Mortgage Meltdown; the Lying, Crying and Fire Sale Buying Begins (Kansas City InfoZine) By Monica Davis - There is more than meets the eye to the upcoming mortgage meltdown, much of which has its genesis in the deregulation of the savings and loan
CEO Says Wachovia Well Positioned For Rough 2008 "I think the rating agencies did a very poor job in rating those mortgage-backed securities" As brutal year in the financial services industry comes to a close, Ken Thompson
Officials reach out to homeowners with mortgage troubles (Atlanta Journal-Constitution) New efforts at early intervention to prevent foreclosure will be launched next year, even as government and mortgage industry leaders negotiate in Washington whether to temporarily freeze adjustable rates on
Home Depot 4Q profit slides 28 percent 10:12AM EST The Home Depot Inc., the world's largest home improvement store chain, reported Tuesday a 28 percent drop in fourth-quarter profit despite a modest 4 percent gain in overall sales.Commentread more...
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WASHINGTON (MarketWatch)—Traditional mortgages and the U.S. banking system are safe from spillover effects associated with the fallout of the subprime mortgage market, a Federal Reserve official said Thursday, as he and other banking regulators faced tough criticism from a Senate committee chief for their role in the market’s troubles.
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