Mortgage and Financial News From 2008-1-22 Page 41

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  • Why the Fed can't save us (Fortune via Yahoo! Finance)

    Forget all those rational explanations about why foreign stocks markets, especially in Asia, have been melting down for two days. Despite what you've read, seen and heard, those declines weren't caused by fears of what a recession in the U.S. would do to the profits of companies whose stocks trade in places like India, China and Russia.
    2008-01-22 02:07:00

  • U.S. Stocks Decline on Growth Concern; Financials Gain on Fed (Bloomberg.com)

    Jan. 22 (Bloomberg) -- U.S. stocks fell for a fifth day after the biggest Federal Reserve interest rate cut in 23 years failed to persuade investors the economy will avert a recession.
    2008-01-22 02:07:05

  • Stocks plunge on recession fears (AP via Yahoo! News)

    An unusual emergency interest rate cut by the Federal Reserve gave Wall Street a partial rebound Tuesday from a precipitious early decline — and perhaps the first steps toward a long-term recovery. The rest of the comeback, for the economy as well as the stock market, may depend on a turnaround in the battered housing market and renewed confidence among U.S. consumers.
    2008-01-22 02:07:30

  • Stocks fall sharply after Fed rate cut (Sharewatch)

    NEW YORK (AP) - An unusual emergency interest rate cut by the Federal Reserve gave Wall Street a partial rebound Tuesday from a precipitious early decline -- and perhaps the first steps toward a long-term recovery.
    2008-01-22 02:08:18

  • ALL BUSINESS: Rate cut spooks market (Centre Daily Times)

    You never want to see the Federal Reserve panic, but that's what it looked like Tuesday when it cut a key interest rate in a surprise move as stock markets around the globe were tanking.
    2008-01-22 02:08:21

  • AG proposes 'rescue foreclosure' scam legislation (BizJournals)

    Attorney General Bill McCollum announced legislation aimed at fighting "rescue foreclosure" scams, and filed a lawsuit alleging South Florida-based National Foreclosure Management and multiple affiliates defrauded at least 80 homeowners out of about $1.7 million in home equity.
    2008-01-22 02:10:10

  • Consumers pull back as economy weakens (MSNBC)

    While Americans are not famed for their belt-tightening tactics, there are signs that people are trying to improve their balance sheets so they're ready for tougher times.
    2008-01-22 02:10:55

  • RLI Reports Record Year (wallstreet:online AG)

    RLI Corp. (NYSE: RLI) - RLI Corp. reported 2007 net earnings of $175.9 million ($7.30 per share),
    2008-01-22 02:12:56

  • NHS worker claimed to be wheelchair-bound in £100,000 'Little Britain ...

    Daily Mail - NHS worker claimed to be wheelchair-bound in £100,000 'Little Britain' benefit fraud By BEN CLERKIN - More by this author ... She said the bug had left her so exhausted that she was unable to work - and she cannot afford her mortgage Madonna ...
    2008-01-22 07:11:00

  • Couple Claims Mortgage Company Scammed Them Of Thousands

    kptv.com - OREGON CITY, Ore. -- An Oregon City couple said a Clackamas mortgage company scammed them out of their hard-earned cash. And ... FOX 12 researched the Clackamas company and found numerous complaints from alleged fraud victims around the country. One ...
    2008-01-22 06:42:00

  • 150 homeless in Lawrence fire

    Boston Globe - ... by waves of arson, recording more than 200 fires in 1991 alone, many of them set by vandals or for insurance fraud ... Today, he said, 250 buildings in Lawrence are abandoned and another 700 are going through mortgage foreclosure, putting them ...
    2008-01-22 01:16:00

  • Business Minute: Fed cuts rates, stocks down early, Wal-Mart's health ...

    Idaho8.com - The Latest in House and Home House & Home Main Today's Mortgage Rates Money This Week in Money Money Home For Small Businesses Credit ... Enron investors who sued major investment banks to recover money lost when the energy giant collapsed amid accounting fraud ...
    2008-01-22 08:01:00

  • Fair Isaac Announces First Quarter 2008 Results

    MSN MoneyCentral - ... million in the prior year quarter, or a decrease of 3.8%, primarily due to the divestiture of the mortgage ... products, partially offset by an increase in revenues derived from collections and recovery, fraud and consumer ...
    2008-01-22 01:01:00

  • Five vouch for release of Willan

    Akron Beacon Journal - Willan, named in multiple first-degree felony charges of a 147-count Summit County indictment alleging widespread Akron-area mortgage fraud, has been held in lieu of a $3-million cash bond since his Dec. 19 arrest. The two-hour bond modification ...
    2008-01-22 08:15:00

  • Case of Supreme Court justice's house fire takes bizarre turn

    KXAN - The judge's decision nullified indictments against Medina and his wife, as well as 30 others on unrelated mortgage fraud. The grand jury last week indicted Medina on charges of tampering with evidence, and his wife, Francisca, on an arson charge over ...
    2008-01-22 12:18:00

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