Bank of America's Countrywide Bet May Bolster Mortgage Market - Bloomberg
PR-Inside.com (Pressemitteilung)Bank of America's Countrywide Bet May Bolster Mortgage MarketBloomberg - 26 minutes agoBank of America, the second-biggest US bank, gets shares that yield 7.25 percent and can be converted into common stock at a price of $18, Calabasas, …a tale of two Wall Streets Washington PostBank of America to invest $2 bln in Countrywide: WSJ Reuters.ukBank of America to invest $2B in Countrywide CNNMoney.comTurkish Press - Forbesall 661 news articles

2Q bank profits down amid mortgage defaults (KRGV-TV Texas)
WASHINGTON (AP) - Surging mortgage defaults ate into the bottom line of U.S. banks and thrifts in the second quarter. The Federal Deposit Insurance Corporation says profits fell 3.4 percent.

Toll Brothers Profit Drops on Writedowns, Weak Demand (Update6) - Bloomberg
Canada.comToll Brothers Profit Drops on Writedowns, Weak Demand (Update6)Bloomberg - 8 hours ago“If the housing market remains depressed, however, and the gridlock in the mortgage markets is prolonged, Toll may be exposed to more writedowns of its …Toll 3Q Profit Drops on Cancellations ForbesToll Brothers's Net Profit Falls 85% Wall Street JournalBuilder: Credit crunch may shrink pool of buyers Inman.com (subscription)Bizjournals.comall 210 news articles

Mortgage defaults cause profits at financial institutions to fall (The Kansas City Star)
WASHINGTON | Surging mortgage defaults whacked U.S. banks and thrifts in the second quarter.