Posted by MORTGAGE BLOG NEWS on March 5, 2011
Top bank executives can expect a grilling when they appear before a congressionally appointed panel investigating the causes of the 2008 financial collapse.
Four of Wall Street’s most powerful leaders — Goldman Sachs Group Inc. Chairman-CEO Lloyd Blankfein, JPMorgan Chase & Co. CEO James Dimon, Morgan Stanley Chairman John Mack and Bank of American Corp. CEO-President Brian Moynihan — were to give sworn testimony before the Financial Crisis Inquiry Commission, which was holding its first session Wednesday. » Read more…
Posted by MORTGAGE BLOG NEWS on March 5, 2011
A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages. » Read more…
Posted by MORTGAGE BLOG NEWS on March 5, 2011
President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. “We want our money back,” he said. » Read more…
Posted by MORTGAGE BLOG NEWS on March 5, 2011
Shiseido Co. is buying San Francisco-based Bare Escentuals Inc. in a $1.7 billion deal that brings together one of the world’s oldest cosmetics companies with a hip, rising star. » Read more…
Posted by MORTGAGE BLOG NEWS on March 5, 2011
The U.S. government is taking action to speed the resale of foreclosed properties by temporarily expanding access to Federal Housing Administration mortgage insurance, U.S. housing officials said on Friday. » Read more…