ABC News: More Trouble May Be Found at Fannie Mae
WASHINGTON Apr 26, 2005 , The accounting problems that have rocked Fannie Mae may run even deeper, the federal regulator overseeing the mortgage giant suggested Tuesday.
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Fannie Mae mounts partial comeback after taking big hit Shares of Fannie Mae staged a partial comeback Thursday after sustaining a major hit in the previous session following a report saying investigators have found more accounting violations at the
Equity Losses Aren't Felt Evenly As a homeowner, seller or buyer, what should you make of the Federal Reserve's latest report on Americans' declining home-equity positions? read more...
Housing Crisis Looms Larger in Campaign The sour real-estate market is taking on added significance in the presidential race as candidates look for votes in foreclosure-heavy states such as Michigan, Nevada and Florida. read
CIBC loses $1.1B Canadian Imperial Bank of Commerce posted a net loss of $1.11 billion in the second quarter as it booked a massive hit tied to the credit market.read more...
New mortgage products could help, Bernanke says (Market Watch) WASHINGTON (MarketWatch) -- The private sector and Congress should create new, affordable mortgage products that would help some homeowners refinance their mortgages and keep their homes, Federal Reserve Chairman Ben
Private-lender founder says rapid growth killed company Thomas Hantges, founder and majority shareholder in USA Capital, on Friday said the $950 million asset private lender filed for bankruptcy protection a week ago because of too-rapid growth.read more...