Mortgage and Financial News From 2007-10-30 Page 14

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• Fitch Rates Greenwich Capital Commercial Funding Corp., Series 2007 ...

  Forbes - Greenwich Capital Commercial Funding Corp., series 2007-GG11, commercial mortgage pass-through certificates are rated by Fitch Ratings as follows: --$46,000,000 class A-1 'AAA'; --$505,344,000 class A-2 'AAA'; --$37,355,000 class A-3 'AAA'; --$47 ...
  2007-10-30 09:00:00

• MFA Mortgage Investments, Inc. Announces Third Quarter 2007 Earnings ...

  Forbes - These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in interest rates and the market value of MFA's MBS; changes in the prepayment rates on the mortgage loans ...
  2007-10-30 08:17:00

• Desjardins Group Announces Changes in Residential Mortgage Rates

  CNW Group - LEVIS, QC, Oct. 30 /CNW Telbec/ - Desjardins Group announces the following changes in mortgage rates for caisses in Québec and Ontario(*), effective on October 31, 2007 ...
  2007-10-30 09:14:00

• Wednesday preview: Fed to decide on US rates (ShareCast via Yahoo! UK & Ireland Finance)

  The Federal Reserve is said to be lining up a quarter point cut in US interest rates to 4.50% as policymakers worry about the desperate state of the housing market and economic growth prospects.
  2007-10-30 10:10:04

• Bank and mortgage scam nets ID crooks thousands

  The Register - The gang pieced together enough information about one victim, an IT director, to transfer £60,000 from his mortgage reserve account to a current account, which they later emptied to buy jewellery in Barcelona. Instead of conventional ID fraud, where ...
  2007-10-30 07:34:00

• The Other Firestorm

  PLANetizen - Yet, [the] pervasive subprime mortgage fraud...threatens to lead to far more homes lost, not 1800, but an estimated two and a half million. (The LA Times says foreclosures in California are at a record high. The third quarter's total surpasses 24,000 ...
  2007-10-30 09:22:00

• Investigators: Stockton man detailed fraud

  Record - STOCKTON - A man at the center of a suspected multimillion-dollar mortgage fraud scheme in Stockton made incriminating statements to investigators after being arrested, according to federal authorities heading up the criminal probe. Iftikhar Ahmad ...
  2007-10-30 12:10:00

• Americans Worried About National Security, ID Fraud, Unisys Security ...

  MSN MoneyCentral - In addition to national security and identity fraud, Americans also struggle with securing their current and future financial obligations, and current headlines about problems in the mortgage and credit markets may be exacerbating concerns. ...
  2007-10-30 07:56:00

• Solicitor in court over mortgage allegations

  Irish Times - Dublin solicitor Thomas Byrne, who is being pursued by several banks over alleged mortgage fraud, appeared in the High Court today where he agreed to orders closing down his practice and freezing his accounts. The court heard that some €9 million ...
  2007-10-30 07:13:00

• Former Detroit cop charged with fraud in mortgage scheme

  Detroit Free Press - A fired Detroit police officer was charged today with three felonies on allegations that he forged the signature of Wayne County Clerk Cathy Garrett to paperwork in an attempt to receive a mortgage loan. County officials announced forgery and other ...
  2007-10-30 09:22:00

• Bank and mortgage scam nets ID crooks thousands (The Register)

  Why settle for just emptying an online bank account? Scammers conned both a mortgage firm and a bank to hit an IT director for £60,000. UK police are hunting the gang responsible for the scam, and at least nine others like it, that are estimated to have netted ID fraudsters hundreds of thousands of pounds, The Times reports .…
  2007-10-30 07:44:54

• Pa. starts mortgage aid plans (Lancaster Online)

  Pennsylvania homeowners facing foreclosure due to the subprime mortgage crisis or mortgage fraud can turn to two new state programs for help. Gov. Ed Rendell announced Monday that the state has created the programs to assist homeowners who suddenly are facing sharply higher monthly payments bey...
  2007-10-30 08:12:56

• FBI agent testifies that Shields ‘seemed surprised' about allegations of mortgage fraud (The Kansas City Star)

  Katheryn Shields told the FBI last year that she knew nothing about the allegations of fraud surrounding the sale of her house.
  2007-10-29 09:05:43

• Former Detroit cop charged with fraud in mortgage scheme (Detroit Free Press)

  A fired Detroit police officer was charged today with three felonies on allegations that he forged the signature of Wayne County Clerk Cathy Garrett to paperwork in an attempt to receive a mortgage loan.
  2007-10-30 09:18:36

• Strong earnings fuel regional climb

  International Herald Tribune - ... National Australia Bank led gains by banks on speculation that the $1 billion Citic investment in Bear Stearns, the Wall Street bank hit hardest by the collapse of the U.S. subprime mortgage market, would bolster confidence in financial companies. The ...
  2007-10-30 12:46:00

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