Mortgage and Financial News From 2008-5-14 Page 9
Previous Day: 2008-05-13
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Talk Back: The foreclosure crisis — who is most at fault? - Frederick News-Post
What do you think of the grand jury’s decision that Cpl. Rudy Torres was justified in using a Taser that ended in the death of 20-year-old Jarrel Gray? Think you've got a great topic for Talk Back? Let us know. Send an e-mail to citydesk ...
2008-05-13 10:54:00 -
Ex-mortgage broker seeks delay in sentencing for fraud - Morning Call
Reading lawyer Emmanuel Dimitriou, died in March. Prosecutors claim Snyder engaged in a Ponzi scheme in which he defrauded 811 borrowers and 31 investors out of $29.2 million. More than 50 families from Lehigh and Northampton counties were among ...
2008-05-13 02:16:00 -
Montgomery, state partner to help residents fight foreclosure (The Washington Examiner)
Montgomery County officials announced agreements with the state Tuesday to fund programs to help residents fight foreclosure while the number of foreclosure sales in Montgomery had increased 1,250 percent from the first quarter of 2007 to first-quarter 2008.
2008-05-14 12:20:34 -
Foreclosures spike bill for lawn mowing (The Washington Examiner)
Nearly 7,000 foreclosed homes will cost Prince William County $2 million more than expected for mowing lawns alone.
2008-05-14 12:21:05 -
Mortgage broker Kirby Walker, 90, was determined to do the right thing (Seattle Times)
Kirby Walker, 90, a former mortgage broker and Marine, discovered water conservation as a cause.
2008-05-14 12:28:32 -
Md. home sales fall furthest in nation (Baltimore Sun)
But drop in prices over same 3-month period not as steep Home sales fell faster in Maryland than in any other state in the nation in the first three months of the year, dropping more than even in hard-hit spots of the country such as California, a Realtors group said yesterday.
2008-05-14 12:33:05 -
London open: Miners keep Footsie afloat (ShareCast)
LONDON (SHARECAST) - Footsie is leaning heavily on the miners to keep in the blue after a trio of cash calls and some mixed trading statements this morning.
2008-05-14 01:22:57 -
Foreclosure filings hit record in April (CNN Money)
U.S. foreclosure filings reached a record high in April, rising almost 65% over the previous year and putting municipalities at risk by putting into the value of taxed property, according to a study released Wednesday.
2008-05-14 02:15:39 -
Don’t panic over mortgage repayment problems (Western People)
HAS the availability of money for mortgage-related funding declined significantly in recent months, or is it simply that clarity is what’s needed when shopping the market?
2008-05-14 02:27:53 -
Liberty Media in Accord With Diller’s Company (NYTimes.com via Yahoo! Finance)
Liberty Media and IAC/InterActiveCorp said that they had settled their differences, paving the way for the division of IAC into five companies.
2008-05-14 02:36:46 -
Lawsuit targets mortgage brokers Local homeowner alleges income ... - Las Vegas Review Journal
An attorney representing a homeowner has filed the first local lawsuit in what could be a wave of litigation targeting mortgage companies and other real estate professionals. Robert Cottle, a partner in the Las Vegas law firm Mainor Eglet Cottle ...
2008-05-13 01:54:00 -
Barratt Sales Drop 7.6% on Slide in U.K. Home Market (Update1) - Bloomberg
May 14 (Bloomberg) -- Barratt Developments Plc , the U.K.'s second-largest house builder by volume, said sales this year have fallen 7.6 percent as banks curbed lending to potential buyers. Revenue in the 19 weeks through May 11 dropped to 825 ...
2008-05-13 11:44:00 -
Leading home builder goes bust - News.com.au
HUNDREDS of people could lose their deposits and their new homes after administrators were appointed yesterday to Beechwood Homes, NSW's largest home builder. Building work is continuing on around 300 new homes in the hope that the company can find a ...
2008-05-13 10:26:00 -
Bradford & Bingley plans 300 mln pounds rights issue - report - CNBC
LONDON (Thomson Financial) - Bradford & Bingley Plc. is set to announce an emergency rights issue Wednesday as the mortgage bank explores ways to raise fresh capital, according to report in The Times. At least one institutional investor has been ...
2008-05-13 10:54:00 -
Auction by Calif. firm hits snag again - Boston Globe
Another winning bidder on a foreclosed Massachusetts home auctioned by Real Estate Disposition Corp. has found she can't close on the home because the foreclosure process is not yet complete. Alexandria MacKinnon and her husband made the high bid on ...
2008-05-13 09:07:00