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Mortgage Rates Near a Year High - Wall Street JournalHome-mortgage rates are nearing their highest levels in a year, adding to pressures on the already weak housing market. Rates on conforming 30-year fixed-rate mortgages rose by nearly 0.40 percentage point in the past week to an average of 6.71 ...
Fannie's new watchdog: All bark? - CNN MoneyNEW YORK (Fortune) -- Backers of the housing rescue bill have been trying to reassure skeptics in Congress by pointing to the bill's creation of a new world-class regulator for Fannie Mae and Freddie Mac. But opponents doubt any watchdog will have ...
News roundup: Deal on housing package; mortgage rates increase - USA Today BlogsCNN and Yahoo News lead with the "assault on Texas" by Hurricane Dolly. The Wall Street Journal says lawmakers "have largely hammered out a compromise deal on a mammoth housing package" that was designed to ensure the stability of Fannie Mae and ...
Mortgage giants are crucial to the housing market - Austin American-StatesmanCHICAGO — Behind their down-home names, Fannie Mae and Freddie Mac are so vital to the economy that the government is scrambling to offer them a financial lifeline. But what exactly are they, and what do they do? They are the engines behind a ...
Wall Street looks to extend gains as oil continues to tumble - Los Angeles TimesNEW YORK (AP) _ Wall Street looked to extend its gains Wednesday as oil retreated again and investors turned a bit more hopeful about the economy. Oil prices fell further after dropping more than $3 a barrel in the previous session as Hurricane Dolly ...
The slump persists: Home sales tumble across US - My West TexasWASHINGTON - Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades. The National Association of Realtors reported that sales dropped by 2.6 percent ...
Rescue of mortgage giants could reach $25 billion - Seattle Post IntelligencerA federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said Tuesday. That estimate came as lawmakers put finishing touches on legislation that would tap the troubled mortgage giants' profits to ...
Rescue of mortgage giants could hit $25 billion - Philadelphia InquirerWASHINGTON - A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said Tuesday, as lawmakers put finishing touches on legislation that would tap the troubled mortgage giants' profits to help ...
Owner of foreclosed home in Mass. found dead after telling mortgage co ... - Minneapolis Star TribuneMcCain has Berlin moment too _ in little Berlins NTSB investigates near collision at O'Hare FEMA seeks immunity from suits over trailer fumes 'Pantyhose Bandit' causes sheer annoyance in Mass. Unknown disease killing off Florida's state tree TAUNTON ...
Potential impact of federal housing package - San Francisco Gatedel.icio.us The House approved on Wednesday and President Bush dropped his opposition to a far-reaching housing package designed to reinvigorate the real estate market and economy, shore up mortgage giants Fannie Mae and Freddie Mac, and assist ...
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