Nov
Reuters - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by Wachovia Corp — another possible victim.
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Nov
Reuters - U.S. life insurer MetLife Inc disclosed information about its commercial mortgage portfolio on Wednesday in an effort to soothe investors that have become increasingly skittish about investments by insurers in commercial property debt.
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Nov
Reuters - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
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Nov
Reuters - Stocks fell on Wednesday as financial shares tumbled and uncertainty over a possible rescue for the auto industry fueled concerns about the deepening economic slump.
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Nov
Reuters - Stocks fell further on Wednesday after the Federal Reserve slashed its growth forecasts through 2009 and minutes from the Fed’s recent policy meeting showed officials believed more interest rate cuts may be needed as the economy falters.
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Nov
Reuters - The U.S. Department of Housing and Urban Development will loosen terms of its foreclosure-prevention effort so that the program, meant to backstop $300 billion in home loans, can be more effective, the agency said on Wednesday.
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Nov
Reuters - Actions to support consumer lending could be a productive next step to help repair financial markets, Treasury Department financial rescue package administrator Neel Kashkari said on Wednesday.
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Nov
Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.
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Nov
Reuters - Stocks tumbled on Wednesday as dimming hopes for a rescue of the auto industry added to concerns about the deepening economic downturn.
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Nov
Reuters - U.S. stocks fell on Wednesday as fears about the diminishing prospects for a U.S. auto industry rescue grew, offsetting some gains in defensive stocks like drugs.
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