Although the federal government is on high alert for possible terrorist attacks on key financial institutions, Treasury officials want the markets to continue to operate as usual."I applaud the financial services industry for remaining open for business," Treasury Secretary John Snow said Monday morning. The Treasury secretary said he is working closely with the Department of Homeland Security and others to monitor the situation. "Federal regulators and law enforcement officials will continue to work closely with financial market participants to quickly respond to any potential market disruptions," Secretary Snow said. At Freddie Mac, "it is business as usual," a spokesman said.
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The Long Island-based bank hasn't been profitable in eight quarters, but executives maintain that it's on the right path, citing more loan book diversity, lower expenses and an improved margin.
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This is the second acquisition deal Old Republic has been involved in this year, after selling its title production business in January.
October 23 -
While expectations that another federal rate cut is on the way next week, other economic trends may be having a larger influence on mortgage lending.
October 23 -
Home loan players are diverting technology budgets to cover back-office operations, after big spending in a downcycle, counter to historical patterns.
October 23 -
Decreased homeowner equity corresponds to recent declining prices reported by leading housing researchers, but tappable amounts still sit near record highs.
October 23 -
In addition, John Roscoe and Brandon Hamara have been appointed co-presidents at the government-sponsored enterprise, effective immediately.
October 22





