Mortgage and Financial News From 2008-6-16 Page 3
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Tucson man sentenced to federal prison in mortgage scam (Tucson Citizen)
A Tucson man was sentenced Monday to two years in prison, three years on probation and must pay more than $1 million in fines after he pleaded guilty to a $13 million mortgage scam.
2008-06-16 04:56:31 -
Harris County foreclosures on pace to top 2007 total (Houston Chronicle)
Foreclosures were up 16 percent for the first six months of the year in Harris County, putting the county on pace to beat last year.
2008-06-16 07:10:10 -
S&P 500 Leaders and Laggards: ABK AW - Forbes
GameStop Corp. was among the top gainers on the Standard & Poor's 500 Index on Monday after a Goldman Sachs analyst upgraded the video game retailer to "Neutral," saying the weakness in the broader gaming sector is now priced into the stock. The S&P ...
2008-06-16 01:46:00 -
Sen. Menendez reports modest financial assets - Newsday
TRENTON, N.J. - New Jersey Sen. Robert Menendez , who was among the poorest members of the U.S. Senate in 2006, is again reporting modest assets. Menendez's 2007 financial disclosure form shows his biggest asset is rental property in Union City worth ...
2008-06-16 01:53:00 -
A.M. Best Affirms Ratings of Genworth Financial, Inc. - PR Inside
issuer credit ratings (ICR) of "aa-" of the key life/health insurance subsidiaries of Genworth Financial, Inc. (Genworth) (Richmond, VA) (NYSE:
2008-06-16 03:04:00 -
New A.I.G. Chief Plans to Reach Out (NYTimes.com via Yahoo! Finance)
Robert B. Willumstad said he will review A.I.G.’s position and have a turnaround plan in place by September.
2008-06-16 04:37:00 -
Syed Nadzri: No funny side to this one! (The New Straits Times)
SOME people have certainly not lost their sense of humour even when lamenting the rising cost of living.
2008-06-16 04:53:59 -
Citibank launches Citigold Global Banking (New Kerala)
New Delhi, June 16: Citibank today announced the launch of Citigold Global Banking, a premium banking and wealth management service exclusive to Citigold clients.
2008-06-16 05:18:45 -
Budget to the rescue (Columbian Missourian)
Columbia residents don’t need an economist to tell them that food and gas prices are rising: It’s clear at the pump and at the register. But how to budget? Plan for today, and save for tomorrow.
2008-06-16 05:38:04 -
Real estate agents go after Gen Y (USA Today)
The brutal real estate slump has made real estate agents so hungry for business that many have decided to go after a group not known for its home-buying habits: Twentysomethings. And to try to connect with them, agents are unleashing a new breed of marketing tactics, from posting homes for sale on YouTube to building snazzy Facebook pages.
2008-06-16 06:13:13 -
New A.I.G. Chief Plans to Reach Out to Investors (NYTimes.com via Yahoo! Finance)
Robert B. Willumstad said he will review all of A.I.G.’s businesses before meeting with investors, probably after Labor Day.
2008-06-16 06:37:01 -
Mortgage lenders promise speedy help to at-risk borrowers - Providence Journal
WASHINGTON — Citigroup, Inc., Bank of America Corp. and other leading U.S. mortgage lenders agreed yesterday to expand efforts to help borrowers avert foreclosure as the Senate prepares to weigh legislation addressing the housing crisis. The Hope ...
2008-06-16 04:23:00 -
U.S. Pushes European Lending Plan As Potential Salve to Housing Woes - Wall Street Journal
WASHINGTON -- The Bush administration, seeking to jump-start the struggling mortgage market, is pushing a method of financing popular in Europe that could make it easier for home buyers to obtain loans. The Treasury Department is hosting a meeting ...
2008-06-16 05:13:00 -
Bear Stearns Subprime Funds May Draw U.S. Charges, People Say - Bloomberg
June 16 (Bloomberg) -- Federal prosecutors and the U.S. Securities and Exchange Commission may bring criminal and civil charges in a probe of Bear Stearns Cos . hedge funds whose collapse ignited the subprime mortgage crisis last year, people ...
2008-06-16 02:36:00 -
SoCal home prices slid 27 pct in May; sales drop - Forbes
The median price of homes across Southern California's six most populous counties plunged last month by 26.7 percent compared with last year, hurt by heavily discounted foreclosed properties, which accounted for about one third of resold homes, data ...
2008-06-16 04:23:00