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News about Mortgages:

Government may soon back troubled mortgage giants - BusinessWeek
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 ...

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 ...

Kilroy, Stivers trade potshots - The Columbus Dispatch
One of the most competitive and closely watched congressional races in the country is heating up as two candidates try to define themselves and each other. Much is at stake for the candidates seeking to represent the 15th District, but much more is ...

Fannie, Freddie Capital Concerns Prompt Paulson to Take Control - Bloomberg
Sept. 7 (Bloomberg) -- Treasury Secretary Henry Paulson decided to take control of Fannie Mae and Freddie Mac after a review found the beleaguered mortgage-finance companies used accounting methods that inflated their capital, according to people ...

As rescue looms, questions raised - Boston Globe
Fannie Mae and Freddie Mac play a critical - and complex - role in the health of the nation's housing market. Here are answers to questions about their mission and the impact of the federal government's expected takeover of these companies. Q. What ...

Day Two: Could you live on $275 a week? That's Florida's maximum ... - Fort Lauderdale Sun-Sentinel
Florida ranks as one of the lowest-paying states in the nation in what it pays unemployed workers. Whether you lose a $30,000-a-year job or one that pays six figures, your maximum unemployment compensation breaks out to $6.88 an hour — less than ...

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 ...

Paulson to Takeover and Restructure Fannie, Freddie (Update1) - 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. Paulson informed House ...

ET banks sign merger pact - Knoxville News Sentinel
Jefferson Bancshares Inc. in Morristown has agreed to acquire State of Franklin Bancshares Inc., a Johnson City-based community bank hurt by the financial troubles of mortgage giants Fannie Mae and Freddie Mac. The cash and stock transaction is ...

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 ...

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