Updated : Fri, 12 Mar 2010 17:41:29 -0500
WASHINGTON (Reuters) - An Obama administration program to help struggling homeowners modify their mortgages has more than one million active borrowers, though fewer than 10 percent have obtained permanent loan modifications, according to a Treasury Department report released on Friday.
Publ.Date : Fri, 12 Mar 2010 14:38:16 -0500
NEW YORK (Reuters) - Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book "Liar's Poker," says Wall Street bonuses at banks bailed out by Washington are "a very elegant form of theft."
Publ.Date : Fri, 12 Mar 2010 17:10:55 -0500
WASHINGTON (Reuters) - U.S. retail sales rose unexpectedly last month despite heavy snow storms that were thought to have kept shoppers at home and bolstered hopes of a sustainable economic recovery.
Publ.Date : Fri, 12 Mar 2010 16:32:55 -0500
NEW YORK (Reuters) - Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house.
Publ.Date : Fri, 12 Mar 2010 14:21:19 -0500
NEW YORK (Reuters) - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear.
Publ.Date : Fri, 12 Mar 2010 13:17:32 -0500
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