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Last updated: 16:30:35 Thursday May 15, 2008


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  • Bernanke: Banks must get better at foreseeing risk
    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, Federal Reserve Chairman Ben Bernanke said Thursday. 2008-05-15
    People: [Ben Bernanke]
    Activities: [2007 Global Credit Crunch]

    Senators reach deal on housing rescue: sources
    Key members of the U.S. Senate have reached a deal on a sweeping housing rescue plan in which Fannie Mae (FNM.N) and Freddie Mac (FRE.N) would backstop a government mortgage insurance fund, two industry sources said on Thursday. 2008-05-15

    People: [Christopher Dodd]
    Activities: [2007 Global Credit Crunch]

    U.S. Sen Shelby-in touch with White House on housing
    The top Republican on the U.S. Senate Banking Committee on Thursday said he was working with the White House as he negotiated with Democrats on a housing bill, adding that the two sides were close to a deal. 2008-05-15

    People: [Christopher Dodd]
    Activities: [2007 Global Credit Crunch] [110th Congress]

    US foreclosure filings surge 65 percent in April
    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 and contributing to a deepening slide in home values, a research company said Tuesday. 2008-05-14

    Activities: [2007 Global Credit Crunch]

    Mortgage cos. reveal damage from housing crisis
    Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over. 2008-05-12

    Activities: [2007 Global Credit Crunch]

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