Mortgage and Financial News From 2008-1-29 Page 55

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  • Liberty Media Moves to Oust Diller

    Newsday - In November, Diller announced plans for the IAC to spin off its HSN home shopping network, Ticketmaster ticketing service, Interval time-share business and LendingTree mortgage referral units. But in IAC board meetings earlier this month, Liberty ...
    2008-01-27 03:54:00

  • Bank: Investor had no inside information

    Boston Globe - Societe Generale is fending off mounting questions about how it handled what it called massive fraud blamed on a single ... It also said Day had not been advised of additional losses linked to the crisis in subprime mortgage markets. The bank also ...
    2008-01-29 05:15:00

  • Paris to 'block any Societe bids'

    BBC Business - ... breach of trust, falsifying documents and breaching computer security - but not the more serious charge of fraud. His lawyers say Societe Generale is using him as a scapegoat to cover up the bank's wider losses caused by bad US sub-prime mortgage ...
    2008-01-29 06:41:00

  • Sen. Machado plans legislation targeting mortgage woes

    Vacaville Reporter - A trio of bills being floated by Senator Michael Machado addresses issues surrounding the real estate market and foreclosures that are plaguing the state. The three bills are all aimed at correcting the market by holding brokers accountable for fraud ...
    2008-01-29 06:05:00

  • Business Minute: U.S. stocks rally,

    WDAM-TV - NEW YORK (AP) - Embattled mortgage giant Countrywide Financial reports earnings for the fiscal fourth quarter this morning. The nation's largest mortgage lender and servicer agreed earlier this month to be acquired by Bank of America Corp. for about ...
    2008-01-29 02:37:00

  • Regulation could not have stopped SocGen case says EU's McCreevy

    Reuters UK - BRUSSELS (Reuters) - No legislative framework could have prevented the alleged fraud that caused huge losses at French bank ... Many of the U.S. mortgage debts had been monetised into complex structured products, a process known as securitisation, and ...
    2008-01-29 06:19:00

  • Kern leads ‘mortgage risk’ list

    Bakersfield Californian - The quarterly ranking, released Monday, measured “mortgage risk” by four weighing factors: changes in home prices, foreclosure rates, mortgage fraud and local unemployment. County records show that lenders sent 8,651 default notices to Kern ...
    2008-01-27 03:54:00

  • EU leaders to discuss economy

    Boston Globe - ... has felt the sting of the late summer credit squeeze that was caused by the collapse of the U.S. subprime mortgage market, with the first run on a British bank since 1866. In France, authorities have uncovered the alleged largest-ever trading fraud by ...
    2008-01-29 05:15:00

  • New Bill Would Protect Against Mortgage Fraud

    KHNL News 8 - HONOLULU (KHNL) -- Home mortgages are risky these days. Now, in addition to the public's concern for a deepening mortgage crisis, is a new problem: scam artists looking to prey on vulnerable homeowners. Homeowners facing foreclosure are susceptible ...
    2008-01-26 03:55:00

  • Advanced Mortgage Fraud Detection Training Film From Interthinx ® Is ...

    Market Wire - AGOURA HILLS, CA--(Marketwire - January 29, 2008) - During a time of significant industry correction, Interthinx®, the leading provider of proven risk mitigation, mortgage fraud prevention and regulatory compliance tools for the mortgage industry ...
    2008-01-29 05:58:00

  • Citigroup takes full control of Japan's Nikko Cordial - AFP

    Citigroup takes full control of Japan's Nikko CordialAFP - 3 hours agoCitigroup chief Charles Prince resigned in early November to take responsibility for the group's poor performance in the subprime mortgage crisis.
    2008-01-29 03:16:28

  • EU Leaders to Discuss Economy - The Associated Press

    EU Leaders to Discuss EconomyThe Associated Press - 3 hours agoIn France, authorities have uncovered the alleged largest-ever trading fraud by a single person. Trader Jerome Kerviel is accused of losing French bank ...
    2008-01-29 03:31:24

  • Pressure builds on SocGen chief to quit - Times Online

    Pressure builds on SocGen chief to quitTimes Online, UK - 3 hours agoCDOs are complex financial instruments which are often backed by sub-prime mortgage debt. Société Générale revealed last week it has €4.9 billion in CDOs ...
    2008-01-29 03:32:42

  • Regulation could not have stopped SocGen case: EU - Reuters

    Regulation could not have stopped SocGen case: EUReuters - 2 hours agoBy Huw Jones BRUSSELS (Reuters) - No legislative framework could have prevented the alleged fraud that caused huge losses at French bank Societe Generale ...
    2008-01-29 04:01:25

  • FSA warns SocGen scandal could happen in UK - Telegraph.co.uk

    FSA warns SocGen scandal could happen in UKTelegraph.co.uk, United Kingdom - 2 hours agoThe regulator also echoed warnings from the Bank of England about over-indebted UK consumers, and the looming threat of rising mortgage costs. ...
    2008-01-29 04:02:56

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