Author: InvestAdvocate

Processing delays slow foreclosure activity in 1Q

Report: Foreclosure activity slowed in 1Q amid processing backlog, but March may signal uptick Alex Veiga, AP Real Estate Writer LOS ANGELES (AP) — Lender processing delays reduced the number of U.S. homes taken back by banks in the first three months of the year and contributed to a sharp […]

S’African bank, Sterling in advanced investment talks

By Ademola Alawiye South Africa’s second biggest bank, FirstRand Limited, is in advanced negotiations with Sterling Bank Plc over a strategic investment deal in the Nigerian financial institution. Our correspondent gathered from a source close to the deal that the discussion had reached an advanced stage, with the South African […]

Senator questions Goldman execs’ testimony

Senator questions Goldman executives’ testimony from last year after panel finds new evidence Marcy Gordon, AP Business Writer WASHINGTON (AP) — The head of a Senate panel investigating the financial crisis is questioning the accuracy of testimony Goldman Sachs executives gave to Congress last year about whether the firm steered […]