Mortgage and Financial News From 2007-8-24 Page 19

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• Young families can't afford Wales

  News Wales - Figures released by Shelter Cymru today show that this year has seen the highest number of clients seeking mortgage advice from the charity since 1991. Nearly 600 households who were experiencing problems in paying their mortgages, and were facing a ...
  2007-08-23 11:37:00

• Countrywide, Bank of America Talked for Years

  Wall Street Journal - Lewis sought advice from Mr. Mozilo on Bank of America's mortgage business and that Mr. Mozilo suggested "outsourcing" the back-office functions of making and servicing home loans to Countrywide, while using Bank of America's name and branch network ...
  2007-08-24 02:03:00

• Investors in KKR Affiliate Seek Advice on Payment-Delay Plan

  Wall Street Journal - ... including risk-averse money-market funds, have accepted a seven-day delay but have now hired a bankruptcy lawyer for advice ... to accept a repayment delay to avoid forced sales "at incredibly distressed prices in a glutted market" of the mortgage assets ...
  2007-08-24 12:30:00

• Connecticut sets up hotline to help people with mortgage woes

  Boston Globe - HARTFORD, Conn. -- Connecticut residents who face home foreclosure can receive advice from a new state hotline. Gov. M. Jodi Rell and Banking Commissioner Howard Pitkin announced Thursday the state has established a toll-free number that will be ...
  2007-08-23 11:40:00

• What If Your Mortgage Lender Goes Bust (TheStreet.com)

  You can't stop making payments, but you may need to shop around for another loan.
  2007-08-23 11:58:00

• Strategies for Keeping Financially Cool (Washington Post)

  In a turbulent economy, layoffs become more common. Capital One's news this week is one very real example. So in my column today, I offer advice on what to do if you're handed a pink slip.
  2007-08-23 04:20:05

• Plante Moran Financial Advisors Chief Investment Strategist Available for Commentary on Upcoming Housing Reports, ... (PR Newswire via Yahoo! Finance)

  As both Wall Street and Main Street continue to react and respond to volatility in the marketplace caused by the subprime mortgage crash, Plante Moran Financial Advisors Chief Investment Strategist Jim Baird is available to offer commentary, insight and proactive advice for investors on upcoming economic reports and their impact on the markets.
  2007-08-23 06:01:00

• As foreclosures mount, Britain acts to change mortgage system (International Herald Tribune)

  If there is a silver lining in Britain, it is that, unlike in the United States, home prices are still rising.
  2007-08-23 11:38:55

• Governor launches foreclosure assistance hotline (WTNH-TV New Haven)

  Hartford (WTNH, Aug. 23, 2007 2:43 PM)_ Governor Jodi Rell announced the launch of a Mortgage Foreclosure Assistance Hotline Thursday. Connecticut's residents who are facing foreclosure on their homes can call the toll-free line for advice and guidance regarding their mortgage problems.
  2007-08-23 06:56:39

• Connecticut sets up hotline to help people with mortgage woes (Norwalk Advocate)

  Connecticut residents who face home foreclosure can receive advice from a new state hotline.
  2007-08-23 10:53:52

• Connecticut sets up hotline to help people with mortgage woes (Boston Globe)

  Connecticut residents who face home foreclosure can receive advice from a new state hotline. Gov. M. Jodi Rell and Banking Commissioner Howard Pitkin announced Thursday the state has established a toll-free number that will be available from 8 a.m. to 5 p.m. Monday through Friday.
  2007-08-23 11:02:18

• In Britain and U.S., Urgent Steps to Change Mortgage Systems (New York Times)

  While Americans fear an epidemic of foreclosures, brought on by the subprime mortgage meltdown, Britain is already suffering one.
  2007-08-24 03:24:58

• Two charged in $2 million scam

  Minneapolis Star Tribune - Heise also faces up to one year in prison for each failure to file taxes. More fraud charges Other pending mortgage fraud cases in Minnesota include: Ronald Clark Joseph, 49, a licensed mortgage broker, was charged with two counts of mail fraud, one ...
  2007-08-23 12:53:00

• ANZ 'still anticompetitive'

  News.com.au - ANZ Bank has been accused of anticompetitive mortgage broking, after legal action from the competition watchdog over alleged price-fixing. The accusation from Brisbane-based mortgage broker Refund Home Loans revolves around money given to customers ...
  2007-08-22 07:21:00

• Readers Report

  BusinessWeek - There is an ancient concept that holds people responsible for their own actions ("Want to take on your broker?" Personal Finance, Aug. 13). Buyers elected to go along with falsifying their mortgage loan applications. Regardless of what the lender ...
  2007-08-23 11:11:00

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