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Consumer Mortgage ReportsConsumer Mortgage ReportsAll the latest mortgage news, videos, information, where to get your mortgage, when to get a mortgage, where to find your best interest rates, articles and editorials. Articles
Ben Bernanke To Speak To Congress Today
2008-01-17 15:16:00 Federal Reserve chairman Ben Bernanke heads to capitol hill today. He may encourage lawmakers to stimulate the economy. Bernanke will appear before the house budget committee today. (...) More About: Congress , Interest Rates , Today , Federal Reserve , Speak
Ben Bernanke To Speak To Congress Today
2008-01-17 15:16:00 [tag-cat]Federal Reserve [/tag-cat] chairman [tag-cat]Ben Bernanke[/tag-cat] heads to capitol hill today. He may encourage lawmakers to stimulate the economy. Bernanke will appear before the house budget committee today. Legislators are set to question the fed chairman on steps to avoid the first recession since 2001. Bernanke may also try to avoid backing away particularly from tax ... More About: Congress , Interest Rates , Today , Speak
Citibank Selling Out To Oil Rich Nations
2008-01-16 05:50:00 $18.1 Billion in writedowns and 4,200 layoffs. US Banks are a good buy for foreigners? How bad of an idea is this? No Tags More About: Selling , Rich , Nations , Citibank
Citibank Selling Out To Oil Rich Nations
2008-01-16 05:50:00 $18.1 Billion in [tag-cat]writedowns[/tag-cat] and 4,200 layoffs. US Banks are a good buy for foreigners? How bad of an idea is this? More About: Selling , Rich , Nations , Citibank
Sovereign Wealth Funds: Americans Selling Out to Foreign Investors
2008-01-16 05:29:00 American Companies Sold Out to Foreign Buyers at Faster Pace in 4Q; India’s ICICI May Increase Foreign Borrowing by 40% to Fund Takeovers and Investments If this is OK, then why are we not able to buy stakes within some of these governments as well as their corporations? (...) More About: Selling , Wealth , Americans , Investors
Sovereign Wealth Funds: Americans Selling Out to Foreign Investors
2008-01-16 05:29:00 American Companies Sold Out to Foreign Buyers at Faster Pace in 4Q; India’s ICICI May Increase Foreign Borrowing by 40% to Fund Takeovers and Investments If this is OK, then why are we not able to buy stakes within some of these governments as well as their corporations? What happens if they decide to pull out their ... More About: Selling , Wealth , Americans , Investors
Bank of America Buys Countrywide Financial - The Whole Video Story
2008-01-12 05:29:00 Countrywide Financial Denies Speculations of Bankruptcy. 1-8-2008 It was a very rocky day for shares of Countrywide Financial. A lot of news and speculation. (...) More About: Video , America , Story , Bank of America
Bank of America Buys Countrywide Financial - The Whole Video Story
2008-01-12 05:29:00 Countrywide Financial Denies Speculations of Bankruptcy. 1-8-2008 It was a very rocky day for shares of [tag-cat]Countrywide Financial[/tag-cat]. A lot of news and speculation. This all started this morning around 11:00, 1-8-2008. The stock went straight down. We called around, and it was tough to find people who knew what was going on. We were able ... More About: Video , America , Story , Bank of America
Bear Stearns? James Cayne Steps Down
2008-01-09 18:22:00 Bear Stearns chief executive, James Cayne, stepped down. This has been widely expected. (...) More About: Bear Stearns , Bear , Steps
Bear Stearns? James Cayne Steps Down
2008-01-09 18:22:00 [tag-cat]Bear Stearns [/tag-cat] chief executive, James Cayne, stepped down. This has been widely expected. Surprising, though, do you think since he is staying on as chairman, some people were calling for him to be ousted after the problems that they had over the summer. He is being succeeded by Alan Schwartz. Alan is considered collegial, reaching ... More About: Steps
This Day In America January 9
2008-01-09 18:01:00 On Today?s date in 1788, Connecticut became the fifth state to ratify the U.S. Constitution. On Today?s date in 1861, Mississippi seceded from the Union. (...) More About: America , January
This Day In America January 9
2008-01-09 18:01:00 On Today?s date in 1788, Connecticut became the fifth state to ratify the U.S. Constitution. On Today?s date in 1861, Mississippi seceded from the Union. On Today?s date in 1913, Richard Milhous Nixon, the 37th president of the United States, was born in Yorba Linda, Calif. On Today?s date in 2007, Apple Computer CEO Steve Jobs unveiled the ... More About: America , January
Subprime Mortgage Defaults Still Rising
2008-01-09 00:19:00 Subprime Mort gage Defaults Still Rising The default rate within the subprime mortgage market has jumped 170 basis points to nearly 19.5% in October, according to Friedman Billings Ramsey Investment Management. (...) More About: Adjustable Rate Mortgage , Subprime
Subprime Mortgage Defaults Still Rising
2008-01-09 00:19:00 Subprime Mortgage Defaults Still Rising The default rate within the [tag-cat]subprime mortgage[/tag-cat] market has jumped 170 basis points to nearly 19.5% in October, according to Friedman Billings Ramsey Investment Management. A weaker job market and declining house prices are the primary causes of rapid [tag-cat]credit deterioration[/tag-cat] in credit performance - not resets. The default rate ... More About: Adjustable Rate Mortgage , Subprime
Countrywide Asks For Halt To Bankruptcy Probe
2008-01-09 00:02:00 Countrywide Financial, the largest U.S. mortgage lender is asking a federal judge to stop an investigation into whether the company overstated how much it is owed by bankrupt homeowners. (...) More About: Bankruptcy , Countrywide Financial , Countrywide , Probe , Bankrupt
Countrywide Asks For Halt To Bankruptcy Probe
2008-01-09 00:02:00 [tag-cat]Countrywide Financial [/tag-cat], the largest U.S. mortgage lender is asking a federal judge to stop an investigation into whether the company overstated how much it is owed by bankrupt homeowners. Countrywide has fallen more than 9% in the last session, down 82% over the past year as the company has reported problems within the subprime mortgage ... More About: Bankruptcy , Probe
This Day In America January 3
2008-01-03 20:33:00 On Today?s date in 1833, Britain seized control of the Falkland Islands in the South Atlantic. (...) More About: America , January
Federal Reserve Surprised? Don?t Let Anyone Feed You A Line Of Crap - Housi
2008-01-03 20:28:00 We find it to be really funny how the so called ‘experts’ think that housing woes will be over within the next few months. What actual numbers are they reading? (...) More About: Crap , Federal Reserve , Feed , Line , Adjustable Rate Mortgage
National City Slashes Its Dividend by 49%, Cuts 900 More Jobs and Leaves Wh
2008-01-03 12:16:00 National City is cutting its dividend by almost half. It also announced 900 more jobs cuts, as a result, the stocks are fell as much as 6.1% on Wednesday. Job cuts announced bring the total number to 3400 jobs. National City says it will continue making home loans, just the retail line. Due to their massive problems, they are completely out of the wholesale business. Keep in mind that National City is out of the subprime mortgage business as well. They sold to Merrill Lynch in 20006. One third of their branches are in Ohio and Michigan, these are states with higher than average mortgage foreclosure rates. More About: National , Jobs , Cuts , Dividend
Worlds Largest Financial Institutions Have Made $100 Million In Writedowns
2008-01-03 12:00:00 We have heard some of this before, Citigroup may have to write down the value of mortgage backed investments by $12 billion, according to Sanford Bernstein. (...) More About: Financial , Worlds , Bank of America , Made , Million
Minutes of Federal Open Market Committee From December 6, 2007
2008-01-03 11:23:00 The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 11, 2007 and of a conference call held on December 6, 2007. (...) More About: Minutes
Florida Home Resales Drop
2008-01-02 19:52:00 Florida Home Resales Drop Sales of existing single family homes in Florida totaled 8,106 in November, a decrease of 30% from the level recorded a year earlier, according to the Florida Association of Realtors. (...) More About: Florida
This Day In America January 2 2008
2008-01-02 19:45:00 On Today?s date in 1492, Muhammad XI, the sultan of Granada, the last Arab stronghold in Spain, surrendered to Spanish forces. (...) More About: America , January , 2008
National City Closes Residential Wholesale Lending
2008-01-02 19:26:00 National City Closes Residential Wholesale Lending National City will reduce its quarterly dividend by 49 percent and cut 900 more jobs as it stops making home loans through their wholesale division. (...) More About: National , Home Equity Line of Credit , Depreciation
Greenspan Was Incompetent And Bernanke Only Knows Academics - Not Reality
2007-12-19 22:27:00 Alan Greenspan Was Incompetent And Ben Bernanke Only Knows Academics - Not Reality . Barron's Economics Editor Gene Epstein looks at the Federal Reserve 's role in the housing crisis. More About: Alan Greenspan
Federal Reserve Will Offer $20 billion
2007-12-19 20:55:00 On December 20, 2007, the Federal Reserve will offer $20 billion in 35-day credit through its Term Auction Facility. (...) More About: Offer , Billion , Serve
Federal Reserve Proposes New Mortgage Rules, A Day Late And A Dollar Short
2007-12-19 20:17:00 The Federal Reserve proposes protections for high cost mortgage borrowers aimed at easing the mortgage crisis. Banks would be required to verify income and assets and to be more transparent about their own compensation for making the loan. More About: Mortgage Fraud , Dollar , Mortgage , Rules
Bush Praises Subprime Mortgage Strategy
2007-12-19 19:56:00 Bush Praises Subprime Mortgage Strategy President Bush says it is “going to take a while to work through this mortgage bubble,” but that his administration does have a strategy for helping subprime borrowers refinance or restructure their mortgages. (...) More About: Bush , Federal Reserve , Alan Greenspan
Credit Suisse Questions Washington Mutual Management
More articles from this author:2007-12-19 19:28:00 Credit Suisse Questions Washington Mutual Management In a new research report, Credit Suisse calls into question the “credibility” of Washington Mutual’s management, citing what it calls “numerous upward revisions” to the thrift’s credit expectations on future writedowns. (...) More About: Credit , Credit Suisse 1, 2, 3, 4, 5, 6, 7 |
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