Mortgage and Financial News From 2008-2-8 Page 53

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  • FICO: Don't blame us for mortgage mess - CNNMoney.com

    FICO: Don't blame us for mortgage messCNNMoney.com - 4 minutes agoBy Paul R. La Monica, CNNMoney.com editor at large The mortgage meltdown is hurting credit score provider Fair Isaac. The company warned in January that ...
    2008-02-08 07:11:38

  • People with pricier homes likely to benefit from stimulus plan (Atlanta Journal-Constitution)

    The biggest winners in the economic rescue plan now awaiting President Bush's signature are likely to be Americans with more expensive homes who will be able to refinance their home loans at cheaper rates.
    2008-02-08 06:32:29

  • US Congress backs stimulus for troubled economy (AFP via Yahoo! News)

    The US Congress has overwhelmingly approved a giant economic stimulus plan sought by the White House amid mounting fears that the world's biggest economy could be sliding into a recession.
    2008-02-08 06:35:30

  • 3 indicted in mortgage fraud scheme (Athens Review)

    CORSICANA — A Navarro County grand jury on Thursday indicted two Gun Barrel City residents and a Kemp resident for engaging in an organized mortgage fraud scheme.
    2008-02-08 06:36:03

  • The Lies You Should Watch Out For (Fool.co.uk via Yahoo! UK & Ireland Finance)

    If you're in debt and facing the possibility your home may be repossessed, watch out for the IVA vultures who will try to scam you out of £13,000.
    2008-02-08 06:36:55

  • Markowitz Dreams of Atlantic Yards (The New York Observer)

    We got a copy of Brooklyn Borough President Marty Markowitz's State of the Borough address, given yesterday at the Brooklyn Cruise Ship Terminal. Mr. Markowitz imagined out loud a bustling downtown Brooklyn, one that includes a completed Atlantic Yards project:  read more »
    2008-02-08 06:37:10

  • Traders Still Nervous Over Prospects Of Recession - RTTNews Daily Market Analysis (Nasdaq)

    (RTTNews) - The major U.S. index futures are pointing to a lower opening on Friday. There have been signals that global growth is slowing, and the evidence is keeping recession fears alive.
    2008-02-08 06:37:30

  • MBIA Sells Stock to Aid Rating and Raises $1 Billion (NYTimes.com via Yahoo! Finance)

    The bond insurer MBIA raised $1 billion on Thursday by selling shares at $12.15 each in an effort to protect its AAA insurance rating.
    2008-02-08 06:39:30

  • Ex-attorney to spend time behind bars for bilking clients of more than 678Gs (Staten Island Advance)

    STATEN ISLAND, N.Y. -- A disbarred lawyer from Tottenville not only is disgraced, he's on his way to prison. Dennis Vourderis was sentenced yesterday to three and two-thirds to 11 years behind bars for bilking eight clients of more than $678,000 in real-estate transactions.
    2008-02-08 06:46:27

  • Stocks Are Mixed in Early Trading (The San Francisco Examiner)

    NEW YORK ( Map , News ) - Wall Street was mixed in early trading Friday, fighting to manage a second straight day of gains as investors awaited more clues about the economy.
    2008-02-08 06:54:04

  • FICO: Don't blame us for mortgage mess (CNN Money)

    If you've applied for a mortgage, auto loan or credit card recently, then you're probably intimately aware of what your FICO score is.
    2008-02-08 07:13:07

  • WA Legislature passes homeowners' counseling bill

    Seattle Post Intelligencer - They're not going to the mortgage broker out of fear, so they need someone who they trust that can help them stay in their homes." The governor's office expects the number of foreclosures to increase next year. Senate Democrats said foreclosures ...
    2008-02-05 03:58:00

  • Jobless Claims Numbers Don't Count All the Employed

    Barron's Online - As the former head of mortgage operations of a major New York bank once told me, a mortgage broker is a used-car salesman with a better suit. (Apologies to used-car salesmen.) In any case, thousands of people began to earn a living by getting a slice ...
    2008-02-08 03:51:00

  • Second Broker Questioned in SocGen Case

    CNBC - A French inquiry into a record 4.9 billion euros ($7.17 billion) trading loss at Societe Generale widened to a second broker ... euro rights issue to repair its balance sheet after the trading losses and write-downs linked to the U.S. subprime mortgage ...
    2008-02-08 03:51:00

  • New worry descends on homeowners: Option ARMs

    Seattle Post Intelligencer - We call them neutron loans because they're like a neutron bomb," said Brock Davis, a broker with U.S. Express Mortgage Corp. in Las Vegas. "Three years later, the house is still there and the people are gone." Once option ARM borrowers' loan balances ...
    2008-02-08 12:31:00

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