| Personal Finance Headlines |
| ALL BUSINESS: Mortgage-bond guru hit by loan bust
(AP)
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| AP - Lewis Ranieri is credited with inventing mortgage-backed securities two decades ago, and recently he sounded warnings about mortgage risks. Yet he couldn't save his own company from getting tangled in the real-estate loan bust. -- read full article |
| Fri, 23 May 2008 16:49:29 GMT - Yahoo! News: Personal Finance News |
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| Stocks: The Great Rebate Race
(BusinessWeek Online)
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| BusinessWeek Online - The U.S. government is so eager to jump-start the economy with its stimulus package that the Treasury Dept. is even mailing rebate checks to the recently deceased. George Paquin, a financial planner in Chelmsford, Mass., is certain that one former client, who died last year, would have deposited the check in his bank account. But his daughter and executor will probably spend it on furnishings for her new home. Dead or alive, a customer with a rebate check would be a welcome sight at many retailers. ... -- read full article |
| Thu, 22 May 2008 12:08:42 GMT - Yahoo! News: Personal Finance News |
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| Moody's launches inquiry after rating error report
(Reuters)
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| Reuters - Moody's Investors Service, already under
fire over its role in the U.S. mortgage crisis, took another
blow on Wednesday as it launched an external investigation
after a report that it wrongly assigned triple-A ratings to
complex European debt products. -- read full article |
| Wed, 21 May 2008 23:20:00 GMT - Yahoo! News: Personal Finance News |
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| Sallie Mae to continue federal student lending: WSJ
(Reuters)
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| Reuters - SLM Corp , the student lender better
known as Sallie Mae, plans to continue to make federally
guaranteed student loans, ending fears the company might join
the recent exodus from a market that has been rocked by the
credit crisis, the Wall Street Journal said on Thursday. -- read full article |
| Thu, 22 May 2008 07:11:13 GMT - Yahoo! News: Personal Finance News |
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| The U.S. Recession Hits Home -- in Mexico
(BusinessWeek Online)
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| BusinessWeek Online - In better times, the money Martimiano Pineda wired back to Purechucho from roofing jobs in Florida coated his dirt floor with cement and paid for a home computer. Now, as the subprime mortgage crisis slows housing construction in the U.S., Pineda, 40, struggles to find work and can barely send enough money to his family in Mexico to buy the yogurt meant to help his 5-year-old son grow up strong. -- read full article |
| Tue, 20 May 2008 12:08:42 GMT - Yahoo! News: Personal Finance News |
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| Fannie CEO sees steep home-price drop
(AP)
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| AP - Fannie Mae's CEO told shareholders Tuesday that the housing market is "about halfway through" its crisis and home prices could fall as much as 25 percent before the worst is over. -- read full article |
| Tue, 20 May 2008 20:25:07 GMT - Yahoo! News: Personal Finance News |
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| UBS sells subprime, Alt-A debts to Blackrock
(AFP)
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| AFP - Swiss banking giant UBS said Wednesday it had completed the sale of 15 billion dollars (9.58 billion euros) of subprime and Alt-A US residential mortgage-backed securities to a fund managed by BlackRock.
-- read full article |
| Wed, 21 May 2008 06:46:26 GMT - Yahoo! News: Personal Finance News |
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| UBS sells subprime debts to Blackrock
(AFP)
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| AFP - Swiss banking giant UBS said on Wednesday it had disposed of US mortgage-related assets for 15 billion dollars (9.58 billion euros), a price that is 30 percent below the nominal value, to a fund managed by US investment group BlackRock.
-- read full article |
| Wed, 21 May 2008 09:58:15 GMT - Yahoo! News: Personal Finance News |
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