Mortgage and Financial News From 2008-5-17 Page 11
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ProSchools is approved in Texas to offer mortgage continuing education - PR Inside
2008-05-17 10:29:08 - ProSchools, a national provider of mortgage education, has received approval in Texas for four continuing education courses. ProSchools, a leader in online mortgage education, has developed comprehensive Texas mortgage education ...
2008-05-17 01:21:00 -
11 are charged in $10.6 million loan-fraud scam - Boston Globe
The Justice Department yesterday charged two Boston lawyers, seven mortgage brokers, and two others with fraudulently obtaining more than $10.6 million in loans using straw buyers or stolen identities to purchase 21 properties in the Boston area ...
2008-05-17 03:30:00 -
Fannie relaxing loan down payment requirements - Washington Post
Resize Text NEW YORK (Reuters) - Fannie Mae , the nation's largest source of home financing, said on Friday it is lowering the amount of down payments required on mortgages it purchases in areas where home prices are falling. Starting on June 1, the ...
2008-05-16 01:54:00 -
Auditor raised flag about loans (Hamilton Spectator)
'You're talking about personal behaviour. How do you legislate behaviour?' -- Former mayor Larry Di Ianni
2008-05-17 01:42:13 -
Business briefs Gyrocam contract valued at 302 million (The Sarasota Herald-Tribune)
The U.S. Army put a figure of 302 million on the contract it just awarded to Gyrocam Systems LLC of Manatee County for 500 of its super stable camera systems. The systems can be used to spot roadside and other threats in Iraq and Afghanistan. The five year contract comes on top of 300 of Gyrocam's cameras already in use for the war.
2008-05-17 01:44:37 -
At last! Mortgage rate relief arrives (San Jose Mercury News)
Months after many eager homeowners started gearing up to refinance their mortgages, interest rates for Bay Area-size mortgages are finally falling.
2008-05-17 01:44:53 -
FHA fills lending void for riskier buyers (Seattle Times)
Some lenders and brokers say consumers who have dinged credit or are short of cash should consider FHA, which is filling the void left by the implosion of subprime lenders. FHA backing protects lenders from loss, so they are more willing to make riskier loans.
2008-05-17 02:17:03 -
How To Handle a Cash Crunch (Carteret County News-Times)
(ARA) - In the world of living paycheck to paycheck, unforeseen expenses create a very stressful situation. Whether the car breaks down, the water heater blows a leak or your dog needs emergency surgery from eating the hallway rug, finding a way to get out of the red gets harder every day.
2008-05-17 02:22:43 -
When lenders need menders (San Diego Union-Tribune)
When the housing slump cost him his job as a home-building executive, Jay Kerr turned to the burgeoning foreclosure market to jump-start his stalled career. The former San Diego division president of Centex Homes has made a place for himself in an expanding niche: repairing damaged foreclosure homes for the lenders who have reclaimed them.
2008-05-17 03:23:37 -
Fannie Mae eases down-payment rules for hard-hit areas (The Plain Dealer)
Qualifying for a mortgage is about to get a little easier in Northeast Ohio. The nation's largest mortgage underwriter said Friday that it is significantly relaxing home-loan down-payment requirements in areas where home values have been hammered, such as Greater Cleveland.
2008-05-17 03:46:01 -
Santander AAA Bond Investors Hurt by Spanish Loan Delinquencies - Bloomberg
May 16 (Bloomberg) -- Spanish mortgage defaults are triggering losses for holders of AAA rated bonds sold by Banco Santander SA , the country's largest lender. Investors in the highest grade portions of 2.8 billion euros ($4.33 billion) of bonds ...
2008-05-16 05:40:00 -
Mortgage rates down for week - Tacoma News Tribune
WASHINGTON – Rates on 30-year mortgages fell down this week to their lowest point in a month. It was welcome news to would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.01 percent ...
2008-05-16 12:46:00 -
Australian Mortgage Market Shows Signs of Improving, RBA Says - Bloomberg
May 16 (Bloomberg) -- Australia's market for securities backed by residential mortgages, which ground to a standstill last year amid the global credit squeeze, shows signs of improving, said Guy Debelle , a Reserve Bank assistant governor. ``In ...
2008-05-15 09:55:00 -
Business, in brief - Los Angeles Times
Rates on 30-year fixed-rate mortgages averaged 6.01% this week, down from 6.05% last week and the lowest since mid-April, when rates averaged 5.88%, mortgage company Freddie Mac said. Five-year adjustable-rate mortgages dropped to 5.57%, from 5.67 ...
2008-05-15 11:56:00 -
Orleans Energy Announces Record First Quarter 2008 Results - Market Wire
Production in the first quarter averaged 3,784 barrels of oil equivalent ("boe") per day, an increase of 46% over the first quarter of 2007 (2,583 boe per day) and a 21% increase over the preceding fourth quarter of 2007 (3,132 boe per day). Orleans ...
2008-05-15 01:19:00