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How J.P. Morgan steered clear of the credit crunch - CNN MoneyNEW YORK (Fortune) -- It was the second week of October 2006. William King, then J.P. Morgan's chief of securitized products, was vacationing in Rwanda. One evening CEO Jamie Dimon tracked him down to fire a red alert. "Billy, I really want you to ...
Goldman, Morgan become banks, Mitsubishi takes a stake - USA TodayWASHINGTON — It is the end of an era on Wall Street, as the Federal Reserve granted permission for the last two major investment banks — Goldman Sachs and Morgan Stanley — to become bank holding companies in order to stay in business. And early ...
Morgan Stanley's John Mack Swings Into Action - BusinessWeekAs Morgan Stanley’s stock price spiraled downward one day after the firm announced the strongest profits on Wall Street on Tuesday, CEO John J. Mack swung into action. Mack made calls to Treasury Secretary Hank Paulson, SEC chairman Christopher Cox ...
Wachovia-Morgan Stanley Deal: 'Time Is of the Essence' - US News and World Report"Doom is an interesting choice of words. Mergers and acquisitions happen all the time and it's not because two companies are doomed. It's because of the advantage in combining. And in this case I think we've got two companies that have plenty of ...
Morgan Stanley's Bank Shot - BusinessWeekAnxious to avoid the cruel fate of onetime rival Lehman Brothers Holdings ( LEH ), Morgan Stanley ( MS ) and Goldman Sachs ( GS ), the only two independent investment banks still standing, have been looking for commercial banks with which to merge in ...
JP Morgan halts trading with Citadel amid dispute - Chicago TribuneIn retaliation for the Citadel Investment Group hiring its employees, investment bank J.P. Morgan Chase halted all trading with the Chicago-based hedge fund Thursday, said a source familiar with the situation. Citadel, which transformed its founder ...
Goldman, Morgan Stanley Bring Down Curtain on an Era (Update5) - BloombergSept. 22 (Bloomberg) -- The Wall Street that shaped the financial world for two decades ended last night, when Goldman Sachs Group Inc. and Morgan Stanley concluded there is no future in remaining investment banks now that investors have determined ...
WaMu seized and sold to JP Morgan - Financial TimesJPMorgan Chase has acquired the banking operations of Washington Mutual which was seized by US regulators on Thursday night in the biggest bank failure in US history. On Friday morning JPMorgan said it had sold $10bn in common stock to finance its ...
Morgan Stanley, Goldman shares tumble as financial fears rise - USA TodayNEW YORK — Shares of Goldman Sachs (GS) and Morgan Stanley (MS) plunged on Wednesday, a sign that investors fear they can't survive in their present form as the last two major independent investment banks. Executives of both companies insisted a ...
Morgan Stanley's Role in Fannie, Freddie Solution - CNBCMorgan Stanley , the financial advisors asked by the government to help solve the problem of Fannie Mae and Freddie Mac , looked at a number of solutions that ranged from a simple equity injection to putting the mortgage financing companies into ...

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Today's Mortgage Terms starting with V
VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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