Mortgage and Financial News From 2008-3-26 Page 01
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Report assails auditor for work at failed home lender (Austin American-Statesman)
A sweeping five-month investigation into the collapse of one of the nation's largest subprime lenders points a finger at a possible new culprit in the mortgage mess: the accountants.
2008-03-26 07:54:02 -
KPMG allowed fraud at New Century, report says (Reuters via Yahoo! Singapore News)
SAN FRANCISCO, March 26 - Auditor KPMG either initiated accounting fraud at New Century Financial Corp or stood idly by as the failed subprime mortgage lender committed fraud in 2005 and 2006, an independent report requested by the U.S. Department of Justice shows.
2008-03-26 08:50:58 -
Yen Rises on Speculation Japan Investors Repatriating Earnings (Bloomberg.com)
March 27 (Bloomberg) -- The yen rose against the dollar for a third day on speculation Japanese investors are repatriating overseas earnings amid signs credit turmoil will spread.
2008-03-26 09:21:45 -
Business pulse (The Times and Democrat)
New home sales drop for a fourth month WASHINGTON (AP) — Sales of new homes fell in February for the fourth straight month, pushing activity down to a 13-year low. While the rate of decline has slowed, the worst slump in more than two decades has not run its course, analysts said.
2008-03-26 09:29:41 -
CLOSING THE DEAL (New York Post)
You've signed the contract, sorted out your down payment and are getting ready to move into your new home. It's closing time. Closing is the process you go through to finalize the deal you made to buy a home and then assume ownership and take...
2008-03-26 09:39:23 -
Equity Loans as Next Round in Credit Crisis (NYTimes.com via Yahoo! Finance)
Lulled by good times, millions of Americans borrowed — sometimes heavily — against the roofs over their heads. Now the bill is coming due.
2008-03-26 09:40:03 -
Bear Stearns shows financial 'world has changed,' new regulations needed, Treasury chief says (Savannah Morning News)
WASHINGTON - If big Wall Street investment houses are allowed to run to the Federal Reserve for emergency lending, they must face stepped-up regulation, Treasury Secretary Henry Paulson declared Wednesday.
2008-03-26 09:56:39 -
It's Not Porn, It's Pixel Advertising 2.0 (PRWeb)
A new web-based television show resurrects and enhances pixel advertising as a form of monetization to help produce and promote its special brand of video. (PRWeb Mar 25, 2008) Read the full story at http://www.prweb.com/releases/2008/03/prweb797744.htm
2008-03-25 12:45:45 -
Dell Patent Infringement Suit Brought By Typhoon Touch Technologies & Nova Mobility Expanded; Xplore Technologies, ... (PRWeb)
Typhoon Touch Technologies, Inc. (TYPT.OB), a leader in creating, developing, acquiring and licensing touch screen technology, announced today that it has significantly expanded its touch screen patent infringement suit commenced in December 2007 against Dell, Inc. (NASDAQ: DELL) by adding the following additional defendants via amended complaint: Xplore Technologies Corporation of America ...
2008-03-25 07:10:57 -
AIIM Market IQ Finds Organizations Target Enterprise 2.0 but Lack Clear Understanding –- Corporate Culture Most ... (PRWeb)
The AIIM Market Intelligence group has released its Market IQ study "Enterprise 2.0: Agile, Emergent and Integrated”. (PRWeb Mar 25, 2008) Read the full story at http://www.prweb.com/releases/2008/03/prweb800774.htm
2008-03-25 07:40:20 -
Financial Futures (Washington Post)
Washington Post columnist Martha M. Hamilton was online Tuesday, March 24 at 12 p.m. ET to answer questions about making smart financial decisions while preparing for retirement.
2008-03-25 12:46:45 -
Risky Strategy Lures Investors Seeking Yield (WallStreet Journal via Yahoo! Finance)
Wall Street is luring income-hungry investors with complex securities called "reverse convertibles" that come with big risks as well as extravagant yields.
2008-03-25 04:37:01 -
03-26-08 EUR ALL ON ONE PAGE (Eurweb)
FOX ANCHORS ARGUE OVER OBAMA COVERAGE: Chris Wallace takes a stand – live on the air – against hosts of 'Fox & Friends' for biased reports.
2008-03-26 12:05:34 -
Taxpayers will not foot bill for banks’ investment losses (The Herald)
Bank of England governor Mervyn King yesterday warned banks that the tax- payer would not pick up the cost of their losses on investments in the mortgage market and said they could face having to hold higher amounts of capital to cover losses in future.
2008-03-26 05:14:31 -
King flags up rate cut as he warns MPs of 'new phase' in credit crisis (Guardian Unlimited)
City braced for early cut in interest rates after Bank of England said action was needed to protect economy from a deepening credit crunch
2008-03-26 05:17:54