· Fannie Mae and Freddie Mac, both controlled by the U.S. government, stuck the four biggest U.S. banks with losses of about $5 billion on buybacks in 2009, according to company filings made in the past two weeks. The surge shows lenders are still paying the price for lax standards three years after mortgage markets collapsed under record defaults.
Paul Ferley, economist at Royal Bank of Canada, said the newly revised debt levels are close to the peak witnessed in the U.S. at the height of the subprime mortgage crisis. The U.S. debt-to-income ratio is now in the 140% range after Americans deleveraged after the recession.
A pair of U.S. Forest service scooper planes arrived in the area late Thursday afternoon to help with the Mendocino Complex Fires. In this video, one of the planes can be seen skimming the surface of Lake Mendocino to refill its water storage tank before heading back to the fire line. Chris Pugh-Ukiah Daily Journal.
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Former Florida mortgage executive pleads guilty to widespread robo-signing The pimping charge against Ferrer was dismissed by the California courts in 2016 on the grounds of Section 230 of the Communications Decency Act, but in 2018 Ferrer ultimately pleaded guilty in California to money laundering and agreed to give evidence against the former co-owners of Backpage, Mike Lacey and Jim Larkin.Glen of Imaal Terrier: An Uncommon Competitor – american kennel club Glen of Imaal terrier loses in Best of Group competition. "I’ve just finished crying.". The 43-pound purebred terrier is one of about 600 Glens in the United States and is ranked third among them by the American Kennel Club. The AKC first recognized the breed in 2004. The species is native to County Wicklow, where they were bred to kill vermin and turn cooking spits on Irish farms.
Debt Rattle, October 2 2008: Showboating. Banks have recorded almost $600 billion in writedowns and losses tied to the U.S. mortgage market since the start of 2007.. with Japanese automakers reporting the same kind of double-digit declines that hit U.S. brands earlier this year when the.
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2006–Pakistan hit an Islamic school near the Afghan border, killing at least 80 suspected militants. 2008–the U.S. gross domestic product dropped 0.3%, the first decrease in the GDP in 17 years. 2008–Nine explosions in four towns in northern India killed at least 39 people and wounded more than 100, police said. World News Capsules: 1.
Its stock price has fallen about 31% in the past 12 months, closing at $36.84 Friday on the New York Stock Exchange, while the Dow Jones Wilshire U.S. Food and Beverage Index is up 5.6% over that same period. Hershey also is one of several candy companies under a price-fixing probe by antitrust authorities in the U.S., Canada and Europe.