Nov. 17 (Bloomberg) -- Four of the world's biggest insurers may acquire small banks that regulators have cited for improper practices to improve their own chances of getting cash from the $700 billion U.S. government bailout fund. Lincoln National ...
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Nov. 17 (Bloomberg) -- The U.S. Federal Reserve's emergency lending programs, intended to thaw commercial paper and money markets, are also helping banks limit losses from some of their $4 trillion in off-the-books guarantees and loan commitments. A ...
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Fairfax County will get $2.8 million in federal funds to bolster the foreclosure program it set up earlier this year. More than half the money will be used to provide no-interest loans to help first-time home buyers purchase foreclosed properties ...
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While the heads of Detroit’s Big Three beg Capitol Hill for a government bailout of the nation’s automobile manufacturers, area car dealers are struggling through the toughest market climate they’ve experienced in decades. “People are just ...
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WASHINGTON — Think of them as the walking wounded: The homeowners who are upside down on their mortgages, owing much more than their home is now worth. But they’re still on their feet and still sending their payments each month. In this credit ...
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Freddie Mac could post losses totaling $20 billion to $40 billion in 2009, hurt by higher credit costs and write-downs in mortgage assets, an analyst at Friedman Billings Ramsey said. As a result of the losses, the Treasury will have to ...
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Freddie Mac could post losses totaling $20 billion to $40 billion in 2009, hurt by higher credit costs and write-downs in mortgage assets, an analyst at Friedman Billings Ramsey said. As a result of the losses, the Treasury will have to infuse $30 ...
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