Amazing. Just amazing. The last week in the mortgage industry has been a series of wild swings of ups and downs that has culminated in a furious wave of phone calls and emails to borrowers and homeowners to get them ...

Tagged with: bank fannie mae Financing freddie mac housing interest rates loan market Mortgage Bankers Association mortgage industry mortgages rates Real Estate Recession Robert Nusgart s&p

LONDON — British banking group HSBC said Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its retail bank branches in the U.S., part of a new strategy to focus on fast-growing emerging markets. The bank, ...

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NEW YORK — Goldman Sachs’s earnings more than doubled in the second quarter, but a slump in its bond trading business kept its bottom-line results well below what analysts were expecting. The investment bank earned $1.05 billion in the three ...

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WILMINGTON, Del. — Bank holding company Washington Mutual Inc. is asking a Delaware judge to approve its revised reorganization plan. The judge convened a three-day hearing Wednesday to consider the plan, which centers on the settlement of lawsuits pitting Washington ...

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WASHINGTON — JPMorgan Chase & Co. has agreed to pay $211 million after admitting one of its divisions rigged dozens of bidding competitions to win business from state and local governments. J.P. Morgan Securities LLC made at least 93 secret ...

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WASHINGTON — Federal regulators will be able to take back two years of pay from executives held responsible for a large bank’s failure. Executives deemed “negligent” and “substantially responsible” for a big bank’s failure can lose all of their compensation ...

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Hackers stole information for 360,000 Citigroup Inc. U.S. credit card accounts in a recent data breach, although the actual number of customers affected was not much higher than originally reported, the bank said Wednesday. Citi said last week that about ...

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NEW YORK — Wells Fargo is hoping to make its student loans more attractive to families. The San Francisco-based bank says it is now offering fixed-rate student loans, which is a departure from the industry practice. Unlike federal student loans, ...

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Marylanders could see increases at toll booths around the state, and a heavily-traveled street in downtown Baltimore will be closed for two weeks for construction. Those stories and more in this week’s business top 5. 1. Maryland toll increases get ...

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Baltimore litigator Stephen L. Snyder has settled a $10.3 million confessed judgment filed against him by Branch Banking & Trust Co. The confidential settlement was reached Tuesday during a mediation session with Judge Kathleen G. Cox in Baltimore County Circuit ...

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