Reuters - Shares of U.S. government-controlled mortgage lenders Fannie Mae and Freddie Mac soared for a second straight day on Tuesday after attracting the attention of day-traders looking to turn a quick profit with these low-priced household names.
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AP - Private equity firm Apax Partners said Tuesday that it completed a tender offer for the common shares of Bankrate Inc. as part of its plan to acquire the consumer finance Web site operator and take it private in a deal valued at about $570.8 million.
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AP - Taylor, Bean & Whitaker Mortgage Corp. said Monday it filed for bankruptcy protection after moves this month by regulators led to a virtual shutdown of what had been one of the nation's biggest independent mortgage bankers.
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AP - Ten state attorneys general and four federal agencies are forming a task force to combat mortgage fraud.
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Reuters - Taylor, Bean & Whitaker Mortgage Corp filed for Chapter 11 bankruptcy protection and said it may liquidate, three weeks after it closed its mortgage lending business and was suspended by a federal agency.
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AP - Guaranty Bank became the second-largest U.S. bank to fail this year after the Texas lender was shut down by regulators and most of its operations sold at a loss of billions of dollars for the U.S. government to a major Spanish bank.
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AP - Personal finance and business software maker Intuit Inc. on Thursday posted a wider loss for its fiscal fourth quarter as revenue slipped while expenses rose.
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AP - WHAT HAPPENED?: A quarterly report released Thursday by the Mortgage Bankers Association found that more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure.
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AP - With the recession throwing thousands of people out of work daily, more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure.
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AP - Personal finance and business software maker Intuit Inc. on Thursday said it expects a wider fiscal first-quarter loss than Wall Street analysts forecast.
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