Mortgage and Financial News From 2007-8-22 Page 16

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• Site of teen's slaying linked to welfare fraud

  Indianapolis Star - On Friday, Marion County prosecutors charged former landlord Philip Herron, 43, with eight counts of welfare fraud on ... the Gale Street house but was ineligible to be a Section 8 landlord because of a drug arrest and previous defaults on mortgage ...
  2007-08-18 12:59:00

• Countdown to a crisis - markets timeline

  Guardian Unlimited - ... Financial announced it was scaling back its involvement in home loans by shutting its Virginia-based Greenpoint Mortgage operation at a cost of $860m (£432m) with the loss of 1,900 jobs. August 21: The Securities and Exchange Commission filed fraud ...
  2007-08-22 12:11:00

• Ex-lawyer jailed for massive fraud

  Thanhnien - An ex-lawyer in Ho Chi Minh City was sentenced to 29 years in prison for charges including fraud worth US$302,000 ... 2005, he borrowed VND500 million ($30,800) from Ngo Thi Dang Nam and gave her fake documents of ownership of a BMW as mortgage
  2007-08-22 05:26:00

• Secret Service lectures on counterfeiting

  Kane County Chronicle - McCloskey, 34, has been with the Secret Service for more than seven years and does 10 to 15 such educational sessions a year on topics including identity theft, mortgage fraud and, in this case, how to spot a counterfeit bill. As much as $110 million ...
  2007-08-22 09:51:00

• Man guilty of mortgage fraud

  Croydon Advertiser - A MAN has been convicted of lying to get a more favourable rate on his mortgage. Mezher Ali, 60, was found guilty at Kingston Crown Court of mortgage fraud by pretending he was living at a house he bought in Ruskin Drive,Worcester Park. But a jury ...
  2007-08-21 12:55:00

• Former Councilwoman Guilty Of Fraud

  Kansas City Call - A former Kansas City Councilwoman was found guilty of wire fraud on Thursday by a federal jury. Bishop Saundra McFadden-Weaver said she was actually a victim and acted in “good faith” in an alleged mortgage deal which turned out to be a mortgage ...
  2007-08-21 09:41:00

• 2 indicted in Cendant fraud probe (Courier-Post)

  A former Philadelphia resident who spent some of his time in a federal prison in Georgia concocting a scheme to defraud Cendant Mortgage Corp. of $2 million was indicted Tuesday by a federal grand jury in Camden.
  2007-08-22 07:24:00

• Man guilty of mortgage fraud (icCroydon)

  A MAN has been convicted of lying to get a more favourable rate on his mortgage. Mezher Ali, 60, was found guilty at Kingston Crown Court of mortgage fraud by pretending he was living at a house he bought in Ruskin Drive,Worcester Park.
  2007-08-22 09:28:49

• PRESS DIGEST - Wall Street Journal - Aug 22

  Reuters - Insurance stocks have been hit hard by the mortgage-market tumult, and that has created opportunities for investors willing to overlook some dings and scratches in companies that should generate healthy profits over the long term. * As the ...
  2007-08-22 05:40:00

• UPDATE 2-MGIC sues Radian after questioning merger

  Reuters - Jeffrey Lane, MGIC's general counsel, said MGIC has a "reasonable concern" that some Radian businesses apart from mortgage insurance "have been, and remain, particularly susceptible to the downturn that has taken place in the credit markets in ...
  2007-08-21 03:29:00

• Think flood insurance for hurricane season

  MaineToday.com - When you stop to think about it, if you have a mortgage on your home, and you get flooded with no flood insurance, you're looking at having to take out a second mortgage to pay for repairs to your home," he said. For more information, go to floodsmart ...
  2007-08-22 04:00:00

• Marsh: Subprime crisis may spark increase in claims for directors ...

  San Diego Union-Tribune - SAN FRANCISCO – The subprime mortgage crisis may generate more claims on so-called directors and officers insurance policies and similar coverage, according to one of the world's largest insurance brokers. So-called D&O policies protect executives ...
  2007-08-21 12:55:00

• Zacks Analyst Interview Highlights: Countrywide and Capital One.

  Forbes - Insurance companies have been significant buyers of residential mortgage-backed securities or collateralized debt obligations. While many insurance companies during the recent quarter have stated that most their respective exposure to the "sub-prime ...
  2007-08-22 09:58:00

• LandAmerica outlook cut on fears mortgage originations will decline ...

  Forbes - MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services revised its outlook on LandAmerica Financial Group Inc and its title insurance subsidiaries to negative from stable saying it reflects the challenging environment for all title insurers ...
  2007-08-22 07:13:00

• Few S.E. Minnesota victims have flood insurance

  MSNBC - One woman wondered how she could pay for temporary housing when she owed a substantial sum on a mortgage for a home that was washed out. Several others expressed concern about flood insurance. Most in the room didn't have it, but all were worried they ...
  2007-08-22 06:52:00

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