Mortgage and Financial News From 2008-5-22 Page 6
Previous Day: 2008-05-21
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11
-
Moody's shares continue to fall on regulatory risk (INO News)
(AP:NEW YORK) Moody's Corp. shares continued to fall Thursday after the Connecticut attorney general said he is investigating if computer errors led the ratings agency to assign safe ratings to risky investments.
2008-05-22 01:06:18 -
Inflation & Gold-Silver Breakout (Kitco.com)
The gold and silver prices have broken out on the upside, not to register new highs but rather to emerge from a clear bullish wedge pattern in their daily charts. The stage is set for assaults on the 1000 gold high and the 21 silver high.
2008-05-22 01:36:51 -
UPDATE: AIG Shares Tumble Near Decade Lows - CNN Money
SAN FRANCISCO (Dow Jones) -- American International Group shares fell close to a decade low on Tuesday as the giant insurer raised roughly $20 billion in new capital to fortify itself against the ravages of the tumbling U.S. housing market. AIG ...
2008-05-20 12:23:00 -
Wells Fargo Hires Gotelli, Head of Global Sales for Corporate Foreign ... - MSN MoneyCentral
SAN FRANCISCO, May 22 /PRNewswire-FirstCall/ -- Wells Fargo & Company WFC said today that it has hired Bob Gotelli as head of Global Sales for Corporate Foreign Exchange. Wells Fargo Foreign Exchange trades over $4 trillion per year and helps ...
2008-05-22 09:00:00 -
Citigroup's `Last Roman' CDO Shows Enron Accounting (Update2) - Bloomberg
May 22 (Bloomberg) -- Citigroup Inc. created a $2.5 billion mortgage-backed security called Bonifacius Ltd. in August as capital markets seized up and panic swept Wall Street. The issue took the name of a general, called by historian Edward Gibbon ...
2008-05-22 10:55:00 -
DOJ: National City To Pay $4.6 Million To Settle False-Claim ... - CNN Money
National City Corp.'s (NCC) National City Mortgage Inc. agreed to pay $4.6 million to settle allegations that it improperly submitted 58 late-endorsement loans for Federal Housing Administration insurance coverage, the Department of Justice said ...
2008-05-22 11:38:00 -
AIG and KB discussing mortgage insurance deal (JoongAng Daily)
American International Group Incorporated is in talks with Kookmin Bank, Korea¡¯s largest, to provide insurance on the lender¡¯s home loans, said Michael Chung, head of the U.S. company¡¯s mortgage insurance unit in Korea.
2008-05-22 10:04:43 -
Up Next (CBS News)
What's coming up next on 60 Minutes .
2008-05-22 10:30:02 -
"Immoral Hazard" (Baltimore Chronicle & Sentinel)
So says Jeremy Grantham, co-founder of Boston-based investment firm Grantham, Mayo and Van Otterloo, now known as GMO. Some call him the philosopher king of Wall Street because of his highly insightful views on markets and the economy, usually with a longer-term perspective.
2008-05-22 10:35:54 -
Jacksonville pension fund sues AIG (Miami Herald)
American International Group and four of its executives were sued by a Florida pension fund for allegedly inflating the insurer's stock price by misleading investors about its subprime-mortgage holdings.
2008-05-22 11:15:17 -
Learn to save your dream home at free seminar (Richmond Times-Dispatch)
A free seminar on ways to help homeowners maintain ownership of their houses will be from 9:30 a.m. to noon Saturday, June 21, 2008, at 501 E. Franklin St., Room 105 (across from the old John Marshall Hotel). Come learn about ways to save your home from subprime loans; talk with a real estate broker, mortgage broker, real estate lawyer, homeowners insurance agent and contractor. Learn the ins ...
2008-05-22 11:30:19 -
Florida Pension Fund Is Suing A.I.G. (NYTimes.com via Yahoo! Finance)
The fund accused A.I.G. and a number of its top executives of understating the company’s exposure to the subprime mortgage crisis in order to inflate its stock price.
2008-05-22 11:37:17 -
France Says Weak Dollar May Fuel Protections (NYTimes.com via Yahoo! Finance)
France’s finance minister warned that a low American dollar was feeding an increasing trend toward protectionism in the United States and elsewhere.
2008-05-22 11:37:17 -
Nine of the best of the best (FundAdvice.com)
Paul Merriman has identified his favorite 10 items listed in “Money” magazine’s May 2008 annual guide to the 100 best things from the past year. Paul’s interests and my own are slightly different, and Money’s list is so intriguing that I had no trouble coming up with nine additional items.
2008-05-22 11:43:43 -
Residential lettings market gathers pace - Financial Times
The residential lettings market is gathering pace as tighter credit conditions and the uncertain price outlook make it more difficult to buy or sell property, according to an industry survey published on Thursday. More people are looking for rented ...
2008-05-22 03:02:00