FDIC Faces Mortgage Mess
The FDIC was among lenders giving out high-interest, subprime mortgages, some of them predatory, according to federal documents.
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Despite mortgage fiasco, Merrill Lynch remains strong Q: Will my shares of Merrill Lynch & Co. have a revival? C.M. via the Internet A: The company has acknowledged that it handled risks badly in subprime mortgages
Inkstravaganza crowd honors author Liss (Reg Req'd) Good literature is said to lift the mundane to the extraordinary, and not much could be more mundane than selling encyclopedias in a trailer park.read more...
Can't pay? Tell your mortgage company (Minneapolis-St. Paul Star Tribune) Though the possibility might seem remote, what would happen if you got sick or suffered a drastic loss of household income in 2006, and then fell seriously behind on
Subprime lender says it faces criminal investigation New Century Financial Corp. said it's the subject of a criminal probe, and Fremont General Corp.Commentread more...
Bahrain Islamic mortgage scheme (AME Info) The Bahrain Islamic Bank has launched its Ijara Muntahia Betamleek Islamic mortgage product with a repayment period of up to 20 years. Bahrain Islamic Bank will buy the property and
Thornburg Mortgage Reports EPS of $2.79 for 2005 (Business Wire via Yahoo! Finance) SANTA FE, N.M.----Jan. 24, 2006--Thornburg Mortgage Inc. Book value reaches $20.00; up 3% year-over-year Annual mortgage originations of $5.0 billion; up 15% year-over-year Total assets increase to $42.5 billion;