Mortgage finance firm cuts quarterly dividend as it moves to shore-up capital in the face of losses.
NEW YORK (CNNMoney.com) -- Mortgage financer Fannie Mae warned Tuesday that the tumbling home values and loan defaults that ...
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fannie mae, freddie mac, mortgage crisis May 6th, 2008
Finance company GMAC LLC, which is partly owned by General Motors Corp., is negotiating terms of a a $3.5 billion loan for its struggling mortgage subsidiary Residential Capital LLC to keep it out of bankruptcy ...
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Mortgage lender Countrywide Financial Corp (CFC.N: Quote, Profile, Research) on Tuesday defended its treatment of borrowers who have filed for bankruptcy and pledged to hire an independent auditor to review the company's practices.
"This type of ...
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AP
LOS ANGELES (AP) — Countrywide Financial Corp. said Tuesday it lost $893 million in the first quarter, as rising loan defaults amid a deepening housing downturn forced the nation's largest mortgage lender and servicer to ...
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The Associated Press
CLEVELAND (AP) — National City Corp., a largely Midwestern bank reeling from steep mortgage losses, said Monday it had secured a $7 billion cash infusion from equity investors but slashed its dividend and ...
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The Mortgage Bankers Assn. says the measure would raise interest rates, but critics contend this claim is based on faulty data.
Sherrie Floyd says she was able to handle the first reset on the $505,000 mortgage ...
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Citigroup reports another quarterly loss after getting slammed by souring debt
NEW YORK (AP) -- Citigroup Inc. said Friday it lost $5.1 billion during the first quarter as poor bets on mortgages and leveraged loans lopped ...
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Sallie Mae loses $104M in 1Q, misses Wall Street estimates, sets aside $137M for loan losses
WASHINGTON (AP) -- Sallie Mae lost $104 million in the first quarter and fell short of Wall Street's expectations amid ...
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SAN FRANCISCO (MarketWatch) -- Wachovia Corp could announce as soon as Monday that it is getting a capital infusion of as much as $ billion dollars from outside investors, according to a media report. terms of ...
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Boston.com
The latest victim of the mortgage crisis? How about the Mortgage Bankers Association. The trade group is scheduled to close on a new $100 million headquarters in Washington, D.C. this spring. But what once seemed ...
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