News from the San Joaquin Valley
A former Modesto mortgage banker pleaded guilty to 122 felony counts of fraud and money laundering and admitted he and his wife preyed on low-income and minority clients with poor credit.
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Subprime Spillover Unlikely The troubles plaguing lenders of risky mortgages are not likely to spill over into the broader economy unless housing prices see another substantial dip, former Federal Reserve chairman Alan Greenspan
Business park adds building One office building is open and more are on the way at metro-east's newest business park.read more...
Council Calls Special Meeting for Tuesday As a result of concerns raised by two area businessmen at the August 15, 2005 Gridley City Council Meeting, a special meeting is scheduled for Tuesday, August 30 at 6:30
Hillary Clinton Pushes for More Governmental Aid to Homeowners The Democratic presidential candidate said the U.S. government should be ready to buy troubled mortgages from investors and lenders to spur a recovery. read more...
Fitch Affirms AHBR's Mortgage Pfandbriefe at 'AA+' (Business Wire via Yahoo! Finance) Fitch Ratings, the international rating agency, has today affirmed Allgemeine Hypothekenbank Rheinboden's outstanding mortgage Pfandbriefe at 'AA+'. AHBR's Long-term 'BBB', Short-term 'F3', and Support '2' ratings are on Rating
Consumer-Related Data Might Move Stocks This week on Wall Street will be all about American consumers and whether their spending habits are strong enough to support a steady advance in stocks.Commentread more...