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News about Mortgages:

Government may soon back troubled mortgage giants - Forbes
The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's ...

Paulson to Take Over and Restructure Fannie, Freddie (Update4) - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. The Treasury plans to ...

Gov't may back top troubled mortgage companies - International Herald Tribune
WASHINGTON : Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk the companies could fail, a person briefed on the matter said Friday ...

Jefferson Bancshares moves to acquire State of Franklin - TradingMarkets.com
The cash and stock transaction is valued at $10.9 million, according to a press release issued after the stock markets closed Thursday. The merger is expected to be completed in the third quarter or early fourth quarter. Following the merger ...

Gov't may take over top troubled mortgage companies - Pittsburgh Post-Gazette
Fannie Mae, headquarters shown here, and Freddie Mac, the nation's largest buyers and backers of mortgages, lost a combined $3.1 billion between April and June. WASHINGTON -- Fannie Mae and Freddie Mac are expected to be taken over by the government ...

Global Diversified Investment Grade Income Trust II - Recent ... - CNW Group
MONTREAL, Sept. 5 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") (TSX: GII.UN) announces that, further to recent announcements by Standard and Poor's Rating Services ("Standard & Poor's"), there has been a ...

Baltimore Has Poe; Philadelphia Wants Him - Herald Tribune
BALTIMORE — Edgar Allan Poe never lived in one city for long, and ever since he died and was buried here in 1849 this city has claimed him as its own. Jessica Kourkounis for The New York Times Edgar Allan Poe, master of the macabre and a man of ...

Jailed CA Ex-Chief Kumar Points at Others - CFO.com
Former CA chairman Sanjay Kumar, from the prison cell where he is serving a 12-year term for his role in a massive accounting fraud scandal, pointed the finger at one-time boss and friend Charles Wang. Kumar alleged that Wang, cofounder of the ...

National News from AP: Headlines - Ledger Independent
WASHINGTON - The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the ...

McCain: Change is coming - CNN
(CNN) -- Sen. John McCain is speaking to the Republican National Convention on Thursday night. Here is the partial text of that speech, as prepared for delivery: Sen. John McCain says the "do nothing" Washington crowd is in for a change. McCain ...

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