Standard & Poor's Ratings Services has revised the outlook for Bear Stearns & Co. from stable to negative in a move the Wall Street firm said it is "disappointed" with.S&P cited Bear's "high degree of reliance on the U.S. mortgage and leveraged finance sectors" in its outlook revision. Bear Stearns said the concerns in these areas "are common to the industry and are not likely to have a disproportionate impact" on the company. "All other major rating agencies have affirmed their stable or positive outlook on Bear Stearns," the Wall Street firm said. S&P can be found on the Web at http://www.standardandpoors.com.
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The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
28m ago -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
2h ago -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
7h ago -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16 -
In a motion to dismiss UWM's suit, Ramon Walker argues the trademark infringement claim made by UWM is a "pretext to muzzle [his] criticism."
April 16 -
The Federal Reserve chair's comments coincide with the spring meeting of the International Monetary Fund and the World Bank Group in Washington. They also come as groups like the Basel Committee on Banking Supervision are being scrutinized.
April 16