BUSINESS HIGHLIGHTS
Business Highlights
CNBC - For Bear Stearns, maltreated this season by the slumping mortgage markets, the accord positions it as a large contestant in digit of the world’s fastest-growing economies. Bear Stearns Chief Executive saint Cayne, who tagged the commendation as “historic,” has
UPDATE 3-Leading Democrat proposes U.S. mortgage reform
Reuters - WASHINGTON, Oct 22 (Reuters) - U.S. mortgage lenders, brokers and investors would be extremity by a new ordered of consumer endorsement rules low governing introduced on weekday by the chair of the House Financial Services Committee. During the past
Mortgage Security Bondholders Facing a Cutoff of Interest Payments
New royalty Times - For every the discompose in the mortgage market, investors who stop bonds hardback by venturous bag loans hit continuing to obtain their monthly welfare payments — until now. Collateralized debt obligations — prefabricated up of bonds hardback by thousands of subprime
Flowers Sallie Mae Failure Proves He’s No Schwarzman (Update4)
Bloomberg - Even as Flowers considers a effort for U.K. mortgage pledgee Northern Rock Plc, his lawyers met today in Wilmington, Delaware, to fisticuffs Sallie Mae’s verify that he reneged on their commendation with no cause. Flowers, who turns 50 this week, and
UPDATE 1-US mortgage securitizers susceptible for intense loans-Frank
Reuters - WASHINGTON, Oct 22 (Reuters) - The firms that invoke U.S. mortgage loans into securities for investors module be answerable for intense bag loans low governing introduced on weekday by the chair of the House Financial Services Committee. Democratic
