Archive for September, 2011

US sues major banks over subprime bond loss of near $200bn

Monday, September 5th, 2011

A US regulator has sued more than a dozen major banks over losses on nearly $200bn of subprime bonds, which may hamper a broader government settlement of the mortgage mess left over from the housing crisis.---read the article

Brazil slows in Q2 as boom fades, headwinds gain pace

Sunday, September 4th, 2011

A US regulator has sued more than a dozen major banks over losses on nearly $200bn of subprime bonds, which may hamper a broader government settlement of the mortgage mess left over from the housing crisis.---read the article

Banks stocks lead market lower, ending 4-day rally

Saturday, September 3rd, 2011

NEW YORK -- Stocks fell Thursday, ending a four-day rally, after regulators took action against a former Goldman Sachs subsidiary over its mortgage and foreclosure practices. Traders were also nervous that a jobs report due out Friday could revive worries of another recession in the U.S. read more---read the article

Mortgages Hit Record; Signal Refinance

Friday, September 2nd, 2011

With mortgage rates at historical lows, why aren't more people refinancing their home loans?---read the article

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