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Thursday may feel like a replay of Wednesday in the markets, when Fed Chairman Ben Bernanke starts to speak to Congress, shortly after the market open.
Regulators eased investment caps on Fannie Mae and Freddie Mac, but most experts say it won't push mortgage rates lower anytime soon.
Stocks finished mostly flat Wednesday as investors juggled encouraging news on the regulation of mortage lenders with another round of bleak news on housing and the economy.
Toll Brothers reported a first-quarter loss Wednesday: the homebuilder announced a huge jump in write-downs on properties it could no longer sell profitably; and its sales fell 23 percent. So why did the company’s stock climb as much as 2.21 percent Wednesday? Thank the Office of Federal Housing Enterprises Oversight and Lehman Brothers.
Stocks fell back after rallying on renewed optimism about the struggling housing market.
The federal regulator for Fannie Mae and Freddie Mac will lift an investment cap, in a move that will free up billions of dollars for the mortgage finance companies.
Fannie Mae, the largest provider of financing for U.S. home loans, on Wednesday reported a $3.6 billion quarterly loss as the housing slump deepened, sending its shares to a 12-year low.
U.S. mortgage firms Fannie Mae and Freddie Mac would require their mortgage lending partners to have independent appraisals of home values under a deal being thrashed out with New York's attorney general, sources familiar with a draft deal said on late Monday.
U.S. stocks will face a heavy lineup of economic indicators next week and may come under pressure if any of the datapoints, particularly home sales, signal that the United States is in or headed into a recession.
Wall Street staged a dramatic turnaround Friday, shooting higher in the last half-hour of trading after word that a bailout plan for troubled bond insurer Ambac Financial could be announced next week. What's the word on the Street?
Stocks reversed what had been a down session Friday, with the Dow Jones Industrial Average rising on a CNBC report that progress is being made on a recapitalization plan that could save troubled bond insurer Ambac Financial's triple-A rating.
The dollar fell against the yen Friday, as investors shunned risky trades such as stocks and high-yielding currencies after a brokerage downgrade of the top two U.S. home-funding companies, Fannie Mae and Freddie Mac.
U.S. stocks tumbled Friday as downgrades on the two biggest home-funding companies dragged on the financial sector.
Freddie Mac, the No. 2 U.S. home funding company, said it will give its private mortgage insurance partners some relief by reducing the amount of money they must put into Freddie Mac's reinsurance system, leaving them more reserves to cover failing loans.
IndyMac Bancorp posted a $509.1 million fourth-quarter loss and suspended its dividend indefinitely Tuesday, but expects to be profitable sooner than expected as it recovers from soaring mortgage losses caused by the U.S. housing slump.
In their never-ending quest to put a positive spin on the housing market (it is, after all, their bread and butter), the Realtors (National Association of Realtors) today changed the way they report their annual housing forecast.
Not paying attention to the elections and how it might affect your portfolio? Shame on you! Here's a brief primer: health care, tobacco, Fannie Mae and more...
On Wall Street Tuesday, a bright spot will be the ticker tape parade for those Super Bowl champion New York Giants. Maybe stocks could be like the Giants. Play crummy all season, and then reverse fortunes in the final minutes.
More housing-related write-downs at U.S. banks could push them to sell more of their massive holdings of bonds issued by Fannie Mae and Freddie Mac, hitting the most stable part of the mortgage market.
Merck and Schering-Plough are being sold off in a classic case of headline overreaction, Cramer says. Don't fall for it.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.