Types Of Bankruptcy

Fannie Mae Faces Work After Restatement   Mortgage giant Fannie Mae has taken a significant stride in its march out of a accounting scandal by completing a restatement of past earnings but still faces tough work to


After 'Bumfights,' a second chance  Bonanza Apartments manager Michael Staley, right, talks to Ron Button about renting an apartment.Commentread more...


E-Trade Sells $3B Mortgage-Backed Debt (AP via Yahoo! Finance)   Troubled discount brokerage E-Trade Financial Corp. said Wednesday it sold about $3 billion of mortgage-backed securities and municipal bonds in addition to the November sale of its $3 billion


Smith, Top Bond Forecaster, Says Treasury Yields Signal a 2007 Recession  Jan. 2 -- The U.S. bond market's most accurate forecaster, who plies his trade 500 miles from Wall Street on Tobacco Road, says yields are sending ominous signs about the


Mortgage leader blames some lenders for meltdown (Orange County Register)  John Robbins, chairman of the Mortgage Bankers Association, says "a few unethical actors" have caused problems for the industry.read more...


Bend building boom widespread, growing  As the construction industry in Central Oregon has boomed, plenty of related industries in the fast-growing area are reaping the rewards.via

July 16th, 2008

Fed chief: Mortgage giants are sound (The News & Observer)

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in “no danger of failing.”

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