Ex-Haitian Strongman Convicted Of N.Y. Mortgage Fraud (WNBC) NEW YORK -- A once-feared Haitian paramilitary leader has been convicted in a New York mortgage fraud scheme to cheat lenders out of $1.7 million. A Brooklyn jury found Emmanuel
Wachovia names retail mortgage exec (bizjournals.com via Yahoo! Finance) Wachovia Corp. has promoted Scott Fisher to manage mortgage sales through the bank's nationwide retail branch network. It is a newly created position.read more...
Luminent Mortgage Capital Announces Completion of $90 Million of Convertible Senior Notes Offering and Repurchase of ... (FinanzNachrichten) SAN FRANCISCO, June 5 /PRNewswire-FirstCall/ -- Luminent Mortgage Capital, ( Nachrichten ) Inc. announced today that it has completed its previously announced offering of its 8.125% convertible senior notes due
American Home Mortgage sinks on outlook (Crain's New York Business) The mortgage lender said it will probably lose money in the second quarter because its borrowers have missed a lot more payments.read more...
Luminent Mortgage Capital Announces a Dividend Increase to $0.32 Per Share for the Second Quarter of 2007 (FinanzNachrichten) SAN FRANCISCO, June 27 /PRNewswire/ -- The Board of Directors of Luminent Mortgage Capital, ( Nachrichten ) Inc. today declared a cash dividend for the second quarter of 2007 of
Deficit will hurt housing, Fed chief says The booming housing market could tumble and record home prices could fall if Congress fails to control the burgeoning budget deficit and prompts a large rise in interest rates, Federal
“Recent fears that the consumer may be in trouble are starting to filter their way back into the market, and yesterday’s comments by Countrywide CEO Mozilo puts that theme in the spotlight”
US stocks were poised to open little changed today as investors nervously awaited fresh data, including new home sales for July, for clues on the health of the economy. via AdelaideNow…
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