Mortgage Giants Avert Potential Disaster (Minneapolis-St. Paul Star Tribune) WASHINGTON (AP) - A potential financial disaster that could have shaken the housing market was averted because regulators discovered accounting failures at Fannie Mae and Freddie Mac, the new head
Why would Fed delay revision of rules? The Federal Reserve Board has signed off on new rules to help the rising tide of mortgage delinquencies by barring lenders from making loans without proof of a borrower's income
Home, landscape and garden show starts today The Hutchinson Area Home, Landscape and Garden Show features a variety of exhibitors ranging from windows and siding to veterans affairs. via Hutchinson Leader - Newspaper and onl... read
Thornburg Mortgage Plunges on Bankruptcy Worry (NYTimes.com via Yahoo! Finance) The company said it has failed to meet a surge in margin calls, raising concern the jumbo mortgage lender might file for bankruptcy and causing its shares to plummet.read
If Interest Rates Turn Upside Down, Look Out ALAN GREENSPAN, the chairman of the Federal Reserve, is upbeat - but still worried.read more...
Retailer beats analysts' estimates Kingfisher Plc, Europe's largest home-improvement retailer, said first-quarter profit climbed 8.9 percent, beating analysts' estimates, after it offered fewer promotions and reduced costs.read more...
Stock investors smarting from months of volatility are hoping this holiday-shortened week provides signs of a badly needed year-end rally.
The days leading up to Thanksgiving which in recent years have been positive for stocks will bring readings on the housing market, minutes from the Federal Reserve’s meeting last month, and earnings reports including results from major retailers. The data should keep investors busy as they stare down tumbling home prices, billions of dollars of losses at banks that made losing bets on subprime mortgages, and crude oil flirting with $100 a barrel. Read more
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