Fannie Mae CEO Defends Mortgage Giant's Financial Stability (The Online NewsHour) Fannie Mae CEO Daniel Mudd discusses the stability of the mortgage-lending giant and government proposals to back Fannie Mae and Freddie Mac in order to maintain confidence in U.S. markets.read
Association of banks sues Spitzer over probe into lending practices NEW YORK - An association of leading commercial banks and a federal agency sued Attorney General Eliot Spitzer on Thursday, saying his probe into the lending practices of national banks
Mortgage rate rises gathering pace (Channel 4) Mortgage rates have increased during the past week despite moves by the Bank of England to ease the problems in the money markets, figures show.read more...
Global Fund suspends Aids grant to Uganda The Geneva-based Global Fund to Fight Aids, Tuberculosis and Malaria has suspended its grants to Uganda, a pioneer of Aids treatment, after an investigation uncovered evidenceof "serious mismanagement" of ...read
Budget Bills Near Approval Both chambers of Congress were getting closer yesterday to approving budget reconciliation legislation, including a Senate bill that would restrict pooled bond issuance, require state and local issuers to ...read
The art of staging a sale RE.TUSCANY4.042607.LSB "It's shock and awe in a good way." It's nothing new for a real estate agent to suggest that a homeowner de-clutter and spruce things up with fresh paint
Lehman Brothers Holdings Inc. posted a nearly $3 billion loss Monday, after the nation’s fourth-largest investment bank was hurt by wrong-way hedging and trading positions.
The results marked the first time that Lehman Brothers recorded a loss since going public in 1994, and confirmed what the company had forecast last week. It follows a tumultuous week in which Lehman also was forced to raise $6 billion in fresh capital, and unexpectedly demoted two of its top executives.
Lehman did not announce any new plans to raise capital. However, Chief Executive Richard Fuld said the firm has already begun to take steps to ‘ensure that this quarter’s unacceptable performance is not repeated.’
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