Mortgage and Financial News From 2008-7-22 Page 3
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Mortgage advisers 'are failing' (BBC News)
Most mortgage advisers are doing a poor job when giving advice, according to research by the consumers association Which?
2008-07-22 04:21:59 -
The Mortgage Clinic: 'Should we cash in our endowment policy?' (Independent)
'We took out a 25-year interest-only mortgage in 1987, along with a Standard Life endowment, but we no longer need the endowment to pay off the mortgage nor the life insurance aspect of the endowment policy. Should we carry on paying £42 a month for this policy until it matures in 2012, or should we cash it in now?' Sally Jenkins, Sutton Coldfield
2008-07-22 04:38:15 -
Regulator targets mortgage fraud (Independent)
The Financial Services Authority has announced tough new measures to try to curb soaring numbers of mortgage fraud cases, by tightening its surveillance of lenders and brokers.
2008-07-22 04:57:52 -
Get legal help for private contract (Everett Herald)
Question: We are interested in purchasing a home privately, that is, without the seller using a real estate broker. We would need to agree on a price and will ask for a structural inspection. What suggestions do you have for oversight of this transaction to protect both the seller and us?
2008-07-22 05:10:58 -
Dentist gets 10 years for $2.8 million mortgage fraud - Philadelphia Inquirer
A former Staten Island, N.Y., dentist who maintained an office and surgical center in Berlin Township was sentenced to 10 years in federal prison today for fraudulently obtaining about $2.8 million in mortgage loans. Authorities said that Terrance D ...
2008-07-21 01:11:00 -
9:10 a.m.: Two more charged in mortgage fraud scheme - Inland Valley Daily Bulletin
SAN BERNARDINO - Prosecutors charged two more people in a predatory lending scheme that targeted San Bernardino County residents, officials said today. Seven people have already been tied to the bait-and-switch scheme by operators of Tarzana Lifetime ...
2008-07-22 11:37:00 -
Mortgage lender Edeus offers discount to tempt borrowers to pay off ... - Times Online
A mortgage lender is offering a discount of 8 per cent to homeowners who repay their mortgage early in a new sign of the turmoil gripping the mortgage market. Edeus, a sub-prime lender, is waiving all exit fees and early redemption penalties for some ...
2008-07-22 01:32:00 -
Property: FSA targets mortgage fraud - Guardian Unlimited
Mortgage brokers will be targeted in a crackdown on mortgage fraud, the City regulator announced today. The Financial Services Authority (FSA) said it planned to visit 200 intermediaries to assess their financial crime systems and controls, and ...
2008-07-22 03:37:00 -
FSA demands mortgage fraud action - BBC News
"The FSA continues to take very seriously the question of whether lenders' systems and controls for dealing with mortgage fraud are proportionate to the risk," said Philip Robinson, director of the FSA's financial crime and intelligence division. "We ...
2008-07-22 04:20:00 -
FSA warns lenders on mortgage fraud - International Herald Tribune
LONDON : The Financial Services Authority said on Tuesday it has warned mortgage lenders about the risk of fraud as the economy worsens and has outlined its own plans to tackle financial crime. The FSA wrote to associations including the Council of ...
2008-07-22 04:06:00 -
FSA to tackle mortgage fraud - Financial Times
A crackdown on mortgage fraud, including the expansion of a scheme that encourages more lenders to report rogue mortgage brokers, was announced by the financial regulator. The Financial Services Authority has banned 17 mortgage brokers and levied a ...
2008-07-22 10:47:00 -
Valley National Bank Ranked 8th Best Performing Home Equity Portfolio by SNL Financial (Fox News)
Valley National Bank Ranked 8th Best Performing Home Equity Portfolio by SNL Financial
2008-07-22 01:09:21 -
Irondequoit Begins Reconstruction Project (R News)
The ride to and from Lake Ontario through Irondequoit will change as the town begins its largest-ever road reconstruction project. The nearly $13 million project is designed to slow things down on Route 590 from Titus Avenue north to the lake.
2008-07-22 01:24:14 -
Police ID Henrietta Crash Victim (R News)
A Rochester woman was killed when the car she was driving hit an SUV, sideswiped a minivan and plowed head-on into a pickup truck in Henrietta Tuesday morning.
2008-07-22 01:24:24 -
Mortgage Showdown Imminent (WJHG Panama City)
A showdown over who runs the office that licenses mortgage brokers could occur as early as next week. Calls for the resignation of Don Saxon are growing over reports that felons have been licensed despite their convictions. The state’s Chief Financial Officer says she isn’t getting the answers she needs.
2008-07-22 01:57:26