AP – A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.
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AP – A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.
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AP – A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.
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AP – A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.
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AFP – Chinese banking regulators have ordered lenders to conduct quarterly stress tests on mortgages as the government tries to clamp down on bad loans and rein in real estate speculation.
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AP – A panel investigating the roots of the financial crisis will press current and former executives of Citigroup Inc. at hearings this week about the bank’s role in spreading trillions of dollars in risky mortgage debt through the banking system.
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Reuters – Delinquencies on mortgages rose to nearly 14 percent in late 2009, led by a sharp increase in seriously overdue home loans held by the most credit-worthy borrowers, U.S. banking regulators said on Thursday.
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The Motley Fool – Bank statements don’t make for scintillating reading, but if you take a close look, you could find a few unpleasant surprises. Such was the case when one family glanced at one of its statements and discovered that its bank was simultaneously charging it for banking with online bill pay and banking without it. How the family could be doing both — and paying for it — was perplexing. But there the charges were, $9.95 and $5.95 respectively, leaking dollars out of the checking account.
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Reuters – In a sign that the U.S. banking sector’s problems are far from over, lenders including Bank of America Corp reported falling bond trading revenue and mortgage lending weakness in the fourth quarter.
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Reuters – In a sign that the U.S. banking sector’s problems are far from over, lenders including Bank of America Corp reported falling bond trading revenue and mortgage lending weakness in the fourth quarter.
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