Yahoo! News: Personal Finance NewsPersonal Finance NewsHousing crisis brings Wall St arrests, veto threat (Reuters)- June 19, 2008 Reuters - The U.S. housing crisis produced its first high-profile Wall Street arrests on Thursday, while the Bush administration called for broadening the Federal Reserve's powers over investment banks and said it has charged hundreds of people in a mortgage fraud probe.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080619/... Ethics panel examines lawmakers' Countrywide loans (Reuters)- June 19, 2008 Reuters - A Congressional ethics panel is examining allegations that two Senate Democrats, including the sponsor of a major housing bill, received preferential loans by troubled mortgage lender Countrywide Financial Corp, a member of Congress said on Thursday.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080619/... BofA to complete Countrywide buy by July: source (Reuters)- June 19, 2008 Reuters - Bank of America expects to complete its acquisition of mortgage lender Countrywide Financial Corp by July 1, a source familiar with the matter told Reuters on Thursday.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080619/... Hundreds swept up in mortgage fraud arrests (AP)- June 19, 2008 AP - More than 400 real estate industry players have been indicted since March including dozens over the last two days in a Justice Department crackdown on incidents of mortgage fraud nationwide that stem from the country's housing crisis.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20080619/... Washington Mutual cuts 1,200 jobs after big losses (Reuters)- June 19, 2008 Reuters - Washington Mutual Inc said on Thursday it eliminated 1,200 jobs, following mortgage losses that some analysts have said will keep the largest U.S. savings and loan from turning a profit before 2010.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080619/... Rates on 30-year mortgages jump to 6.42 percent (AP)- June 19, 2008 AP - Rates on 30-year mortgages kept surging this week, rising to the highest level in nearly nine months, reflecting more concerns about what the Federal Reserve will do to combat a growing inflation threat.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20080619/... Swiss central bank demands UBS, CS beef up capital (Reuters)- June 19, 2008 Reuters - Switzerland's central bank is demanding UBS and Credit Suisse build a bigger financial cushion to save a repeat of the subprime mortgage disaster that spoilt the country's reputation as an unshakeable powerhouse.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080619/... Thornburg gets SEC subpoenas, survival in doubt (Reuters)- June 18, 2008 Reuters - Thornburg Mortgage Inc , the jumbo mortgage lender that lost $3.31 billion in the first quarter, said on Wednesday it has received subpoenas from U.S. securities regulators and its survival remains in doubt.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080618/... Citi offers early retirement to 1,350 in Japan (Reuters)- June 18, 2008 Reuters - Citigroup Inc has offered early retirement to the 1,350 employees of its Japanese consumer finance unit, as the subprime-hit U.S. bank retreats from consumer lending in the world's second-largest economy.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080618/... Senate leaders have housing rescue bill deal (Reuters)- June 17, 2008 Reuters - U.S. Senate leaders have agreed to a bipartisan bill to establish a $300 billion rescue fund for troubled mortgages and a new regulator for Fannie Mae and Freddie Mac, lawmakers said on Tuesday.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080617/... |