U.S. regulator says mortgage lenders stabilizing (Reuters)

Reuters – The U.S. thrift industry reported its third consecutive quarter of profit, earning $1.82 billion during the first three months of the year.

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GMAC posts profit, plans name change (Reuters)

Reuters – GMAC Financial Services, a lender majority-owned by the U.S. government, posted its first profit since the fourth quarter of 2008 as it starts to recover from billions of dollars lost on bad mortgages.

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GMAC posts 1Q profit, plans to rename itself Ally (AP)

File - In this file photo taken Thursday, April 30, 2009, a GMAC sign is shown at a GM/Chrysler dealership in Oakland, Calif. Home and auto lender GMAC Financial Services said Monday, May, 3, 2010, it made $162 million in the first quarter, its first quarterly profit in more than a year, as restructuring in its mortgage unit began paying off. (AP Photo/Paul Sakuma, file)AP – GMAC Financial Services on Monday posted its first quarterly profit in more than a year and announced plans to rename itself Ally Financial Inc., as the consumer lender aims to put a failed foray into the mortgage business behind it.

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FICO 2nd-qtr profit falls 27 pct as revenue drops (AP)

AP – FICO Inc., the financial services company formerly called The Fair Isaac Co., on Wednesday said its second-quarter profit fell 27 percent as revenue fell across all three of its business segments.

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Goldman Sachs hits back at mortgage profit allegations (AFP)

Embattled Wall Street investment giant Goldman Sachs hit back Sunday at claims that it used the US sub-prime mortgage crisis to make tens of millions of dollars in profit.(AFP/File/Richard A. Brooks)AFP – Embattled Wall Street investment giant Goldman Sachs hit back Sunday at claims that it used the US sub-prime mortgage crisis to make tens of millions of dollars in profit.

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US Senate panels releases Goldman Sachs emails (AFP)

Wall Street titan Goldman Sachs made huge profits during the financial meltdown through subprime, or higher-risk, mortgage backed securities that have been linked to the origin of the crisis, Senator Carl Levin said.(AFP/File/Richard A. Brooks)AFP – A US Senate investigative panel has released several emails that could prove embarrassing to Goldman Sachs as they suggest the Wall Street investment giant used the US sub-prime mortgage crisis to make tens of millions of dollars in profit.

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Sallie Mae posts 1st-qtr profit, increases lending (AP)

AP – Sallie Mae, the nation’s largest student lender, on Wednesday posted a profit for the first quarter, reversing a year-ago loss, as bad loans eased and it lent to more students.

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Borders Group 4Q profit doubles even though fall (AP)

AP – Book seller Borders Group Inc.’s fourth-quarter profit rose as it cut costs and enjoyed a tax benefit, even though its sales plunged, the company said Wednesday.

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Zurich Financial revises 2009 net profit upward (AP)

AP – Swiss insurer Zurich Financial on Thursday revised its annual net profit upward by $747 million, citing accounting changes related to hedging in the U.S. life insurance market.

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Ciber posts lower 4Q profit, sales (AP)

AP – Technology consulting company Ciber Inc. said Monday its fourth-quarter profit declined amid the difficult economy and because of a higher income tax rate than a year earlier.

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