Mortgage and Financial News From 2007-10-9 Page 11

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  • Troy Businessman Pleads Guilty to Fraud Scheme (WRGB Albany)

    A Massachusetts man pleaded guilty in federal court Tuesday for his role in a mortgage fraud scheme in Troy several years ago.
    2007-10-09 12:58:01

  • ChoicePoint's MARI Adds License Verification of Appraisers and Realtors to National Mortgage Fraud Database (PRWeb via Yahoo! News)

    The Mortgage Asset Research Institute (MARI®), a service of ChoicePoint® (NYSE: CPS), today announced the next round of enhancements to its Mortgage Industry Data Exchange (MIDEX®) anti-fraud database. MARI has now added License Verification of appraisers and realtors to the MIDEX platform. The initial launch covers 14 states and is expected to be expanded nationally by the end of the year.
    2007-10-09 05:59:00

  • ChoicePoint's MARI Adds License Verification of Appraisers and Realtors to National Mortgage Fraud Database (PRWeb)

    The Mortgage Asset Research Institute (MARI®), a service of ChoicePoint® (NYSE: CPS), today announced the next round of enhancements to its Mortgage Industry Data Exchange (MIDEX®) anti-fraud database. MARI has now added License Verification of appraisers and realtors to the MIDEX platform. The initial launch covers 14 states and is expected to be expanded nationally by the end of ...
    2007-10-09 06:46:03

  • S&P says underestimated extent of mortgage fraud (Reuters via Yahoo! Malaysia News)

    MUMBAI, Oct 9 - The chief economist of Standard and Poor's said on Tuesday that the ratings agency had underestimated the extent of fraud in the U.S. mortgage industry.
    2007-10-09 12:11:39

  • Thornburg Mortgage says loss widens

    Reuters - NEW YORK (Reuters) - Thornburg Mortgage Inc (TMA.N: Quote , Profile , Research ), a jumbo-mortgage lender severely hurt by ... resulted from the receipt of actual sale price documentation for asset liquidations conducted by third-party companies. ...
    2007-10-09 08:13:00

  • Sector Snap: Semiconductors

    Boston Globe - Kumar listed Diodes Inc. and Intersil Corp. among other semiconductor companies that could be at risk from the recent mortgage crunch. Both declined in early afternoon trading, though the broader market inched higher. "We believe that a credit crunch ...
    2007-10-09 11:05:00

  • Chip Register Joins Mortgage Cadence to Lead Acquisition Strategies

    Forbes - Mortgage Cadence supplies mortgage lending platforms that enable companies to focus on profitability and superior service. Comprised of comprehensive end-to-end loan origination software at its core, a business rule management system (BRMS), workflow ...
    2007-10-09 08:13:00

  • Letter to Shareholders of Principal Mortgage Fund, Inc.

    Market Wire - Mortgage companies with fundamentals are beginning to rebound and swing back from the meltdown; we see explosive growth in buying mortgage companies with solid fundamentals that are trading at their lows based on fear and speculation. Luminent is ...
    2007-10-09 12:02:00

  • CREDIT WRAPUP 4-More mortgage woes, rating agencies reviewed

    Reuters - The lender focuses on high-quality jumbo loans, which are above the $417,000 purchase limits of giant mortgage finance companies Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ). Across the broader ...
    2007-10-09 12:24:00

  • Thornburg Mortgage shares fall on loss estimate

    Reuters - The estimated loss is the second revision announced by Santa Fe, New Mexico-based Thornburg since it sold $20.4 billion of top-rated mortgage securities in August due to sharp pull-backs in financing by investors in mortgages and mortgage companies ...
    2007-10-09 12:45:00

  • Sector Snap: Mortgage Companies

    Boston Globe - NEW YORK -- Shares of Thornburg Mortgage led a mostly down day Tuesday among mortgage stocks, after the company said its third quarter losses would be higher than originally anticipated. Shares of Thornburg fell $1.10, or 10.4 percent to $12.06 in ...
    2007-10-09 11:48:00

  • Letter to Shareholders of Principal Mortgage Fund, Inc. (Marketwire via Yahoo! Finance)

    Principal Mortgage Fund Announces Update to Shareholders
    2007-10-09 12:07:00

  • Mortgage industry disappointed with Govt failure to make changes to stamp duty (Money Marketing Online)

    The mortgage industry has reacted with disappointment at the Government’s failure to make any changes to stamp duty tax in order to help first time buyers in its pre-budget report today.
    2007-10-09 10:19:01

  • More mortgage woes, rating agencies reviewed (Reuters via Yahoo! UK & Ireland News)

    Thornburg Mortgage Inc, a jumbo-mortgage lender hurt by the credit crisis, boosted its estimated loss from asset sales on Tuesday, the latest sign that the crippled U.S mortgage market is far from healed.
    2007-10-09 12:50:00

  • Thornburg Mortgage says loss widens (Reuters via Yahoo! News)

    Thornburg Mortgage Inc , a jumbo-mortgage lender severely hurt by the mortgage crisis, said on Tuesday a loss from asset sales was 27 percent bigger than expected, resulting in a total $1.1 billion hit in the third quarter.
    2007-10-09 08:05:23

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