Buffett: Fannie, Freddie too big to fail
Billionaire investor Warren Buffett said Friday he believes mortgage giants Fannie Mae and Freddie Mac are too big to fail, but shareholder equity in those companies could be wiped out.
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Mortgage, credit woes drain earnings at regional banks (Market Watch) A quartet of regional banks reported steep declines in profit on Tuesday as lenders continued to be knocked by turmoil in credit and mortgage markets.
National Housing Bubble Will Burst, Consumers Say More than 70% think home prices will collapse within the next year, according to a new survey. However, 56% say it's unlikely to occur in their area.read more...
Question: How does a government minister claim a mortgage allowance when his home doesn't qualify? Answer: Simple. He ... (Sunday Herald) minister is at the centre of a row over an extraordinary property switch that has allowed him to claim over £15,000 through a publicly funded mortgage scheme.read more...
College campuses go green Going green to shape a world where energy sources, homes and most material goods would be earth friendly is spreading through colleges like kudzu vine.read more...
30-year mortgage rates drop below 6% (USA Today) Rates on 30-year mortgages dropped sharply this week, falling to the lowest level in five months, as the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac had
Bank foreclosing on PC's historic Island House Inn A bank plans to foreclose on the historic Island House Inn this week after the owners failed to pay back a loan taken out in 2000, the bank's attorney said.read
August 22nd, 2008
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