San Diego City Attorney Michael Aguirre said Wednesday he filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a "foreclosure sanctuary."
San Diego's city attorney said on
Wednesday he filed a lawsuit against Bank of America Corp
<BAC.N> and its Countrywide unit to prevent the mortgage
lenders from foreclosing on homes in the city, which he aims to
make a "foreclosure sanctuary."
Wednesday, 23 Jul 2008 | Source: The Associated Press
Shares of most national banks mostly rose Wednesday, despite Washington Mutual Inc. and Wachovia Corp. reported wider-than-expected second-quarter losses a day earlier.
Wednesday, 23 Jul 2008 | Source: The Associated Press
Industry data to be released Wednesday will show whether home loan applications continued to rise as mortgage rates fell last week.
Tuesday, 22 Jul 2008 | Source: The Associated Press
Surprisingly large second-quarter losses at Wachovia Corp. and Washington Mutual Inc. have quickly revived concerns that the financial sector still has a long way to go before it recovers from the year-old credit crisis.
Tuesday, 22 Jul 2008 | Source: The Associated Press
One of 38 people charged in a global crime ring that allegedly stole personal information from unsuspecting Internet users pleaded guilty Tuesday to a federal fraud charge.
Tuesday, 22 Jul 2008 |
Posted By:
Cindy Perman |
Source: CNBC.com
Stocks surged in the final hour of trading as a sharp drop in oil prices and an analyst note prompted a late rally in financials. The Nasdaq eked out a gain but investors still punished select techs, including Apple and Texas instruments after the firms dispatched disappointing results.
Tuesday, 22 Jul 2008 | Source: The Associated Press
The head of a major mortgage industry trade group is stepping down after more than seven years at the organization and is being replaced by the former president of a California mortgage company that shut down last year.
Monday, 21 Jul 2008 | Source: Reuters
By Kristina Cooke
Monday, 21 Jul 2008 | Source: The Associated Press
Bank of America Corp. has become the latest in a string of big banks whose second-quarter earnings, while hurting from the impact of the credit crisis, still managed to beat Wall Street expectations.
Monday, 21 Jul 2008 | Source: Reuters
Bank of America's quarterly profit fell less than expected despite a surge in bad loans, causing shares of the largest U.S. retail bank and mortgage lender to soar. Saturday, 19 Jul 2008 | Source: The Associated Press
Merrill Lynch & Co. Chief Executive John Thain is making a pitch to Wall Street: Buy the brokerage's shares while they're still cheap. But investors don't seem ready to listen.
Friday, 18 Jul 2008 | Source: The Associated Press
Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss that was smaller than expected.
Friday, 18 Jul 2008 | Source: Reuters
Investors interested in buying and selling U.S. bank stocks based on the performance of the underlying businesses might well have gone on holiday this week -- and might stay there next week.