Mortgage and Financial News From 2008-1-18 Page 73

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• Home sales fall in Truckee-Tahoe - Nevada Appeal

  Home sales fall in Truckee-TahoeNevada Appeal, NV - 6 hours ago"It seems like there is a little more movement," said Karen Degney, a broker and co-owner of Assist 2 Sell franchises in Truckee, Kings Beach and Incline ...
  2008-01-17 05:43:43

• Rating Agencies Add To Insurers' Woes - Bond Buyer (subscription)

  Rating Agencies Add To Insurers' WoesBond Buyer (subscription), NY - 4 hours agoAccording to Phoenix Partners Group, an inter-dealer broker, the cost of protecting Ambac’s debt against default rose to as high as 29% in a lump sum up ...
  2008-01-17 07:08:35

• Jury indicts man in $1M loan fraud - Pittsburgh Tribune-Review

  Jury indicts man in $1M loan fraudPittsburgh Tribune-Review, PA - 2 hours agoBroker's Settlement Services wired about $336000 to pay off a mortgage on the property, $201702 to pay off the IndyMac Bank loan and sent McConaghy a check ...
  2008-01-17 09:03:07

• Gen Yers Filing for Bankrupty in Record Numbers - The Open Press (press release)

  Gen Yers Filing for Bankrupty in Record NumbersThe Open Press (press release) - 2 hours agoCurrently a real estate broker, she started her own marketing firm at seventeen years old and began investing in real estate at nineteen.
  2008-01-17 09:16:21

• New slump means shares in bear market rather than correction - New Zealand Herald

  New slump means shares in bear market rather than correctionNew Zealand Herald, New Zealand - 2 hours ago"Investor confidence is being severely tested by almost the despair that is becoming evident in the US," First NZ Capital broker Barry Lindsay. ...
  2008-01-17 09:40:42

• More selling likely on NZ sharemarket - The Age

  More selling likely on NZ sharemarketThe Age, Australia - 1 hour ago"Investor confidence is being severely tested by almost the despair that is becoming evident in the US," said First NZ Capital broker Barry Lindsay. ...
  2008-01-17 10:46:13

• Big Cities, Low Rents - BusinessWeek

  Big Cities, Low RentsBusinessWeek - 1 hour ago"Renting is a very good value in Oklahoma," says Carmen Goodspeed, broker associate with Price Edwards in Oklahoma City. "It would be hard to find an ...
  2008-01-17 10:58:26

• In Any Language - Long Island Business News (subscription)

  In Any LanguageLong Island Business News (subscription), NY - 59 minutes agoRobb Heering, a mortgage broker who helped launch Casa Latino, a real estate agency chain that targets Hispanics, said he has received death threats via ...
  2008-01-17 11:00:55

• Group Fights Bay Area Foreclosures - NBC11.com

  Group Fights Bay Area ForeclosuresNBC11.com, CA - 37 minutes ago... monthly mortgage payment increased by $1300 just six months after she had refinanced with a broker who she said never informed her of the consequences. ...
  2008-01-17 11:22:55

• Pinnacle Financial Reports Record Loan Growth and Earnings of $0.33 Per Fully Diluted Share for Fourth Quarter of 2007 (Finanzen.net)

  Pinnacle Financial Partners Inc. (Nasdaq/NGS: PNFP) today reported strong earnings and continued rapid loan growth for the quarter ended Dec. 31, 2007. Fully diluted earnings per share were $0.33 for the quarter ended Dec. 31, 2007, ...
  2008-01-17 05:17:13

• Incorporators of failed bank effort ‘foreclose’ on rmer leader (The Barnstable Patriot)

  Seven incorporators of a would-be Cape-based bank are "foreclosing" on the lead organizer, Joseph Medeiros of Mashpee, after calling it quits on the effort.
  2008-01-17 06:25:29

• Hoping For A Bite At Flea Market (The Tampa Tribune)

  Kelli Ackett has tried all the usual means to sell her house. She tried to sell it by herself. She held yard sales to try to attract buyers. She listed it with Zephyrhills real estate broker Bill Nye, who has put the property on the Internet and in local newspapers.
  2008-01-17 09:11:16

• Jury indicts man in $1M loan fraud (Pittsburgh Tribune-Review)

  A federal grand jury in Pittsburgh this week indicted a Washington County man accused of defrauding three financial institutions out of $1 million by falsifying loan documents.
  2008-01-17 09:21:07

• Lenders cold to the idea of forgiving mortgage debt (The Nashua Telegraph)

  A mortgage broker has an idea for reducing foreclosures: Encourage lenders to forgive debt. So far, the notion hasn't gained traction. ...
  2008-01-17 09:24:35

• New slump means shares in bear market rather than correction (The New Zealand Herald)

  A further slump in share prices today erased doubt the market is officially in a bear phase, rather than a mere "correction".
  2008-01-17 09:34:43

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