Bush pushes bailout
DANG IT: President George W. Bush eased pressure on financial markets overnight with assurances that a US$700 billion bailout for the financial sector can be revived, but the crisis spread further through …
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Mortgages and Loans help
DANG IT: President George W. Bush eased pressure on financial markets overnight with assurances that a US$700 billion bailout for the financial sector can be revived, but the crisis spread further through …
Sept. 30 (Bloomberg)—Genworth Financial Inc. , the insurer once owned by General Electric Co., is considering a spinoff of its U.S. mortgage insurance business amid the housing slump. The stock jumped 22 percent in early trading.
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Illinois Attorney General Lisa Madigan has filed a lawsuit accusing a Pennsylvania company of running a mortgage rescue fraud scheme.
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Thornburg Mortgage Cutting 29 Home Lending Jobs
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Sept. 30 (Bloomberg)—Genworth Financial Inc. , the insurer owned until 2004 by General Electric Co., soared in New York trading after saying it is considering a spinoff of its U.S. mortgage insurance business.
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Mortgage lender Thornburg Mortgage Inc. said Tuesday it cut 29 jobs in its lending division amid turmoil in the financial services sector.
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White House Says Mortgage Rescue Plan Remains n Track
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Sept. 30 (Bloomberg)—Genworth Financial Inc. , the insurer owned until 2004 by General Electric Co., jumped in New York trading after saying it is considering a spinoff of its U.S. mortgage insurance business.
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Soldiers and families who deal with enough stress during 12-month deployment to Iraq say they’re now keeping a little closer eye on their finances.
Fitch Ratings-London-01 October 2008: London1 October 2008: Fitch Ratings’ Emerging Markets Structured Finance group will host a teleconference on Thursday 2 October, 15:00 BST, to discuss key points from its new criteria for rating emerging market residential mortgage securitisations, published on 1 October.
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