07 -
(AFX UK Focus) 2008-01-30 03:15 GMT: Hong Kong shares higher as Wall St extends gains on rate cut hopes - UPDATE (Interactive Investor)
HONG KONG (Thomson Financial) - Hong Kong shares were higher in early trade Wednesday, with investors encouraged by further gains on Wall Street on hopes the Federal Reserve will deliver another rate cut later today.
2008-01-29 07:46:37 -
FBI says 14 companies under scrutiny over subprime loans (Seattle Post-Intelligencer)
WASHINGTON -- The FBI said Tuesday that it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home loans made to risky borrowers.
2008-01-29 07:50:22 -
Business digest (Wisconsin State Journal)
LENDING INDUSTRY FBI probes for possible loan fraud The Federal Bureau of Investigation on Tuesday said it is investigating 14 companies for possible fraud or insider trading violations in connection with loans made to risky borrowers and the investments spun off of those loans. Agency officials did not identify the companies under investigation but said the wide-ranging probe, which began in ...
2008-01-29 07:53:20 -
Foreclosures quadruple in 2007 (Wisconsin State Journal)
Foreclosures more than quadrupled last year compared with 2006 in Dane County, according to data compiled by RealtyTrac, an online marketer of foreclosure properties. The county had 1,169 foreclosure filings in 2007 — including default notices, auction sale notices and bank repossessions — up from 284 in 2006. Dane County had one foreclosure filing for every 173 households in 2007, up from one ...
2008-01-29 07:54:02 -
Wall Street jumps on rate cut hope
MSN MoneyCentral - NEW YORK (Reuters) - Stocks rose on Tuesday as expectations of another Federal Reserve interest rate cut to shore up the economy fueled a further recovery in shares of banks, insurers and home builders. Interest-rate-sensitive shares snapped up by ...
2008-01-29 12:46:00 -
Overview: Hopes for US rate cuts support equities
Financial Times - Expectations of further interest rate cuts by the Federal Reserve underpinned global equity markets and helped drive gold to a record high. However, the mood among investors remained very nervous amid persistent concerns that the US economy might be ...
2008-01-29 01:22:00 -
US: Gold and platinum prices retreat after surging to new records ...
MSN UK News - Gold and platinum prices eased off record highs Tuesday as traders cashed in on profits ahead of an expected interest rate cut by the U.S. Federal Reserve. Silver hit its highest level in almost 30 years and agricultural futures settled mixed. Gold ...
2008-01-29 02:05:00 -
US STOCKS-Market ends higher on rate-cut hope
Forbes - NEW YORK (Reuters) - U.S. stocks closed higher Tuesday as expectations of another Federal Reserve interest rate cut to shore up the economy fueled a further recovery in shares of banks, insurers and home builders. Based on the latest available data ...
2008-01-29 01:22:00 -
Treasurys fall as rate-cut hopes dim
CNN Money - The Fed's two-day monetary policy committee will culminate in an interest rate announcement Wednesday. After a hastily called special session last week, the central bank ordered an unusually large 0.75 percentage point reduction, driving the ...
2008-01-29 03:30:00 -
US stocks up ahead of rate move
MSN UK News - Wall Street advanced sharply as the Federal Reserve opened a two-day meeting expected to bring another interest rate cut to revitalise the US economy. The Fed's rate decision is clearly the market's focus this week, and trading is marked by investors ...
2008-01-29 02:19:00 -
U.S. stocks advance on interest rate cut hopes
Xinhua News Agency - NEW YORK, Jan. 29 (Xinhua) -- Wall Street advanced Tuesday as the Federal Reserve is expected to cut interest rate to stimulate the weakening U.S. economy. The Fed opened a two-day meeting on Tuesday, which was expected to result in another interest ...
2008-01-29 01:43:00
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