Mortgage and Financial News From 2008-5-21 Page 7

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• Calif. congresswoman failed to pay mortgage on home - Modesto Bee

  Life shattered in Iraq pieced back together Law & Order Remember Ron Paul? Time for second look How not to impress while applying to Starbucks: Steal the tip jar Injuries reportedly major in Highway 99 crash California Congresswoman Laura Richardson ...
  2008-05-21 05:08:00

• Latest News - dBusinessNews.com

  Snowbound Software to Showcase Virtual Viewer HTML Document and Image Viewer at EMC World 2008 Robust viewer delivers zero footprint AJAX viewing option for Java ... Steinway Acquires ArkivMusic WALTHAM -- Steinway Musical Instruments, Inc. today ...
  2008-05-20 12:37:00

• Bank of Canada takes C$120 mln out of the markets - Reuters

  TORONTO, May 21 (Reuters) - The Bank of Canada sold C$120 million ($122 million) worth of government securities in markets on Wednesday to bring the overnight interest rate up towards its target. Through Sale and Repurchase Agreements, or SRAs, the ...
  2008-05-21 12:15:00

• Advent Mortgage: California Reverse Mortgage Specialists offer Seniors ... - WebWire

  (Los Angeles, California) In today’s economic reality it has become increasingly hard for the middle-income American to make end meets on an income that used to comfortably take care of things not so long ago. Older adults on fixed incomes are hit ...
  2008-05-21 04:51:00

• Foreign central banks ramp up Freddie Mac support - Reuters UK

  NEW YORK (Reuters) - Central banks around the world bought nearly half of the $8 billion in debt sold by Freddie Mac (FRE.N: Quote , Profile , Research ) on Wednesday, potentially bringing their holdings of such debt to record levels. Central banks ...
  2008-05-21 05:15:00

• Mortgage lenders tip 7% fall in house prices - Times Online

  House prices will fall about 7 per cent this year, with no prospect of the mortgage lending market recovering in 2008, Britain's bank and building society trade body has warned. The forecast from the Council of Mortgage Lenders (CML), reversing its ...
  2008-05-21 01:34:00

• Mississippi Facing Mortgage Crisis - WAPT

  MADISON, Miss. -- Experts say that every home that goes into foreclosure forces down the values of nearby homes by 1 percent. Madison officials said the city has long been a target of mortgage fraud. But residents are fighting back. Lisa Barron is ...
  2008-05-21 12:29:00

• Financial Winners & Losers: Moody's - Street.Com

  A computer glitch at Moody's MCO caused shares of the bond ratings company to plunge Wednesday and sent other financial stocks down as jittery investors began selling. Moody's experienced a problem that caused some complex European financial ...
  2008-05-21 01:34:00

• UPDATE 1-Dollar Libor rates fall, euro, stg unchanged - Reuters

  LONDON, May 21 (Reuters) - The interbank cost of borrowing dollars fell on Wednesday, while the cost of borrowing euros and sterling was unchanged, according to the British Bankers Association's latest daily fixing. Dollar Libor rates
  2008-05-21 08:26:00

• Home Mortgage Applications Down To Second Lowest Level In 2008 - All Headline News

  New York, NY (AHN) - The Mortgage Bankers Association's Weekly Mortgage Applications survey for the second week of May showed home mortgage applications dipped by 7.8 percent. Because of the decline, its second lowest level in 2008, the MBA's ...
  2008-05-21 09:44:00

• Five indicted in $20 million Idaho mortgage scam - Reuters

  SALMON, Idaho (Reuters) - An Idaho bank officer and four others accused of masterminding a mortgage scam were indicted in Boise on Wednesday on charges of defrauding an Idaho bank of $20 million, according to federal prosecutors. Authorities say the ...
  2008-05-21 05:08:00

• Feinstein's Sneak - Slate

  Do "hate crime" laws lower racial tensions or raise them? I'm not sure it isn't the latter. In Long Beach, some black teenagers were convicted of beating three white women on Halloween "with a hate crime enhancement," according to the LAT . This ...
  2008-05-17 05:56:00

• Australians don't understand super, financially illiterate: report - Australian Broadcasting Corp.

  A report from the Australia Institute says almost half of all Australians believe superannuation is too complicated. The research also found that many Australians are not financially literate. The report recommends the Government provide consumers ...
  2008-05-19 04:28:00

• Insight: Financial system needs wholesale changes - Financial Times

  The current focus of many market participants is reform of the financial system. But this is like discussing lifestyle changes for a patient in full cardiac arrest. What is needed is the defibrillator paddles. The global financial system must de ...
  2008-05-21 02:59:00

• IceWEB(TM) Receives Commitment Letter from Wells Fargo Business Credit ... - Forbes

  IceWEB, Inc. (OTCBB:IWEB) (www.IceWEB.com) today announced that the company has received a commitment approval from Wells Fargo Business Credit to refinance its current accounts receivable securitization facility under terms that are much more ...
  2008-05-19 01:43:00

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