Mortgage and Financial News From 2008-2-19 Page 8

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• O'Malley targets mortgage industry for role in foreclosure crisis

  Baltimore Sun - Gov. Martin O'Malley today accused the mortgage industry of failing to follow through on promised help for troubled homeowners facing foreclosure and called on a dozen loan servicing companies to meet with him in Annapolis next week. O'Malley, joined ...
  2008-02-19 10:48:00

• O'Malley to Brief Reporters on Foreclosure Efforts

  WJLA - The bills aim to crack down on unscrupulous lenders by starting a new crime of mortgage fraud. They would also extend the amount of time before a home could be foreclosed and give lenders more requirements for notifying homeowners their homes are ...
  2008-02-19 09:00:00

• TREASURIES-Bonds sink on profit-taking, record oil prices

  Forbes - Traders also blamed the bond market's weakness on a slightly better reading on U.S. home builder sentiments and unwinding of "convexity" hedges among mortgage companies that had anticipated a surge in home loan refinancing. But a late sell-off in the ...
  2008-02-19 01:04:00

• Subprime lawsuits seen hitting more industries

  Reuters - Already, institutional investors have brought securities fraud class-action cases against lenders and banks related to their subprime mortgage businesses. Now, more big investors are looking at potential claims against other kinds of companies that ...
  2008-02-19 09:36:00

• Fewer loans, more ads

  Boston Globe - You can’t tell the mortgage boom is over from the advertising on radio and television. Companies such as East West Mortgage Co. continue to heavily promote their ability to arrange loans, even for people with credit problems. In part, companies are ...
  2008-02-19 02:51:00

• Ralph Roberts' New Book Offers Self-Defense to Homeowners Facing ...

  Forbes - Foreclosure Self-Defense For Dummies offers homeowners a solid defense strategy based on the authors' collective experience as Realtors, real estate and mortgage fraud investigators and foreclosure survivors. Roberts, Maljak and Doroh have assisted ...
  2008-02-19 04:14:00

• Md. Gov Wants Loan Companies to Shape Up

  Forbes - Letters have been sent to about a dozen loan servicers, which are companies that collect mortgage payments. O'Malley and state regulators say those servicers must do a better job helping answer questions from homeowners or face state penalties or ...
  2008-02-19 12:42:00

• Mortgage lender guilty of fraud

  Indianapolis Star - A Hendricks County jury today convicted an Indianapolis man charged with swindling clients out of more than $1 million. Jason Keigley, 35, was arrested last year after a lengthy investigation involving the Indiana Secretary of State’s office ...
  2008-02-19 01:25:00

• New Md. Rules Aim To Aid Those Facing A Risk of Foreclosure

  Washington Post - Citing an "alarming" rate of mortgage foreclosures in Maryland, Gov. Martin O'Malley announced emergency regulations yesterday requiring loan service companies to tell the state when residents are in danger of losing their homes so the government can ...
  2008-02-19 06:05:00

• Md. Gov Wants Loan Companies to Shape Up

  Forbes - Among other things, the administration wants to make mortgage fraud a crime and to lengthen the amount of time before a home can be foreclosed. O'Malley said the state also has started two new loan programs to assist people who have fallen behind on ...
  2008-02-19 12:42:00

• Agency Mortgage Securities Spreads Widen to Eight-Year High

  Bloomberg - Congress created Washington-based Fannie Mae and Freddie Mac of McLean, Virginia, to expand homeownership by increasing mortgage financing. The companies may guarantee mortgages on single-family homes for as much as $417,000, a limit that last week ...
  2008-02-19 02:44:00

• End of the 100 per cent mortgage as young buyers are forced to produce ...

  Evening Standard - Now mortgage companies have finally caved into criticism that lending such huge sums is wrong. Experts say there are two reasons for the retreat - lenders themselves are struggling to raise money for loans, and they are worried about handing it over ...
  2008-02-19 04:46:00

• Foreclosure sales hit Hennepin Co. record

  Minneapolis Star Tribune - The mortgage crisis is hitting particularly hard in Hennepin County where the Sheriff's Office's Civil Unit handled a ... Grief for yet another young life lost A second time around on mortgage fraud charges Nick Coleman: Teen drivers need us to act like ...
  2008-02-19 01:47:00

• New Md. Rules Aim To Aid Those Facing A Risk of Foreclosure

  Washington Post - O'Malley's administration has several bills pending in the General Assembly to address troubles in the housing market, including proposals to lengthen the time before a home can be foreclosed on and to strengthen penalties for mortgage fraud. The ...
  2008-02-19 06:05:00

• Mortgage Companies Join Foreclosure-Freeze Effort (Update2)

  Bloomberg - Feb. 19 (Bloomberg) -- Mortgage companies including Fannie Mae and HSBC Finance joined a U.S. Treasury Department-led effort to offer 30-day foreclosure freezes to give delinquent borrowers more time to arrange payment plans. Remaining members of the ...
  2008-02-19 12:07:00

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