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    Personal Finance Headlines
    House Republicans call for hearing on GSE rescue (Reuters)
    Reuters - Republican leaders in the House of Representatives on Tuesday called for hearings on the Bush administration's proposal to shore up mortgage finance giants Fannie Mae and Freddie Mac, a move that could slow down congressional action on a housing rescue package. -- read full article
    Tue, 15 Jul 2008 16:50:45 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie shares dive, banks stocks weaken (Reuters)

    Mortgage firm Freddie Mac headquarters is pictured in McLean, Virginia July 13, 2008. U.S. (Larry Downing/Reuters)Reuters - Investors unloaded shares of Fannie Mae and Freddie Mac on Tuesday after a credit agency cut the mortgage finance companies' ratings amid fears that a government rescue plan may come at the expense of embattled shareholders.


    -- read full article
    Tue, 15 Jul 2008 17:19:33 GMT - Yahoo! News: Personal Finance News
    Paulson sees mortgage assistance as backup (AP)
    AP - Treasury Secretary Henry Paulson said Tuesday the Bush administration has no immediate plans to extend emergency loans to mortgage giants Fannie Mae and Freddie Mac or to purchase the stock of the two companies. -- read full article
    Tue, 15 Jul 2008 17:36:49 GMT - Yahoo! News: Personal Finance News
    ALL BUSINESS:Taxpayers on hook for mortgage rescue (AP)
    AP - We knew it could happen, even though they said it wouldn't. The government is using our money again to haul private companies' hindquarters out of the fire — this time it's troubled mortgage giants Fannie Mae and Freddie Mac. -- read full article
    Tue, 15 Jul 2008 18:39:16 GMT - Yahoo! News: Personal Finance News
    SEC moves on short sellers (Reuters)
    Reuters - The Securities and Exchange Commission will issue an emergency rule later on Tuesday to stop "naked" short selling in major financial firms, including Fannie Mae and Freddie Mac , the SEC said. -- read full article
    Tue, 15 Jul 2008 18:41:18 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie are in trouble. Should we care? (AP)

    The headquarters of mortgage lender Fannie Mae is shown in Washington in this file photo from October 3, 2006. (Jason Reed/Files/Reuters)AP - Questions and answers about Fannie Mae and Freddie Mac and their role in the mortgage market:


    -- read full article
    Mon, 14 Jul 2008 20:30:50 GMT - Yahoo! News: Personal Finance News
    U.S. bank shares plummet amid stability fears (Reuters)

    Traders work on the floor of the New York Stock Echange July 14, 2008. (Brendan McDermid/Reuters)Reuters - The shares of major U.S. banks plunged on Monday amid fears about the sector's stability following Friday's seizure by regulators of IndyMac Bancorp Inc as withdrawals by panicked depositors led to the third- largest U.S. banking failure.


    -- read full article
    Mon, 14 Jul 2008 23:08:41 GMT - Yahoo! News: Personal Finance News
    Wall Street sags as bank fear offsets Fannie, Freddie aid (Reuters)

    Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - U.S. stocks fell on Monday as worry about the health of the U.S. banking sector after Friday's collapse of IndyMac outweighed earlier optimism over the government's plan to stabilize Fannie Mae and Freddie Mac .


    -- read full article
    Mon, 14 Jul 2008 21:14:11 GMT - Yahoo! News: Personal Finance News
    FDIC halts foreclosure on IndyMac mortgages: Bair (Reuters)

    A man enters an IndyMac Bank branch at the company's corporate headquarters, after waiting in line for it to open under federal management, in Pasadena, California July 14, 2008. (Danny Moloshok/Reuters)Reuters - The Federal Deposit Insurance Corp has temporarily halted any foreclosures on the $15 billion of bank-owned mortgage loans found in IndyMac's portfolio, FDIC Chairman Sheila Bair said on Monday.


    -- read full article
    Mon, 14 Jul 2008 21:20:41 GMT - Yahoo! News: Personal Finance News
    The Short View: Too big to fail (FT.com)
    FT.com - For the market, the Sunday announcement of government aid for the mortgage agencies Fannie Mae (NYSE:FNM) and Freddie Mac was nothing more than the confirmation of the obvious. Everyone knew they were too big to fail, and that their debt carried an implicit guarantee from the government. -- read full article
    Mon, 14 Jul 2008 21:30:18 GMT - Yahoo! News: Personal Finance News
    Freddie Mac auction draws plenty of bidders (AP)
    AP - Freddie Mac attracted more bidders Monday for a highly anticipated auction of $3 billion in short-term securities than it had nearly all year, a day after the federal government provided support for the mortgage giant. -- read full article
    Mon, 14 Jul 2008 21:31:50 GMT - Yahoo! News: Personal Finance News
    Stocks decline as worries about financials persist (AP)

    Traders work on the floor at the New York Stock Exchange in New York, Monday, July 14, 2008. Wall Street extended its slump into yet another week Monday as investors worried that even a safety net set up for mortgage financiers Fannie Mae and Freddie Mac couldn't head off further troubles in the financial markets. (AP Photo/Seth Wenig)AP - Wall Street extended its slump into yet another week Monday as investors worried that even a safety net set up for mortgage financiers Fannie Mae and Freddie Mac won't head off further troubles in the financial markets.


    -- read full article
    Mon, 14 Jul 2008 21:48:34 GMT - Yahoo! News: Personal Finance News
    Dollar firms against euro after US lifeline for Freddie, Fannie (AFP)

    Euro banknotes next to US dollar notes in a cash register. The dollar firmed slightly against the euro Monday after Washington moved to bolster ailing mortgage finance giants Fannie Mae and Freddie Mac, dealers said.(AFP/Getty Images/File/Annie Tritt)AFP - The dollar firmed slightly against the euro Monday after Washington moved to bolster ailing mortgage finance giants Fannie Mae and Freddie Mac, dealers said.


    -- read full article
    Mon, 14 Jul 2008 22:36:31 GMT - Yahoo! News: Personal Finance News
    Pledge fails to lift cloud over Fannie, Freddie (Reuters)

    Mortgage firm Freddie Mac headquarters is pictured in McLean, Virginia July 13, 2008. U.S. (Larry Downing/Reuters)Reuters - Buyers showed no hesitation in bidding on 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.


    -- read full article
    Mon, 14 Jul 2008 23:03:45 GMT - Yahoo! News: Personal Finance News
    Fannie-Freddie lifeline puts taxpayers on the hook (AP)

    This May 2, 2007 file photo shows the Fannie Mae building in Washington. The U.S. Treasury and the Federal Reserve announced steps Sunday, July 13, 2008 to shore up mortgage giants Fannie Mae and Freddie Mac. (AP Photo/Manuel Balce Ceneta, file)AP - Now that the federal government has thrown a lifeline to mortgage giants Fannie Mae and Freddie Mac, taxpayers could be on the hook for billions more if the crisis of confidence spreads.


    -- read full article
    Mon, 14 Jul 2008 23:17:11 GMT - Yahoo! News: Personal Finance News
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