Posts Tagged ‘America’

Saab Cars North America Selects Ally Financial as Recommended Provider of Vehicle Service and Maintenance Products

DETROIT, Nov. 15, 2010 /PRNewswire/ — Ally Financial has been selected as the recommended provider of finance and insurance (F&I) products and services for Saab dealerships in the U.S.   Ally Financial will offer its Repair Advantage line of vehicle service and maintenance contracts to cus View full post on All Stories

BofA wins dismissal of big mortgage investors suit

Bank of America Corp said it won the dismissal of a lawsuit by investors who claimed its Countrywide unit misled them about its lending practices in documents for $352 billion of mortgage securities offerings. View full post on All Stories

Big ‘I’ Insurance Agents Gave $1.7 Million to Shape New Congress

The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said that its political action committee, InsurPac, distributed more than $1.7 million in the 2010 campaign cycle … View full post on All Stories

Fitch Downgrades 14 Classes of BACM 2005-4

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has downgraded 14 classes of Banc of America Commercial Mortgage Inc. (BACM) commercial mortgage pass-through certificates series 2005-4. A detailed list of rating actions follows at the end of this release. As a result of the expected losses on loans currently in special servicing, Fitch expects classes H through P to be [...]

New Ads Featuring President Obama for Unprecedented Midterm Election Hispanic Paid Media Campaign

More than $1 Million Investment in National TV, Radio and Online Advertising as Part of the DNC’s Vote 2010 Plan See the New TV Ad Here: Hear the New Radio Ad Here. The Democratic National Committee announced today the Democratic Party’s largest-ever investment in Hispanic paid media for a midterm election. The paid media campaign [...]

America’s property market: Home truths

Preventing foreclosures won’t fix America’s housing mess. Encouraging banks to write down mortgages might AMERICA’S mortgage lenders are again at the centre of a scandal. This time the cause is not the recklessness of their lending, but the sloppiness with which they are dealing with the resulting defaults. Recent revelations suggest that many lenders rode [...]

Stocks for Bank of America, other banks fall again amid fears about mortgage issuers

Bank stocks got hammered for a second straight day Friday amid concern that mortgage issuers could face a new wave of red ink related to shoddy lending and foreclosure practices. View full post on All Stories

Countrywide CEO To Pay $67.5M In SEC Settlement

Angelo Mozilo, the former CEO of Countrywide Financial, will pay $67.5 million in penalties to settle a civil fraud suit filed by the Securities and Exchange Commission. Mozilo built Countrywide into the nation’s largest mortgage lender, but it was sold to Bank of America after it ran into trouble in the subprime lending debacle. The [...]

Three-fourths of Americans obese or overweight by 2020, says alarming report

(NaturalNews) America is already on the verge of drowning in sick-care bankruptcy, but the situation is about to get even worse. According to a new study released by the Organization for Economic Cooperation and Development , three-fourths of Americans will be obese or overweight by 2020. That puts America in first place for the world [...]

Statement by CEO of Mortgage Electronic Registration Systems (MERS)

RESTON, Va.–(BUSINESS WIRE)–Mortgage Electronic Registration Systems (MERS) Chief Executive Officer R.K. Arnold today issued the following statement regarding the organization and clarifying certain aspects of its operations: “MERS is one important component of the complex infrastructure of America’s housing finance system. Billions of dollars of mortgage money flow through the financial system every year. It [...]

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