Mortgage and Financial News From 2009-3-20 Page 01
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UPDATE 3-US Rep. Frank wants Fannie, Freddie bonuses halted - Reuters
WASHINGTON, March 20 (Reuters) - A key U.S. House of Representatives committee chairman said on Friday that employee bonus programs at Fannie Mae and Freddie Mac should be halted, while the regulator who oversees the two government-controlled housing ...
2009-03-20 11:10:00 -
Funding, Democrats - The Ledger
Thought it quite interesting how Ms. Welsel, Chairperson Polk Democratic Party, shamed the Florida lawmakers for "having so little regard for our children and for their future" after the U.S. Congress just pasted the most expensive spending bill ...
2009-03-20 11:32:00 -
The Empire District Electric Company Prices Offering of First Mortgage ... - MSN MoneyCentral
The Empire District Electric Company EDE announced today that it priced an offering of $75,000,000 principal amount of its 7.00% first mortgage bonds. The closing is expected to occur on March 27, 2009. The bonds will mature on April 1, 2024 ...
2009-03-20 03:39:00 -
FBI ramps up probes of financial, mortgage fraud - The Australian
THE number of probes by the Federal Bureau of Investigation into corporate fraud and mortgage fraud is growing by the month. FBI deputy director John Pistole told a US House of Representatives panel that the bureau has more than 2000 open ...
2009-03-20 06:38:00 -
Official: FBI Agents Going Undercover to Target Fraud in Mortgage ... - FOX News
Official: FBI Agents Going Undercover to Target Fraud in Mortgage Companies Friday, March 20, 2009 Print WASHINGTON — The undercover agent may be a familiar player in drug investigations and mafia busts, but it turns out that ...
2009-03-20 04:36:00 -
DBR doubts report on mortgage fraud - Providence Business News
“How does something like this come out of the blue?” said A. Michael Marques, director of the R.I. Department of Business Regulation. “We were nowhere to be found on the report [in years past]. And now we’re No. 1.” A recent report that ...
2009-03-20 10:56:00 -
Trenton arena in search of a new sponsor name (The Times of Trenton)
TRENTON -- The Sovereign Bank Arena will be the Sovereign Bank Arena no more.
2009-03-20 11:17:42 -
Government Staff Members Knew Weeks Ago About AIG Bonus Program (The Tampa Tribune)
The question was direct and prescient. Rep. Joseph Crowley, D-N.Y., asked the Treasury secretary in an open hearing what could be done to stop American International Group from paying $165 million in bonuses to hundreds of employees in the very unit that nearly destroyed the company.
2009-03-20 11:22:10 -
GMAC expansion to add 200 jobs in Charlotte (Winston-Salem Journal)
GMAC Financial Services LLC is eligible for as much as $4.5 million in state incentives through an expansion plan that could bring hundreds of high-paying jobs to Charlotte.
2009-03-20 11:22:12 -
Fed’s Expanded Regulatory Role in Doubt as Frank Backs Away (Bloomberg)
March 21 (Bloomberg) -- A proposal to put the Federal Reserve in charge of market oversight is losing congressional support after its main backer, Barney Frank , said criticism over American International Group Inc. “undercuts” his proposal.
2009-03-20 11:23:43 -
NASA STS-119 Report #11 Friday, March 20, 2009 - 8 p.m. CDT Mission Control Center, Houston, Texas (SpaceRef)
Four pair of arrays were attached to the station in December 2000, September 2006, June 2007 and March 2009 bringing the total surface area to 38,400 square feet, or .9 acre. (1 acre = 43,500 sq ft)
2009-03-20 11:25:01 -
Business briefs for March 21 (Richmond Times-Dispatch)
Affordable Housing Awareness Week will be kicked off with a bus tour of houses built or redone by Richmond-area nonprofits. The tour is March 29 from 3 p.m. to 5 p.m. A party follows at the Main Street Station with food, beverages and live jazz. The event is free, but advance registration is required. To register, call (804) 422-5010 or go online at http://www.AffordableHousingRichmond.com. ...
2009-03-20 11:25:11 -
Fannie Mae CEO defends retention bonuses (San Francisco Chronicle)
Mortgage giant Fannie Mae's chief executive and a top government regulator warned Friday that canceling bonuses for workers at institutions receiving federal bailout money could undermine efforts to stabilize the U.S. housing market. Herbert Allison,...
2009-03-20 11:44:37 -
AIG Gives Connecticut’s Blumenthal Data on Executive Bonuses (Bloomberg)
March 21 (Bloomberg) -- American International Group Inc. , whose compensation policies before and after its U.S. bailout are being investigated, turned over information on its executive bonuses to Connecticut’s attorney general.
2009-03-20 11:48:47 -
Register for FREE - Wall Street Journal
"What can we do that would be beneficial? [One thing] is lower corporate taxes and businesses taxes and maybe taxes in general. Particularly, you want to lower the tax on capital so you raise the after-tax return to investing and get more investing ...
2009-03-20 09:51:00