Countrywide Investigation; Lehman Layoffs; FNMA Eurasian Panhandling
Those 3 little words... no not "I Love You", "Your Under Investigation."...
Countrywide is being investigated for whether it misrepresented its financial condition and the quality of its loans in securities filings.
The largest U.S. mortgage lenders $1.5 Trillion loan book was bought for $6 billion,
but some investors still expect Bank of America to renegotiate the merger or walk away.
Lehman Layoffs... Lehman Brothers had eliminated close to 4,000 jobs in the last year.
Because of difficult market conditions the Wall Street investment bank, is laying off another 5% of its work force, or about 1,430 people.
Fannie's Eurasian Panhandling... Policy-makers are calling on FNMA & FHLMC to pad their capital reserves.
Benny & The Ink Jets: "With few alternative mortgage channels today, such action would be highly beneficial to the economy,"
Today, Fannie CEO Daniel Mudd, enbarked on a multi-day visit to investors in Asia and Europe.
Fannie spokespeople said the itinerary was part of an already scheduled annual trip. Sure thing, I've got a nice corner for you to work too.
Countrywide is being investigated for whether it misrepresented its financial condition and the quality of its loans in securities filings.
The largest U.S. mortgage lenders $1.5 Trillion loan book was bought for $6 billion,
but some investors still expect Bank of America to renegotiate the merger or walk away.
Lehman Layoffs... Lehman Brothers had eliminated close to 4,000 jobs in the last year.
Because of difficult market conditions the Wall Street investment bank, is laying off another 5% of its work force, or about 1,430 people.
Fannie's Eurasian Panhandling... Policy-makers are calling on FNMA & FHLMC to pad their capital reserves.
Benny & The Ink Jets: "With few alternative mortgage channels today, such action would be highly beneficial to the economy,"
Today, Fannie CEO Daniel Mudd, enbarked on a multi-day visit to investors in Asia and Europe.
Fannie spokespeople said the itinerary was part of an already scheduled annual trip. Sure thing, I've got a nice corner for you to work too.
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