Mortgage and Financial News From 2008-2-8 Page 55

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• Mortgage bonanza for NAB after striking RAMS deal - Melbourne Herald Sun

  Mortgage bonanza for NAB after striking RAMS dealMelbourne Herald Sun, Australia - 55 minutes ago... not be responsible for broker commission payments associated with the acquired mortgages. "The mortgages acquired from RHG are all mortgage-insured. ...
  2008-02-08 06:05:12

• Lenders rush to follow BoE - CityWire.co.uk

  Lenders rush to follow BoECityWire.co.uk, UK - 4 minutes ago... further 0.25% bank rate cuts just to stop the actual rates new borrowers are charged from increasing,' said Ray Boulger from mortgage broker John Charcol.
  2008-02-08 06:55:54

• Police widen SocGen probe (Reuters via Yahoo! News)

  A French inquiry into a record 4.9 billion euros ($7.17 billion) trading loss at Societe Generale widened to a second broker on Friday as investigators sought to establish whether rogue trader Jerome Kerviel acted alone.
  2008-02-08 03:51:01

• Mortgage bonanza for bank (Herald Sun)

  NATIONAL Australia Bank has gone part of the way to addressing its flagging share of the domestic loan market after acquiring $1 billion in mortgages from RHG Limited.
  2008-02-08 05:00:00

• RHG rolls on after bailout (The Courier Mail)

  NATIONAL Australia Bank has gone part of the way to addressing its flagging share of the domestic home loan market after acquiring $1 billion worth of mortgages from RHG Ltd.
  2008-02-08 05:00:00

• Refis: Who can do it (CNNMoney.com via Yahoo! Finance)

  The good news: mortgage rates are down. The bad news: it's much harder to qualify for a refinanced loan these days.
  2008-02-08 05:17:00

• A Visit to Fraud's Zip Code

  WXIA 11 Alive - In this blog, 11Alive's Jaye Watson talks about Atlanta's Historic West End, an area named the top zip code for mortgage fraud in the nation. It wasn't what I expected. Working in Atlanta for nine years, I've been to most parts of the city. I've seen ...
  2008-02-06 03:57:00

• 'In-Default' Homeowners Take Their Lenders to Court

  Forbes - Cases include the exercising of a homeowner's right to cancel the mortgage transaction with additional claims for broker fraud, violations of the Truth-in-Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), and Deceptive and Unfair ...
  2008-02-08 04:42:00

• Three Indicted In $3 Million Mortgage Fraud Scheme Spanning Four ...

  All American Patriots - February 7, 2008 -- CORSICANA – A Navarro County, Texas grand jury today indicted three defendants for engaging in an organized mortgage fraud scheme. According to prosecutors, the four-county criminal conspiracy, which involved loans backed by the ...
  2008-02-06 03:57:00

• LOCAL BRIEFS

  Dallas Morning News - A Navarro County grand jury has indicted three people in an alleged mortgage fraud scheme that spanned four counties. The scheme cost the U.S. Department of Housing and Urban Development $3 million, according to Texas Attorney General Gregg Abbott ...
  2008-02-07 08:56:00

• County could combine clerk, register of deeds

  Holland Sentinel - We've got to come up with statutes to do what we can to prevent (mortgage fraud and deed fraud)." Kent County Clerk/Register Mary Hollinrake said it's not easy to wear both hats, but it is possible because her deputies and total staff of 52 take on a ...
  2008-02-08 03:08:00

• Probe in Bank Fraud Nets Second Suspect

  ABC News - French trader Jerome Kerviel is no longer the only person arrested in the $7.1 billion fraud at Societe Generale. French ... was harsh news for the bank -- one of France's biggest -- and for a financial market already roiled by the subprime mortgage ...
  2008-02-08 05:17:00

• Henderson County Residents Charged In Mortgage Scheme

  Tyler Morning Telegraph - CORSICANA - Two Henderson County residents were indicted Thursday by a Navarro County grand jury for first-degree felonies for engaging in organized mortgage fraud. Darrell L. Marriott, 54, and Kandace Y. Marriott, 51, of Gun Barrel City, were ...
  2008-02-07 09:25:00

• Kingpin fraudster jailed

  CNEWS - The kingpin of a "gargantuan", multimillion-dollar mortgage fraud - believed to be the largest ever in Alberta - was handed a six-year prison sentence yesterday. However, after getting four years credit for the two years he spent in pre-trial custody ...
  2008-02-08 01:57:00

• Kingpin in $30M fraud jailed

  Edmonton Journal - EDMONTON - The kingpin of a $30-million mortgage fraud believed to be the largest in Alberta history was sentenced Thursday to six years in prison. Gohar (Carmen) Ahmed Pervez, 45, pleaded guilty to 54 counts of fraud that netted him more than $1.8 ...
  2008-02-08 01:00:00

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