Freddie Mac Posts Lower Profits Freddie Mac , whose $5 billion profit restatement has caused havoc with its financial reporting, released results for the first two quarters of 2005 Tuesday showing a sharp decline in
Mortgage turmoil hits U.S. bank jobs (Toronto Star) NEW YORK ? Bear Stearns Cos., the nation's fifth-largest investment bank, on Wednesday said it will cut 4 percent of its staff in further fallout from the summer's mortgage turmoil.read
Fed acts to stamp out deceptive mortgage practices (Washington Post) WASHINGTON (Reuters) - The Federal Reserve Board on Monday approved new rules to ban misleading and deceptive practices in mortgage lending, including prepayment penalties for many subprime loans.read more...
Report: Countrywide CEO unloaded stock amid industry slowdown "If a guy is changing his plan around, I would think that would send up a red flag. I wouldn't allow my clients to do it" Countrywide Financial Corp.
Temasek Unit Mapletree May Raise $126 Million in Singapore REIT Share Sale Mapletree Investments Pte., a unit of Temasek Holding Pte., plans to raise as much as S$211 million selling shares in a real estate investment trust.via
Encouraging corporate earnings news sends stock markets higher Positive corporate earnings reports helped send stock markets higher Wednesday morning.read more...
You have to wonder what’s going on when mortgage foreclosure rates are skyrocketing nationwide: up 42 percent in 2006, compared to 2005, leaving up to two million families in danger of losing their homes. It’s probably not a shock to learn the mortgage lending industry has been spending money frantically in Washington, and has successfully blocked Congress for the last seven years from taking …
read more…
This entry was posted
on Wednesday, May 16th, 2007 at 4:18 am and is filed under Mortgages.
You can follow any responses to this entry through the comments RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Leave a Reply