Tuesday, August 3rd, 2010
The biggest banks are adding government-backed mortgage bonds at the fastest pace in 18 months, breaking with an unusual pattern in which they shunned the debt as their loan portfolios shrank during the economic slump, according to Barclays Plc.---read the article
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Thursday, July 29th, 2010
The Securities and Exchange Commission on Thursday charged financial giant Citigroup (C) with misleading investors over the bank's failure to disclose its massive exposure to subprime mortgage-related securities during the height of the financial crisis. The bank settled with the agency, agreeing to pay $75 million in fines and charges.---read ...
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Wednesday, July 21st, 2010
(AP:NEW YORK) Better payment rates for mortgages, auto loans and credit cards helped lift consumer-focused Wells Fargo & Co.'s second-quarter profit by 12 percent.---read the article
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Tuesday, July 20th, 2010
How high and how fast will rates move? Plus, what keeps David Rosenberg awake at night. And, why getting a U.S. mortgage is tougher when you're pregnant---read the article
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Friday, July 9th, 2010
Goldman Sachs Group Inc. was accused in a lawsuit by Liberty Mutual Insurance Co. of misleading investors in 2007 when it sold Fannie Mae preferred shares while betting against the U.S. mortgage market.---read the article
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