 Credit Card News
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Senators reach deal on housing rescue: sources
(Reuters)
-- Reuters - Leaders of the Senate Banking
Committee on Thursday reached a deal on a broad housing rescue
plan in which Fannie Mae and Freddie Mac would support a ..... (more)
IRS says up to 350,000 didn't get child credit
(AP)
-- AP - As many as 350,000 households are not getting the $300 per child refund owed as part of economic stimulus rebate payments, the Internal Revenue Service said Thursday. (more)
Stocks rise on oil price drop, mixed economic data
(AP)
-- AP - The stock market notched its second straight daily advance Thursday, with investors assuaged by a pullback in oil prices and some better-than-expected economic..... (more)
Rates on 30-year mortgages fall to lowest point in a month
(AP)
-- AP - Rates on 30-year mortgages edged down this week to their lowest point in a month, a spot of welcome news to would-be home buyers. (more)
Bernanke: Banks must get better at foreseeing risk
(AP)
-- AP - Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles,..... (more)
Judge: Countrywide shareholders' suit can proceed
(AP)
-- AP - A federal judge has ruled that a shareholder lawsuit against Countrywide Financial Corp. executives and directors should go to trial, rejecting several arguments..... (more)
Judge rejects Countrywide's arguments: report
(Reuters)
-- Reuters - Directors and officers of mortgage
lender Countrywide Financial must answer shareholder
accusations of insider trading and failure to monitor lending ..... (more)
Accounting changes help Freddie Mac 1Q beat views
(AP)
-- AP - Freddie Mac beat Wall Street's expectations in the first quarter, but the mortgage finance company didn't vanquish concerns about its ability to weather the..... (more)
Ohio attorney general resigns in wake of scandal
(Reuters)
-- Reuters - Ohio Attorney General Marc Dann,
who led investigations into companies blamed for the state's
subprime mortgage mess, resigned under a cloud on Wednesday ..... (more)
US foreclosure filings surge 65 percent in April
(AP)
-- AP - More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year..... (more)
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