Highlights
A collection of news and information related to Countrywide Financial Corp. published by Tribune Company sources.
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AP IMPACT: They warned us: US was told to 'expect foreclosures, expect horror stories'
Associated Press WriterWASHINGTON (AP) _ The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient...Tags: Government, Alan Greenspan, Investments, U.S. Department of Treasury, Mortgages
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Records show White House refused to stop bad loans long before crash
Associated Press WriterThe Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that...Tags: Government, Alan Greenspan, National Government, Mortgages, U.S. Department of Treasury
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Buffett's banking bets right on the money
Bloomberg NewsBloomberg News Billionaire Warren Buffett's decision to increase his stake in financial companies, including Wells Fargo & Co. and U.S. Bancorp, and avoid subprime lenders is paying off for Berkshire Hathaway Inc. Berkshire's bank-related investments...Tags: The Goldman Sachs Group Incorporated, Wells Fargo & Co., U.S. Bancorp, J.P. Morgan Chase & Co., Warren Buffett
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BofA boss' bad-news tour makes a stop in Chicago
Ken Lewis is getting a lot of attention these days as he gives voice to the gloom in the financial-services sector. The Bank of America boss has spread the bad news from "60 Minutes" to the Detroit Economic Club—imagine what a happy bunch that must...Tags: Layoffs and Downsizing, Manpower Incorporated, Chicago Jobs, Unemployment, J.P. Morgan Chase & Co.
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Government announces new loan aid
The Associated PressThe government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac. The Federal Housing...Tags: Wells Fargo & Co., U.S. Department of Treasury, Mortgages, Fannie Mae, Loans
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Citigroup to help at-risk borrowers stay in homes
The Associated PressCitigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in their homes -- making Citi the latest big bank to announce sweeping efforts to try to curtail losses from...Tags: Housing and Urban Planning, Mortgages, Nashville, Citigroup Incorporated, Banking
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IN BRIEF
Yahoo Inc. chief executive Jerry Yang will step down, following his failure to negotiate a proposed takeover by Microsoft Corp. and broker an online advertising agreement with Google Inc. Yahoo is searching for a replacement, the company said yesterday in...Tags: Microsoft Corp., Yahoo! Inc., Michael Garcia, Mail Order Industry, Google Inc.
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Massive bailout for mortgage holders planned
THE ASSOCIATED PRESSThe government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac. The plan, announced...Tags: Deutsche Bank AG, Wells Fargo & Co., Business, Mortgages, U.S. Department of Treasury
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Mortgage assistance plan could save the homes of many South Floridians
South Florida Sun-SentinelTroubled borrowers embroiled in the worst housing debacle in decades will get lifelines from the government and the banking industry. The Federal Housing Finance Agency and other agencies said Tuesday they plan to speed up the process for renegotiating...Tags: Homes, Money and Monetary Policy, Mortgages, Fannie Mae, Loans
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New Aid Plan Speeds Renegotiation Of Troubled Mortgage Loans
Associated PressThe government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans that Fannie Mae and Freddie Mac hold. The Federal...Tags: Money and Monetary Policy, Financial and Business Services, Freddie Mac, John Taylor, Mortgages
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More help on the way
Of The Associated PressThe government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac. The Federal Housing...Tags: Deutsche Bank AG, Mortgages, Corporate Officers, Fannie Mae, Loans
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Hillary and Arnold in the Obama administration
Today's question: Is there a role for Hillary Clinton in the White House? How about Arnold Schwarzenegger? Previously, Lilly and Weigel weighed potential Cabinet picks and discussed Rahm Emanuel's selection as chief of staff.
A step down for Clinton...Tags: Government, Environmental Pollution, George Bush, Rahm Emanuel , U.S. Environmental Protection Agency
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Nov 28, 2008
|Story| Chicago Tribune
Nov 21, 2008
|Column| Chicago Tribune
Nov 11, 2008
|Story| Associated Press
Nov 11, 2008
|Story| Associated Press
Nov 18, 2008
|Story| Newsday
Nov 11, 2008
|Story| Newsday
Nov 12, 2008
|Story| South Florida Sun-Sentinel
Nov 12, 2008
|Story| Associated Press
Nov 12, 2008
|Story| Allentown Morning Call
Nov 12, 2008
|Story| Los Angeles Times
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