Related Articles| Chicago man faces fraud charges for suburban mortgages Federal agents arrested Chicago resident Tomas Leiskunas, a Lithuanian national who also goes by the name of Elidijus Pocevicius, Friday in connection with a $3.7 million mortgage fraud scheme involving properties in Elmhurst, North Aurora and Palatine. |
| Fannie, Freddie Preferred Stock Downgraded By Moody's Aug. 22 (Bloomberg) -- Fannie Mae and Freddie Mac 's $36 billion in preferred stock was downgraded to the lowest investment-grade rating by Moody's Investors Service, which said the increased likelihood of ``direct support'' from the U.S. Treasury may |
| Buyout will create finance giant Bank of America is buying Merrill Lynch for about US$50 billion in a deal that should lift the uncertainty shrouding Merrill since the credit crisis began over a year ago, according to a person briefed on the deal. |
| Treasury briefs candidates on plan to seize Fannie, Freddie The widening housing crisis took center stage on the presidential campaign trail Saturday after the Treasury Department confirmed to the candidates it was preparing a historic seizure of mortgage finance giants Fannie Mae and Freddie Mac. |
| Winnebago County to review investment approach OSHKOSH - Winnebago County officials want banks to back all its future investments with collateral in light of the number of financial institutions collapsing beneath a national credit crunch. |
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