Mortgage and Financial News From 2008-6-20 Page 6
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SLV Silver ETF (GoldSeek.com)
*** Inflation: Enemy Number Two…what kind of world would it be if people always behaved sensibly? *** Sicking "the fuzz" on terrorism…the bubble that always ends in the perp walk…and more!
2008-06-20 03:09:51 -
Prudential Bancorp to take $2.3M charge (Philadelphia Business Journal)
Prudential Bancorp Inc. of Pennsylvania said Friday that it will take a mortgage market-related after tax charge of about $2.3 million for the quarter ending June 30. (PBIP)
2008-06-20 02:18:26 -
On London: Hunt is on for a strategy to outwit the inflation beast (Financial Times)
It was all so simple and easy to explain until a month ago – what was good for equities was bad for bonds. As the debate raged about the economic outlook, investors bought equities and sold bonds if they were bullish about growth, particularly in the US, and vice versa if they were bearish.
2008-06-20 02:27:24 -
Thornburg's stock breaks fall (New Mexico Business Weekly)
Thornburg Mortgage Inc.'s common shares rose slightly Friday but are far from recovering from a major slide the day before. (TMA)
2008-06-20 02:40:00 -
Mortgage fraud unusually high in Isles - Honolulu Advertiser
Lax lending standards and the high cost of housing caused an increase in mortgage fraud in Hawai'i during the past few years, outpacing the majority of Mainland markets dealing with similar schemes, according to the FBI. Beginning March 1, the FBI's ...
2008-06-20 01:41:00 -
FBI says Twin Cities area is hotbed for mortgage fraud - Minneapolis Star Tribune
Thereâs a lot of blame to pass along here. The financial institutions that offered programs that, while certainly beneficial to some, … read more carried an inherent risk if utilized under the wrong circumstances. The mortgage bankers who ...
2008-06-20 08:04:00 -
Six in S.D. named in mortgage-fraud probe - San Diego Union-Tribune
Six people from a downtown San Diego real estate firm are among more than 400 real estate insiders who have been swept up in a massive, nationwide crackdown on mortgage fraud. Called “Operation Malicious Mortgage,” the probe announced yesterday ...
2008-06-20 07:00:00 -
FACTBOX - Many arrested in crackdown on U.S. mortgage fraud - Reuters UK
(Reuters) - Two former Wall Street managers were arrested and U.S. authorities said on Thursday hundreds of others had been charged in a crackdown on mortgage fraud after an investigation into the collapse in the U.S. housing industry. Following are ...
2008-06-20 09:02:00 -
Sub-Prime Scandal Focuses Attention on E-Discovery (Byte and Switch)
The two former execs, Ralph Cioffi and Matthew Tannin, were taken into custody for their alleged roles in the collapse of two hedge funds which triggered the sub-prime mortgage crisis.
2008-06-20 01:01:03 -
Mayor Fenty to Review Financing of Trips to Campaign for Obama (FOX 5 Washington D.C.)
Mayor Adrian Fenty has promised to review his policy of paying for campaign trips on behalf of Senator Barak Obama, which have cost city taxpayers more than $50,000.
2008-06-20 01:32:12 -
In Bear Stearns Case, Question of an Asset’s Value (NYTimes.com via Yahoo! Finance)
The arrest of two former Bear Stearns managers spotlights the vexing problem of how to assign value to tricky assets.
2008-06-20 01:37:29 -
More Than 400 Held in FBI Mortgage Sweep (NPR)
The FBI says it has arrested more than 400 people in the last three months on charges related to mortgage fraud. Agents have arrested real estate agents and others. On Thursday, the FBI arrested two Bear Stearns investment fund managers. NPR's Dina Temple-Raston and Michelle Norris discuss the arrests.
2008-06-20 02:01:49 -
FBI Sweep Reveals New Twists to Mortgage Fraud (NPR)
The FBI has arrested more than 400 people in a sweep that's revealed a broad array of alleged mortgage scams across the country. Some alleged schemes involved real-estate twists on identity theft; others preyed on those facing foreclosure
2008-06-20 02:29:13 -
Insurance CEOs Lose Jobs as Fast as Banking Chiefs (Update1) - Bloomberg
June 20 (Bloomberg) -- Running an insurance company turns out to be at least as hard as managing a securities firm. American International Group Inc. 's Martin Sullivan is one of eight chief executive officers at top U.S. insurers who were replaced ...
2008-06-20 10:35:00 -
Freddie Mac keeps insurers at top level post review - Reuters
NEW YORK, June 20 (Reuters) - Freddie Mac (FRE.N: Quote , Profile , Research , Stock Buzz ), the second largest-provider of funding for U.S. home mortgages, on Friday said three mortgage insurers would keep top designations for doing business with ...
2008-06-20 11:32:00