Newsroom Headlines

  June 18, 2008 Congressional Leaders Look to Reach Compromise on Housing-Assistance Package House leaders said yesterday that they will make a counteroffer to the Senate over negotiations on a

  June 16, 2008 Regulator Questions Data on Housing Relief John C. Dugan, the Comptroller of the Currency, said that banks and mortgage firms are providing questionable information about the number of

  June 13, 2008 Senate Committee Hearing Examines Supreme Court's Treatment of Consumer Protection Laws The Senate Judiciary Committee held a hearing on Wednesday that examined the effect of the U.S

  June 12, 2008 SEC Proposes Rules for Bond Rating Industry The Securities and Exchange Commission (SEC) recommended sweeping changes to the bond-rating business, the latest moves by the federal

  June 11, 2008 Analysis: Dodd-Shelby Bill Would Help 400,000 Homeowners The Congressional Budget Office (CBO) estimates that a Senate bill allowing the Federal Housing Administration to insure up to

  June 10, 2008 FHA Faces $4.6 Billion in Losses The Federal Housing Administration (FHA) said yesterday that it expects to lose $4.6 billion because of unexpectedly high default rates on home loans

  June 9, 2008 Despite Critics, Bank of America Remains Firm on Countrywide Buyout Though many investors have been skeptical, Bank of America CEO Kenneth D. Lewis confirmed his company's commitment to

  June 6, 2008 Real Estate Woes of Banks Mount Federal regulators warned yesterday that banking-industry turmoil would continue as financial institutions come to terms with piles of bad loans they

  June 5, 2008 House Committee Focuses on Legislation to Protect Employees and Retirees in Business Bankruptcies The House Judiciary Subcommittee on Commercial and Administrative Law will hold a

  June 4, 2008 Rating Firms Seem Near Legal Deal on Reforms Under fire for the high ratings they awarded to subprime mortgage securities, three large credit rating firms are close to announcing a