Nevada Bad Credit Mortgage

On Verge of Historic Rate Shift, Japan Bank Chief Faces Scandal

TOKYO -- Toshihiko Fukui, the Bank of Japan's genial, unassuming governor, can't seem to stay away from scandal.

In 1998, he was a deputy governor contending for the top job. But an internal investigation revealed that scores of BOJ officials had been entertained by the private-sector bankers they were supposed to regulate -- including at a type of restaurant where panty-less waitresses served beef hot pots. Though not directly implicated, Mr. Fukui was forced to "take responsibility" by resigning from the bank.

For the past month, the 70-year-old Mr. Fukui has been in trouble again. Before returning to the BOJ ...

American Home Mortgage Announces Second Quarter Results

MELVILLE, N.Y., July 26 /PRNewswire-FirstCall/ -- American Home Mortgage Investment Corp. AHM announced today results for the quarter ended June 30, 2006.

Michael Strauss, American Home's Chief Executive Officer, commented, "The second quarter of 2006 was highly successful for our company. During the quarter, our portfolio net interest income reached a record $33.9 million, while our production business experienced record originations, record market share, a strong gain on sale margin and improved warehouse income. During the quarter, we continued to execute our strategy of retaining a portion of our loan production for our investment portfolio, by adding $1.2 billion of loans to our portfolio at quarter-end. These loans are carried at cost, and are expected to enhance our future portfolio earnings.

Behind Earnings' Surprising Strength

Question: When is "better than expected" a synonym for "normal"? Answer: When someone is discussing corporate earnings. The second-quarter 2006 reporting season is almost over, with only stocks in the retail sector yet to check out. And it appears as if we have our 17th straight quarter of double-digit earnings-per-share (EPS) gains for the S&P 500. .

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