Mortgage and Financial News From 2008-1-5 Page 8

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• Man Sentenced for Wife's '93 Murder (R News)

  CARLISLE, P.A. – A Rochester man pleaded no contest to murder and kidnapping charges in a case more than a decade old. Theodore John Solano, 49, entered the plea Friday. He faced charges for the strangling death of his wife back in December of 1993.
  2008-01-05 06:25:45

• Concert Benefits 'Hannah's Hope' (R News)

  Months after a fatal car accident, the community of Fairport once again rallied to turn a tragedy into something positive.
  2008-01-05 07:25:45

• Police Investigate Mall Death (R News)

  An elderly woman is dead after she fell under a horse outside Marketplace Mall in Henrietta. Monroe County Sheriff's deputies tell us the woman slipped off the curb outside the mall and fell underneath a mounted patrol horse while trying to pet it.
  2008-01-05 07:26:46

• Back to the future to cure the mortgage scandal?

  Denver Post - Mortgage companies and brokers would have to be licensed, like stockbrokers and insurance brokers. But Dreier tells me he'd go further — for example, simply forbid adjustable-rate mortgages because they're just as risky, he insists, as playing the ...
  2008-01-02 03:55:00

• Don’t bow to panic amid U.S. mortgage crisis

  Daily News - The buyout of distressed mortgage companies by the government does nothing but convince society that such practices will be rewarded in the future. The problem is that social policy decided that greater home ownership was a desired social objective ...
  2008-01-03 03:54:00

• SHARC to take bite out mortgage foreclosures

  KARE - ACORN already provides this service, but SHARC counselors will now help homeowners a couple days a week, after hours, to re-negotiate with mortgage companies to make payments affordable. Cheryl Morgan Spencer of the Minneapolis Urban League says , "We ...
  2008-01-04 03:53:00

• Help offered for those trying to fight off home foreclosure

  Pioneer Press - In recent years, mortgage companies have sold a large number of so-called "sub-prime" mortgages to first-time buyers who had poor credit or long-time homeowners who wanted to refinance. Many of those loans are now "re-setting" to higher interest rates
  2008-01-05 03:37:00

• Families seek forgiveness after foreclosure

  AZCentral.com - The percentage of homeowners with private mortgage insurance rose sharply last year, reflecting tighter credit standards, says Kevin Schneider, president of Mortgage Insurance Companies of America, the trade association for mortgage insurers. Through ...
  2008-01-05 07:55:00

• Sainsbury's tipped to cheer gloomy high street - Scotland on Sunday

  Sainsbury's tipped to cheer gloomy high streetScotland on Sunday, UK - 4 hours agoWith the five interest rate hikes before December and banks tightening up mortgage lending in the wake of the credit crunch, analysts are expected little ...
  2008-01-05 04:07:07

• THREAT TO SHOP JOBS AS RECESSION LOOMS - UK Express

  THREAT TO SHOP JOBS AS RECESSION LOOMSUK Express, UK - 4 hours agoThe resulting gloom will be compounded when Halifax, the country’s biggest mortgage lender, announces that annual house price growth slowed in all regions ...
  2008-01-05 04:07:43

• Local Teens Part Of National Robotics Competition - MyFox Kansas City

  Local Teens Part Of National Robotics CompetitionMyFox Kansas City, MO - 3 hours agoA former Kansas City councilwoman was sentenced Friday to two months in prison and four months of home detention for mortgage fraud. Saund. ...
  2008-01-05 04:41:08

• Don’t bow to panic amid US mortgage crisis - Lebanon Daily News

  Don’t bow to panic amid US mortgage crisisLebanon Daily News, PA - 1 hour agoThe buyout of distressed mortgage companies by the government does nothing but convince society that such practices will be rewarded in the future. ...
  2008-01-05 06:21:25

• Credit Counseling Needed - WDEF News 12

  Credit Counseling NeededWDEF News 12, TN - 1 hour agoCredit card companies report an increase in delinquent and default accounts, many blame the mortgage crisis. Bombarded with advertisements, many consumers ...
  2008-01-05 06:32:34

• RiverPark Place plans altered - Louisville Courier-Journal

  RiverPark Place plans alteredLouisville Courier-Journal, KY - 1 hour ago“We’ve been fighting the sub-prime mortgage crisis,” Poe said, adding that with an uncertain housing market “we and our lenders don’t have an appetite for ...
  2008-01-05 07:18:15

• Need he worry about a hole in small-caps - Minneapolis Star Tribune (subscription)

  Need he worry about a hole in small-capsMinneapolis Star Tribune (subscription), MN - 47 minutes agoCall the fund to make sure that's the explanation -- some funds suffered big losses in '07 due to subprime mortgage investments -- but don't let a price ...
  2008-01-05 07:32:18

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