Mortgage and Financial News From 2008-5-15 Page 11
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Subprime Today: Robust German, French GDP growth boosts euro (Market Watch)
NEW YORK (MarketWatch) -- Welcome to the daily roundup of subprime and credit-crunch-related news from MarketWatch.
2008-05-15 06:22:59 -
General Electric to Shed Appliance Unit, People Say (Update2) (Bloomberg.com)
May 15 (Bloomberg) -- General Electric Co. may sell or seek a partner for the unit that makes refrigerators and washers, ending more than a century in an industry that helped make GE a household name, people familiar with the situation said.
2008-05-15 06:29:01 -
My mortgage advisor misinformed me. What can I do? - Guardian Unlimited
Q I paid a mortgage adviser £200 to advise me on a buy-to-let mortgage. They recommended two products: one at a low rate that was not portable, and one at a higher rate that was portable. I chose the latter in case we needed to transfer the mortgage ...
2008-05-14 02:36:00 -
England Q1 housing starts down 24 percent year-on-year - govt UPDATE (The Forex Market)
LONDON (Thomson Financial) - The number of homes built in England fell by 24 percent in the first quarter of the year, reflecting a drop-off in demand for property as fears grow of a major fall in house prices.
2008-05-15 04:12:57 -
IFA fined £0.9m over sub-prime deals (Guardian Unlimited)
FSA fines Thinc Group for being unable to show if its advisers had given borrowers the right advice
2008-05-15 04:15:21 -
Huge fine for financial adviser (BBC News)
The Thinc Group is fined £900,000 for poor record-keeping when selling sub-prime mortgages.
2008-05-15 04:42:36 -
Inman News Awarded Best Web Site Award by National Association of Real Estate Editors (Marketwire via Yahoo! Finance)
Inman News, the leading source of independent real estate news, today announced it took top honors at the 58th Annual Journalism awards presented by the National Association of Real Estate Editors.
2008-05-15 05:00:00 -
Dividend Capital Launches New Global Real Estate Private Equity Fund of Funds (Business Wire via Yahoo! Finance)
DENVER----Dividend Capital Group, a diversified real estate investment management company, announced today the launch of a new private equity fund of funds focused on global real estate value-add and opportunity funds.
2008-05-15 05:00:00 -
IFA firm Thinc fined for subprime mis-selling (Reuters.co.uk)
LONDON (Reuters) - A large firm of independent financial advisers, the Thinc Group, has been fined for not telling customers the risks of investing in subprime mortgages, the Financial Services Authority said on Thursday.
2008-05-15 05:12:24 -
82.5% of first time buyers use brokers (Money Marketing Online)
The number of first time buyers using a mortgage intermediary has increased to 82.5 per cent in Q1 of 2008, up 10 per cent from last year, says the Council of Mortgage Lenders. ...
2008-05-15 05:13:57 -
Churches help with mortgage crisis (WABC-TV New York)
The Rev. Jeffry Dillon asked in a sermon, "Do subprime mortgages scare you?"
2008-05-15 05:16:58 -
Why not to tap the 401K (WCBD-TV Charleston)
To watch video online please click here to download the latest version of the Flash plugin. Chances are you've thought about the perils of debt, and in this economic climate, dipping into the 401k for that very reason has crossed the minds of many.
2008-05-15 05:18:20 -
Rants and Raves - UW Daily Online
A new report by the FBI says that mortgage fraud is on the rise. The death toll from a catastrophic earthquake in southwestern China continues to rise, topping 12,000. A Boy Scout in Michigan found a wallet containing $800 and helped return it to its ...
2008-05-15 02:56:00 -
FBI: Colo. a mortgage fraud 'hot spot' - Rocky Mountain News
Colorado is back on a top 10 list it never wanted to be on. The FBI ranked Colorado No. 9 as a mortgage fraud “hot spot” in 2007. In 2006, Colorado was off the list after being ranked in 2004 and 2005. Two years ago, the FBI ranked Colorado as ...
2008-05-14 03:29:00 -
FBI: U.S. housing market ripe for mortgage fraud - Xinhua News Agency
BEIJING, May 14 (Xinhuanet) -- The failing U.S. housing market is ripe for mortgage fraud, the FBI warned in a report Tuesday. Common types of mortgage fraud are misrepresentation of income or assets, forged documents, misrepresentation of a ...
2008-05-14 12:49:00