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Conference Calls Describe Lending Situation [Housing Tracker] - Seekingalpha.comWashington Mutual, Inc. Q2 2008 Earnings Call Transcript . John McMurray, EVP, CRO: “Subprime was the first to surge and we’re starting to see early indications of that perhaps slowing, home equity was the second sub-portfolio to surge within ...
Governor reassures consumers that NM banks solid - MSN MoneyCentralSANTA FE, N.M. (AP) - Gov. Bill Richardson has a message for New Mexico consumers: The state's banking system is sound. "While tensions run high across the country about the failing banks, delinquent mortgages, home foreclosures, I can say with ...
Housing Bill Has Something for Nearly Everyone - The LedgerIf you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall. The bill, expected to be passed by the Senate in the next few days and then signed by President Bush, does offer ...
National City Posts $1.76 Billion Loss on Defaults (Update2) - BloombergJuly 24 (Bloomberg) -- National City Corp. , Ohio's largest bank, reported a $1.76 billion second-quarter loss as it set aside more money to cover bad loans and took a $1.1 billion after-tax charge related to acquisitions. The net loss was $2.45 a ...
National City Rises as CEO Cites `Sufficient Capital' (Update1) - BloombergJuly 24 (Bloomberg) -- National City Corp. rose as much as 11 percent in New York trading after Chief Executive Officer Peter Raskind said the bank, Ohio's largest, has enough capital to survive the credit-market contraction. ``We are highly ...
National City looking to sell unit: report - Tehran TimesCleveland-based National City has large operations in Ohio, Michigan and Florida, all hard-hit by the nation's housing problems. The bank has lost money in three straight quarters due to its exposure to mortgage and home equity lending. In April, the ...
Bank investors redefine bad news - International Herald TribuneAfter the last week brought another round of woeful quarterly results from the industry, capped by news on Tuesday of multibillion-dollar losses at the Wachovia Corporation and Washington Mutual, that question is nagging banking executives and their ...
Bank Investors Expect Less as Losses Mount - New York TimesRobert K. Steel is the chief executive of Wachovia. After the last week brought another round of woeful quarterly results from the industry, capped by news on Tuesday of multibillion-dollar losses at the Wachovia Corporation and Washington Mutual ...
Rent or Buy a Home? - Street.ComThe crisis in the housing market provides an opportunity for consumers looking to snap up a bargain home. But the economy is still in dangerous territory, so many consumers may not have the financial security needed to buy a home. Home ownership has ...
National City posts $1.8B loss for 2nd quarter - ForbesRegional bank National City Corp. on Thursday reported a $1.76 billion loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions. Over the past year, mortgages have increasingly defaulted, forcing ...
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