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- Aug. 5 (Bloomberg) -- Fannie Mae , the largest U.S. mortgage- finance company, will raise a fee it charges lenders to buy their mortgages or guarantee home-loan securities, a move that may increase costs for borrowers. Fannie Mae's ``adverse market ...
- Freddie Mac (NYSE: FRE ) Issues a Response To New York Times Article "At Freddie Mac, Chief Discarded Warning Signs." FREDDIE MAC RESPONDS TO THE NEW YORK TIMES Charles Duhigg's story ("At Freddie Mac, Chief Discarded Warning Signs," August 5) fell ...
- Unheeded warnings four years ago about the quality of loans it was financing are now coming back to haunt Freddie Mac FRE CEO Richard Syron. The New York Times on Monday reported that former risk officer David Andrukonis in 2004 sent a memo to Syron ...
- Jennifer Crane, owner of Crane Property Management, places a for-rent sign in front of a home on Siskiyou Boulevard on Wednesday. The slowdown in real estate has stimulated the rental market for both renters and rentees. Property managers said they ...
- "Thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and thou hast forgotten me saith the Lord." - Ezekiel 22:12 (King James The present economic slowdown, which Bush and his Wall Street financial advisors ...
- This weekend, while absent-mindedly flipping channels, I found myself sucked into a Suze Orman presentation on PBS called "Women & Money ." Her advice isn't about compiling mountains of money while you screw a Brazilian hottie on top of a mound of ...
- Resize Turmoil in the housing market has led to fears that home prices will drop precipitously, particularly if foreclosures force large numbers of homes onto the market in the coming year. Recently, these fears have driven financial stocks down and ...
- Turmoil in the housing market has led to fears that home prices will drop precipitously, particularly if foreclosures force large numbers of homes onto the market in the coming year. Recently, these fears have driven financial stocks down and led to ...
- Buying all those Lexus hybrid patrol cars for the Beverly Hills cops last year was awfully generous of you. You didn’t know you did that? Odds are neither did your congressman when he voted on it. The Beverly Hills cops get to cruise around in ...
- BANKS cut their rates and relaxed their criteria last week despite warnings that the shortage in home-loan finance will persist until 2010, writes Ali Hussain. Sir James Crosby’s interim report on mortgage funding, published last week, warned the ...
- Maybe we're wrong in simply blaming adjustable-rate loans for creating the quagmire in which the housing market is foundering. It turns out, the quasi-governmental Fannie Mae and Freddie Mac played a major role in the mess, as did private mortgage ...
- Maybe we're wrong in simply blaming adjustable-rate loans for creating the quagmire in which the housing market is foundering. It turns out, the quasi-governmental Fannie Mae and Freddie Mac played a major role in the mess, as did private mortgage ...
- Our housing finance system has been broken for quite some time, creating perverse incentives for borrowers and lenders. We have now reaped the consequences, and a major financial bailout of the system is probably inevitable. Conservatives can rightly ...
- For the week, the Dow dipped 0.4% (down 14.6% y-t-d), while the S&P500 added 0.2% (down 14.2%). The Morgan Stanley Cyclicals jumped 1.6% (down 14.5%), and the Morgan Stanley Consumer index added 0.7% (down 9.2%). The Transports slipped 0.2% (up 8.3 ...
- It works for grocers. It works for retailers. Now developer Chris Garwood is trying the same strategy: Cutting prices in hopes of boosting sales. Garwood completed construction of 2030 N. Pacific Ave., a three-story building with 70 luxury condos, in ...
- When too many condominium owners lose their units to foreclosure, condo associations feel the financial pain. That's bad news for homeowners and real estate investors who depend on these associations to take care of building maintenance, property ...
- Americans are now tasting the sour fruits of unaffordable mortgages: foreclosure, bankruptcy, falling markets. The nation, too, is staring at overwhelming debt, made worse by this week's forecast of a whopper federal deficit. Washington mustn't let ...
- It looks as though Jim Cramer and Doug Kass are locking horns again -- this time on the likelihood of a housing recovery in the near future. Jim Cramer Cheap Housing Markets Will Sow the Seeds of a Rebound 7/31/2008 7:23 AM EDT This blog post ...
- VISTA – When ABC television needed to fill a rotating display case at The Pie Hole, the fictional restaurant in its quirky comedy “Pushing Daisies,” its creative team discovered that using real pies had its drawbacks. The network would freeze ...
- LONDON - InBev's $45-billion loan backing its acquisition of Budweiser brewer Anheuser-Busch is edging towards completing the first phase of syndication after the deadline for commitments was extended into this week. Around 20 of Inbev's closest ...
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