Mortgage and Financial News From 2008-3-14 Page 4

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  • Paulson to Propose Tougher Bank Scrutiny After Mortgage Crisis

    Bloomberg - Bernanke has also backed tougher oversight of mortgage brokers. Credit Ratings The SEC in February said it may propose new rules for credit-rating companies, increasing disclosure about how past ratings fared.
    2008-03-12 09:23:00
  • After Bear bailout, who's next?

    Globe and Mail - As the mortgage and credit crises have deepened, murmurs of government intervention to back up distressed financial companies have been in the air in recent days. On March 6, shares of mortgage-finance titans Fannie Mae and Freddie Mac fell after the ...
    2008-03-14 04:49:00
  • California falls to No. 4 in mortgage fraud

    East Bay Business Times - The MARI report provides critical insight for those in the real estate finance industry to better understand the factors contributing to these circumstances so that our communities and member companies are protected." The Mortgage Fraud Case Report ...
    2008-03-14 04:49:00
  • Feds outline mortgage plan

    Santa Rosa Press Democrat - The proposals call for the companies that issue mortgage bonds -- called mortgage-backed securities -- to disclose more information about how they've verified the loans that underlie the bonds being offered to investors.
    2008-03-14 05:24:00
  • Activists target boards amid mortgage fallout

    Reuters South Africa - Shareholders at only a few companies will get to vote on ballot proposals spurred by the mortgage crisis this year. Companies have been largely successful in blocking proposals put forth by union-backed pension funds and other investors from going to ...
    2008-03-14 02:26:00
  • Fed comes to Bear Stearns' rescue; shares dive

    CNBC - The last straw came this week as deterioration in the markets and the continued struggles of mortgage companies sparked a loss of confidence among traders in Bear.
    2008-03-14 02:47:00
  • Bank CEO's take is cut 21% - to $14 million (CNN Money)

    Washington Mutual's Kerry Killinger granted stock options worth $13 million, but not bonus because of company's 'disappointing' 2007 results.
    2008-03-14 05:55:14
  • With high risk and cheap stock, will Bear be sold? (KPLC Lake Charles)

    By Jessica Hall PHILADELPHIA (Reuters) - The emergency rescue of Bear Stearns Co Inc (BSC.N) on Friday left observers from all quarters wondering who would be the last man standing at...
    2008-03-14 06:01:53
  • (AFX UK Focus) 2008-03-15 00:37 GMT: WaMu CEO gets 21 percent pay cut (Interactive Investor)

    SEATTLE (AP) - Washington Mutual Inc. Chief Executive Officer Kerry Killinger received compensation valued at $14.4 million for 2007, 21 percent less than the previous year, as the nation's largest savings and loan struggled with turbulence in the mortgage and credit markets.
    2008-03-14 06:12:35
  • State stimulus will help lift 2008 corporate earnings (Bangkok Post)

    Earnings growth for listed companies is expected to rise to 27% this year from 22% thanks to the government's recent economic stimulus package, according to Kongkiat Opaswongkarn, the chairman of the Federation of Thai Capital Market Organisations.
    2008-03-14 06:14:08
  • T N Ninan: A crisis foretold (Business Standard India)

    Anyone who looks can see, through the pall of gloom that hangs over any discussion of the economy and the markets, that so many people have been caught unprepared by what has happened, and by what is to come.
    2008-03-14 06:19:55
  • Buyout slams U.S. stocks (Connecticut Post)

    NEW YORK — Wall Street plunged anew Friday after a near meltdown at Bear Stearns Cos. handed investors the unwelcome confirmation that the credit market's troubles are far from over.
    2008-03-14 06:30:11
  • Prepared to Help Fed chairman promises aid to distressed homeowners (Winston-Salem Journal)

    WASHINGTON
    2008-03-14 06:30:49
  • Sources: Spitzer used call-girl service at least 8 times

    CNN - ... rising Democratic star, testified to the House Financial Services Committee the next day about the affect of the mortgage ... conceal the fact that he is withdrawing the money," said Smith, the former deputy chief of the Justice Department's fraud ...
    2008-03-12 05:41:00
  • Mansion of former boy-band mogul Lou Pearlman will go through ...

    Orlando Sentinel - ... of jailed music executive Lou Pearlman , which failed to generate a high enough bid at auction Saturday to cover the mortgage ... Pearlman, 53, pleaded guilty last week to federal conspiracy, fraud, money laundering and bank fraud charges.
    2008-03-13 09:48:00