Mortgage and Financial News From 2008-1-29 Page 11

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  • More candidates named (The Register-Herald)

    The following candidates have filed to seek offices in their respective counties:
    2008-01-29 07:42:40
  • Business in Brief (Milwaukee Journal Sentinel)

    LOCAL Jeep dealership to close; plant to lay off 22 The Wisconsin Department of Workforce...
    2008-01-29 07:42:58
  • Bond insurer woes may mean end of loophole: report (KPLC Lake Charles)

    NEW YORK (Reuters) - Troubles among U.S. bond insurers are forcing regulators to rethink a 1998 loophole that let an industry expand into the complex and now costly world of derivatives, the...
    2008-01-29 08:04:06
  • Fed’s Issue on Rates: How Low? (NYTimes.com via Yahoo! Finance)

    After a stunning cut one week ago, the Federal Reserve appears poised to announce another rate cut on Wednesday as insurance against a recession.
    2008-01-29 08:39:00
  • Obama campaigns in Kansas and Missouri (The San Luis Obispo Tribune)

    No "wild Muslims" here. Two-thirds of the way through his speech at Municipal Auditorium Tuesday night, Democrat Barack Obama took on the vicious, underground campaign being waged against him on the Internet. "I pledge allegiance to the flag," he began, with a broad smile, just to show he knew the words.
    2008-01-29 08:40:45
  • Obama campaigns in Kansas and Missouri (Centre Daily Times)

    No "wild Muslims" here.
    2008-01-29 08:59:02
  • Warning over one million homes at risk

    Guardian Unlimited - But the FSA admitted it was "not clear" whether the reduction would be passed on by the mortgage lenders, whom it notes could actually raise rates to deal with the pressures on their business. Lyndon Nelson, the FSA's head of financial strategy and ...
    2008-01-29 06:08:00
  • No. of homes in some stage of foreclosure soared, data show

    Minneapolis Star Tribune - Recent efforts by government and mortgage lenders to help homeowners at risk of falling seriously behind on mortgage payments have had a marginal impact on the U.S. foreclosure rate so far, Sharga added. In December alone, foreclosure filings soared ...
    2008-01-29 02:48:00
  • (Adds Bear Stearns throughout)

    Reuters - Morgan Stanley also said it was a defendant in lawsuits over its role as an underwriter of preferred stock offerings for mortgage lenders New Century Financial Corp (NEWCQ.PK: Quote , Profile , Research ) and Countrywide Financial Corp (CFC.N: Quote ...
    2008-01-29 02:40:00
  • Goldman Sachs hit with fresh legal action relating to sub-prime ...

    Times Online - Morgan Stanley revealed yesterday that it, too, was the subject of new lawsuits, relating to the bank's role in underwriting secondary share offerings for New Century Financial and Countrywide, the US mortgage lenders. Goldman Sachs revealed in its ...
    2008-01-29 01:50:00
  • Wall St banks quizzed over sub-prime crisis

    Daily Telegraph - Morgan Stanley, meanwhile, is a defendant in lawsuits over its role as underwriter of preferred share offerings for mortgage lenders New Century Financial and Countrywide Financial. Deutsche Bank analyst Mike Mayo downgraded Morgan Stanley to hold ...
    2008-01-29 03:23:00
  • Conn. AG issues multiple subponeas over subprime

    Reuters - We have an investigation relating to possible wrongdoing involving the bond insurers and mortgage lenders and also the investment banks, seeking to know whether people buying securities backed by mortgage debt may have been misled by failures to ...
    2008-01-29 03:52:00
  • Feds Investigate Banks Over Subprime Lending

    CNBC - ... and subpoenas in their respective annual reports filed with the U.S. Securities and Exchange Commission Tuesday. Morgan Stanley also said it was a defendant in lawsuits over its role as an underwriter of preferred stock offerings for mortgage lenders ...
    2008-01-29 02:55:00
  • Subprime crisis draws FBI scrutiny as Fed meets

    International Herald Tribune - Morgan Stanley said on Tuesday it is a defendant in lawsuits related to its links with mortgage lenders Countrywide Financial and New Century Financial. At the same time, Countrywide posted a larger-than-expected quarterly loss on Tuesday as ...
    2008-01-29 04:42:00
  • FBI opens subprime inquiry

    International Herald Tribune - The agency declined to identify the companies under investigation but said the inquiry, which began last spring, involves companies across the financial industry, including mortgage lenders, loan brokers and Wall Street banks that packaged home loans ...
    2008-01-29 07:41:00