Fannie Mae tightens lending standards (AP)

AP - Battered by a tidal wave of loan defaults, mortgage finance company Fannie Mae is tightening standards for the adjustable-rate and interest-only loans that fed the housing boom and contributed to the bust.

Goldman shares plunge as feds open criminal probe (AP)

AP - Shares of Goldman Sachs Group Inc. plunged 9 percent Friday after word that the Justice Department had opened a criminal investigation of the Wall Street powerhouse over mortgage securities deals it arranged.

Goldman shares slide on criminal-probe concerns (AP)

AP - Shares of Goldman Sachs Group Inc. tumbled Friday on concern that the government is launching a criminal investigation into some of the New York investment bank's mortgage securities deals.

Visteon 1Q up on sales, cost-cutting (AP)

AP - Auto parts supplier Visteon Corp. said Friday that its first-quarter earnings rose sharply on higher sales and a gain from the company's termination of its retirees health and life insurance benefits.

U.S. starts criminal probe into Goldman: source (Reuters)

Reuters - Federal prosecutors in New York have begun investigating Goldman Sachs Group Inc, raising the possibility of criminal charges against the company or its employees, a source familiar with the situation said on Thursday.

Gov’t to rate how lenders treat borrowers (AP)

AP - The Treasury Department is planning to rate mortgage companies on how they treat customers as part of the Obama administration's $75 billion foreclosure relief effort.

JPMorgan to cease tax-refund loans to paid preparers (Reuters)

Reuters - JPMorgan Chase & Co will no longer offer independent U.S. tax preparers financing for tax-refund loans, a company spokesman said.

Geithner vows crackdown on mortgage servicers (Reuters)

Reuters - Treasury Secretary Timothy Geithner on Thursday slammed mortgage service companies for failing to do enough to help Americans avoid losing their homes and promised to crack down on shoddy practices.

Mortgage rates stay above 5 pct (AP)

AP - Average rates for 30-year fixed mortgages slipped this week, but stayed above 5 percent for the fifth straight week, Freddie Mac said Thursday.

Pru gets South Korea anti-trust nod for AIA deal: FTC (Reuters)

Reuters - Britain's Prudential Plc has secured South Korean anti-trust approval for its planned $35.5 billion takeover of American International Group Inc's Asian life insurance business, a Korean Fair Trade Commission (FTC) official said. told Reuters on Thursday.

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