Mortgage and Financial News From 2008-6-16 Page 2

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• Employers Offer Aid To Avert Foreclosures - Wall Street Journal

  The five-hospital health-care system loaned Ms. Rosario $5,000 interest-free, allowing the cardiology nurse to catch up on her mortgage payments.
  2008-06-16 09:17:00

• Savannah buys $157.7M note on three Monday Properties buildings (Washington Business Journal)

  Savanna acquired a $157.7 million C-Note secured by a 1.4 million square-foot, class A office portfolio in Rosslyn.
  2008-06-16 11:33:22

• Korean investor to buy Citigroup Center in S.F. (BizJournals)

  A South Korean investor is under contract to buy the Citigroup Center at 1 Sansome St. for $370 million, San Francisco's biggest office sale of 2008 and the latest example of offshore companies taking advantage of the U.S. credit crunch to gobble up prime properties.
  2008-06-16 01:03:07

• W.J. Bradley names new CFO (BizJournals)

  Roy Browning has been named chief financial officer at W.J. Bradley Co., the company said Monday.
  2008-06-16 02:00:24

• Estate agents' rogue practices revealed (Daily Telegraph)

  Here are some of the practices that most annoy house sellers, according to Which?, the consumer watchdog and Rogue Agents.co.uk, a website dedicated to unearthing estate agency scams.
  2008-06-16 02:33:34

• Century 21 leaders say the housing turnaround is coming soon in a big way (San Diego Daily Transcript via Yahoo! News)

  Tom Kunz, president and CEO of Century 21 Real Estate LLC, who has seen major real estate downturns in three different decades, says the market is not only poised for a turnaround, there have never been better opportunities than right now.
  2008-06-16 05:21:58

• Robson-on-Politics - 17 June 2008 (Scoop.co.nz)

  I have decided in this issue of ROPS to discuss the issue of class and private ownership of resources.
  2008-06-16 06:50:37

• UF opposes ETS Bill (Scoop.co.nz)

  UnitedFuture leader Peter Dunne says his caucus affirmed today that it will not be supporting the Government’s Emission Trading Bill.
  2008-06-16 08:50:51

• Mortgage scam snagged scores - Pioneer Press

  Jodi Lieder stands by the two Albertville town homes she was paid $10,000 to buy last year in what may be the largest mortgage fraud scheme in the state's history. (Scott Takushi, Pioneer Press) The pitch went like this: Just show up at the closing ...
  2008-06-13 05:53:00

• Foreclosure 'hurricane' left county devastated, congressional hearing ... - Cleveland Plain Dealer

  The Plain Dealer's reporting on the foreclosure crisis -- including video, slideshows and graphics -- is available at cleveland.com/foreclosure . The foreclosure crisis in Cuyahoga County and other urban communities is now largely a matter of ...
  2008-06-16 04:09:00

• McCollum, Legislature crack down on fraud - Bradenton Herald

  State and federal agencies are taking action against Tampa Bay-area companies involved in foreclosure scams - some that have operated in Manatee County. Attorney General Bill McCollum is suing four foreclosure rescue companies, accusing them of fraud ...
  2008-06-14 08:57:00

• Mortgage broker enters guilty plea in connection with fraud scheme - Charlotte Business Journal

  Mortgage broker enters guilty plea in connection with fraud schemeCharlotte Business Journal, NC - 16 minutes ago... to pay more than $1 million in income taxes connected to a widespread mortgage fraud scheme that sold subprime mortgages in Sacramento and Stockton. ...
  2008-06-16 08:44:04

• Report: 2 ex-Bear Stearns hedge fund managers likely to be indicted (USA Today)

  Two former hedge fund managers at Bear Stearns are expected to be indicted this week on criminal charges of securities fraud, the Wall Street Journal reported today. The collapse of the funds helped precipitate the credit crisis that continues to...
  2008-06-16 02:45:17

• On Your Side: New Consumer Help Resource in South Carolina (News 12 Augusta)

  The South Carolina Department of Consumer Affairs is introducing the newest innovation in consumer education. It involves the World Wide Web and one of the most popular video sites out there.
  2008-06-16 03:15:03

• Life without plastic (CNN Money)

  Times are tough, and like everyone else, you are trying to save more and spend less. The problem is, you've tried that before, only to see your spending inevitably drift back up. So here's a radical proposal: Stop using credit cards.
  2008-06-16 03:48:54

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