Mortgage losses prompt WaMu to cut more jobs (Los Angeles Times) The thrift will lay off 3,150, slash its dividend and raise $2.5 billion to cover shortfalls. Washington Mutual Inc., citing growing mortgage losses, said Monday that it
Moody's Downgrades 399 Subprime Mortgage Bonds, S&P Warns (Nasdaq) NEW YORK -(Dow Jones)- Moody's Investors Service joined peer agency Standard & Poors in a devastating - albeit belated - verdict on debt deals linked to the foundering subprime mortgage
Americans Drowning in Debt Since the last business cycle officially ended in March 2001, the US has experienced an extraordinary boom in private household debt.read more...
FNB outlook gets a boost The financial picture for FNB Corp. for 2004 was improved and is looking brighter for the coming fiscal year, members were told at Tuesday's annual shareholders' meeting.via
Mortgage Bankers: Desperate to Lend (BusinessWeek) Refinancing volume has tumbled, as has profitability, so these lenders offer increasingly sweet deals in a scramble for market sharevia
Bring repair challenges to Old House experts Bring your flannel shirts and your home-improvement questions to the "Meet This Old House" tour, coming to Seattle on Sept.read more...
MIAMI | The FBI has uncovered a scheme in which drug profits were allegedly funneled from South American traffickers through Mexican money exchanges to a Miami bank, then used to buy airplanes intended to ferry more cocaine shipments around the world. more»
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