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Home revamp topic of meeting Finance exec, others offer conflicting ... - Las Vegas Review Journal
Governor met with banking officials Monday to discuss the Neighborhood Stabilization Program A program to buy and renovate foreclosed and deteriorated homes and sell them to middle-income residents drew the attention of Gov. Jim Gibbons and banking ...

Lenders that Have Closed Shop, - Wall Street Journal
More than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...

Missouri Real Estate Agent, Loan Officers Among Those Indicted For $12 ... - Earthtimes
KANSAS CITY, Mo. , Oct. 29 /PRNewswire-USNewswire/ -- A real estate agent and two former loan officers in Lee's Summit, Mo. , are among 17 defendants indicted by a federal grand jury today for their roles in a $12.6 million mortgage fraud scheme that ...

Grand jury indicts 17 in mortgage fraud case - Blue Springs Examiner
A federal grand jury has indicted four Lee’s Summit residents and 13 others in a $12.6 million mortgage fraud scheme that involves 25 residential properties in Lee’s Summit and Raymore. Angela R. Clark, 40, James F. Simpson, 39, Cynthia D. Jordan ...

Banks urged to pass on huge cut in interest rates - Times Online
Britain’s banks came under intense pressure to cut mortgage rates last night after the Bank of England stunned the City and cut the base rate to a 54-year low to fight off recession. Official interest rates were slashed by one and a half points to ...

Banks defy Brown over new interest rate cut - Times Online
High Street banks have told Alistair Darling they will not pass on any further interest rate cuts to consumers and businesses. The banks have warned the chancellor they are “not charities”. They said they could not afford further to reduce ...

Philadelphia-area banks buck trend, boost lending - Philadelphia Inquirer
Despite worries about frozen credit markets, Philadelphia-area banks boosted their lending in the third quarter. Some are thinking about taking a federal investment to be able to lend even more. "We see the potential for significant growth in this ...

Bank fund manager taps Texas Capital, Signature Bank, PrivateBancorp - Marketwatch
SAN FRANCISCO (MarketWatch) -- Despite the uncertain future of the financial services industry, Kenneth Mertz of Emerald Advisers has faith in small banks focused on "sound banking principles" that managed to steer clear of the subprime mess. Mertz ...

Global financial crisis hitting the California economy - Guardian Unlimited
Aerial view of downtown Los Angeles California by Duncan Rawlinson , Some Rights Reserved Driving around southern California it's not obvious that there is a global financial crisis. There are certainly signs in certain areas hard hit by the housing ...

Fitch Affirms Wachovia Bank Series 2003-C9; Assigns Outlooks - Earthtimes
CHICAGO - (Business Wire) Fitch Ratings affirms and assigns Rating Outlooks to Wachovia Bank Commercial Mortgage Trust's commercial mortgage pass-through certificates, series 2003-9, as follows: --$12 million class A-2 at 'AAA', Outlook Stable ...