Mortgage and Financial News From 2008-6-13 Page 6
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CEOs pay chugged higher in '07 despite cloudy economy (Detroit Free Press)
NEW YORK-- As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.
2008-06-13 12:22:45 -
Synchronoss loses a 1/4 of business with 3G iPhone (MacNN)
With the release of the 3G iPhone, Apple has clarified that all units must be activated at the store for them to be sold, taking away nearly a quarter of Synchronoss' business ñ the company responsible for home iTunes-based iPhone activations. Silicon Alley Insider writes that as the company confirmed the loss of Apple's business in a filing to th...
2008-06-11 09:54:03 -
JER Investors Trust Inc. Announces Regular Common Stock Dividend of $0 ... - Forbes
MCLEAN, Va., June 13 /PRNewswire-FirstCall/ -- JER Investors Trust Inc. (NYSE: JRT) announced that its Board of Directors approved the declaration of a regular quarterly cash dividend on its common stock of $0.30 per common share for the quarter ...
2008-06-13 05:50:00 -
Vestin Realty Mortgage II, Inc. Announces Election of Board of ... - Forbes
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected ...
2008-06-13 09:31:00 -
UPDATE 1-FBR's Youngblood to leave, start new mortgage fund - Reuters
NEW YORK, June 13 (Reuters) - Veteran mortgage analyst and money manager Michael Youngblood said on Friday he was leaving FBR Investment Management Inc. to launch a new company and mortgage fund. Senior managing director and portfolio manager Steve ...
2008-06-13 09:53:00 -
GMAC spent $410,000 lobbying on mortgage rules - CNBC
WASHINGTON (AP) - Automotive and mortgage lender GMAC LLC spent $410,000 in the first quarter lobbying on several bills related to mortgage lending and other issues, according to a disclosure report. The company lobbied on bills that would raise the ...
2008-06-13 08:20:00 -
Foreclosures Rose Again in May (New York Times)
Foreclosure filings were up nearly 50 percent compared with a year earlier, a foreclosure listing company said Friday.
2008-06-13 09:35:13 -
Thornburg Mortgage Posts $3.31 Billion Loss (NYTimes.com via Yahoo! Finance)
Before paying preferred dividends, Thornburg Mortgage lost $3.31 billion, or $20.64 a share, in contrast to a profit of $75 million, or 62 cents a share, a year earlier.
2008-06-13 09:36:59 -
The Obama Myth Exposed? (CBS News)
Obama is, we are told, the agent of change, the great turner of the page, a man unstained by politics and who will alter the way it has been practiced, but how long will this image continue, asks National Review Online ?
2008-06-13 09:52:15 -
G8 finance chiefs wrestle with oil, food crises (Channel NewsAsia)
OSAKA : Finance ministers from the world's leading industrialised powers discussed Friday the economic threat from soaring food and oil prices while backing new technology to battle global warming.
2008-06-13 09:53:27 -
UBS says almost all new shares sold (AP via Yahoo! Finance)
UBS AG said Friday that investors bought almost all of a new share offering as it increased its capital by more than $15 billion in an effort to recover from problems related to the U.S. mortgage loan crisis.
2008-06-13 10:02:42 -
Earnings Outlook: Concerns climb ahead of brokerage firms' quarterly results (Market Watch)
Lehman’s shocking $2.8 billion quarterly net loss, disclosed a week ahead of schedule, has spooked investors and analysts ahead of results next week from rivals Goldman Sachs Group and Morgan Stanley.
2008-06-13 10:03:14 -
Economic turmoil puts Treasury secretary to test (The Forex Market)
WASHINGTON (AP) - Henry Paulson, a veteran of more than three decades of Wall Street booms and busts, knew the good times couldn't last forever when he left his perch as head of Goldman Sachs two years ago to become President Bush's third Treasury secretary.
2008-06-13 10:06:22 -
U.S. regulator criticizes mortgage reports (Moldova.org)
A top U.S. bank regulator said in a speech that frequently cited data supplied by mortgage lenders had significant limitations.Virtually none of the data had been subjected to a rigorous process to check for consistency and completeness, Comptroller of the Currency John Dugan said in New York, The Washington Post reported.Dugan said later he was referring to groups such as the Mortgage Bankers ...
2008-06-13 10:09:32 -
Are Washington Insiders Necessary? (New York Times)
What?s wrong with some fresh talent, especially behind candidates who roam the nation proclaiming the era of change?
2008-06-13 10:12:18