Judge Tells Freddie Mac to Stop Withholding $60M in Ex-CEO&#39;s Pay
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September 01, 2004 - The former chief executive of mortgage giant Freddie Mac will receive about $60 million in compensation that was withheld by the company on orders from its regulator.
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Michael Jackson is ordered by a US court to pay $60,000 (Â£32,000) in legal fees to his ex-wife Deborah Rowe.
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Freddie Mac, the No. 2 US mortgage finance company, said Wednesday it may face civil action from the Securities and Exchange Commission for possible violations of securities laws.
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The boss of Countrywide Financial agrees not to take $37.5m owed to him following the bank's takeover.
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Mortgage lender Countrywide Financial  Corp  said on Monday that Chief Executive Angelo Mozilo  would relinquish his rights to receive around $37.5 million in  severance and other payments related to the company's sale to  Bank of America Corp .
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NOBLESVILLE, Ind. -- Conseco Inc. asked a state judge Tuesday for a ruling allowing the company to foreclose on its former chief executive&#39;s mansion to collect a $62.
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A Massachusetts judge has ordered Ameriquest Mortgage Co. to halt a $715 monthly increase in a Cape Cod couple's March payment and to refrain from foreclosing on their property until a lawsuit over the mortgage is resolved.
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The United States army will withhold payment of up to $60m (£32.8m) a month on future invoices submitted by Halliburton, the firm formerly run by vice-president Dick Cheney, due to a continuing dispute over work done in Iraq.
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A federal judge has temporarily blocked outgoing UnitedHealth Group Inc.  Chief Executive William McGuire from cashing in any of his unexercised stock options and collecting his retirement pay.
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A federal judge yesterday threatened sanctions against MCI Inc. for apparently violating a court order requiring approval of expenditures for lawyers and consultants while it was in bankruptcy protection.
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Bank of America Corp. said a departing executive is eligible to collect about $20.7 million in severance and other payments from the company.
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US mortgage lender Freddie Mac agrees to pay a $50m (Â£24.6m) penalty to settle charges that it massaged its earnings.
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Mortgage giant Freddie Mac announced Monday that it is shutting down some operations of its debt-securities sales division and transferring others - moves that experts said should tighten the company&#39;s internal controls after an
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Northern Virginia commercial finance company MCG Capital Corp. said it fined its recently departed chief executive $25,000 for not paying interest on personal loans made to him by the company.
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WASHINGTON - Mortgage finance company Freddie Mac yesterday agreed to pay $50 million to settle Securities and Exchange Commission charges that it fraudulently misstated earnings over four years.
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Countrywide Financial Corp. ,  the largest U.S. mortgage lender, on Friday told its brokers to  stop offering borrowers the option of no-money-down home loans,  according to a document obtained by Reuters.
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Morgan Stanley said on Friday that its chief executive, John J. Mack, received compensation valued at about $41.7 million in 2007, a year when the earnings of the investment bank declined 57 percent.