Mortgage and Financial News From 2008-6-20 Page 11
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FBI attacks mortgage fraud - Deseret News
A national effort to crack down on mortgage fraud schemes has snagged a pair of Utahns. The U.S. Department of Justice and FBI's Operation Malicious Mortgage program led to federal grand-jury indictments for Jerry C. Huff , 49, of Hurricane, and ...
2008-06-20 05:41:00 -
Two Utahns among those nabbed in FBI mortgage fraud probe - Salt Lake Tribune
FBI Director Robert Mueller, left, and Deputy Attorney General Mark Filip, detail a crackdown on mortgage fraud Thursday. More than 400 real estate industry players have been indicted, including two Utahns. Federal authorities announced Thursday a ...
2008-06-20 06:17:00 -
Halifax makes twentieth change to mortgage rates - Times Online
Halifax, the UK's biggest mortgage lender, is expected to deliver more woe to homeowners and first-time buyers tomorrow when it raises its fixed rates on loans by 0.5 percentage points. The move, Halifax’s twentieth rate change since the beginning ...
2008-06-20 06:53:00 -
WaMu, hurt by mortgage crisis, cuts 1,200 jobs - Forbes
Washington Mutual Corp. is cutting 1,200 jobs nationwide. The country's largest thrift, hit hard by turmoil in the mortgage and credit markets, said Thursday, that some layoffs will be in its home loan business. Home loans workers at WaMu have been ...
2008-06-19 12:23:00 -
Lifestyles digest (Post-Bulletin)
st-Bulletin is looking for high school students who like to write and are interested in becoming one of the newspaper's teen writers for the upcoming school year
2008-06-20 07:07:16 -
Business Briefly: Microsoft board member Jon Shirley won't seek re-election (Everett Herald)
Longtime Microsoft Corp. board member Jon Shirley will not seek re-election in November, the software maker said.
2008-06-20 07:07:44 -
Syrupy fairy-tale has its charms (The Sudbury Star)
UNDER THE SAME MOON 2 1/2 stars, Rainbow As the title suggests, there is a little bit of fairy-tale moondust sprinkled over this story of a nine-year-old boy who runs away from his home in Mexico to find his mother in Los Angeles. As with all [...]
2008-06-20 07:08:27 -
FLASHBACK June 21, 1999-2001 (Saipan Tribune)
The chair of the powerful House Ways and Means Committee has thrown support behind a recommendation to cut income rebates in the Commonwealth in efforts to finance critical infrastructure development on the island.
2008-06-20 07:09:30 -
Financials Weigh on Stocks (BusinessWeek)
More worries spread about large banks and other financial firms. Oil prices rebounded
2008-06-20 07:14:54 -
Out of the Gate: WaMu falls after job cuts (INO News)
(AP:NEW YORK) Shares of Washington Mutual Inc. declined at market open Friday after the nation's No. 1 savings and loan said it cut about 1,200 jobs, or roughly 2.6 percent of its work force.
2008-06-20 07:22:35 -
Bear Stearns Fund Prosecutors Reveal `Lot of Evidence' of Fraud - Bloomberg
Jan. 20 (Bloomberg) -- E-mails, witness statements and a money trail may help convict two former Bear Stearns Cos. managers accused of misleading investors and lenders about two hedge funds that imploded, legal analysts said. Ralph Cioffi , 52, and ...
2008-06-20 04:08:00 -
Spain's Santander Eyes Dresdner Bank - Sources (Insurance Journal)
Spanish retail bank Santander is considering buying Dresdner Bank in the latest twist of Germany's bank merger frenzy, according to people with direct knowledge of the matter. The German banking in
2008-06-20 03:41:37 -
European stocks fall for 3rd session (International Herald Tribune)
The Dow Jones Stoxx 600 hit a three-month low as concern deepened banks will post more losses and profit growth may slow.
2008-06-20 04:31:35 -
Federal mortgage fraud sweep nets dozens of arrests (The Santa Rosa Press Democrat)
WASHINGTON -- With Wall Street executives handcuffed and paraded in front of TV cameras and dozens of alleged mortgage scam artists arrested in cities nationwide, federal authorities Thursday signaled the beginning of the penalty phase of the mortgage meltdown.
2008-06-20 04:43:22 -
Crackdown on mortgage lenders loses steam in California Legislature (The Sacramento Bee)
For consumer advocates, the silver lining of the subprime mortgage meltdown was an unprecedented chance to toughen state regulation of a troubled industry.
2008-06-20 05:48:26