Friedman Billings Ramsey news from FierceFinance

The timing couldn't have been worse. As angry shareholders were preparing to convene, the news trickled out: Bank of America's stress results were not great, requiring billions more in capital. But... Read more...

Wells Fargo, last week became the third big bank to tell the world that first quarter profits would be higher than people were expecting. The San Francisco bank's announcement was the most definitive... Read more...

MarketWatch notes that Countrywide is a bad position. Basically, its debts exceed its assets. Negative equity, of course, doesn't exactly speak well for the mortgage giant's future. Of immediate... Read more...