MORTGAGE

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Investor Gundlach feared his new firm would fail

Jeffrey Gundlach thought it was "quite likely" that DoubleLine Capital, the firm he launched after being fired by his former employer, was going to fail six months after its formation, he said in court.

U.S. Stock Market: Is Dow 11,000 the Bottom?

U.S. Stock Market
Debt concerns in Europe and a tepid U.S. economy have made for a bumpy stock market of late, to day the least. However, because one-day events can deceive, let's pull the lens back and do a condensed, cross-methodological analysis of the Dow Jones Industrial Average, to see if it reveals any long-term clues.
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Casey Anthony

Casey Anthony Wins Most Hated Person in the America Contest

Casey Anthony, the woman accused and subsequently acquitted of killing her two-year-old child using chloroform and duct tape, came in at first place as "The Most Hated Person in America" in a survey conducted by research company E-Poll Market Research, polled 1,100 people aged 13 and older.The poll found that 53 percent of study participants knew who Casey Anthony was and that 94 percent of those who knew who she really disliked her. 57 percent of those polls said that she is "creep...
Chinese companies on a Foreign Foray

Is China left holding the credit baby?

August's dramatic financial shock, which is now both feeding off and risks fueling another economic downturn, may well introduce a third phase of the four-year-old global credit crisis -- the infection of the ultimate creditors.
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REFILE-S&P balks at SEC proposal to reveal rating errors

Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose "significant errors" in how they calculate their ratings.
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Bonds fund star Gundlach to face grilling at trial

Jurors will finally have a chance to hear directly from Jeffrey Gundlach when the outspoken "king of bonds" takes the stand, expected as soon as Wednesday, in his high-stakes courtroom battle with his former employer, Trust Company of the West.
A Wells Fargo bank is pictured in Dallas

Wells Fargo Upgraded at FBR Capital

FBR Capital Markets upgraded its rating on shares of Wells Fargo & Co. (NYSE: WFC) to "outperform" from "market perform" while maintaining its price target of $31 as valuation was too attractive to ignore.
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SEQUAL standards to become law

New legislation for the reverse mortgage industry would enshrine in law many standards already applied by the industry body.
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Dow Loses 4%; Nasdaq, S&P Lose 5%

The Dow lost four percent in trading mid-day Monday, while the Nasdaq and S&P lost five percent. President Barack Obama addressed downgrade Monday, but the markets dropped further after his comments.
Five-tael (6.65 ounces or 190 grams) gold bars are seen at a jewellery store in Hong Kong in this April 21, 2011 illustration photo.

Gold hits record over $1,715/oz as risk assets slip

Gold vaulted above $1,700 an ounce for the first time on Monday after pledges by the G7 and the European Central Bank to quell the turbulence in the financial markets did nothing to put investors at ease.
For Discussion: The American Dream

S&P Downgrades U.S. Credit Rating - How Will It Affect Your Stocks, Bonds?

S&P?s stunning and controversial downgrade Friday in part reflected the firm?s assumptions about the U.S. political system?s ability to solve its problems. Others hold a more optimistic view, as Winston Churchill did. Churchill said, ?In the end, you can count on America to do the right thing - after she?s exhausted all other possibilities.?

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