AP - A federal grand jury has indicted the chief executive of what was once among the largest privately held mortgage lending companies in the country for allegedly engaging in a fraud scheme that misappropriated $1 billion from the government's Troubled Assets Relief Program and other targets.
Wednesday, June 16, 2010
Reuters - The former head of the now bankrupt mortgage lender Taylor, Bean & Whitaker Mortgage Corp has been charged with fraud in a scheme that led to the misappropriation of more than $1 billion, according to an indictment unsealed on Wednesday.
Wednesday, June 16, 2010
AFP - The US government has ordered mortgage giants Fannie Mae and Freddie Mac to delist from the stock market, a federal agency said Wednesday, ending an arrangement that underpinned the housing market for 40 years.
Thursday, June 3, 2010
AP - The chief executive of Hovnanian Enterprises Inc. says a final push by homebuyers in April to qualify for a government tax credit didn't give the homebuilder's sales as big a boost as he'd hoped.
Thursday, June 3, 2010
AP - The chief executive of Hovnanian Enterprises Inc. says a final push by homebuyers in April to qualify for a government tax credit didn't give the homebuilder's sales as big a boost as he'd hoped.
Wednesday, June 2, 2010
AP - The chief executive of Moody's Corp. says his company's inaccurate ratings of mortgage-related investments were "deeply disappointing" but investors shouldn't rely on ratings to buy or sell securities.
Wednesday, June 2, 2010
AP - The chief executive of Moody's Corp. says his company's inaccurate ratings of mortgage-related investments were "deeply disappointing" but investors shouldn't rely on ratings to buy or sell securities.
Wednesday, April 28, 2010
Reuters - Goldman Sachs Chief Executive Lloyd Blankfein said he has not thought about resigning amid accusations the firm helped inflate the housing bubble and then made billions off the market's collapse.
Monday, April 26, 2010
Reuters - Goldman Sachs Group Inc chief executive Lloyd Blankfein, in written testimony prepared for a Senate hearing on Tuesday, said his firm did not have a "massive short" and against the housing market and "certainly did not bet against our clients.
Saturday, April 24, 2010
AP - As the U.S. housing turned downward in January 2007, a Goldman Sachs trader wrote in e-mails to a woman he apparently was courting that investments he had sold were "like Frankenstein turning against his own inventor."
Wednesday, June 16, 2010
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