| Personal Finance Headlines |
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| Fed plans new rules to protect future homebuyers
(AP)
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| AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.
-- read full article |
| Tue, 08 Jul 2008 17:12:00 GMT - Yahoo! News: Personal Finance News |
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| SEC finds shortcomings in credit raters
(Reuters)
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| Reuters - Credit rating agencies did not
properly manage their conflicts of interests when assigning
ratings to structured products such as mortgage-backed
securities, a report by the U.S. Securities and Exchange
Commission said on Tuesday. -- read full article |
| Tue, 08 Jul 2008 17:30:20 GMT - Yahoo! News: Personal Finance News |
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| Fannie, Freddie rise after dive a day earlier
(AP)
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| AP - Shares of mortgage financiers Fannie Mae and Freddie Mac bounced back Tuesday, a day after plunging over worries the pair might need billions of dollars in new capital if a new accounting rule is put into effect. -- read full article |
| Tue, 08 Jul 2008 18:44:16 GMT - Yahoo! News: Personal Finance News |
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| Treasuries move higher on concerns about economy
(AP)
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| AP - Treasury bonds rose Monday as investors fled the stock market amid growing concerns about the financial sector. A Federal Reserve official warned that financial companies' problems might worsen, and a Wall Street analyst raised questions about government lenders Freddie Mac and Fannie Mae. -- read full article |
| Mon, 07 Jul 2008 21:24:29 GMT - Yahoo! News: Personal Finance News |
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| Financial worries weigh on Wall Street
(Reuters)
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| Reuters - Stocks fell on Monday on concerns that
the top two mortgage providers would have to raise even more
capital, severely devaluing existing shareholders' stakes,
while big energy companies fell along with oil prices.
-- read full article |
| Mon, 07 Jul 2008 21:35:48 GMT - Yahoo! News: Personal Finance News |
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| Stocks fall on worries about financial sector
(AP)
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| AP - Wall Street lost more ground in extremely volatile trading Monday, as investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac.
-- read full article |
| Mon, 07 Jul 2008 21:39:52 GMT - Yahoo! News: Personal Finance News |
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| IndyMac stops new loans, to cut work force by half
(AP)
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| AP - Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force.
-- read full article |
| Mon, 07 Jul 2008 23:20:29 GMT - Yahoo! News: Personal Finance News |
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| Freddie Mac, Fannie Mae shares pummeled
(Reuters)
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| Reuters - Fannie Mae and Freddie Mac
shares plunged to their lowest in nearly 16 years on
Monday while costs to insure their debt against default rose on
concern the two largest U.S. mortgage funders may need to raise
vastly more capital amid larger-than-expected losses. -- read full article |
| Tue, 08 Jul 2008 01:27:46 GMT - Yahoo! News: Personal Finance News |
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| Treasuries move higher on concerns about economy
(AP)
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| AP - Treasury bonds rose Monday as investors fled the stock market amid growing concerns about the financial sector. A Federal Reserve official warned that financial companies' problems might worsen, and a Wall Street analyst raised questions about government lenders Freddie Mac and Fannie Mae. -- read full article |
| Mon, 07 Jul 2008 18:18:38 GMT - Yahoo! News: Personal Finance News |
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| Stocks fall on economic worries, earnings jitters
(AP)
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| AP - Stocks turned lower Monday as investors reacted to cautious remarks about the economy by a Federal Reserve official and worried about the financial health of Fannie Mae and Freddie Mac. Treasurys rose sharply as investors sought the safety of government debt.
-- read full article |
| Mon, 07 Jul 2008 18:49:37 GMT - Yahoo! News: Personal Finance News |
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