Tag:
Option Arms
Latest Headlines
Latest Headlines
Wells Fargo to provide $2.4B in relief to California homeowners
On the heels of the news that Arizona and Nevada have sued Bank of America, Wells Fargo ( NYSE: WFC ) and the attorney general of California have announced a settlement that calls for the bank to provide relief of up to 2.4 billion to California homeowners who chose so-called pick-a-payment loan
Defending a maligned bank deal
Wachovia's decision to buy Golden West Financial for $24.5 billion back in May 2006 was controversial from the start. Even then, shareholders were convinced that Wachovia was hideously overpaying. Wachovia was smitten by the heady growth in option ARMs, which Golden West was built on. We know how
Bailout rejection a wrench for Buffett and Pandit
Warren Buffett made it known that his $5 billion wager on Goldman Sachs assumed that the government would take some sort of bailout action. Likewise, Citigroup's deal for Wachovia would have looked a lot better if the bailout had been approved. Of course, the FDIC will assume some of the Wachovia
Navigating the Hedge Fund Maze
Beginning this month, FierceFinance will offer a retrospective of hedge fund news from the previous month. In our first look back, we review August, which wasn't exactly a banner month for hedge fund performance. Special Report
(Adjustable Rate Mortgages, Delinquencies, Option
