Reserve Articles
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151. Countrywide loses $893 million in 1Q on rising loss reserve
Countrywide Financial Corp. said Tuesday it lost $893 million in the first quarter, as rising loan defaults amid a deepening housing downturn forced the nation's largest mortgage lender and servicer to sharply increase its provision for loan losses and book other credit-related charges.
29 Apr 2008
152. All is quiet on the FX front leading into the Fed’s rate announcement on Wednesday.
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28 Apr 2008
153. BofA to expand efforts to help Countrywide borrowers
Bank of America Corp. says it will expand efforts to help Countrywide Financial Corp. borrowers avoid foreclosure on trouble mortgages. The announcement came Monday as members of the Federal Reserve Board began two days of public hearings on Bank of America's proposed $4.1 billion stock deal for Calabasas, Calif.-based Countrywide.
28 Apr 2008
154. Earnings Preview: Countrywide Financial may raise reserves
Countrywide Financial Corp. reports first-quarter earnings on Tuesday. The following is a summary of key developments and analyst opinion related to the period.
28 Apr 2008
155. US Dollar strengthens yet again despite poor consumer sentiment.
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27 Apr 2008
156. Wall Street looks for cues from Federal Reserve meeting
What a difference six weeks makes. Right before the last Federal Reserve meeting, investors were worried about the global banking system imploding. Now, investors are betting the credit markets are on the mend and Wall Street is looking forward to an economic recovery.
27 Apr 2008
157. Wall Street looks for cues from the Federal Reserve
What a difference six weeks makes. Right before the last Federal Reserve meeting, investors were worried about the global banking system imploding. Now, investors are betting the credit markets are on the mend and Wall Street is looking forward to an economic recovery.
27 Apr 2008
158. Fed to hold public hearings on BofA-Countrywide deal
Consumer advocates nervous about Bank of America Corp.'s proposed takeover of troubled mortgage lender Countrywide Financial Corp. are pressuring the bank to provide assurances that Countrywide borrowers facing foreclosure won't lose their homes.
27 Apr 2008
159. US Dollar surges on back of positive data and growing speculation of Fed holding rates.
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24 Apr 2008
160. Group opposes North Dakota hunting proposal
Game preserve owners are campaigning against a proposed North Dakota ballot measure that would eliminate so-called high-fence hunting, saying a ban would violate their property rights.
24 Apr 2008
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