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Ohio Finance News is an EIN News Service for finance industry professionals. Constantly updated news and information about Ohio Finance.
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Latest Ohio Finance News

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  • Sick of high credit cards fees ' try cards from credit unions 19 Nov 2009 23:15 GMT
    ... TOLEDO, Ohio (WTOL) - Using credit cards to ... days to send in payments. Nearly all credit card issuers currently reserve the right to increase ... the financial markets in 2008. In 2009, mortgage originations in Ohio credit unions have surged ...

  • Saving Your Home From Foreclosure 19 Nov 2009 19:44 GMT
    ... As the nation's unemployment continues to rise more and more ... lose unless something can be done. "Our mortgage payment is more than half one bi-weekly ... say because of their mortgage payments and credit card bills they find themselves coming up short ...

  • Foreclosures keep rising in Ohio, Michigan 20 Nov 2009 14:15 GMT
    ... By LARRY P. VELLEQUETTE BLADE BUSINESS WRITER Mortgage foreclosures and delinquencies continued to increase in Ohio and Michigan during the late summer as ...

  • Five plead guilty in Slavic Village mortgage fraud case 24 Nov 2009 07:14 GMT
    ... Breaking local news for Cleveland and Northeast Ohio ... Ohio Five plead guilty in Slavic Village mortgage fraud case CLEVELAND -- Five real estate buyers involved ... scheme that prosecutors say contributed significantly to foreclosure and blight in Cleveland's Slavic Village neighborhood ...

  • Stocks dip as semiconductors weigh 19 Nov 2009 15:18 GMT
    ... NEW YORK (Reuters) - U.S. stocks fell on Thursday, with all major indexes ... on weakness in the technology and health insurance sectors. Semiconductor stocks sank after Bank of ...

  • U.S. STOCKS - Markets sink on bearish semi note, health insurers 19 Nov 2009 18:14 GMT
    ... The Wall Street sign is seen in front of ... the New York Stock Exchange January... U.S. stocks fell on Thursday, with all major indexes ... on weakness in the technology and health insurance sectors. Semiconductor stocks sank after Bank of ...

  • Ohio State vs. Michigan College Football Odds 21 Nov 2009 03:12 GMT
    ... Ohio State vs. Michigan College Football Odds Ohio ... Open an account with $500 using your credit card or other accepted method and Sportsbetting.com will ...

  • Ohio AG sues 3 credit rating agencies over high ratings given to mortgage - backed securities 20 Nov 2009 16:58 GMT
    ... COLUMBUS, Ohio (AP) - Ohio's attorney general has sued ... that they gave unjustifiably high ratings to mortgage-backed securities that lost at least $457 million ...

  • Ohio AG sues credit agencies for public pensions 20 Nov 2009 16:30 GMT
    ... Ohio's attorney general has sued the three credit ... that they gave unjustifiably high ratings to mortgage-backed securities that lost at least $457 million ...

  • Ohio AG sues rating agencies 20 Nov 2009 19:37 GMT
    ... Ohio's attorney general has sued the three credit ... that they gave unjustifiably high ratings to mortgage-backed securities that lost at least $457 million ...

  • OHIO PERSPECTIVE Strickland to pick running mate soon 19 Nov 2009 19:11 GMT
    ... COLUMBUS -- Gov. Ted Strickland, whose popularity has declined ... Paul Beck, who teaches political science at Ohio State University. "In Strickland's case, that might ... is black and has a background in finance and banking -- hails from a major Democratic ...

  • Investment firm buys B.G. mall's $8.9M loan 20 Nov 2009 14:15 GMT
    ... Investment firm buys B.G. mall's $8.9M loan An ... of an investment firm that acquires toxic mortgage assets. Utah-based SilverLeaf Financial says it has ... assets that banks and the Federal Deposit Insurance Corp. are eager to get off of ...

  • Job losses are driving foreclosures 20 Nov 2009 01:56 GMT
    ... Roughly one out of 10 Ohio and Kentucky mortgage holders are behind on their payments, according to ... to new trade data. While both states' foreclosure rates and rankings remained the same, both ...

  • Ohio Housing Conference Celebrates 20 Years of the FHLBank's Affordable Housing Program 17 Nov 2009 19:34 GMT
    ... and stimulating over $2.8 billion in community investment." The event was attended by hundreds of ... thousand dollars to become current on their mortgages and stay in their homes," said Mr. ... by the U.S. Congress to promote housing finance but is wholly owned by its member ...

  • Ohio Sues Credit Rating Agencies 20 Nov 2009 19:56 GMT
    ... by providing unjustified and inflated ratings of mortgage-backed securities in exchange for lucrative fees from ... many of these exotic investments the highest investment-grade credit rating. This rating -- often referred ... as the housing market collapsed and mortgage foreclosures accelerated," said Cordray, a former state and ...

  • Ohio AG sues 3 credit rating agencies over high ratings given to mortgage-backed securities 20 Nov 2009 22:18 GMT
    ... The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for ... housing market tumbled, shrinking home values and foreclosures triggered a meltdown in the mortgage-backed securities ... appears to be seeking new scapegoats for investment losses incurred during an unprecedented global market ...

  • Ohio Attorney General Sues Credit Agencies Moody's, Fitch and Standard & Poor's 20 Nov 2009 19:37 GMT
    ... The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for ... housing market tumbled, shrinking home values and foreclosures triggered a meltdown in the mortgage-backed securities ... appears to be seeking new scapegoats for investment losses incurred during an unprecedented global market ...

  • Foreclosure Activity Slows for Third Straight Month According to RealtyTrac® U.S. Foreclosure Market 24 Nov 2009 09:47 GMT
    ... ), the leading online marketplace for foreclosure properties, today released its October 2009 U.S. ... activity in this housing downturn -- high-risk mortgages, negative equity, and unemployment -- continue to loom ...

  • Ohio AG sues credit agencies for public pensions 20 Nov 2009 19:00 GMT
    ... The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for ... housing market tumbled, shrinking home values and foreclosures triggered a meltdown in the mortgage-backed securities ... appears to be seeking new scapegoats for investment losses incurred during an unprecedented global market ...

  • Ohio AG suing credit raters over retirement fund losses 20 Nov 2009 19:54 GMT
    ... raters, alleging they inflated ratings on troubled mortgage-backed securities that wound up losing state pension ... as the housing market collapsed and mortgage foreclosures accelerated,” Cordray said in a statement. Losses ... appears to be seeking new scapegoats for investment losses incurred during an unprecedented global market ...

  • Ohio suing credit raters over retirement fund losses 20 Nov 2009 21:10 GMT
    ... raters, alleging they inflated ratings on troubled mortgage-backed securities that wound up losing state pension ... as the housing market collapsed and mortgage foreclosures accelerated,” Cordray said in a statement. Losses ... appears to be seeking new scapegoats for investment losses incurred during an unprecedented global market ...

  • Ohio sues big credit rating units over losses 21 Nov 2009 11:51 GMT
    ... Wall Street in convincing investors that shaky mortgage-backed securities were safe. “Investors trust that information ... place. As the housing bubble burst and foreclosures skyrocketed, the value of the investments plummeted. ... of the value of the investments. But investment decisions of pension funds are made by ...

  • Nonprofit includes Columbus in push to stop foreclosure scams 18 Nov 2009 20:51 GMT
    ... A national nonprofit is starting a campaign alerting struggling ... about how to avoid becoming victims of foreclosure rescues scams. Washington, D.C.-based NeighborWorks America unveiled ... activity, including elderly, Hispanic, black and Asian-American mortgage-holders. ...

  • Three Ohio Men Indicted in $4.5 Million Mortgage Fraud Scheme 23 Nov 2009 09:39 GMT
    ... Three Ohio Men Indicted in $4.5 Million Mortgage Fraud Scheme DAYTON—A federal grand jury here ... Grinnell, Special Agent in Charge, Federal Deposit Insurance Corporation Office of Inspector General (FDIC), and ... promised a 50 percent return on their investment if they would invest for three months. ...

  • Community Mortgage Lenders of America Warns: Congress Will "Pull the Plug" on Main Street Lenders 24 Nov 2009 01:21 GMT
    ... WASHINGTON--(BUSINESS WIRE)-- The Community Mortgage Lenders of America (CML America) today released ... stabilize the fragile housing market. Our housing finance system relies heavily on the securitization process ...


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