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Lawmaker Asks DOJ to Probe Fannie Execs   A senior House lawmaker has asked the Justice Department to investigate whether Fannie Mae's former chief executive and former finance chief lied to Congress in sworn testimony in 2004.read more...


Zuber's Restaurant makes a return to its hotel past  "It was definitely a big job bigger than I ever expected" HOMESTEAD, Iowa -- Only one thing is associated with this spot in the memories of most Eastern Iowans


Fire Victims Say Calls Never Came  "I call it the 911 syndrome - people think they call 911 in any circumstance and they'll be there to help" Barbara Levine went to sleep Oct. 21 believing


Mortgage rate survey and analysis  Bankrate's weekly survey of large lenders tells you where mortgage rates are, and our analysis hints at where they're headed.read more...


FBR Group mortgage subsidiary to liquidate (bizjournals.com via Yahoo! Finance)   Friedman, Billings, Ramsey Group Inc. said Friday that its mortgage-origination subsidiary will liquidate its assets due to continued deterioration in the subprime market.read more...


Mortgage loan repurchases deepen Block's loss (bizjournals.com via Yahoo! Finance)   A one-time charge for mortgage loan repurchases led H&R Block Inc. to report an even larger loss for its normally slow first quarter.read more...

July 21st, 2007

Large HK banks under audit scrutiny

An audit report has found problems at three top banks in Hong Kong. China’s auditors have found more than US$1.2 billion in problem loans which highlight poor credit practices in the financial system. via Hong Kong News.Net



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