Bank of america mortgages

Bank of america mortgages

Aug. 27 (Bloomberg) -- The U.S. is facing the worst financial crisis since the Depression. You would never know that from the Democrats' platform in Denver or its Republican counterpart, or from listening to Barack Obama or John McCain . While both ...

Financial Crisis Is Absent From Agendas of Parties, Candidates - Bloomberg

Aug. 27 (Bloomberg) -- Pacific Investment Management Co., the biggest manager of bond funds, is seeking as much as $5 billion to buy mortgage-backed debt that plunged in value after the subprime market collapsed, according to two investors with ...

Pimco Seeks as Much as $5 Billion for Distressed Debt (Update1) - Bloomberg

Eastern Savings Bank of Hunt Valley sought to calm nervous depositors yesterday after an erroneous television news report said the bank could close amid financial troubles. Though later corrected, the mistake sparked dozens of calls to the bank and ...

Eastern Bank says it is sound - Baltimore Sun

Fiserv, Inc. FISV , a leading provider of information technology services to the financial industry, announced today that Troy, Michigan based Flagstar Bank FBC , a $14.6 billion-asset federal savings bank, has begun to originate its prime ...

Flagstar Bank To Originate Electronic Notes Using Fiserv eLending ... - MSN MoneyCentral

INDIANAPOLIS (AP) - Indiana has sued Countrywide Financial Corp., becoming the latest state to take the mortgage lender to court over its lending practices. Indiana Attorney General Steve Carter said in a news release Sunday that a state ...

Indiana sues Countrywide over lending practices - MSN MoneyCentral

Up is down! Black is white! Fannie and Freddie are profitable! Growth in the spread between rates at which the firms borrow and on the mortgages they buy has driven profits on new mortgages to a ten-year high; Fannie and Freddie are actually able to ...

Above the fold - Economist.com

NEW YORK (Reuters) - Sellers of protection on Fannie Mae (FNM.N: Quote , Profile , Research , Stock Buzz ) and Freddie Mac (FRE.N: Quote , Profile , Research , Stock Buzz ) subordinated debt are unlikely to be required to pay out on the contracts ...

GSEs' subordinated debt unlikely to trigger swaps - Reuters

DUMMERSTON, Vt. -- I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody. First, there was the collapse of IndyMac, a California bank deeply ...

On Native Ground - American Reporter

As US public attention shifts from the Olympics to running mates and the celebrity "news" de jour, the infrastructure beneath your house is termite-infested. Just beneath the nicely painted exterior and behind all the new appliances, doubt is boring ...

Foreign spigot off for US consumers - Asia Times

When Boscov’s filed for bankruptcy protection earlier this month, it was the latest in a slew of retailers to be pulled under as consumers have reined in their spending. But as the mid-range Pennsylvania retailer held closing sales at 10 of its 49 ...