Displaying 36 results
Bill proposed to refinance at-risk borrowers
The legislation would let the Federal Housing Administration ensure and guarantee refinanced mortgages that have been written down by lenders.
Paulson maps way out of mortgage woes
The Treasury secretary called on lenders to continue issuing loans, even if it means cutting back on dividends.
FBI investigating Countrywide
The probe focuses on whether Countrywide's management misrepresented the quality of mortgages in routine securities filings.
Merrill to shutter subprime unit
Merrill Lynch & Co. Inc. will close its First Franklin subprime-mortgage lending unit, in a move that will eliminated 650 jobs.
Act now to end subprime mess, Fed prez says
“There may be a significant cost to delaying needed actions that could restore confidence in the ratings process, said Eric Rosengren.
SEC eyes ‘egregious’ subprime moves
The SEC is looking at bond insurers along with other financial companies in some three dozen investigations.
Bernanke: Lenders should give helping hand
Financial services and mortgage companies must do more to reduce preventable home foreclosures, Fed chief Ben S. Bernanke said.
Subprime meltdown is economists’ chief worry
Over half of the 529 economists the surveyed by NABE thought subprime mortgages were the biggest short-term concern.
Report: Merrill to wind down subprime unit
The firm will close down most of First Franklin Financial, its subprime-mortgage lending unit business, according to CNBC.
UBS posts loss; Sun Life’s earnings increase
UBS reports a record $11.3 billion fourth quarter loss.
Major banks to assist at-risk homeowners
“Project Lifeline” will apply to those who are three months late on their housing payments.
G-7: $400 billion newest subprime tab
Financial institutions around the world could face a cumulative $400 billion in write-offs, according to the Group of Seven.
SEC eyes disclosure on subprime loans
"Who knew what when, and what did they disclose to the marketplace?" asked an official heading the subprime working group.
Authorities scrutinize Merrill Lynch
The U.S. attorney's office is examining whether Merrill mispriced holdings of mortgage-backed bonds.
Subprime losses may top $265B, S&P says
Standard & Poor's has downgraded — or threatened to downgrade — more than 8,000 mortgage investments.
FBI jumps into the subprime fray
This investigation will focus on shady business practices including insider trading, securitization of loans and fraud.
