Mortgage and Financial News From 2008-7-14 Page 8
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Fannie,Freddie Rescue Gives Builders Relief But Not Recovery - CNN Money
NEW YORK -(Dow Jones)- Home builders can breathe a sigh of relief...for a while: Thanks to a government lifeline, it seems unlikely that mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) will collapse. While that injects the ailing sector with ...
2008-07-14 01:12:00 -
Global market relief on U.S. move to rescue beleaguered mortgage ... - International Herald Tribune
WASHINGTON : After a week in which investors suffered a crisis of confidence in the two largest U.S. mortgage finance companies, global markets reacted with relief Monday to news that Washington was orchestrating a sweeping rescue of the businesses ...
2008-07-14 01:27:00 -
Nevada couple with 12 adopted children face foreclosure - KRNV
RENO (AP) -- The mortgage meltdown has claimed some young victims: a Reno-area couple and their 12 adopted children, ages 3 to 16. Dave and Kathy Bain of Spanish Springs are facing foreclosure on their 3,400-square-foot home after falling behind on ...
2008-07-14 07:14:00 -
Fed acts to stamp out deceptive mortgage practices - Washington Post
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Monday said new final mortgage rules are aimed at protecting consumers from deceptive lending practices that led to many unaffordable subprime loans. Bernanke, in opening remarks at a ...
2008-07-14 09:16:00 -
US Treasury to support stricken Fannie Mae, Freddie Mac (Deutsche Welle)
The United States government has announced sweeping measures to support the nation's two largest mortgage finance companies Freddie Mac and Fannie Mae. The move guarantees both companies' debts and is being led by Treasury Secretary Henry Paulson, in a move to shore up confidence in their survival.
2008-07-14 02:16:14 -
More Economy Pages (Heritage Foundation)
The upward march of retail gasoline prices has affected U.S. households regardless of whether their members drive, take public transportation, or walk.
2008-07-14 02:16:22 -
Bank problems affecting prospective home buyers (WTOL 11 Toledo)
But if you're a qualified buyer and can afford it, the time to invest in real estate is now, some say.
2008-07-14 02:17:21 -
Fed adopts plan to curb shady mortgage practices (The Kansas City Star)
For Roxanna Evans, the Fed's new rules to crack down on abusive lending practices, approved Monday, came too late.
2008-07-14 02:17:39 -
M.D.C. Holdings Announces Succession Plan for Chief Financial Officer (PR Newswire via Yahoo! Finance)
M.D.C. Holdings, Inc. today announced that Christopher M. Anderson has joined MDC as Senior Vice President - Finance. Upon the retirement of Paris G. Reece III as an officer of the Company and appointment by the Board of Directors, Anderson will move into the Chief Financial Officer role.
2008-07-14 02:20:00 -
FDIC halts foreclosure on IndyMac mortgages: Bair (Reuters via Yahoo! News)
The Federal Deposit Insurance Corp has temporarily halted any foreclosures on the $15 billion of bank-owned mortgage loans found in IndyMac's portfolio, FDIC Chairman Sheila Bair said on Monday.
2008-07-14 02:20:41 -
Anxious IndyMac Customers Wait For Money (KCTV 5 Kansas City)
IndyMac customers wait to pull as much of their money as possible out of the failed financial institution.
2008-07-14 02:22:44 -
Jesse Jackson Has A Point! - Slate
Didn't subprime poster villain Angelo Mozilo do Barack Obama a big favor by compromising Obama's initial VP vetter, Jim Johnson, with favorable loans, causing Johnson to step down from his position? How bad would today's headlines be for Obama if ...
2008-07-14 11:32:00 -
How The Government Would Bail Out Fannie Mae, Freddie Mac - Huffingtonpost.com
Compare 07:53 AM EST 07:51 AM EST 07:36 AM EST 07:34 AM EST 06:27 AM EST 04:29 AM EST 04:28 AM EST 04:26 AM EST 02:45 AM EST 12:47 AM EST and 07:53 AM EST 07:51 AM EST 07:36 AM EST 07:34 AM EST 06:27 AM EST 04:29 AM EST 04:28 AM EST 04:26 AM EST 02 ...
2008-07-14 06:24:00 -
ANALYSIS-Forced sales loom over UK property scene - Forbes
LONDON, July 14 (Reuters) - Britain's economic slowdown heralds a wave of forced commercial property sales that could yet tip a downturn in real estate markets into a 1990s-style property crash. Some new buildings could be left empty, while others ...
2008-07-14 09:09:00 -
New financial world dawns today - Atlanta Journal Constitution
The morning’s headline are likely to make this a rough day on Wall Street: “Feds will offer lifeline to 2 mortgage giants.” The huge Bear Stearns financial services firm essentially disappeared in a single weekend. Can Fannie Mae and Freddie ...
2008-07-14 06:03:00