Morgan Stanley Gets a Management Shake-Up
New York Times - Tue Dec 8, 6:50 pm ETJames P. Gorman, who will become chief executive on Jan. 1, is moving to position the bank to better compete against its Wall Street rivals.
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James P. Gorman, who will become chief executive on Jan. 1, is moving to position the bank to better compete against its Wall Street rivals.
Dec. 8 (Bloomberg) -- A majority of the 3.2 million borrowers targeted by the U.S. Treasury Department for mortgage relief under the administration’s foreclosure prevention program are unlikely to qualify, an agency official said.
The Federal Housing Finance Agency, federal mortgage regulator, says that Orange County home values were falling at a 7% annual rate (OK, 6.94% to be precise) in the third quarter.
There is much more to the 'Dubai episode' than meets the eye. Did you know that the market's decline was nearly one day delayed and that the worst piece of news was actually met with rising prices?
House lawmakers want to narrow FDIC power to impose losses on secured creditors. Read more...
Surf City mortgage broker says the effect will be negative.
Federal Reserve chairman Ben Bernanke said Monday he's confident the Federal Reserve will make money on the trillions it has pumped into the economy since the start of 2008.
If there's any place among the industrialized Western economies where disappointment and dread outstrip the U.S. gloom, it's in the U.K.
FRONT PORCH BLOG: Also in Tuesday’s Top 5 real estate stories: Sherwood pushes back downtown redevelopment by three years / Delinquencies among commercial, multi-family loans up in Q3 / HAMP is ‘Destined to Fail’ / Suits and liens
How FHA borrowers can cut monthly mortgage payments.
An internationally recognized economist visited CCSU last week to explain how the world got into the current economic crisis and the steps to be taken on the way out.
Freddie Mac - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Freddie Mac. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors.
Last week, we witnessed Ben Bernanke's Senate confirmation hearings for a second term as Fed Chairman. The air was thick with hypocrisy, as Senators vied with each other to cast blame on the Fed Chairman for the fiscal mistakes of the Congress.
Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
(Bloomberg) -- Mortgage rates for fixed 30-year loans in the U.S. dropped to a record low amid signs that the housing market is beginning to emerge from the worst slump since the 1930s.
NEW YORK----Fitch Ratings has assigned a rating of 'AAA' to the $102,000,000 Vermont Housing Finance Agency mortgage revenue bonds , series 2009A . The Rating Outlook for the bonds is Stable.