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Congress to try to recoup Fannie, Freddie costs
(AP)
Friday, July 30, 2010
AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac.
Source: rss.news.yahoo.com
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PMI Group narrows loss, but shares tumble
(AP)
Friday, July 30, 2010
AP - PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent.
Source: rss.news.yahoo.com
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Florida mortgage firm settles federal charges
(AP)
Friday, July 30, 2010
AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.
Source: rss.news.yahoo.com
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MetLife posts Q2 earnings of $1.5 billion, beating Street
(Reuters)
Friday, July 30, 2010
Reuters - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.
Source: rss.news.yahoo.com
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NY AG announces probe of life insurance industry
(AP)
Friday, July 30, 2010
 AP - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.
Source: rss.news.yahoo.com
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Goldman and Citigroup to sell $788.5 million CMBS
(Reuters)
Wednesday, July 28, 2010
Reuters - Goldman Sachs Group Inc and Citigroup Inc will sell a $788.5 million commercial mortgage-backed security, according to a term sheet sent to investors, in the largest deal of its kind since volume began crawling back after the financial crisis.
Source: rss.news.yahoo.com
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Treasury says latest mortgage-aid report flawed
(AP)
Wednesday, July 28, 2010
AP - The Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their loans modified.
Source: rss.news.yahoo.com
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Buy, Sell, or Hold Research In Motion?
(The Motley Fool)
Wednesday, July 28, 2010
The Motley Fool - Right now, you can't go through a list of news articles for Research In Motion (Nasdaq: RIMM - News) without seeing gloomy headlines such as "Why RIM is a Risky Investment" (TheStreet.com) and "BlackBerry's Era May Be Ending" (The New York Times). Fears of market share declines because of Apple's (Nasdaq: AAPL - News) iPhone and Google's (Nasdaq: GOOG - News) Android platform clearly have investors on edge -- and an underwhelming earnings report last quarter didn't do much to calm their nerves.
Source: rss.news.yahoo.com
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Summary Box: Mortgage applications down percent
(AP)
Wednesday, July 28, 2010
AP - MORTGAGE APPLICATIONS DOWN: Applications for home loans fell 4.4 percent last week despite the lowest mortgage rates in decades, according to the Mortgage Bankers Association.
Source: rss.news.yahoo.com
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Mortgage lenders must register in database
(AP)
Wednesday, July 28, 2010
AP - Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble.
Source: rss.news.yahoo.com
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