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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!! -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (4871)	11/15/2007 8:03:15 PM
From: ravenseye	Respond to of 5673

NAR may work to settle DOJ lawsuit Case may otherwise go to trial in June or July Thursday, November 15, 2007 By Glenn Roberts Jr. Inman News The National Association of Realtors may engage in discussions with U.S. Justice Department officials in an effort to settle an antitrust lawsuit that was filed more than two years ago.... inman.com ...The lawsuit charges that the association adopted illegally restrictive rules for the online sharing and display of property listings information among real estate market participants that could be used to discriminate against market participants....

To: StockDung who wrote (4871)	11/15/2007 8:03:43 PM
From: ravenseye	Respond to of 5673

House Passes Bill on Mortgage Lenders By JESSE J. HOLLAND – 41 minutes ago WASHINGTON (AP) — With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for steering people toward risky subprime loans.... ap.google.com ...Included in the legislation are provisions that would: _Ban lenders from making loans that borrowers don't have the ability to repay; _Prohibit lenders from steering homeowners into refinanced mortgages that don't provide any benefit and create fines of triple the broker fee and costs; _Make Wall Street banks that package mortgage securities into investments liable for violations of lending laws; _Prohibit excessive fees for payoff information or late payments, the financing of points and fees and practices that increase the risk of foreclosure like balloon payments and encouraging borrowers to default; and _Create a nationwide licensing system for mortgage brokers and bank loan officers called the Nationwide Mortgage Licensing System and Registry....

To: StockDung who wrote (4871)	11/16/2007 11:20:49 AM
From: ravenseye	Respond to of 5673

Let's Move Wall Street By William Tucker Published 11/16/2007 12:08:47 AM NYACK, N.Y. -- I've got a suggestion for the health of America. Let's move Wall Street out of New York. Or at least let's get it outside the jurisdiction of the New York Attorney General. Last week's 360-point drop in the Dow was fueled by the announcement of NYAG Andrew Cuomo that he is subpoenaing Fannie Mae and Freddie Mac for information on all mortgages they had bought from Washington Mutual as part of a general investigation into mortgage loans. Fannie Mae stocks fell 10 percent, Freddie Mac 8.6 percent, and Washington Mutual a whopping 17 percent, turning what was already a bad day into the worst drop in over a year. Cuomo has decided that the reason for the mortgage meltdown is -- you guessed it -- big-time fraud.... spectator.org