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Prosecutors: Loss In Aig Scheme Exceeds $1b - Washington Post
new haven, conn. -- federal prosecutors in connecticut say a scheme to manipulate the financial statements of the world's largest insurance company, american international group inc. , resulted in a loss of more than $1 billion to investors. four ...
www.washingtonpost.com

U.s. Bails Out Mortgage Giants
fannie mae and freddie mac get new lease on life as paulson acts to shore up mortgage markets.
www.forbes.com

Exploring A Reverse Mortgage
consider options: a traditional mortgage, home equity loan or line of credit might prove best. consider costs: weigh high upfront costs in reverse mortgages. one expense is "non-recourse" insurance, so if you collect more in payments than your house is worth, your heirs don't pay that balance.
www.startribune.com

A Fifth Of Home Loans Head For Negative Equity - Guardian Unlimited
britain's banks may have to write off £38bn of mortgage debt as plunging house prices send almost a fifth of the home loans on their books into negative equity, according to leading city analysts. write-offs on that scale will dwarf the cost of the ...
www.guardian.co.uk

Hurricane Season, Insurance Writing Don't Mix - Birmingham News
nothing says "deal killer" like a hurricane hovering in the gulf of mexico. broker bruce pfeiffer had four sales pending when hurricane katrina hit the gulf coast in 2005. one sale was canceled because of storm damage, and the other three closings ...
www.al.com

U.s. To Take Over Mortgage Giants Fannie Mae, Freddie Mac
the bush administration, acting to avert the potential for major financial turmoil, announced sunday that the federal government was taking control of mortgage giants fannie mae and freddie mac.
www.usatoday.com

Flood Insurance On The Rise Here
question: we recently applied for a mortgage and the good faith estimate included two charges that i've never seen before: $80 for tax service fee and $25 for flood certification.
www.heraldnet.com

Assemble Across-the-board Insurance Coverage For Your Home - Orlando Sentinel
as some central florida homeowners continue to pick up the pieces left from tropical storm fay, others are keeping an eye on ike and josephine -- and hoping their insurance policies have them covered against every peril. basic homeowner's insurance ...
www.orlandosentinel.com

Nation's Star Fund Managers Take A Hard Fall - Baltimore Sun
i t's a star-studded cast in mutual funds - and also a shocking flop on this year's complex investing stage. with the financial crisis playing out in ways many professionals failed to predict, and oil also surprising, some of the best and brightest ...
www.baltimoresun.com

Government May Soon Back Troubled Mortgage Giants
the government is expected to take over fannie mae and freddie mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt, a person briefed on the matter said friday night.
news.yahoo.com

Feds Plan Mortgage Takeover
washington #8212; the government is expected to take over fannie mae and freddie mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation #8217;s mortgage debt, a person briefed on the matter said friday night.
www.news-sentinel.com

Risky Mortgages Threaten To Keep Housing Market Down - Detroit Free Press
in the mortgage industry, they are called liar loans -- mortgages approved without requiring proof of the borrower's income or assets. the worst of them earn the nickname ninja loans, short for no income, no job and no assets. the nation's housing ...
www.freep.com

Congress Gets Lesson In Reality - Modesto Bee
police shoot, kill man who stomped baby to death man tries to cut off arm inside modesto restaurant chp officers shoot, kill man near farmington gang members apologize after stabbing wrong man in modesto 4 women file lawsuit against sheriff's ...
www.modbee.com

What The Bailout Could Mean For Consumers
mortgage rates may fall a bit initially but probably not enough to halt the decline in home prices right away.
www.nytimes.com

Couple's Candy Board-game Goes National
by taylor barnes mcclatchy newspapers miami| eric and monica ash moved to northwest broward, fla., from alexandria, va., in may with a newborn, a toddler and no regular paychecks to cover the mortgage or employers to subsidize the health insurance. eric says they're living a dream. it's a sweet, if risky, dream that has turned drives to the supermarket into business trips for monica and the ...
www.myrtlebeachonline.com

Don’t Pay The Price Of Apathy - Shop Around And Save Up To £10,980 ... - Pr.com
braintree, united kingdom, september 05, 2008 --( pr.com )-- to encourage mortgage borrowers to shop around for the best deal on mortgage payment protection insurance (mppi) instead of accepting the policy offered by their mortgage lenders; british ...
www.pr.com

Big Name Fund Managers 'fall From Grace' - Chicago Tribune
it's a star-studded cast in mutual funds—and also a shocking flop on this year's complex investing stage. with the financial crisis playing out in ways many professionals failed to predict, and oil also surprising, some of the best and brightest of ...
www.chicagotribune.com

Florida Couple Turns Food Talk Into Board Game
miami -- eric and monica ash moved to northwest broward, fla., from alexandria, va., in may with a newborn, a toddler and no regular paychecks to cover the mortgage or employers to subsidize the health insurance. eric says they're living a dream.
www.pantagraph.com

Mortgage Borrowers Are Wasting ??480 Million A Year On Overpriced mortgage Insurance, Says Burgesses.com
mortgage borrowers are wasting £480 million a year on overpriced mortgage payment protection insurance (mppi) according to burgesses.com who say that a staggering 90% of mortgage borrowers purchase cover from their lenders instead of shopping around for a better deal. in fact, even in the first year alone the average mortgage borrower can make substantial savings by switching to an independent ...
news.yahoo.com

Three Lenders Come Up With A New Way To Tap Into Equity - Chicago Tribune
washington—improbable as it sounds at a time when american homeowners have lost billions in equity holdings, a new industry is taking shape to help them tap portions of their equity without incurring traditional mortgage debt or making interest ...
www.chicagotribune.com