Mortgage and Financial News From 2008-1-8 Page 23

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• Baltimore sues Wells Fargo for subprimes (The Kansas City Star)

  Black neighborhoods in Baltimore were disproportionately affected by the subprime mortgage fallout, according to a federal lawsuit filed Tuesday by the city, which is attempting to recoup the costs of maintaining neighborhoods wracked by foreclosures.
  2008-01-08 04:22:14

• Further $US drop risky, World Bank warns (The West Australian)

  The World Bank's chief economic forecaster said the US dollar did not need to depreciate much further but expressed concern its value will diminish further if the United States substantially cuts interest rates to ward off an economic recession.
  2008-01-08 04:22:46

• Consumer confidence falls further (Interactive Investor)

  Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
  2008-01-08 04:26:46

• Kerry, Snowe Call on Administration to Fund Small Business Programs

  Forbes - We are facing a tightening credit market and a tough employment outlook due to the sub-prime mortgage crisis, which means it's ... of Inspector General (OIG) has issued more than 60 reports on general lender oversight issues, including a lender fraud ...
  2008-01-08 09:57:00

• Allot Communications Finalizes Acquisition Of Esphion - Quick Facts ...

  RTT News - Multi-Closing Alert Program Prevented More Than $40 Mln In Mortgage Fraud Losses - Quick Facts [FAF] 1/8/2008 8:51:46 AM First American CoreLogic, a member of The First American Corp. (FAF) family of companies announced that its Multi-Closing Alert ...
  2008-01-08 05:54:00

• Brad Lamb: 'Superman' to federal prisoner

  Charlotte.com - The FBI reports that mortgage-fraud cases increased eightfold to 46,717 in 2007, from 5,623 in 2002. North Carolina was among the top 16 states for mortgage-fraud activity last year. Some who know Lamb say he's a consummate salesman who could "sell ...
  2008-01-08 07:27:00

• Countrywide stock plunges on bankruptcy fears

  Los Angeles Times - The company and other lenders are under investigation by bankruptcy trustees who are looking into possible fraud against mortgage borrowers. The New York Times reported today that Countrywide fabricated documents related to the bankruptcy case of a ...
  2008-01-08 12:35:00

• First American CoreLogic: Multi-Closing Alert Program Prevented More ...

  RTT News - 1/8/2008 8:51:46 AM First American CoreLogic, a member of The First American Corp. (FAF) family of companies announced that its Multi-Closing Alert Program prevented more than $40 million dollars in residential mortgage fraud losses for institutional ...
  2008-01-08 05:40:00

• IMPD officer jailed in tavern killing - Indianapolis Star

  IMPD officer jailed in tavern killingIndianapolis Star, United States - 16 hours ago... Department patrolmen, Michael C. Smith and James McClung, were indicted in a $2 million mortgage fraud scheme that involved 43 homes in three cities. ...
  2008-01-07 11:07:50

• Subprime shakeup at CIBC - Globe and Mail

  Subprime shakeup at CIBCGlobe and Mail, Canada - 16 hours agoBut he most recently made headlines as the author of a report highlighting the shortcomings of the RCMPís ability to investigate securities fraud cases ...
  2008-01-07 11:56:52

• CoStar's Retail News Roundup: Jan. 7 to 12, 2008 - CoStar Group

  CoStar's Retail News Roundup: Jan. 7 to 12, 2008CoStar Group, MD - 14 hours agoIn addition, it has undergone significant management changes, as leading executives were convicted of fraud in 2005. Although third quarter 2007 marked ...
  2008-01-08 01:32:01

• Morgan Keegan and Fund Manager James C. Kelsoe Named In $2 Million ... - Reuters

  Morgan Keegan and Fund Manager James C. Kelsoe Named In $2 Million ...Reuters - 10 hours agoThe arbitration statements of claim allege fraud, misrepresentations and omissions related to the failure of the firm and Mr. Kelsoe to fully disclose risks ...
  2008-01-08 05:03:26

• First American CoreLogic Prevents $40 Million in Mortgage Fraud ... - FOX News

  First American CoreLogic Prevents $40 Million in Mortgage Fraud ...FOX News - 10 hours ago"We're committed to equipping lenders and the mortgage industry with the most effective tools for defending against fraud schemes from every angle. ...
  2008-01-08 05:44:35

• Bakery associate claims land transfers legitimate - Inside Bay Area

  Bakery associate claims land transfers legitimateInside Bay Area, CA - 9 hours agoBey IV, 21, is now in jail on kidnapping, torture and real-estate fraud charges. Jellen in November approved sale of the bakery's longtime headquarters at ...
  2008-01-08 06:05:39

• Lee’s Summit woman pleads guilty in bank fraud case - Kansas City Star

  Lee’s Summit woman pleads guilty in bank fraud caseKansas City Star, MO - 6 hours agoA Lee’s Summit woman has pleaded guilty in the bank fraud case focused on Kansas City area builder F. Jeffrey Miller. Judy Brumble, 58, pleaded guilty to ...
  2008-01-08 09:15:27

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