Mortgage and Financial News From 2008-7-12 Page 6
Previous Day: 2008-07-11
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Markets plunge in fresh US housing crisis (Mail and Guardian)
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2008-07-12 12:19:05 -
New financial crisis hits home (The Fort Collins Coloradoan)
WASHINGTON - The last thing the Bush White House and the rest of the country needed in these economically trying times was another financial crisis. But they got one.
2008-07-12 04:20:35 -
Recession fear as property hit (Herald Sun)
PROPERTY values in Melbourne and every state have slumped, with more than 50 per cent of Australian homes losing value last month.
2008-07-12 07:00:00 -
U.S. Stocks Bear Market Deepens With Sixth Straight Weekly Drop (Bloomberg.com)
July 12 (Bloomberg) -- U.S. stocks fell for a sixth week, sending the Standard & Poor's 500 Index into a bear market , as fuel prices climbed to records and investors speculated Fannie Mae and Freddie Mac won't survive the mortgage crisis.
2008-07-12 08:56:30 -
Mortgage Rates Still Far Below Year-Ago Levels - Street.Com
There were "no big changes" in mortgage rates this week, as two reports provided a mixed picture of the housing market, according to Freddie Mac's FRE weekly survey. Still, rates are far below year-ago levels. A 30-year fixed mortgage posted an ...
2008-07-10 08:38:00 -
Mortgage Rates Change Little in Week - CNBC
U.S. 30- and 15-year mortgage rates saw little change in the latest week, according to a survey released Thursday by mortgage funding company Freddie Mac . U.S. 30-year mortgage rates averaged 6.37 percent, up slightly from 6.35 percent a week ago ...
2008-07-10 09:14:00 -
Fannie Sinks, Freddie Recovers in Biggest Trading Day on Record - Bloomberg
July 12 (Bloomberg) -- Some investors in Fannie Mae and Freddie Mac suffered their worst single-day loss ever yesterday. Others may have doubled their money. The biggest sources for U.S. home-mortgage financing seesawed in the heaviest trading on ...
2008-07-12 01:48:00 -
Stalemate spells disaster for disabled homes (Alameda Times-Star)
Some owners of homes for disabled children and adults say they can't get loans because of the national mortgage crisis.
2008-07-12 06:16:52 -
This week in history (Farmington Press)
40 Years Ago From The Farmington Press, July 4-11, 1968 • The signs at the entrance to Farmington were corrected to read “City of Tradition and Progress” after they were delivered and discovered to mistakenly say “City of Traditional Progress”.
2008-07-12 06:25:37 -
Fannie Mae, Freddie Mac: The $5 trillion mess (Fortune via Yahoo! Finance)
They own or guarantee $5 trillion worth of mortgages - nearly half of all the country's outstanding home loan debt-and they're crashing. Big time.
2008-07-12 06:26:00 -
Fannie, Fed chief and data to rule stocks week ahead (Khaleej Times)
NEW YORK - The bears have Wall Street cornered and they just won't let go. The coming week is almost sure to be a rocky ride for the U.S. stock market as investors fret about the stability of Fannie Mae and Freddie Mac, the government-sponsored home finance companies.
2008-07-12 06:31:08 -
Time to Let Fannie and Freddie Wither? (BusinessWeek)
In good times, they were superfluous. Now they're only as good as their U.S. guarantee
2008-07-12 06:36:26 -
Fannie, Freddie Take Down Wall Street (TheStreet.com)
The major indices drop as questions swirl around the health of government-sponsored mortgage buyers.
2008-07-12 06:50:22 -
Editor’s Note: Get FREE Expert Career Advice You Can Count On! - FOX News
Each month, our executives provide readers like you with answers to tons of questions that you'd ask your boss if you had the chance. Our editorial team hand-picked these experts based on their knowledge and experience in their respective industries ...
2008-07-10 05:56:00 -
Brokers turn to the hard sell to survive - Financial Times
Mortgage brokers are laying off staff, giving the hard sell on insurance products and cold-calling past clients as they battle to survive a slowdown in housing transactions and the drying up of credit. Business volumes have plummeted in recent months ...
2008-07-11 07:50:00