Merrill Lynch hires mortgage executives Merrill Lynch & Co , battered by more than $40 billion of write-downs tied largely to mortgages, said on Tuesday it hired Michael Nierenberg from JPMorgan Chase & Co to head its mortgage and securitization businesses.
Washington offers no relief for consumers who save their money Two giant mortgage companies get into hot water over risky investments. The government steps in to throw them a lifeline should they need it.
Merrill hires 2 for mortgage operations Merrill Lynch & Co. Inc. announced Tuesday that it has hired Michael Nierenberg to head its global mortgages and securitized products businesses, and James De Mare to run mortgage trading operations.
Real estate notebook WASHINGTON -- Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week, down from 6.47 percent last week.
Freddie, Fannie shares rise on debt sales WASHINGTON Shares of mortgage finance companies Fannie Mae and Freddie Mac rose Tuesday, after Freddie Mac said it would sell $4 billion in two-year and five-year debt this week.
Subprime-Mortgage Loss Indexes Not `Good Predictors,' BIS Says Sept. 1 -- Credit-default indexes that banks use to calculate writedowns from the subprime-mortgage market are probably poor indicators of future prices because they don't capture all debt instruments, the Bank for International Settlements said.
QUICK POLL WASHINGTON, DC-DC’s trophy market--defined roughly as 32 buildings mainly in the CBD and East End and three buildings in Capitol Hill--posted positive net absorption of 87,480 sf, according to a new report by Jones Lang LaSalle.
Freddie Mac to sell $4B in two, five-year debt WASHINGTON Freddie Mac said Tuesday it would sell $4 billion in two-year and five-year debt this week in auctions that should give an indication of investors' confidence in the mortgage finance company.
Murrieta man charged in wife's slaying wasn't making mortgage payments when he reportedly bought $1 million in life ... A Murrieta man charged with murder for financial gain was not making mortgage payments at the time authorities say he purchased $1 million in life insurance on his wife, who died a few weeks later, county records show.
Brian J. O'Connor: 'Smiling Bob' offers lessons on mortgage As the mortgage-bred U.S. economic crisis nears its first anniversary, let me pause amid the soaring foreclosure rates, rising bankruptcies, higher unemployment rates and plummeting home values to ponder just exactly how we got here.
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