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Bank Mortgage
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Latest Headlines
Judges angry with mortgage servicers
Judge Randolph J. Haines of the United States Bankruptcy Court in Phoenix got some attention when he summoned a senior executive from Wells Fargo to appear in a personal bankruptcy case. He then let a woman filing for bankruptcy grill the executive under oath. She rose to the occasion, according t
ALSO NOTED: Have Blackstone shares bottomed?; Wells Fargo open to Fed-assisted deals; and much more...
Company News:
> S&P upgrades Bear Stearns. Article
> More on Bear Stearns and its risk exposure. Article
> Sandler O'Neill Partners cuts estimates for TradeStation. Article Â
> Wells Fargo open to Fed-assisted deals. Article
> BlackRock managing
ALSO NOTED: Bank of America plans mortgage unit changes; Criticism of Citigroup's new alternative investment chief; and much mo
Company News: > Signature bank delays results. Article > Bank of America plans mortgage unit changes. Article > Nasdaq beats estimates. Article > MBIA writes down $3.5 billion. Article > ICE to buy YellowJack software platform. Article > Greenhill
ALSO NOTED: JPMorgan downgraded by Michael Mayo; Bank of America overhauls investment banking; and much more...
Company News: > Bank of America overhauls investment banking. Article > S&P cuts Citigroup credit rating. Article > JPMorgan downgraded by Michael Mayo. Article > FBR downgrades Wells Fargo. Article > Wells Fargo to buy Wyoming bank. Article >
The winners in the mortgage shakeout?
Obviously, every bank and mortgage company has a slightly different portfolio of loans to grapple with. The ones with a lot of subprime loans, and even Alt-A loans, have suffered the most. Beyond that, which companies are best positioned to weather the storm ? Friedman, Billings, Ramsey analyst
