Wednesday, July 30, 2008

Reo tapes - Money talks in foreclosure market - Everett Herald

Money talks in foreclosure market - Everett Herald
Question: I have seen stories in the paper about foreclosures and that prompted me to look though the legal notices in The Herald where I noticed several notice of trustees sales slated for this month. Could you explain the process of foreclosures? I

Is Housing Rounding a Bend? - Motley Fool
Foolish film buffs may well recall Laurel and Hardy, the famous comedic duo of yesteryear. Whenever the pair found themselves in a pickle -- which was often -- the slight, British-born Stan Laurel would scold his portly American sidekick, Oliver

Stocks dive in response to housing rescue plan - Los Angeles Times
Wall Street's way of thanking Congress for the new housing rescue bill: another stock market dive, led by the companies the bill is supposed to help the most. A heavy sell-off in financial and builder shares pulled the market broadly lower Monday, a

How Wall Street Wrecked Your Retirement - CBS News
E-Mail Story Our disfunctional financial system hit a new low last week when Citigroup, the hopeless wreck of Wall Street, announced it had lost $2.5 billion in the past three months -- a cheer went up, and so did the Dow. Only $2.5 billion; people

Architect of intown mortgage fraud cites 'lofty visions' - Atlanta Journal Constitution
Mortgage lender Harry Forster hoisted his teenage son so he could peer in the one window that wasn't boarded up. "I don't see anything, Dad," the son said. What happens: Mortgage fraud perpetrators use false documents, straw buyers and dishonest

Mortgage Debt Least of Bad Bets as Investing Sinks (Update2) - Bloomberg
July 28 (Bloomberg) -- The fastest inflation in 17 years and a fourth straight quarter of U.S. profit declines are turning debt sold by Fannie Mae and Freddie Mac into the favorites of the world's biggest bond investors. Pacific Investment Management

Government plan to relieve homeowners should save banks billions - Los Angeles Times
NEW YORK (AP) _ Congress' plan to allow people to refinance into more affordable mortgages won't just relieve thousands of homeowners — it's also expected to save the banks who issued the loans billions of dollars. Most banks will end up losing

Seminar discusses buying foreclosed properties in area - Inside Nova
If there is a huge interest in investing in foreclosure properties—as many experts say there is—little evidence was visible on it Saturday at a foreclosure seminar. Only seven people were present at the opening of the free seminar in the

UPDATE 1-Egypt's CIB gets U.S. loan for mortgage finance - Reuters
CAIRO, July 28 (Reuters) - Egypt's Commercial International Bank (CIB) COMI.CA(COMIq.L: Quote , Profile , Research , Stock Buzz ) said on Monday it had received a 1.3 billion Egyptian pounds ($245 million) loan from the U.S. government to expand low

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