Bank re mortgages

Bank re mortgages

Aug. 28 (Bloomberg) -- People's United Financial Corp. , the largest New England-based lender, is seeking acquisitions after steering clear of the subprime-mortgage market, and can ``cherry- pick'' borrowers abandoned by cash-strapped banks. The bank ...

People's United Seeks Acquisitions, Borrowers to `Cherry-Pick' - Bloomberg

NEW YORK (Reuters) - Fannie Mae , the biggest U.S. mortgage finance company, on Wednesday announced a shake-up of top executives, including the exit of its chief financial officer, in an effort to better implement a plan to preserve capital and cut ...

Three Fannie Mae execs out, shares rally earlier - MSN MoneyCentral

WASHINGTON (AP) _ The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued. Federal Deposit Insurance Corp ...

FDIC: troubled banks highest in 5 years; bank profits dropped by 86 ... - Chicago Tribune

One year after the credit crunch began, Fortune looks back at who saw trouble ahead, and who just ended up in trouble. NEW YORK (Fortune) -- Not every player in banking is getting clobbered these days. BNP Paribas, which sparked part of the very ...

How one bank avoided the meltdown - CNN Money

The Liberal Democrats have presented their proposals to slow the "downward spiral" in the UK housing market. Describing government efforts to dates as "feeble", the party's Treasury spokesman Vince Cable offered three key solutions to ongoing ...

Lib Dems construct housing recovery plans - MyFinances.co.uk

TORONTO, Aug 26 (Reuters) - Following is the text of the prepared speech by Bank of Canada Deputy Governor David Longworth to the Canadian Association of Business Economics in Kingston, Ontario, on Tuesday. Work in Progress: The Bank of Canada's ...

TEXT-Speech by Bank of Canada's Longworth - Reuters

With each economic release related to the state of the housing market comes the hope that this one, finally, will prove that the residential real-estate market is on the way to recovery. But disappointment has been the overriding influence for those ...

Housing Recession Just Builds - Wall Street Journal

The mortgage mess that has upended millions of homeowners’ finances is now taking a bigger bite out of the nation’s banking system. And while depositors with insured accounts face little risk of losing their money, the insurance fund’s top ...

Mortgage mess puts more banks at risk - MSNBC

(Money Magazine) -- Spend 27 years in Congress and you're bound to encounter more than one financial train wreck. But as Rep. Barney Frank, D-Mass., sees it, the meltdown in the U.S. housing market poses as much of a threat to the nation's economic ...

Housing: Frank talk from Barney Frank - CNN Money

WASHINGTON — The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86% in the second quarter, as slumps in the housing and credit markets continued. Federal Deposit Insurance Corp. data ...