Mortgage and Financial News From 2008-3-26 Page 3
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Examiner.com Related Articles: (The San Francisco Examiner)
New Century had been the second-largest originator of subprime home loans in the U.S. and had a market capitalization of more than $1 billion several months before seeking Chapter 11 bankruptcy protection in April 2007.
2008-03-26 02:36:02 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
Oracle new software sales disappoint, shares down
2008-03-26 02:58:06 -
Bank Stocks Show Signs of a 180 (US News & World Report)
The Fed rescue may mark a turning point for investor confidence.
2008-03-26 03:03:27 -
SEC official says more subprime fraud could surface (EARTHtimes.org)
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission's top enforcement official said on Wednesday that it's still too early to tell whether the current market turmoil involves widespread securities violations or simply bad business decisions.
2008-03-26 03:05:55 -
Examiner.com Related Articles: (The San Francisco Examiner)
"I think the market has done a decent job of trying to find a bottom in the last few days, and that's certainly an encouraging sign," said David Joy, chief market strategist at Ameriprise Financial Inc.'s ( AMP , News ) RiverSource Investments.
2008-03-26 03:12:36 -
Examiner.com Related Articles: (The San Francisco Examiner)
As a result, Missal said, investors and others may have legal ammunition to sue New Century, its top executives and KPMG for damages.
2008-03-26 03:19:21 -
Examiner Faults New Century's Accounting (IWon - Money)
LOS ANGELES (AP) — Bankrupt mortgage lender New Century Financial Corp. used improper accounting practices while making risky loans, creating "a ticking time bomb" that led to the company's rapid downfall, a court examiner said in a report released Wednesday.
2008-03-26 03:44:35 -
Lawmakers discuss foreclosure crisis (News 14 Carolina)
NORTH CAROLINA -- North Carolina lawmakers are exploring ways they could help pull the state out of the foreclosure crisis. Experts say it's not as bad in North Carolina as it is in the rest of the country.
2008-03-26 03:45:36 -
Guilt by association: Critics say denunciation not enough (Louisiana Weekly)
After a series of impressive victories over the past few months, Sen. Barack Obama has witnessed a cooling of enthusiasm for his candidacy as the prospects of electing the nation's first Black president inches closer to reality.
2008-03-25 08:47:50 -
Are we going back to the 1930s? The economic similarities (Socialist Worker)
The Wall Street Crash of 29 October 1929 has entered the popular imagination as the key example of a crisis in the financial system.
2008-03-25 12:13:19 -
World Alliance Financial Appoints Paul Fiore as Chief Learning Officer (PR Newswire via Yahoo! Finance)
World Alliance Financial Corp., an industry leader in reverse mortgages, recently named Paul Fiore chief learning officer.
2008-03-26 05:30:00 -
Remarks by Secretary Henry M. Paulson, Jr on Current Financial and Housing Markets at the US Chamber of Commerce (United States Department of the Treasury)
-- Thank you for inviting me to address your Capital Markets Competitiveness Conference.
2008-03-26 07:40:23 -
Cost of the crunch: $1.5 trillion (The New Zealand Herald)
Investment bank Goldman Sachs estimates global credit losses stemming from market turmoil will reach US$1.2 trillion ($1.5 trillion), with Wall St companies bearing about $460 billion of that total.
2008-03-26 09:30:19 -
Deutsche Bank Says Goal at Risk From Markets, Economy (Update4) (Bloomberg.com)
March 26 (Bloomberg) -- Deutsche Bank AG , Germany's biggest bank, said the U.S. subprime collapse and slowing economic growth will make it harder to reach a full-year profit goal.
2008-03-26 11:17:09 -
FGIC: mortgage losses exceed legal limits (KPLC Lake Charles)
By Walden Siew NEW YORK (Reuters) - Bond insurer FGIC Corp said on Wednesday that its exposure to mortgage losses exceeded legal risk limits and it may raise loss reserves due to...
2008-03-26 12:02:13