Mortgage and Financial News From 2008-1-17 Page 4

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• DA to dismiss charges against Texas Supreme Court justice - Houston Chronicle

  DA to dismiss charges against Texas Supreme Court justiceHouston Chronicle, United States - 40 minutes agoInvestigators became suspicious after discovering that a mortgage company sued in June 2006 to foreclose on the home. The suit, filed after the family ...
  2008-01-17 10:19:31

• Texas Justice Charged in Arson Case - The Associated Press

  Texas Justice Charged in Arson CaseThe Associated Press - 29 minutes agoYates also pointed out that the Medinas had let their homeowners' insurance policy lapse, meaning losses from the fire weren't covered. ...
  2008-01-17 10:30:44

• Wall Street Extends Drought - NewsLI

  Wall Street Extends DroughtNewsLI, NY - 27 minutes agoBetween the subprime mortgage nightmare, a recent helm of loses of key bond insurance companies and the report by Federal Reserve Chairman Ben Bernanke ...
  2008-01-17 10:32:55

• PRESS DIGEST - Wall Street Journal - Jan 18 - Reuters

  PRESS DIGEST - Wall Street Journal - Jan 18Reuters - 22 minutes agoACA Financial Guaranty Corp's struggle to pay off $60 billion of insurance contracts shows how Wall Street turmoil is denting firms' ability to make good on ...
  2008-01-17 10:37:44

• Reverse strategy - Chicago Daily Herald

  Reverse strategyChicago Daily Herald, IL - 12 minutes agoWith a reverse mortgage, the bank makes payments to the homeowner instead of the homeowner making payments to a bank. The loan is repaid, with interest, ...
  2008-01-17 10:47:56

• 'Dreadful numbers' from Fed dog markets - North County Times

  'Dreadful numbers' from Fed dog marketsNorth County Times, CA - 12 minutes agoDowngrades of key bond insurance companies added to the market's black mood, with investors fearing an escalation of months of credit market problems. ...
  2008-01-17 10:47:58

• estimate cost of building beforehand - Chicago Daily Herald

  estimate cost of building beforehandChicago Daily Herald, IL - 11 minutes agoAlso, check out their insurance coverage and licenses with state regulators, contact your local Better Business Bureau to see if they have any complaints on ...
  2008-01-17 10:48:28

• Lenders defended in credit crisis (Detroit News)

  WASHINGTON -- A mortgage industry trade group insisted Thursday that lenders are doing a better job of helping troubled borrowers than outside reports say they are.
  2008-01-17 10:20:28

• Stocks extend plunge as manufacturing index falls (The Globe Gazette)

  NEW YORK (AP) — Wall Street extended its 2008 plunge Thursday, sending the Dow Jones industrials down 306 points and to their lowest level since last March after a regional Federal Reserve report showed a sharp and unexpected decline in manufacturing activity. Downgrades of key bond insurance companies added to the market’s black mood, with investors fearing an escalation of months of credit ...
  2008-01-17 10:20:31

• Stocks extend plunge as manufacturing index falls; bond insurers fall amid fears of losses (The Standard-Times)

  NEW YORK — Wall Street extended its 2008 plunge Thursday, sending the Dow Jones industrials down 306 points and to their lowest level since last March after a regional Federal Reserve report showed a sharp and undexpected decline in manufacturing...
  2008-01-17 10:22:20

• Texas justice charged in arson case (AP via Yahoo! News)

  A Texas Supreme Court justice was indicted Thursday on suspicion of tampering with evidence in a fire that destroyed his home, a blaze the judge's wife is accused of setting, their attorney said.
  2008-01-17 10:25:25

• DA to dismiss charges against Texas Supreme Court justice (KRIS-TV Corpus Christi)

  HOUSTON -- Attorneys for Texas Supreme Court Justice David Medina and his wife are waiting for prosecutors to dismiss indictments against the two in an arson fire that destroyed the...
  2008-01-17 10:40:54

• Stocks extend plunge; Dow falls 306 (El Paso Times)

  NEW YORK—Wall Street extended its 2008 plunge Thursday, sending the Dow Jones industrials down 306 points and to their lowest level since last March after a regional Federal Reserve report showed a sharp and unexpected decline in manufacturing activity.
  2008-01-17 10:45:22

• Life insurance --- It’s no longer just for rich people (Princeton Packet)

  Q: Growing up in the 1970’s, I remember my father saying life insurance was for rich people. Now that I have my own family I am evaluating life insurance for my wife and I. What are the unique considerations for New Jersey residents?
  2008-01-17 10:58:54

• Sector Snap: Mortgage Insurers decline

  MSN MoneyCentral - Companies like Radian Group Inc. and MGIC Investment Corp. write insurance policies that promise to reimburse lenders when mortgage borrowers default. As home prices fall, claims from mortgage defaults are mounting and mortgage insurance stocks have ...
  2008-01-17 11:06:00

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