Bernanke says important GSEs have strong regulator
Federal Reserve Board Governor Ben Bernanke said on Wednesday it was in everyone’s interest that mortgage finance majors Fannie Mae and Freddie Mac have a strong regulator with broad powers.
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Builder Barratt sees year results as expected Barratt Developments said on Friday it was on track to meet full-year expectations, but it warned that without an autumn or spring pickup in the shaky housing market, sales would
Scenic Highway Planning Stalls read more...
S&P, Moody's (Warren Buffett) Generate Record Fees From Rating Derivatives Moody's Investors Service and Standard & Poor's, the world's biggest credit-rating companies, are raking in record fees from customized bond sales crafted by Wall Street's derivative specialists.read more...
Freddie, Fannie sink on mortgage worries (CNN Money) Analysts downgrade both companies which are expected to take bigger hits from mortgage defaults.read more...
IBM Mortgage Unit Accelerates Market Presence (ThomasNet) Obtains HUD and State Approvals CHARLOTTE, NC - 10 Sep 2007: IBM Lender Business Process Services, Inc. (IBM LBPS), a wholly owned subsidiary of IBM (NYSE: IBM) specializing in mortgage
GMAC's ResCap mortgage unit to cut 3,000 jobs (USA Today) GMAC Financial Services said on Wednesday it would cut about 3,000 jobs, or 25% of the workforce, from its Residential Capital mortgage operation.read more...