Mortgage and Financial News From 2008-3-4 Page 16

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• FSA allays mortgage fears (Mortgage Introducer)

  Furthermore, a quarter of these worried homeowners said that they had no measures in place to meet these costs should they end up in the worst case scenario in the next twelve months.
  2008-03-04 08:53:34

• O'Malley's initiative on foreclosure issue is found lacking

  Baltimore Sun - O'Malley's administration has introduced a series of bills that would lengthen the time before a foreclosure can take place, create a new criminal statute on mortgage fraud and ban the conveyance of property in so-called foreclosure rescue schemes.
  2008-03-03 11:26:00

• Kohn says Basel II implementation will help banks avoid excessive risk (The Forex Market)

  WASHINGTON (Thomson Financial) - Federal Reserve Board Vice Chairman Donald Kohn said today that the full implementation of the Basel II agreement will help banks keep closer track of the lending risks they face, since it will make it harder for them to move loans off of their balance sheets.
  2008-03-04 08:53:52

• UPI NewsTrack Business (Moldova.org)

  U.S. markets lose ground Tuesday morningNEW YORK, March 4 (UPI) -- U.S. stock indexes lost ground Tuesday morning on recession worries and concern over recent declines in the manufacturing sector.The International Council of Shopping Centers weekly ICSC-UBS report released Tuesday showed a 0.6 percent decline in sales from a week ago, adding to investors' worries.In midmorning trading Tuesday, ...
  2008-03-04 09:05:10

• Mortgage appraisal standard changing

  Santa Rosa Press Democrat - Cuomo subpoenaed the two housing-finance companies in November as part of a year-long investigation of mortgage fraud. In November, Cuomo filed a civil suit accusing a home-appraisal unit of Santa Ana-based First American Corp. of inflating the value ...
  2008-03-04 05:23:00

• Edward Ugel: Hillary (and Bill): A Closed Mouth Inserts No Foot (HuffingtonPost)

  We are watching a global case of bad politics in action. At the tip of the poor-sport spear is none other than Bill Clinton himself. He's taken his ever growing legacy and shoved it right into the toilet.
  2008-03-04 09:23:45

• Sacramento realty fraud unit's funds decline; complaints rise

  Sacramento Bee - Meanwhile, the U.S. attorney's office coordinates a federal mortgage fraud task force of federal, local and state agencies. "There's enough work to go around," said Matthew Stegman, mortgage fraud prosecutor for the U.S. attorney's office.
  2008-03-04 06:06:00

• Brothers sentenced for mortgage fraud

  Newsday - ROCHESTER, N.Y. - Two brothers are ordered back to prison for running a mortgage scheme in suburban Rochester. Robert Amico, 45, and his 36-year-old brother, Richard Amico, were convicted in 2003 of defrauding mortgage lenders out of $58.5 million ...
  2008-03-03 02:36:00

• Lawsuit Filed Against Psychologist In Teen's OD (Local 10 Miami)

  The family of a woman who died from a drug overdose is suing her 40-year-old psychologist boyfriend, accused of illegally prescribing painkillers to her when she was a teen. INSIDE: Video
  2008-03-04 07:29:23

• Town Clerk Accused Of Taking Money (KCTV 5 Kansas City)

  A small-town city clerk in southwest Missouri is charged with forgery and fraud for allegedly taking more than $8,000 from the town.
  2008-03-04 07:50:26

• Kirkland Woman Sentenced In Fraud Case (KIRO 7 Seattle-Tacoma)

  SEATTLE -- A Kirkland woman has been sentenced in federal court to 18 months in prison for conspiracy to commit health care fraud and conspiracy to launder money.
  2008-03-04 07:51:11

• (AFX UK Focus) 2008-03-04 16:08 GMT: Bernanke urges more principal writedowns to avert foreclosures UPDATE (Interactive Investor)

  (updates analyst comment)
  2008-03-04 08:12:47

• (AFX UK Focus) 2008-03-04 15:45 GMT: THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 GMT (Interactive Investor)

  2008-03-04 15:27:34 ECOFIN Finance ministers suspend VAT fraud talks until May - source
  2008-03-04 08:15:02

• Bernanke urges more principal writedowns to avert foreclosures UPDATE (The Forex Market)

  WASHINGTON (Thomson Financial) - Federal Reserve Board chairman Ben Bernanke today called for vigorous action by mortgage lenders to avoid foreclosures and help stabilize the housing market as well as the economy.
  2008-03-04 08:24:12

• Couple Who Robbed 'Quad City Times' Decide: 'We're Goin' to Disney World!' (Editor & Publisher)

  DES MOINES Earl and Julie Beasley, facing prison time and government seizure of their assets, decided to take a trip to Disney World last week. And federal authorities aren't happy.
  2008-03-04 09:09:15

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