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Paulson: Redo Fannie, Freddie - Wall Street Journal
WASHINGTON -- Treasury Secretary Henry Paulson suggested that Congress should consider replacing government-backed mortgage giants Fannie Mae and Freddie Mac with companies that would guarantee mortgages but not hold them as investments. Mr. Paulson ...

BofA CEO recommends top brass get no bonuses - San Jose Business Journal
Bank of America CEO Ken Lewis said in a memo to employees Tuesday that he’s recommending the board not award 2008 bonuses to himself and other senior executives. “This was a difficult decision because we have worked hard and made progress on many ...

Chinese New Year at Bank of America - Marketwatch
NEW YORK (MarketWatch) - For most of 2008, Ken Lewis, Bank of America Corp.'s pragmatic chief executive, used the bank's relative strength to take advantage of troubled competitors, snapping up mortgage lender Countrywide and broker Merrill Lynch ...

Paulson Says Fannie, Freddie Need to Change - Street.Com
More on Banks JPMorgan Chase Braces for 'Noisy' Quarter Barclays Announces 400 UK Job Cuts BofA Sells Shares in China Construction BofA's Lewis Declines Bonus: Report BofA Will Pay $223M in Dividends for TARP Treasury Invests $15B in Seven Banks NY ...

Money Market Investors Now Eligible for Fed Funds - Street.Com
More on Banks Credit Card Defaults Rise Again in December Paulson Says Fannie, Freddie Need to Change JPMorgan Chase Braces for 'Noisy' Quarter Barclays Announces 400 UK Job Cuts BofA Sells Shares in China Construction BofA's Lewis Declines Bonus ...

Stock market's short, sharp shocks - Denver Post
"Panic" is packaged to look like Michael Lewis' own 21-year chronicle of financial hysteria, beginning with the crash of October 1987. This book does cover that terrain. But it is an anthology of work by Lewis and many others, rather than a single ...

Congressional reps prepare agendas - Inland Newstoday
WASHINGTON--The Inland Empire’s Congressional delegation will be pushing similar agendas when the 111th Congress convenes Tuesday. Redlands Republican Jerry Lewis begins his 16th term with the mortgage crisis and energy independence his top ...

INSTANT VIEW 2-UK mortgage approvals dive, credit set to tighten - Forbes
LONDON, Jan 2 (Reuters) - British mortgage approvals for house purchase fell to a record low in November, while a separate survey showed credit conditions looked set to tighten further in the next three months, Bank of England said on Friday. The ...

Bank of America Is New No. 1 Bank - AOL
NEW YORK (Jan. 1) -- Bank of America Corp. completed its purchase of Merrill Lynch & Co. Thursday, creating the largest U.S. bank and perhaps one of the biggest challenges yet for longtime Chief Executive Kenneth Lewis. Mario Tama, Getty Images The ...

UPDATE 1-Bank of America completes Merrill Lynch purchase - FXStreet.com
NEW YORK, Jan 1 (Reuters) - Bank of America Corp completed its purchase of Merrill Lynch & Co on Thursday, creating the largest U.S. bank and perhaps one of the biggest challenges yet for longtime Chief Executive Kenneth Lewis. The closing allows ...

Today's Mortgage Terms starting with T

Term: The period of time in which a loan must be paid off.

Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.

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