Mortgage and Financial News From 2008-8-19 Page 8
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Regulation of appraisers found lax - Inrich.com
Experts and industry insiders believe the failure by federal and state regulators to effectively monitor the real estate appraisal industry contributed to housing's current collapse. After the nation's last major banking disaster, Congress set up a ...
2008-08-19 08:26:00 -
Meet Your 'Amazing Race 13' Teams (Zap2It)
Phil Keoghan will, as always, host Married beekeepers? Southern belles? Team "Superbad"? It can only mean another season of CBS' "The Amazing Race."
2008-08-19 11:37:31 -
Prosecution seen as likely in Hastert loan fraud probe (The Union)
Almost a year after police seized documents from attorney Thomas Hastert's Grass Valley mortgage company Loan Sense, three state agencies continue to investigate allegations of real estate fraud and other criminal activity.
2008-08-19 11:58:17 -
Broker implicated in mortgage fraud scheme pleads guilty (Minneapolis-St. Paul Star Tribune)
A Twin Cities mortgage broker charged in connection with a $4.9 million mortgage fraud scheme involving dozens of homes in Minneapolis and one in Golden Valley pleaded guilty today to one count of racketeering just minutes before he was to go to trial, said Hennepin County Prosecutor Tom Fabel.
2008-08-19 12:58:16 -
Lehman Shares Fall as Firm Seeks Buyers for Neuberger (Update1) (Bloomberg.com)
Aug. 19 (Bloomberg) -- Lehman Brothers Holdings Inc. fell 13 percent in New York trading as the firm solicited buyers for its investment-management division and speculation rose that third-quarter writedowns will be worse than estimated.
2008-08-19 01:33:35 -
Large U.S. Banks May Fail Amid Recession, Rogoff Says (Update3) - Bloomberg
Aug. 19 (Bloomberg) -- Credit market turmoil has driven the U.S. into a recession and may topple some of the nation's biggest banks, said Kenneth Rogoff , former chief economist at the International Monetary Fund . ``The worst is yet to come in the U ...
2008-08-19 07:08:00 -
Stock futures point to lower open ahead of readings on home ... - Newsday
NEW YORK (AP) _ U.S. stocks headed for a lower open Tuesday ahead of economic readings on home construction and inflation at the wholesale level, as well as earnings reports from several leading retailers. The Commerce Department's report on July ...
2008-08-19 04:59:00 -
New home construction near a 17-year low - MSNBC
See today's average mortgage rates across the country. WASHINGTON - Construction of homes and apartments fell in July to the lowest level in more than 17 years, the government reported Tuesday. The Commerce Department said that builders broke ground ...
2008-08-19 06:46:00 -
Fannie, Freddie fall on talk of government bail-out - MSN MoneyCentral
Fannie Mae and Freddie Mac shares reached their lowest levels in almost two decades Monday after a Barron's report said it is increasingly likely the government will have to bail out the mortgage giants. "It may be curtains soon for the management ...
2008-08-19 08:05:00 -
9-Foot Tapeworm Leads to $100,000 Lawsuit (WSB-TV 2 Atlanta)
A patron claims that a restaurant's undercooked salmon put an unwanted visitor into his body.
2008-08-19 11:42:04 -
Man Sues Restaurant Over 9-Foot Tapeworm (WCVB Boston)
A man who says restaurant salmon came with a parasite sues for $100,000.
2008-08-19 11:49:50 -
Wholesale prices rising at fastest pace since 1981 (Havre Daily News)
Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released today.
2008-08-19 11:54:40 -
Armed 85-Year-Old Makes Intruder Call 911 (Fox 12 Oregon)
POINT MARION, Pa. -- A teenage burglary suspect is in custody after an elderly Pennsylvania woman boldly went for her gun, then forced him to call police while she kept him in her sights.
2008-08-19 12:03:32 -
Home buyers positive on spending (TVNZ)
A glimmer of hope is creeping back into the housing market with many home buyers seeing now as a good time to buy a house, according to the latest ASB Housing Confidence Survey.
2008-08-19 12:10:13 -
(AFX UK Focus) 2008-08-19 19:43 US STOCKS-Financial fears, high inflation rattle Wall St (Interactive Investor)
NEW YORK Aug 19 (Reuters) - U.S. stocks fell for a second straight day on Tuesday, shedding 1 percent, as credit worries hit bank shares and a report showing inflation remains a threat despite slower growth further fed investor anxiety.
2008-08-19 12:14:15