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Investors dump Freddie Mac, Fannie Mae stocks - USA TodayNEW YORK — Investors dumped the stocks of Fannie Mae and Freddie Mac on Monday after Barron's reported the increasing likelihood of a U.S. Treasury bailout that would approach nationalization of the two housing finance titans. The weekly financial ...
Consumers feel fallout from Fannie, Freddie - CNN MoneyNEW YORK (Associated Press) - Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows ...
See today's average credit card rates across the country. - MSNBCNEW YORK - As if the housing market wasn’t scary enough, the record-setting surge in foreclosures could be distorting some of the closely watched housing data used to gauge the market’s health. The foreclosure glut is making listings of homes for ...
JPMorgan Warned California as Auction Market Neared Collapse - BloombergAug. 19 (Bloomberg) -- JPMorgan Chase & Co. , one of five banks to settle claims it misled investors who bought auction- rate debt, told California days before the market collapsed to be ``vigilant'' to the potential of further deterioration. ``The ...
US, Europe stocks hammered - News.com.auTHE American and European share markets were hammered overnight over fresh fears generated by the worsening US housing mortgage crisis. Wall Street received a drubbing for a second consecutive day - driven by a surge in inflation and a fresh decline ...
Survival fight takes toll on B&B - Financial TimesPhil Green, chief executive of Babcock & Brown , has cut an embattled figure in recent weeks as he strove to convince analysts and investors that the company’s business model could survive the financial storm that has engulfed it. The fight appears ...
Banks Scramble To Refinance Long-Term Debt - HULIQ.comThe Financial Times is reporting US banks scramble to refinance maturing debt . Battered US financial groups will have to refinance billions of dollars in maturing debt over the coming months, a move likely to push banks’ funding costs higher and ...
Fitch Affirms Morgan Stanley Capital I Inc., Series 1999-RM1 - EarthtimesNEW YORK - (Business Wire) Fitch Ratings affirms Morgan Stanley Capital I Inc., commercial mortgage pass-through certificates, series 1999-RM1, as follows:
European shares close sharply lower - News.com.auEUROPEAN stock markets closed sharply lower today, following heavy losses on Wall Street on concerns more bad news is to come in the US sub-prime home loan crisis. Dealers said recent bank results and steadily gloomier US economic data had undercut ...
'Liar loans' threaten to prolong mortgage crisis - CNN MoneyNEW YORK (Associated Press) - In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and ...