Fannie Mae posts $3.6 billion loss
Fannie Mae , the largest provider of financing for U.S. home loans, on Wednesday reported a $3.6 billion quarterly loss as the housing slump deepened, sending its shares to a 12-year low. via MSN Money
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Paulson Says U.S. May Expand Mortgage Aid (NYTimes.com via Yahoo! Finance) The Treasury secretary said the administration was in talks with the mortgage industry to expand a program that freezes adjustable rate mortgages for five years to include borrowers of
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It's a Good Time to Look Into Refinancing Q: Last week's Real Estate section reported that mortgage rates around the country fell, "with rates on 30-year mortgages dipping to the second-lowest level of the year, pushed down
US mortgage crises not yet over (TVNZ) Citigroup and Merrill Lynch are due to deliver their first-quarter results. They are likely to indicate the worst of the sub prime mortgage crisis may not yet be over.read more...
Risky Mortgage Woes Set To Move Up Credit Quality Ladder (Nasdaq) (This story was originally published Wednesday.) NEW YORK -(Dow Jones)- Although trouble in the market for subprime mortgage loans has up to now hogged the spotlight, investors are starting to
Rubio Corrects Disclosure Errors House Speaker Marco Rubio on Tuesday described his failure to disclose a $135,000 home equity loan on his 2006 financial disclosure statement as an embarrassing mistake. more» read more...
February 26th, 2008
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