Bad Credit Mortgage News

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NEW YORK (Reuters) - Lehman Brothers Holdings Inc is looking at cutting some 1,200 jobs in its latest round of cost cutting, a person familiar with the matter said, as weak ...

Lehman looking at cutting some 1,200 jobs: source - Reuters

SYDNEY, Aug 29 (Reuters) - Australian shares rose 1.4 percent on Friday, led higher by financial stocks such as Macquarie Group Ltd <MQG.AX>, as concerns about the global economy ...

Aussie stocks rise 1.4%, financials lead gains - ninemsn

The mortgage mess isn't causing our worsening economic condition; it's a symptom of a far more serious problem. The stock market rallied today after President Bush announced a deal ...

Subprimes: From Bad to Worse - Newsweek

WASHINGTON â€” U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. Data from the U.S. Office of ...

S&Ls lose $5.4B, set aside billions more to cover bad loans - Nashville Tennessean

Daniel Mudd will continue to serve as Fannie Mae's CEO. (Manuel Balce Ceneta - AP) Struggling mortgage giant Fannie Mae shook up its senior management yesterday, announcing the ...

Fannie Shuffles Its Top Leaders - Washington Post

U.S. thrifts' loss second largest | Institutions lost $54.B in 2nd quarter, set aside a record amount for bad mortgage, other loans. | detnews.com | The Detroit News

U.S. thrifts' loss second largest - Detroit News

(PhysOrg.com) -- Banks have played a big role in the mortgage crisis, not only because they issued loans to suspect borrowers, but because many originated and sold bad loans to ...