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    Personal Finance Headlines
    Plenty of 'For Sale' signs but actual sales lagging (AP)

    A Sept. 4, 2007 file  photo shows signs for several existing homes for sale in San Jose, Calif., Tuesday, Sept. 4, 2007.  Realtors reported Friday, May 23, 2008, that existing home sales fell 1 percent in April, the eighth drop in the past nine months, with the median home price falling 8 percent compared with a year ago, the second-biggest drop on record.  (AP Photo/Paul Sakuma/file)AP - Like spring flowers, the "For Sale" signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures.


    -- read full article
    Mon, 26 May 2008 11:37:27 GMT - Yahoo! News: Personal Finance News
    Plenty of 'For Sale' signs but actual sales lagging (AP)

    A Sept. 4, 2007 file  photo shows signs for several existing homes for sale in San Jose, Calif., Tuesday, Sept. 4, 2007.  Realtors reported Friday, May 23, 2008, that existing home sales fell 1 percent in April, the eighth drop in the past nine months, with the median home price falling 8 percent compared with a year ago, the second-biggest drop on record.  (AP Photo/Paul Sakuma/file)AP - Like spring flowers, the "For Sale" signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures.


    -- read full article
    Mon, 26 May 2008 08:47:26 GMT - Yahoo! News: Personal Finance News
    Buffett blames banks for credit crisis (Reuters)

    Warren Buffett listens to a question during a news conference in Madrid May 21, 2008. (Andrea Comas/Reuters)Reuters - Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, U.S. billionaire investor Warren Buffett told newspaper El Pais in an interview published on Sunday.


    -- read full article
    Sun, 25 May 2008 10:21:18 GMT - Yahoo! News: Personal Finance News
    Fannie Mae mortgage commitments soared in April (Reuters)

    The headquarters of mortgage lender Fannie Mae is shown in northwest Washington in this October 3, 2006 file photo. (Jason Reed/Reuters)Reuters - Fannie Mae , the largest provider of financing for U.S. home loans, on Friday said its commitments to buy mortgages soared to $30.7 billion in April.


    -- read full article
    Fri, 23 May 2008 12:21:45 GMT - Yahoo! News: Personal Finance News
    ALL BUSINESS: Mortgage-bond guru hit by loan bust (AP)
    AP - Lewis Ranieri is credited with inventing mortgage-backed securities two decades ago, and recently he sounded warnings about mortgage risks. Yet he couldn't save his own company from getting tangled in the real-estate loan bust. -- read full article
    Fri, 23 May 2008 16:49:29 GMT - Yahoo! News: Personal Finance News
    Stocks: The Great Rebate Race (BusinessWeek Online)
    BusinessWeek Online - The U.S. government is so eager to jump-start the economy with its stimulus package that the Treasury Dept. is even mailing rebate checks to the recently deceased. George Paquin, a financial planner in Chelmsford, Mass., is certain that one former client, who died last year, would have deposited the check in his bank account. But his daughter and executor will probably spend it on furnishings for her new home. Dead or alive, a customer with a rebate check would be a welcome sight at many retailers. ... -- read full article
    Thu, 22 May 2008 12:08:42 GMT - Yahoo! News: Personal Finance News
    Crunch turns back clock on mortgage lending (Reuters)

    Broker Craig Van Skaik poses in front of a house for sale in Los Angeles, May 6, 2008. As U.S. banks mop up the mess from billions of dollars of bad home loans, buyers are finding that the days of cheap money are over and that, in many cases, tougher versions of the old lending rules now apply. (Mario Anzuoni/Reuters)Reuters - As U.S. banks mop up the mess from billions of dollars of bad home loans, buyers are finding the days of cheap money are over and, in many cases, tougher versions of old lending rules now apply.


    -- read full article
    Thu, 22 May 2008 12:13:11 GMT - Yahoo! News: Personal Finance News
    Rates on 30-year mortgages dip below 6 percent (AP)

    Inez Figueroa, of the New York City Comptrollers Office, left, speaks during a workshop called 'The Housing Crisis: How it Affects You, How it Affects our Neighborhood' Sunday, April 20, 2008 in a church gymnasium in the Queens borough of New York.  The program, sponsored by the Roman Catholic Diocese of Brooklyn, which includes the boroughs of Brooklyn and Queens, helps teach people how to spot predatory lenders and how to refinance sub-prime mortgages that are in danger of foreclosure. (AP Photo/Tina Fineberg)AP - Rates on 30-year mortgages dipped below 6 percent this week, falling to their lowest level in five weeks.


    -- read full article
    Thu, 22 May 2008 15:39:36 GMT - Yahoo! News: Personal Finance News
    U.S. 30-year mortgage rates fall in latest week (Reuters)

    Construction workers are seen at a townhouse complex in a Denver, Colorado suburb May 16, 2008. (Rick Wilking/Reuters)Reuters - U.S. 30-year mortgage rates fell for a third consecutive week, according to a survey released by home funding company Freddie Mac on Thursday.


    -- read full article
    Thu, 22 May 2008 15:40:31 GMT - Yahoo! News: Personal Finance News
    Feds offer help to student loan industry (AP)
    AP - Student loan companies, squeezed by the credit crisis, are getting some help from the federal government. -- read full article
    Wed, 21 May 2008 19:50:58 GMT - Yahoo! News: Personal Finance News
    Bush administration outlines student loan program (Reuters)

    U.S. President George W. Bush speaks about Cuba in the East Room of the White House in Washington, May 21, 2008. The Bush administration rolled out pricing details on Wednesday for an urgent student loan market stabilization program mandated earlier this month by Congress, with key lawmakers expressing general support. (Jason Reed/Reuters)Reuters - The Bush administration rolled out pricing details on Wednesday for an urgent student loan market stabilization program mandated earlier this month by Congress, with key lawmakers expressing general support.


    -- read full article
    Wed, 21 May 2008 21:49:26 GMT - Yahoo! News: Personal Finance News
    Moody's launches inquiry after rating error report (Reuters)
    Reuters - Moody's Investors Service, already under fire over its role in the U.S. mortgage crisis, took another blow on Wednesday as it launched an external investigation after a report that it wrongly assigned triple-A ratings to complex European debt products. -- read full article
    Wed, 21 May 2008 23:20:00 GMT - Yahoo! News: Personal Finance News
    Sallie Mae to continue federal student lending: WSJ (Reuters)
    Reuters - SLM Corp , the student lender better known as Sallie Mae, plans to continue to make federally guaranteed student loans, ending fears the company might join the recent exodus from a market that has been rocked by the credit crisis, the Wall Street Journal said on Thursday. -- read full article
    Thu, 22 May 2008 07:11:13 GMT - Yahoo! News: Personal Finance News
    The U.S. Recession Hits Home -- in Mexico (BusinessWeek Online)
    BusinessWeek Online - In better times, the money Martimiano Pineda wired back to Purechucho from roofing jobs in Florida coated his dirt floor with cement and paid for a home computer. Now, as the subprime mortgage crisis slows housing construction in the U.S., Pineda, 40, struggles to find work and can barely send enough money to his family in Mexico to buy the yogurt meant to help his 5-year-old son grow up strong. -- read full article
    Tue, 20 May 2008 12:08:42 GMT - Yahoo! News: Personal Finance News
    "Fight brewing" over affordable housing fund: Frank (Reuters)

    Construction work continues on new homes in Carlsbad, California September 18, 2007. (Mike Blake/Reuters)Reuters - U.S. Rep. Barney Frank on Tuesday said "a fight is brewing" over a Senate agreement to finance a new federal mortgage insurance fund by taking money from a proposed trust fund for affordable housing.


    -- read full article
    Tue, 20 May 2008 14:02:16 GMT - Yahoo! News: Personal Finance News
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