AP - Stocks declined Monday as investors worried that even a safety net set up over the weekend for mortgage financiers Fannie Mae and Freddie Mac couldn't head off further troubles in the financial markets.
Reuters - Buyers flocked to Freddie Mac's $3
billion debt sale on Monday, just hours after the U.S.
government pledged support for the nation's top mortgage
finance agencies, but the steps failed to stem growing alarm on
Wall Street.
AFP - Shares in Fannie Mae and Freddie Mac struggled Monday after a near-meltdown last week, as investors mulled a weekend plan offering a government lifeline for the US mortgage finance giants.
Reuters - The U.S. Treasury Department will
issue a statement on Sunday expressing support for beleaguered
mortgage finance lenders Freddie Mac and Fannie Mae
, a source familiar with the matter said.
AP - Confronted by record foreclosures, the Federal Reserve is ready to give home buyers more protection from the types of shady lending practices that have contributed to the housing crisis.
AFP - Troubled mortgage giant Freddie Mac is aiming to sell off three billion dollars in securities on Monday following last week's meltdown, in a potentially decisive move to heal shattered investor confidence.
Reuters - The U.S. Treasury on Sunday may say
it is prepared to take an equity stake in troubled mortgage
financiers Fannie Mae and Freddie Mac if
requested, sources close to talks about the issue said. -- read full article
Reuters - U.S. securities regulators are
boosting efforts to stop the spread of false rumors that
threaten financial institutions, after a week that saw steep
slides in the shares of Fannie Mae , Freddie Mac
and Lehman Brothers . -- read full article
Reuters - U.S. government support for mortgage
giants Fannie Mae and Freddie Mac should protect taxpayers and
not bail out shareholders or management, Democratic
presidential hopeful Barack Obama said on Sunday.
AP - The U.S. government is signaling it won't throw a lifeline to struggling financial companies — except for mortgage linchpins Fannie Mae and Freddie Mac — marking a shift to a new and potentially more volatile phase of the credit crisis.
Reuters - A U.S government plan to shore up
mortgage finance firms Fannie Mae and Freddie Mac
helped calm markets on Monday but did little to allay
fears about the health of the U.S. financial system.
AFP - Freddie Mac, one of two troubled mortgage finance giants given an emergency lifeline by the US Treasury, looked to cool investor fears Monday with a three-billion-dollar debt sell-off.
AP - Scrambling to bolster eroding investor confidence, the Federal Reserve and the Treasury Department announced steps to brace slumping mortgage giants Fannie Mae and Freddie Mac.
AFP - Federally-seized IndyMac Bank was due to reopen Monday after suffering one of the biggest bank closures in US history, as the troubled US mortgage industry struggles to stem further meltdown.
