Mortgage and Financial News From 2008-7-12 Page 10
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Ex-loan officer, assistant indicted in Bellevue mortgage scam - Seattle Times
A former loan officer at a Bellevue mortgage company and his assistant have been indicted on charges of conspiracy and wire fraud in a scheme that prosecutors say involved using straw buyers to purchase dozens of homes at inflated prices and ...
2008-07-12 12:00:00 -
Oil prices, lenders' woes roil stocks - Boston Globe
Stock markets took a wild ride yesterday after oil prices briefly touched a new high and investors worried that the nation's mortgage giants, Fannie Mae and Freddie Mac , may not have enough money to withstand future losses. The Dow Jones industrial ...
2008-07-11 09:08:00 -
Worries batter mortgage giants - Baltimore Sun
The speculation swirling around mortgage giants Fannie Mae and Freddie Mac - whether they're in danger, whether the government might have to take them over - is one more blow to an already battered housing market. With jittery investors sending ...
2008-07-12 12:22:00 -
Key US mortgage lender goes bust - BBC News
One of the largest US mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis. Federal regulators seized the bank's assets, fearing it might not be able to meet withdrawals by depositors.
2008-07-11 11:32:00 -
BoA's Ken Lewis: ‘More pain and time’ - Los Angeles Times
» Discuss Article Bank of America Chief Executive Ken Lewis stopped by The Times this week to discuss with editors and reporters his company's approach to the housing crisis and its takeover of troubled mortgage lender Countrywide Financial Corp ...
2008-07-10 11:47:00 -
Fannie, Freddie: 45% and sinking fast - CNN Money
NEW YORK (CNNMoney.com) -- The growing anxiety over Fannie Mae and Freddie Mac escalated on Friday as shares of the mortgage finance giants plunged in early trading. Immediately after the market open shares of Fannie ( FNM , Fortune 500 ) and Freddie ...
2008-07-11 06:21:00 -
Key US mortgage lender goes bust - BBC News
The failure came on a day when shares in the two biggest US home loan institutions - Freddie Mac and Fannie Mae - fell at one stage by almost 50%. IndyMac had been struggling to raise funds and stay in business in one of the states worst hit by the ...
2008-07-11 11:32:00 -
Stocks slump on U.S. mortgage firm jitters - Reuters UK
NEW YORK (Reuters) - Fears about the worsening health of the two largest U.S. mortgage finance companies slammed global stocks and the dollar on Friday spurred by a report of a possible government takeover that could trim or eliminate the value of ...
2008-07-11 10:41:00