Mortgage and Financial News From 2008-6-13 Page 01
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Countrywide's 'VIP' loans to Washington insiders raise questions - Los Angeles Times
WASHINGTON -- One day in 2002, at a time when the sub-prime loan debacle and the collapse of the housing market were not even clouds on the economic horizon, Angelo Mozilo, head of Countrywide Financial Corp., unexpectedly ended up on the telephone ...
2008-06-13 10:25:00 -
Ask AP: Mortgage woes, a man once held in Syria - Associated Press
It's been months since subprime mortgages troubles began to affect so many Americans, causing a spike in home foreclosures and contributing to a severe slowdown in the overall economy. Looking back to before it all began, is there someone, or some ...
2008-06-13 08:16:00 -
Make offer on a foreclosure contingent upon home inspection - Arlington Heights Daily Herald
» Subcontractors have a right to get paid for work » Perils on an unrecorded quit claim » Be persistent about noisy neighbors » Mortgage company has payoff information » Lender can agree to take loss on loan » Renters have some time during ...
2008-06-13 10:03:00 -
Countrywide Gave Special Attention To Lawmakers - Washington Post
In 2004, Sen. Kent Conrad (D-N.D.) was hunting for a lender for a $1.07 million mortgage on his Bethany Beach, Del., vacation home when an old friend handed him the phone number of Angelo Mozilo. Conrad said yesterday that he sees nothing wrong with ...
2008-06-13 08:52:00 -
'American Idol' finalist Vonzell 'Baby V' Solomon's home in foreclosure (The News-Press)
A home belonging to "American Idol" finalist Vonzell "Baby V" Solomon is scheduled to be sold in foreclosure Monday, according to court records.
2008-06-13 10:13:29 -
Regional Report / Wind-power developer seeks Minnesota investors (Pioneer Press)
Looking to invest in a wind farm? Usually only the wealthy need apply. Now a Minneapolis-based wind developer is seeking a different level of investor.
2008-06-13 10:13:36 -
Ed McMahon?s 90210 Mortgage Crisis (New York Times)
Ed McMahon confirmed this month that he was facing foreclosure, quickly became a national symbol of an overspent borrower struggling with the mortgage crisis.
2008-06-13 10:20:40 -
2 Dem bigs deny knowing they got sweetheart loans (New York Daily News)
The two key Democratic senators who reportedly got sweetheart deals on mortgages from Countrywide Financial Corp. said yesterday that they didn't know they were getting special treatment.
2008-06-13 10:38:02 -
Officials fell trees inscribed by US soldiers who fought for France - Times Online
The names “Thomas and Dorothy” were carved in the bark of one trunk. Another said “Bob and Carma”. Other trees were marked with soldiers’ home states - Iowa, Maine or Alabama - and several bore hearts and the names or initials of a wife or ...
2008-06-13 05:24:00 -
Will Obama Kill Bling? - Slate
It's odd to see the estimable Thomas B. Edsall of WaPo --a fellow Dem who likes to bash Dems -- make a basic logical error in his story on Public Citizens's useful survey of "Section 527" committees, which will still be able to raise and spend "soft ...
2008-06-13 05:24:00 -
Inflation jumps by biggest amount in 6 months - FXStreet.com
WASHINGTON (AP) - Soaring energy costs pushed inflation up in May at the fastest pace in six months. Food costs kept rising, too, and all signs are pointing to more bad news on gasoline, oil and food in the months ahead. Costs for clothing and ...
2008-06-13 02:46:00 -
Panel: Bad economy means less access to college - Forbes
The struggling economy is likely to make it tougher for college students to obtain and pay for loans this fall, members of a federal education panel said Friday. The panelists, hosted by the U.S. Department of Education's Advisory Committee on ...
2008-06-13 03:29:00 -
A look at the week's business and economic events - Boston Globe
WASHINGTON -- Treasury bill auction. WASHINGTON -- Federal Reserve Chairman Ben Bernanke speaks at the Senate Finance Committee's conference on health care reform. SAN JOSE, Calif. -- Adobe Systems Inc. releases second-quarter financial results. NEW ...
2008-06-13 05:31:00 -
Capstead Mortgage Corporation Declares a $0.59 Second Quarter 2008 ... - MSN MoneyCentral
Capstead Mortgage Corporation CMO announced today that it will pay a second quarter 2008 dividend of 59 cents per common share payable on July 21, 2008 to stockholders of record as of June 30, 2008. Commenting on the current dividend and market ...
2008-06-12 01:00:00 -
US housing crisis deepens as foreclosures soar - Daily Telegraph
America's housing crisis is reaching near-catastrophic levels as the number of people losing their homes and those seriously behind on mortgage payments soared last month. One in almost every 500 American mortgage holders now has either lost their ...
2008-06-13 03:01:00