Saturday, 10 May 2008 | Source: The New York Times
As American homeowners fall behind on their mortgages in growing numbers, bankers and policy makers worry that while many of these people cannot pay, some simply will not.
Friday, 9 May 2008 | Source: The Associated Press
Stewart Information Services Corp., a real estate information and title insurance provider, said Friday its losses during the first quarter were larger than originally reported because of a previously missed charge of $4.6 million.
Friday, 9 May 2008 | Source: The Associated Press
Microsoft Corp.'s withdrawal of its $47.5 billion bid for Yahoo Inc. dominated headlines at the beginning of the week, sending shares of the iconic Web content provider plunging $4.30, or 15 percent. The stock closed Monday at $24.37 in more than six times the normal trading volume.
Friday, 9 May 2008 | Source: Reuters
Fannie Mae priced $4.5 billion of securities on Thursday to shore up the balance sheet of the biggest provider of financing for U.S. home loans as it grapples with the worst housing slump in decades.
Thursday, 8 May 2008 | Source: The Associated Press
Fannie Mae said late Thursday it will sell about $4.5 billion of common stock and preferred stock to raise cash after posting a $2.2 billion loss for the first quarter.
Thursday, 8 May 2008 | Source: The Associated Press
Two former owners of a defunct mortgage firm were charged on Thursday with stealing $44 million from Fannie Mae and forging paperwork in loan sales to Credit Suisse.
Thursday, 8 May 2008 | Source: The Associated Press
The worst of the nation's credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, though he acknowledged rising gas prices will blunt the effect of 130 million economic stimulus checks.
Wednesday, 7 May 2008 | Source: The Associated Press
Treasury Secretary Henry Paulson on Wednesday endorsed moves by Fannie Mae and Freddie Mac to expand their roles in the stricken mortgage market while pressing for greater oversight of the struggling government-sponsored companies.
Wednesday, 7 May 2008 | Source: The Associated Press
Pending home sales dropped to a new low in March, an industry group said Wednesday, signaling the housing slump has yet to bottom out even as the spring sell season gets under way.
Wednesday, 7 May 2008 | Source: Reuters
Financial markets expect Fannie Mae, the biggest provider of funding for U.S. home loans, can reverse losses by applying $6 billion in fresh capital toward profitable investments, the company's federal regulator told CNBC on Wednesday.
Wednesday, 7 May 2008 | Source: Reuters
Financial markets believe Fannie Mae,
the biggest provider of funding for U.S. home loans, can
reverse losses by applying fresh capital of $6 billion toward
profitable investments, the company's federal regulator told
CNBC on Wednesday.
Wednesday, 7 May 2008 | Source: Reuters
BOSTON (Reuters) - Financial markets believe Fannie Mae,
the biggest provider of funding for U.S. home loans, can
reverse losses by applying fresh capital of $6 billion toward
profitable investments, the company's federal regulator told
CNBC on Wednesday.
Tuesday, 6 May 2008 | Source: Reuters
U.S. Treasury Secretary Henry Paulson
said U.S. financial markets are emerging from the credit crunch
that many economists believe has pushed the country to the
brink of recession, according to The Wall Street Journal.
Tuesday, 6 May 2008 | Source: Reuters
NEW YORK (Reuters) - U.S. Treasury Secretary Henry Paulson
said U.S. financial markets are emerging from the credit crunch
that many economists believe has pushed the country to the
brink of recession, according to The Wall Street Journal.
Tuesday, 6 May 2008 | Source: The Associated Press
Standard & Poor's Ratings Services may downgrade Freddie Mac ratings on concerns the government-backed mortgage lender's losses will continue to mount amid a worsening housing crisis.