Mortgage and Financial News From 2008-6-11 Page 6
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Father and son's life revolves around pizza - Chicago Sun-Times
Like father, like son. For Chris ("Big Frankie") Favero and his father, Nino, the likeness extends far beyond shared preferences for sausage pizza and the White Sox. » Click to enlarge image Chris Favero, filling an order at Frankie's 5th Floor ...
2008-06-11 06:49:00 -
FSA fines Chepstow Financial Services - Banking Business Review
Mr Jeffreys relied too heavily on customers' declarations that they could afford the mortgage contracts and did not satisfy the Financial Services Authority (FSA) that he had assessed the affordability of recommended mortgage contracts. These ...
2008-06-11 02:46:00 -
Does my nationality impact on getting a mortgage? - Guardian Unlimited
Q I have had an offer accepted on an apartment in Oxford. I hold a New Zealand passport but have been living in the UK for eight years and have a permanent job. My mortgage broker told me that because I have "limited leave to remain" on my passport I ...
2008-06-11 01:20:00 -
Premarket roundup: Staples, mortgage applications (The Forex Market)
NEW YORK (AP) -- Shares of Staples Inc. rose in premarket trading Wednesday after the office supply giant succeeded in its bid to buy Dutch office supply distributor Corporate Express NV for about $2.7 billion.
2008-06-11 07:06:34 -
Mexico's Peso Opens At 10.4170/Dlr Vs 10.4290 Tuesday Close (The Forex Market)
MEXICO CITY (Dow Jones)--Mexico's peso was trading slightly stronger against the dollar early Wednesday, following a big selloff the previous session as rising inflation and the prospects of U.S. interest rate hikes led market participants to unwind long peso positions.
2008-06-11 07:21:54 -
Gold Rebounds as the Dollar Meets Resistance (GoldSeek.com)
June 11 a.m. ( USAGOLD ) -- Gold has rebounded, having found support ahead of the 861.10/860.10 level. Gold softened earlier in the week after a round of jawboning by the President and a number of top officials bolstered the dollar.
2008-06-11 08:41:42 -
Four Steps To A Cheaper Mortgage (The Motley Fool)
Want a cheaper mortgage? Here's how to get one!
2008-06-11 09:05:53 -
More Health Care Pages (Heritage Foundation)
GRACE-MARIE TURNER: Thank you all very much for joining us today for this special forum on the Medicare program, which now funds medical care for more than 42 million senior citizens and disabled Americans.
2008-06-11 09:19:37 -
Fed's Kroszner says final rule ending deceptive mortgage lending coming in July (The Forex Market)
WASHINGTON (Thomson Financial) - The Federal Reserve is expected to issue final rules in July aimed at ending what it sees as "deceptive" mortgage lending practices, Federal Reserve Board Governor Randall Kroszner said today.
2008-06-11 09:36:03 -
SC agencies team up to fight mortgage fraud - WIS-TV
COLUMBIA, SC (AP) - The South Carolina Consumer Affairs Department is teaming up with the state attorney general to help residents spot and fight mortgage fraud. The Mortgage Asset and Research Institute said South Carolina at one time was among the ...
2008-06-10 10:47:00 -
New rules for valuing properties - BBC News
Buyers could find themselves with a mortgage worth more than a property's value, and so face immediate negative equity, the CML said. Lenders would also find themselves at risk of fraud or losses. A disproportionate number of fraud cases have ...
2008-06-11 07:11:00 -
Business briefs: Home builders' ratings downgraded (The Sarasota Herald-Tribune)
Credit-rating agency Fitch Ratings slashed its issuer default ratings for eight home builders, bumping three -- Ryland Group, D.R. Horton and Centex -- into "junk" status. Fitch said its ratings reflect its expectation that the housing slump will extend into next year and hurt prospects for a recovery in the sector.
2008-06-11 01:46:59 -
Area credit unions to shred documents free (The Herald News)
Credit unions in Will County and across Illinois have declared June as Shred Month and are banding together to help consumers protect themselves from identity theft and shred unwanted documents for free.
2008-06-11 02:31:32 -
N.J. man charged in $80M mortgage fraud (The Record)
NEWARK — The man who founded NJ Affordable Homes Corp. has been arrested and accused of cheating investors and mortgage lenders out of about $80 million.
2008-06-11 03:22:28 -
The man who beat the SEC (CNN Money)
Phil Goldstein became a hedge fund manager thanks to a pair of gray sweatpants. In the summer of 1992 the 47-year-old civil engineer walked into Las Vegas's Mirage hotel to meet his first potential investor. The shorts he was wearing didn't meet the dress code of Moongate, a Chinese restaurant where the two men had planned to meet. He thought the rule was arbitrary, so he went to a nearby gift ...
2008-06-11 05:04:35