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    Personal Finance Headlines
    Calif AG sues Countrywide over alleged loan scheme (Reuters)

    A Countrywide branch location is seen in Burlington, Massachusetts May 5, 2008. (Brian Snyder/Reuters)Reuters - California Attorney General Jerry Brown sued Countrywide Financial Corp and two top officers on Wednesday to stop the mortgage loan company from allegedly perpetrating a scheme to "mass produce loans for sale on the secondary market."


    -- read full article
    Wed, 25 Jun 2008 15:21:40 GMT - Yahoo! News: Personal Finance News
    Illinois AG sues Countrywide over lending practices (AP)
    AP - Illinois Attorney General Lisa Madigan contends that thousands of Illinois homeowners paid a steep price for Countrywide Financial's "desire to dominate the marketplace." -- read full article
    Wed, 25 Jun 2008 16:53:44 GMT - Yahoo! News: Personal Finance News
    Countrywide shareholders approve takeover by BofA (AP)

    A Countrywide branch location is seen in Burlington, Massachusetts May 5, 2008. (Brian Snyder/Reuters)AP - Countrywide Financial Corp. says stockholders controlling a majority of the mortgage lender's outstanding shares have approved the company's takeover by Bank of America Corp.


    -- read full article
    Wed, 25 Jun 2008 16:36:01 GMT - Yahoo! News: Personal Finance News
    Buffett sees opportunities in subprime business (Reuters)
    Reuters - Warren Buffett, chief executive of Berkshire Hathaway (BRKa.N) (BRKb.N), sees some opportunities for investing in the subprime mortgage business, he told Reuters in an interview. -- read full article
    Wed, 25 Jun 2008 16:46:25 GMT - Yahoo! News: Personal Finance News
    Calif. attorney general sues Countrywide Financial (AP)
    AP - Countrywide Financial Corp. is accused of using misleading advertising and other unfair business practices to trick borrowers into taking on risky home loans they didn't fully understand in a lawsuit filed Wednesday by the California attorney general's office. -- read full article
    Wed, 25 Jun 2008 16:58:01 GMT - Yahoo! News: Personal Finance News
    Countrywide shareholders OK sale to Bank of America (AFP)

    A woman walks past an office of Countrywide banking and home loans in Sun City, Arizona in 2007. Shareholders of Countrywide Financial approved the sale Tuesday of the largest US mortgage lender to Bank of America, marking the latest shakeup in the troubled sector.(AFP/File/Richard A Brooks)AFP - Shareholders of Countrywide Financial, the largest US mortgage lender at the center of the housing crisis, approved its sale Wednesday to Bank of America, marking the latest shakeup in the troubled sector.


    -- read full article
    Wed, 25 Jun 2008 18:03:37 GMT - Yahoo! News: Personal Finance News
    Countrywide sued for unfair lending; buyout approved (Reuters)

    A Countrywide branch location is seen in Burlington, Massachusetts, May 5, 2008. (Brian Snyder/Reuters)Reuters - Countrywide Financial Corp was sued for alleged deceptive mortgage lending by officials in its home state of California and in Illinois on Wednesday, the same day its shareholders approved the company's takeover by Bank of America Corp .


    -- read full article
    Wed, 25 Jun 2008 18:39:22 GMT - Yahoo! News: Personal Finance News
    SEC proposes reduced reliance on credit raters (Reuters)
    Reuters - Securities regulators proposed weaning investors and Wall Street institutions from over-reliance on credit ratings, part of changes to the rating industry prompted by the subprime mortgage crisis. -- read full article
    Wed, 25 Jun 2008 18:41:59 GMT - Yahoo! News: Personal Finance News
    Senate seen approving housing rescue bill (Reuters)

    A foreclosed home is seen in Stockton, California in this May 13, 2008 file photo. (Robert Galbraith/Files/Reuters)Reuters - The Senate was expected to approve as soon as Wednesday the biggest government program yet to tackle a deep housing market slump feared to be dragging the economy into recession.


    -- read full article
    Tue, 24 Jun 2008 21:23:52 GMT - Yahoo! News: Personal Finance News
    Kodak to buy back $1 billion in shares (AP)
    AP - Eastman Kodak Co. said Tuesday it is buying back up to $1 billion, or about a quarter, of its outstanding stock, by tapping a $581 million tax refund and a cash surplus the picture-taking pioneer has amassed since selling its health-imaging business early last year. -- read full article
    Tue, 24 Jun 2008 20:34:54 GMT - Yahoo! News: Personal Finance News
    Ill. AG to sue Countrywide over lending practices (AP)

    A woman walks past an office of Countrywide banking and home loans in Sun City, Arizona. Countrywide Financial, the largest mortgage lender at the center of the US housing crisis, regularly gave loans on favorable terms to prominent lawmakers and former cabinet members, according to US media.(AFP/File/Richard A. Brooks)AP - The nation's biggest mortgage lender engaged in "unfair and deceptive" practices to get homeowners to apply for risky mortgages far beyond their means, according to a civil lawsuit Illinois' attorney general planned to file Wednesday.


    -- read full article
    Wed, 25 Jun 2008 03:41:06 GMT - Yahoo! News: Personal Finance News
    Countrywide shareholders set to vote on BofA takeover (AP)

    A Countrywide branch location is seen in Burlington, Massachusetts May 5, 2008. (Brian Snyder/Reuters)AP - Bank of America Corp.'s takeover of Countrywide Financial Corp. could be wrapped up as early as next week, but first it must clear one last hurdle — getting the OK from the struggling mortgage lender's shareholders.


    -- read full article
    Wed, 25 Jun 2008 04:22:28 GMT - Yahoo! News: Personal Finance News
    Illinois to sue Countrywide and CEO Mozilo (Reuters)

    Counrtrywide Financial Corporation founder and CEO Angelo Mozilo testifies before the House Committee on Oversight and Government Reform on Capitol Hill in Washington March 7, 2008. (Kevin Lamarque/Reuters)Reuters - The Illinois attorney general's office plans to sue Countrywide Financial Corp and Chief Executive Angelo Mozilo on Wednesday, claiming the troubled mortgage lender engaged in deceptive trade practices.


    -- read full article
    Wed, 25 Jun 2008 04:27:38 GMT - Yahoo! News: Personal Finance News
    Kodak sets $1 billion stock buyback, stock jumps (Reuters)

    A Kodak Easyshare M863 digital camera is seen in an undated handout photo. (Eastman Kodak/Handout/Reuters)Reuters - Eastman Kodak Co said on Tuesday it would buy back up to $1 billion of its stock, driving the photography company's share price up nearly 17 percent from historical lows.


    -- read full article
    Tue, 24 Jun 2008 18:24:57 GMT - Yahoo! News: Personal Finance News
    Senate housing rescue bill clears key test vote (Reuters)

    A foreclosed home is seen in Stockton, California in this May 13, 2008 file photo. (Robert Galbraith/Files/Reuters)Reuters - U.S. Senate backers of a housing bill that the White House opposes cleared a procedural hurdle on Tuesday, moving toward expected passage of the measure that would create a multi-billion dollar mortgage refinancing fund.


    -- read full article
    Tue, 24 Jun 2008 16:06:15 GMT - Yahoo! News: Personal Finance News
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