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Wells Fargo's income rises 51 pct; mortgages fall
14:42:32 | 20/04/2011 - Source: The Charlotte Observer
In this April 18, 2011 photo, customers use Wells Fargo Bank ATM machines in Santa Clara, Calif.
Mortgage lending up by a fifth
11:38:00 | 20/04/2011 - Source: IcStafford
Mortgage lending soared by 21% during March as both buyers and people remortgaging returned to the market.
12:02 Bank crisis report to be published
09:33:09 | 20/04/2011 - Source: Wicklow People
A third report on the causes of the banking crisis is expected to be published. The Nyberg report - by former International Monetary Fund economist Peter Nyberg - is due to be signed off by the Cabinet and is likely to heavily criticise the Central Bank and Financial Regulator.
Fed unveils proposal on mortgage standards
05:18:28 | 20/04/2011 - Source: IBTimes
Lenders would be required to make sure prospective borrowers have the ability to repay their mortgages before giving them a loan, under a proposal released by the Federal Reserve on Tuesday.
Jury convicts exec in $3B mortgage fraud case
01:04:05 | 20/04/2011 - Source: WLNE
A jury on Tuesday convicted the majority owner of what had been one of the nation's largest mortgage companies on all 14 counts in a $2.9 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the nation's financial crisis.
Redrow quits Scottish house market
21:59:40 | 19/04/2011 - Source: Shropshire Star
Tuesday 19th April 2011, 10:40AM BST. Redrow will sell its Scottish business and focus on the lucrative London and South East market Housebuilder Redrow has said it will sell its loss-making Scottish business and concentrate on the more lucrative London and South East market.
17:56:51 | 19/04/2011 - Source: Patch.com
The former governor will lie in state at the State House in Annapolis and in the rotunda of Baltimore City Hall.
home construction rises to six-month high
13:51:54 | 19/04/2011 - Source: Lexington Herald-Leader
Builders broke ground last month on the most new homes in six months, giving the weak housing market a slight boost at the start of the spring buying season.
Online real-estate firm Zillow files for IPO
09:42:26 | 19/04/2011 - Source: MarketWatch
Zillow Inc., the online real-estate information service, filed papers on Monday for a proposed initial public offering that is expected to raise as much as $51.8 million, becoming the latest Internet firm to test investors' appetite for its shares.
Banks want to cut public notices of home foreclosures
05:28:05 | 19/04/2011 - Source: Tennessean.com
Lt. Gov. Ron Ramsey has expressed limited support for the bill. Bankers are trying to cut how much public notice is required before they can foreclose on homes, drawing fire from an assortment of activists, lawyers and open-government groups.
S&P warning: Fix deficit or risk credit rating
03:17:55 | 19/04/2011 - Source: KSDK NewsChannel 5
A key credit agency issued an unprecedented warning to the United States government Monday, urging Washington to get a grip on its finances or risk losing the nation's sterling credit rating.
S&P's new view on US debt shows that opinions of bruised credit-rating agencies still matter
02:13:14 | 19/04/2011 - Source: KSPR
News that Standard & Poor's was cutting its outlook on U.S. debt rattled financial markets Monday.
$2.5 Billion In Losses For FDIC As Six Banks Fail
22:34:25 | 18/04/2011 - Source:
Regulators closed six banks in four different states increasing the total banking failures for the year to 34. Although the largest banks in the country are no longer at direct risk of failing, a significant number of small to midsized problem banks continue to be at risk.
Gov't: Mortgage co. owner Farkas led $3B fraud
22:14:42 | 18/04/2011 - Source: KGW-TV Portland
A jury is deliberating the fate of an executive who is accused of leading a massive fraud scheme at what had been one of the nation's largest mortgage companies.
Builder outlook falls ahead of spring season
19:14:21 | 18/04/2011 - Source: Connecticut Post
A bevy of issues are dogging the ailing housing industry: high unemployment, tighter bank lending standards and bigger required down-payments and fear home prices will fall further has kept many people from buying homes.