Mortgage and Financial News From 2008-7-12 Page 3
Previous Day: 2008-07-11
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The Companies That Control The Mortgage Market (NPR)
Susan Wachter, professor of financial management and real estate at the University of Pennsylvania's Wharton School of Business, gives a history lesson in the mortgage industry — this week's stars are "Fannie," "Freddie" and "Indy."
2008-07-12 05:26:46 -
Reuters Canada Business Summary (The Globe and Mail)
LONDON (Reuters) - Canada's Bombardier looked set on Saturday to announce the long-awaited launch of its CSeries airliner in a bid to end a transatlantic duopoly held by Boeing and Europe's Airbus .
2008-07-12 05:35:36 -
The Silence of the Lenders (NYTimes.com via Yahoo! Finance)
While big lenders and loan servicers maintain that they’re doing all they can to help imperiled borrowers, critics contend that homeowners routinely meet roadblocks.
2008-07-12 05:38:24 -
Protected by Washington, Fannie and Freddie Grew (NYTimes.com via Yahoo! Finance)
Helped by their lobbying, the imperiled mortgage finance companies resisted stronger oversight as they expanded.
2008-07-12 05:38:25 -
Fannie and Freddie Skid, and Markets Slide (NYTimes.com via Yahoo! Finance)
Concern about the stability of Fannie Mae and Freddie Mac, the two mortgage-lending giants, weighed on the markets and sent stocks down again last week.
2008-07-12 05:38:26 -
The Fannie and Freddie Fallout (NYTimes.com via Yahoo! Finance)
The advantages that the mortgage giants gained from their unique arrangement with the federal government were huge. Now it looks as if the bill is coming due.
2008-07-12 05:38:26 -
Fannie, Freddie central to US housing market (The Economic Times)
You can't get a mortgage from Fannie Mae and Freddie Mac, the huge U.S. housing finance companies whose financial health has rattled markets and raised the specter of a government bailout this week.
2008-07-12 05:54:00 -
US mortgage giants' crisis sparks fear for British banks (Daily Mail: World News)
Emergency talks were being held this weekend to rescue America’s two biggest mortgage companies amid fears their collapse could hit UK markets.
2008-07-12 05:58:39 -
Debt consolidation - This is Money
Consolidating debts can reduce your monthly outgoings, take the hassle out of juggling several different debts a month and reduce the worry of tarnishing your credit rating. That's the message from debt consolidation companies. In practice, its not ...
2008-07-11 08:54:00 -
Frustrated with gas prices? Ditch the ride! - MSNBC
Despite what $20 billion of automobile advertising every year would have us all believe, buying or leasing a car, truck, or SUV is the worst financial move most people make in their lifetime. And they make this mistake again and again, at a cost of ...
2008-07-11 11:36:00 -
When faith is frayed - Los Angeles Times
On Friday, rumors swamped financial markets that the federal government would be forced to step in to aid mortgage-finance giants Fannie Mae and Freddie Mac, which together own or guarantee $5 trillion in U.S. home loans.
2008-07-12 10:30:00 -
Wall Street hit by bank jitters - News.com.au
WALL Street sustained a fresh bruising in the past week as renewed concerns over the financial health of major banks and two large mortgage-financing firms shook investor confidence. The main market indexes have entered "bear market'' territory with ...
2008-07-12 10:52:00 -
Fannie and Freddie: A wild ride - CNN Money
The fall of IndyMac Regulators seize troubled IndyMac Senate passes housing bill amid turmoil You're already paying for Fannie and Freddie NEW YORK (CNNMoney.com) -- The anxiety over Fannie Mae and Freddie Mac, crucial to a recovery of the battered ...
2008-07-12 01:51:00 -
IndyMac Collapses Under Financial Woes - NPR News
Jeff Chen, an IndyMac Bank customer, reads a notice stating that the Pasadena, Calif., branch is temporarily closed on Friday. AP On a day in which fear and turmoil swept through the financial markets, the biggest victim was a bank that specialized ...
2008-07-12 02:19:00 -
Paulson cool to shield Fannie/Freddie investors-WSJ - Forbes
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson is insisting that if Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) need rescuing, the plan should not benefit shareholders of the giant mortgage finance ...
2008-07-12 01:29:00