Mortgage and Financial News From 2008-5-16 Page 01

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  • Market Report: Broker downgrade bears down on Bellway - The Independent

    Bad broker sentiment bore down on Bellway, the FTSE 250-listed housebuilder, which lost 16.5p to 706.5p yesterday. Goldman Sachs, whose analysts weighed in on the housebuilding sub-sector, dealt the blow, downgrading the stock to "sell" from "neutral ...
    2008-05-16 04:31:00
  • 11 arrested in mortgage fraud scam (Boston Herald)

    An 11-member ring of Boston lawyers, mortgage brokers and others stole identities, inflated home prices and more to swindle lenders out of nearly $2 million, prosecutors say. ...
    2008-05-16 09:20:14
  • Authorities Break Up Immigrant Marriage-Fraud Ring (The Tampa Tribune)

    A month before his visa was set to expire, Nigerian native Joseph Adelegan walked into the old county courthouse on Pierce Street and took a bride: convicted felon Lane Rynes of Tampa.
    2008-05-16 09:29:27
  • Lenders MakeHome Sales More Expensive (The Tampa Tribune)

    Getting a mortgage could cost more, especially if you live in Florida or have less than stellar credit.
    2008-05-16 09:30:03
  • 'Morgan Stanley cut 1,500 jobs this week' (The Economic Times)

    Morgan Stanley cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday.
    2008-05-16 10:06:34
  • Advertisement starts (Tiscali)

    a barrel. BP advanced 1.5 percent, Royal Dutch Shell rose 2.8 percent and Tullow Oil put on 3.2 percent. Miners were mixed, with Anglo American , Xstrata , Lonmin and Vedanta Resources up. But Antofagasta , Eurasian Natural Resources , BHP Billiton and Rio Tinto were down.
    2008-05-16 10:22:13
  • Fannie Mae's lower down payment rule debtated (Pioneer Press)

    WASHINGTON — In a move to resuscitate the flagging housing market and respond to pressure from industry groups, consumer advocates and lawmakers, Fannie Mae plans to relax down-payment requirements for borrowers in markets where home prices are falling.
    2008-05-16 10:26:49
  • About Space: Saturday, May 17, 2008 (The Oklahoman)

    Firm auctions 565 properties in 72 hours TULSA — Williams & Williams, Tulsa-based auction firm, s
    2008-05-16 10:36:47
  • Tannery plan in Camden is all about jobs say supporters of government's plan (Camden Herald)

    CAMDEN — A group of citizens promoting the sale of the town-owned tannery property on Washington Street say it’s all about creating jobs.
    2008-05-16 11:03:26
  • Assurance LAWPRO(TM)(1) partners with leading Broker to provide ... - CNW Group

    TORONTO, May 16 /CNW/ - Dale Parizeau LM, a leading Québec insurance broker, and Assurance LAWPRO will be working in association to bring the TitlePLUS title insurance product to the Québec real estate marketplace. TitlePLUS title insurance ...
    2008-05-16 11:23:00
  • RMC Vanguard Mortgage Corporation Receives 2008 Pinnacle Award from ... - dBusinessNews.com

    Annell R. Bay to Join Marathon Oil Company as Senior Vice President, Exploration HOUSTON -- Marathon Oil Company announced today that Annell R. ... Mountz Solves Critical Bolt Auditing Applications With New PTT Torque Analyzer Mountz, Inc. introduces ...
    2008-05-15 01:05:00
  • Congressman Frank Notes Realtors(R)' Importance to Economic Stability - Forbes

    WASHINGTON, May 15 /PRNewswire-USNewswire/ -- Chairman of the House Financial Services Committee Barney Frank, D-Mass., today addressed the important role that Realtors(R) and the housing market play in the overall U.S. economy at the National ...
    2008-05-15 10:35:00
  • M.D.C. Holdings' Presentation at the Seventh Annual JMP Securities ... - Forbes

    DENVER, May 16 /PRNewswire-FirstCall/ -- M.D.C. Holdings, Inc. (NYSE: MDC) announced today it will broadcast a presentation being made at the Seventh Annual JMP Securities Research Conference on Monday, May 19th, at 10:30 a.m. PDT. The presentation ...
    2008-05-16 02:51:00
  • HBOS sells 13 per cent stake in Rightmove as agents feel the heat - The Independent

    HBOS has sold its remaining stake in Rightmove as the faltering housing market puts extra pressure on the estate agents who advertise through the site. The bank, which owns Halifax, announced yesterday that it had sold 13 per cent of the UK's biggest ...
    2008-05-16 05:00:00
  • Reverse Mortgage Abuse on the Rise - Insurance News Net

    Copyright 2008 Kiplinger Washington Editors, Inc.All Rights Reserved Kiplinger Retirement Report May 2008 SECTION: Pg. 1-3; Vol. 15, No. 5 LENGTH: 1597 words HEADLINE: Reverse Mortgage Abuse on the Rise AFTER HER HUSBAND died in November 2003 ...
    2008-05-16 05:28:00