Mortgage and Financial News From 2008-9-13 Page 10

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  • Lehman may be hard to resist (The Charlotte Observer)

    Bank of America Corp. chief executive Ken Lewis has long expressed three big concerns about buying an investment bank: the high price, cultural differences and the riskiness of the business. If Lewis forges a deal to buy battered Lehman Brothers Holdings Inc., the price tag likely will be attractive, but his other worries will be harder to assuage, people familiar with the bank and the industry ...
    2008-09-13 05:34:04

  • From Scotland to Sullivan (Belleville Intelligencer)

    The Quinte Symphony's 49th season begins next month, offering everything from Scotland to Sullivan. "We've got a really excellent season spread out over the [...]
    2008-09-13 06:15:16

  • Law could ease homeowners' stress (The Charlotte Observer)

    This week brought much-needed good news for Susan Elliott – she may get to keep her Concord home. Late Thursday she learned the foreclosure case against her was dismissed on a technicality, narrowly averting a Monday hearing during which she could have lost her three-bedroom house. β€œI'm totally excited,” said Elliott, who is 46 and an assistant manager with a Charlotte auto body shop. β€œIt's ...
    2008-09-13 06:18:57

  • NewsWatch: N.Y. Fed calls meeting to forestall Lehman collapse (Market Watch)

    As U.S. Treasury officials made it clear the government will not bail out Lehman Bros., the Federal Reserve Bank of New York meets with Wall Street executives in an effort to forestall the collapse of the investment firm and shore up rapidly weakening financial markets.
    2008-09-13 06:37:03

  • BBA rejects call for Government to act as mortgage guarantor - The Independent

    The body representing Brit-ain's banks yesterday rejected calls for the Government to guarantee mortgages in an effort to kick-start the housing market. The British Bankers' Association threw its weight behind the Governor of the Bank of England ...
    2008-09-10 11:31:00

  • Investors hope the deal will prop up the US housing market. - BBC Business

    Global shares have rallied after the US government said it was taking over troubled mortgage lenders Freddie Mac and Fannie Mae. Investors hoped the largest bail-out in US history would prop up the country's housing market and ultimately help to end ...
    2008-09-07 05:58:00

  • Bank bailouts - Globe and Mail

    While Canada's banks have managed to weather the recent storm, there have been financial rescues here, too. In 1985, Ottawa, the Alberta government, the Canada Deposit Insurance Corp. and the big banks prepared a $255-million bailout package for ...
    2008-09-13 05:05:00

  • Weekend talks seek buyer for Lehman - Globe and Mail

    WASHINGTON -- Two more large U.S. financial institutions, Lehman Brothers Holdings Inc. and Washington Mutual Inc., are scrambling to find buyers this weekend and avoid collapse as the worst U.S. banking crisis since the Depression continues unabated ...
    2008-09-13 05:05:00

  • Loan Officer Sentenced for $16 Million Mortgage Fraud Conspiracy (Kansas City InfoZine)

    Formerly the regional manager and a loan officer at Soldi Financial in Overland Park
    2008-09-13 02:24:27

  • Lenders say private customer records have been breached (Bradenton Herald)

    The personal information of nearly 750,000 Florida consumers may have been compromised in recent weeks, the result of data breaches at both Countrywide Financial and the Bank of New York Mellon Shareowner Services.
    2008-09-13 03:43:49

  • Bank bailouts (The Globe and Mail)

    The U.S. government's bailouts of Bear Stearns, Fannie Mae and Freddie Mac, and Britain's takeover of Northern Rock, underline the dire straits faced by world financial markets. Richard Blackwell points out that bailouts of financial institutions are nothing new
    2008-09-13 04:49:34

  • Countrywide customers' identities sold (The Oakland Press)

    PONTIAC -- Tina Jackson is afraid of what will happen -- if her identity will be stolen -- after her mortgage broker, Countrywide Financial, sent her a letter informing her that a former Countrywide employee sold her personal information to a third party.
    2008-09-13 05:36:50

  • No place like home - bbc

    As the sun beat down on Las Vegas's suburbs, it wasn't difficult to spot the foreclosed homes. There were the overgrown gardens, for a start. The windows boarded up with plywood. And if you wandered round the back, the empty swimming pools were a ...
    2008-09-13 02:27:00

  • OPINION: One housing story that was ignored - Trentonian

    Be it ever so humble, there's no place like it. Home. Today, homes are all over the news. A crisis erupted when the home mortgage behemoths Fannie Mae and Freddie Mac collapsed. These quasi-governmental giants did not crumple without warning. Red ...
    2008-09-12 09:34:00

  • Treasury, Fed Said to Call on Wall Street Chiefs to Back Lehman - Bloomberg

    Sept. 13 (Bloomberg) -- Treasury Secretary Henry Paulson and New York Federal Reserve Bank President Timothy Geithner urged the heads of Wall Street's biggest firms to find a solution to the plight of Lehman Brothers Holdings Inc., signaling their ...
    2008-09-13 12:04:00

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