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Deal won't help those behind on mortgage - Lexington Herald-LeaderNEW YORK — Few outside Washington and Wall Street may understand what Fannie Mae and Freddie Mac do, but the government's bailout of the two is likely to be felt in cities and suburbs across the country. The takeover will be good news for those ...
U.S. Mortgage Foreclosures, Delinquencies Reach Highs (Update3) - BloombergSept. 5 (Bloomberg) -- Foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell ...
Fed takeover a boon to mortgage rates - Lexington Herald-LeaderSunday's federal takeover of mortgage lenders Fannie Mae and Freddie Mac has caused mortgage rates to fall to the lowest levels since May and sparked a surge in loan refinancings. Rumors of the pending takeover caused the average national interest ...
U.S. Economy: Housing Starts Slide to 17-Year Low (Update1) - BloombergSept. 17 (Bloomberg) -- Builders in the U.S. broke ground on the fewest new homes since 1991 last month, signaling that the economy will continue to erode in coming months. Housing starts fell 6.2 percent in August to an annual rate of 895,000, the ...
Economy Video Gallery - CNBCRon Ianieri, chief markets strategist at Options University has taken his money out of the U.S.. He tells CNBC's Martin ... Fed's Balance Sheet Discussing the Fed and the state of the economy, with Bob McTeer, fmr. Dallas Fed president; Bill Ford ...
New home starts fall by more than expected in Aug. - Houston ChronicleBuilders in the U.S. broke ground on the fewest new homes since 1991 last month, signaling that the economy will continue to erode in coming months. Housing starts fell 6.2 percent in August to an annual rate of 895,000, the fewest since January 1991 ...
After the rescue - Financial TimesThe collapse of Lehman Brothers and Bank of America’s takeover of Merrill Lynch mark the latest chapter in the credit crisis, which has already seen the US government bail out mortgage groups Fannie Mae and Freddie Mac. As the world’s biggest ...
Senate forges housing help bill - Raleigh News & ObserverPlan to 'take care of Main Street' WASHINGTON - Senate leaders late Wednesday announced bipartisan legislation that would provide funds for mortgage counseling, tax incentives for home buyers willing to buy a foreclosed or new home and aid to states ...
Winthrop Realty Trust Q2 2008 Earnings Call Transcript - Seekingalpha.comWelcome to Winthrop Realty Trust second quarter earnings conference call. (Operator Instructions) It is now my pleasure to introduce your host, Beverly Bergman, Vice President and Director of Investor Relations for Winthrop Realty Trust. With us ...
Investment Sales - New York ObserverNow I know that some of you will jump down my throat and accuse me of wearing my rose colored glasses and laying some broker BS on you just based on the title of this installment. So let me first acknowledge that, looking at the financial sector as a ...