Mortgage and Financial News From 2008-2-8 Page 7

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• New federal law awards tax breaks to homeowners - Pittsburgh Post Gazette

  New federal law awards tax breaks to homeownersPittsburgh Post Gazette, PA - 38 minutes ago... shielded many homeowners from this tax liability, according to Sterling Watkins, mortgage broker and owner of Short Sale Services in Folsom, Calif. ...
  2008-02-08 09:10:56

• Oak Ridge Financial Services Announces Record Fourth Quarter ... - InfoBolsa

  Oak Ridge Financial Services Announces Record Fourth Quarter ...InfoBolsa, Spain - 38 minutes agoThe Company experienced increases in all noninterest income categories, with particularly strong growth in service charges on deposit accounts, mortgage ...
  2008-02-08 09:10:59

• Homeowners warned over repossessions - Norfolk Eastern Daily Press

  Homeowners warned over repossessionsNorfolk Eastern Daily Press, UK - 6 minutes agoAndrew Connolly, director of mortgage broker Oracle Financial Services in Norwich, said the company had not witnessed any cases which had gone as far as ...
  2008-02-08 09:43:24

• Rebates pass -- now it's up to consumers - MiamiHerald.com

  Rebates pass -- now it's up to consumersMiamiHerald.com, FL - 4 minutes agoTreasury Secretary Henry Paulson, who helped broker a compromise with Senate Democrats, said the IRS will begin sending the payments in early May. ...
  2008-02-08 09:44:52

• Prices Offered Up to 50% Off During D.R. Horton's 'UnAuction' Sale - February 16 and 23 Only! (PR Newswire via Yahoo! Finance)

  D.R. Horton has announced unheard of savings up to 50% off on a variety of homes at 23 participating neighborhoods throughout Southern California. Unlike any Sale homebuyers have ever seen, D.R.
  2008-02-08 06:44:00

• National business briefs: Chrysler cuts; Nucor acquisition (The Kansas City Star)

  Chrysler LLC president Jim Press said Friday the automaker’s rejuvenation plan could include jettisoning some dealers and cutting its product lineup by as much as half.
  2008-02-08 08:29:19

• Area homebuyers may not benefit from stimulus bill (Milwaukee Journal Sentinel)

  Milwaukee-area homebuyers aren't likely to reap much benefit from the economic stimulus package about to be signed by President Bush.
  2008-02-08 09:03:47

• Gates Four on city's radar (The Fayetteville Observer)

  Gates Four — an affluent, gated community that successfully fought off annexation nearly five years ago — could be forced to join Fayetteville next year.
  2008-02-08 09:11:26

• New federal law awards tax breaks to homeowners (Pittsburgh Post-Gazette)

  Homeowners found three attractive tax breaks among their holiday presents, thanks to the federal Mortgage Forgiveness Debt Relief Act of 2007, which was enacted in December. ...
  2008-02-08 09:22:48

• Oak Ridge Financial Services Announces Record Fourth Quarter Earnings (3º)   (InfoBolsa)

  and Opening of its Fifth Banking Office 09/02/2008 00:32:00 Business Wire The provision for loan losses increased to $448,000 in 2007 compared to $333,000 for 2006.
  2008-02-08 09:29:49

• Reuters Summit-Tough mortgage market action needed-US lawmaker

  Reuters - The Iowa lawmaker urged tough action in any cases of legal misconduct uncovered by the FBI, which is investigating 14 corporations over possible accounting fraud and insider trading in a crackdown on subprime mortgage lending. "If there's criminal ...
  2008-02-04 03:59:00

• U.S. SEC chief outlines busy year of rulemaking

  Guardian Unlimited - Work on insider trading, micro-cap fraud and investigations into firms and individuals involved in the subprime mortgage fallout were also near the top of Cox's list.
  2008-02-08 01:53:00

• Three indicted in $3 million mortgage scheme

  Terrell Tribune - CORSICANA - A Kaufman County woman was indicted along with a Henderson County couple Thursday on charges involving a $3 million mortgage fraud scheme that spanned four northeast Texas counties. Karen Hayes of Kemp and Darrell and Kandace Marriott of ...
  2008-02-08 08:45:00

• 3 indicted in mortgage fraud scheme

  Athens Daily Review - CORSICANA — A Navarro County grand jury on Thursday indicted two Gun Barrel City residents and a Kemp resident for engaging in an organized mortgage fraud scheme. According to prosecutors, the four-county criminal conspiracy, which involved loans ...
  2008-02-08 05:32:00

• Feds charge 25 in mortgage fraud scheme

  NWITimes.com - Twenty-five Chicago area residents face federal charges in connection with what authorities said is one of the largest mortgage fraud schemes prosecuted in the Northern District of Illinois. In all, three indictments returned Tuesday by a federal ...
  2008-02-08 09:21:00

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