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mortgage crisis

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The Mortgage Crisis Delivers a Hit to Solar Firms: The mortgage crisis roiling financial markets is now causing new casualties in an unexpected sector -- solar-power firms that cater to the home and small-business markets. Akeena Solar, one of the largest solar-system installers in the U.S., just reported a wider-than-expected quarterly loss due to higher operating...; Tags: Consumer, U.S., Small Business, Mortgage Crisis, Taxes, Fuel Cells, Financial Accounting, Telecom & Utilities, Investment, Financial Planning, Finance, Emerging Technologies, David Phillips; Blog posts 2008-05-13
Mortgage Lenders Should Be Doing Better PR: As the mortgage crisis rolls along, I've been surprised at the relative lack of positive PR from the mortgage industry. Maybe they are just too busy righting their ships to worry about PR, but it seems to me that they ought to have been out there with some positive...; Tags: Mortgages, Jon Greer, public relations, mortgage crisis; Blog posts 2007-12-27

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Mozilo hit with civil charges after sub-prime collapse: Business News IN BRIEF *Angelo Mozilo, founder of Countrywide Financial, until last year the biggest mortgage lender in the US, is facing civil charges in two states over claims that he turned a blind eye to fraudulent lending practices that have saddled millions of homeowners with mortgages...; Articles 2008-06-26
Countrywide shareholders OK sale to Bank of America: WASHINGTON 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. Meanwhile, the state of California announced a lawsuit against Countrywide for deceptive and...; Articles 2008-06-25
Hot resorts cool down: Mortgage crisis spooking high-end: PARK CITY -- With the developer forced into bankruptcy, Hugh Smith worries about the $1 million he and a partner sank into bare lots at Promontory, a half-built, sprawling residence club in a post- Olympic town saturated with second homes for wealthy baby boomers. As Promontory began...; Articles 2008-06-25

Mortgage approvals slump 20% to new low: More housing misery on both sides of the Atlantic puts pressure on policymakers The number of mortgages approved for house purchases slumped to an all-time low in May, leading lenders warned yesterday, as Britain's housing market crisis took a turn for the worse. The...; Articles 2008-06-25
A Year into the Mortgage Meltdown, New Report Analyzes Housing Market Crisis and Federal Response: June 25 National Press Club Event, Teleconference Announce Findings of Demos Report Praising the Dodd/Frank Plan but Calling for Additional Measures WASHINGTON -- Demos: Time: 1PM EDTDial in number: (888) 491-8283Conference ID: 53531509 With millions of American families facing foreclosure and the U.S. Senate moving toward...; Articles 2008-06-25
Bank of America CEO Kenneth Lewis to Address Mortgage Markets: Kenneth D. Lewis, Chief Executive Officer,Chairman and President of Bank of America , will deliver his address"Mending Our Mortgage Markets" at TOWN HALL Los Angeles on Wednesday, July 9,at the Omni Los Angeles Hotel . On the current housing crisis, Lewis states, "Excesses in financial marketsare not new. But...; Articles 2008-06-25
WALL STREET FEELS THE HEAT: The US government is taking action against people involved in the sub-prime mortgage crisis that has infected the entire financial system and which threatens a recession. By Stephen Foley Business Analysis It's that time of the boom-and-bust cycle when the Feds crack out...; Articles 2008-06-24
Luminent Reports Projections of Portfolio Cash Flow: PHILADELPHIA, June 24 /PRNewswire-FirstCall/ -- Luminent Mortgage Capital, Inc. (BULLETIN BOARD: LUMC) reported today that it expects principal and interest cash flows on its portfolio of mortgage-backed securities of $31.3 million over the next 12 months. "We are pleased with the progress we have made...; Articles 2008-06-24
Toyota's US sales may fall for second year: executive: TOKYO AFP — Japan's Toyota Motor, in a close race with General Motors for the title of the world's top automaker, may suffer a decline in US sales for a second straight year, a top executive warned on Tuesday. The Japanese auto giant has previously said it aims...; Articles 2008-06-24
Bank Marketing Online: Moving into Prime Position: DUBLIN, Ireland -- Research and Markets http://www.researchandmarkets.com/research/89edcc/bank_marketing_onl has announced the addition of eMarketer's new report "Bank Marketing Online: Moving into Prime Position" to their offering. The US consumer banking sector--beset by credit woes, fallout from the mortgage crisis and an economic slowdown--is in turmoil. One area is a...; Articles 2008-06-23
Fauquier Bankshares Named in Top Banks: WARRENTON, Va., June 23 /PRNewswire-FirstCall/ -- Fauquier Bankshares, Inc. claimed the 104th spot in the nation's Top 200 Community Banks and Thrifts, as ranked by U.S. Banker magazine in its June 2008 edition. The magazine evaluated approximately 1,115 community banks and thrifts nationwide, a 255 increase in the...; Articles 2008-06-23
Forrester: Consumers' Rankings Of Financial Institutions Fall To Lowest Levels In Five Years: Fifth Annual Customer Advocacy Rankings Released At Forrester's 2008 Financial Services Forum For Marketing And Strategy Professionals NEW YORK -- Fewer consumers think their financial services providers have their best interests at heart, according to Forrester Research, Inc.'s (Nasdaq: FORR) fifth annual customer advocacy scorecard. Based on a...; Articles 2008-06-23
Entrepreneurs -- Awards honor business founders' achievements in: Al Switzler doesn't exactly think it's the best of times for entrepreneurs these days, with the weak dollar, gas prices soaring and the mortgage crisis ballooning. But he doesn't think it's the worst of times, either. "I'm reading the paper and seeing on the...; Articles 2008-06-22
City's agressive crackdown on tax delinquents questioned: For a city and nation in the grip of the home-foreclosure crisis, Barbara Pearsall's situation seems like a familiar one: She is hopelessly behind on her bills, and barring some sudden financial windfall, the recovering stroke victim will lose her small South Philadelphia rowhouse in a matter of months. But...; Articles 2008-06-20
Subprime fallout spreads to auto industry: Buying a home isn't the only thing that's become more difficult since the subprime mortgage crisis led to tighter credit standards. What consumers have to bring to the table to qualify for a car loan has changed, too. "The good news is that for...; Articles 2008-06-20
Mortgage fraud probe snares 406 suspects: WASHINGTON -- More than 400 mortgage fraud suspects allegedly linked to an estimated $1 billion in losses have been charged since March 1 as part of the Justice Department's mounting inquiry into the national home loan crisis, top federal officials said Thursday. Of the 406 people charged, nearly...; Articles 2008-06-20
Bear Stearns fund chiefs face New York judge: Two former Bear Stearns hedge fund managers took the first perp walk of the credit crisis, as the FBI paraded them in front of the worlds media to face charges of misleading investors and insider dealing. With the reputation of Wall Street sinking in the eyes of...; Articles 2008-06-20
Lawmakers receive analysis of need for affordable housing: State lawmakers Wednesday received a detailed analysis of the need for more affordable housing options in Utah, especially in the wake of the recent home-mortgage crisis. Members of the Political Subdivisions Interim Committee heard from advocates who support increased development of affordable housing across the state. Gordon...; Articles 2008-06-19

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