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    Personal Finance Headlines
    Bailout concerns slam Freddie, Fannie shares (Reuters)

    The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia in this July 23, 2008 file photo. (Larry Downing/Reuters)Reuters - Investors dumped shares of Fannie Mae and Freddie Mac on Monday after a newspaper report said government officials may have no choice but to effectively nationalize the U.S. housing finance titans.


    -- read full article
    Mon, 18 Aug 2008 20:45:06 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie fall on renewed bailout fears (AP)

    A AP - Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario into reality.


    -- read full article
    Mon, 18 Aug 2008 21:34:40 GMT - Yahoo! News: Personal Finance News
    'Liar loans' threaten to prolong mortgage crisis (AP)

    Salvatore Fucile, 82 and his wife, Clara, pose for a photograph in the kitchen of their Springfield, Pa., home, Friday, Aug. 15, 2008. The couple wound up in an Option ARM from IndyMac after consolidating two mortgages on their suburban Philadelphia home. (AP Photo/Tom Mihalek)AP - In the mortgage industry, they are called "liar loans" — mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."


    -- read full article
    Mon, 18 Aug 2008 21:50:30 GMT - Yahoo! News: Personal Finance News
    Wall Street pulls back as financials fall (AP)

    In this May 18, 2007 file photo, showing the interior of a Lowe's store in Sunnyvale, Calif. Lowe's Cos. Inc. says its second-quarter profit fell 7.9 percent, but still topped Wall Street expectations Monday, Aug. 18, 2008. The nation's second-largest home improvement retailer is offering a downbeat sales and profit outlook, however, as it feels the pain from a weak housing market.  (AP Photo/Paul Sakuma, file)AP - Wall Street retreated Monday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers. Weakness in the overall financial sector sent the Dow Jones industrial average down more than 175 points.


    -- read full article
    Tue, 19 Aug 2008 06:03:25 GMT - Yahoo! News: Personal Finance News
    The Workplace: Making Bold Moves in Tough Times (BusinessWeek Online)
    BusinessWeek Online - How do you get ahead on the job when the labor market is crumbling? Michael Donaldson, an entertainment lawyer and author of Fearless Negotiating (McGraw-Hill; $16.95), says workers often have more power than they think they do, even in tough times. Personal Finance Editor Lauren Young asked Donaldson for negotiating tips. -- read full article
    Mon, 18 Aug 2008 12:08:47 GMT - Yahoo! News: Personal Finance News
    Bailout concerns slam Freddie, Fannie shares (Reuters)

    The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia in this July 23, 2008 file photo. (Larry Downing/Reuters)Reuters - Investors dumped shares of Fannie Mae and Freddie Mac on Monday after Barron's reported the increasing likelihood of a U.S. Treasury bailout that would approach nationalization of the two housing finance titans.


    -- read full article
    Mon, 18 Aug 2008 17:00:05 GMT - Yahoo! News: Personal Finance News
    Washington offers no relief for savers (AP)

    David Middleton posses for a portrait in front of his home in Broomall, Pa., Friday,  Aug. 15, 2008. Middleton and others formed the grassroots group, Fed Up USA,  which have protested in Washington and elsewhere against 'federal financial irresponsibility.'  (AP Photo/Justin Maxon)AP - Two giant mortgage companies get into hot water over risky investments. The government steps in to throw them a lifeline should they need it.


    -- read full article
    Mon, 18 Aug 2008 17:03:10 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie worries cause stocks to swoon (Reuters)

    Traders work on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - Stocks tumbled on Monday as uneasiness about the prospect of more losses from the mortgage crisis bruised shares of banks and the two big U.S. home finance companies.


    -- read full article
    Mon, 18 Aug 2008 18:13:11 GMT - Yahoo! News: Personal Finance News
    'Liar loans' threaten to prolong mortgage crisis (AP)

    Salvatore Fucile, 82 and his wife, Clara, pose for a photograph in the kitchen of their Springfield, Pa., home, Friday, Aug. 15, 2008. The couple wound up in an Option ARM from IndyMac after consolidating two mortgages on their suburban Philadelphia home. (AP Photo/Tom Mihalek)AP - In the mortgage industry, they are called "liar loans" — mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."


    -- read full article
    Mon, 18 Aug 2008 18:27:48 GMT - Yahoo! News: Personal Finance News
    AP IMPACT: Weak rules cripple appraiser oversight (AP)

    Appraiser Bob Ipock is shown in Charlotte, N.C., Wednesday, May 28, 2008. (AP Photo/Chuck Burton)AP - As soaring home prices set the stage for America's great housing meltdown, a critical step in making sure those home sales were a fair deal — the real estate appraisal — was undermined from within.


    -- read full article
    Mon, 18 Aug 2008 04:05:48 GMT - Yahoo! News: Personal Finance News
    Inflated appraisal nearly cost family its home (AP)
    AP - After 25 years as a doorman on Manhattan's Upper East Side, Carl Petrone was ready to retire from the cold winters and his daily commute. -- read full article
    Sun, 17 Aug 2008 17:07:48 GMT - Yahoo! News: Personal Finance News
    Questions and answers on hiring an appraiser (AP)
    AP - Questions and answers on how consumers can ensure they are getting an honest appraisal when buying or selling a home, refinancing an existing mortgage or taking out a home equity loan or line of credit: -- read full article
    Sun, 17 Aug 2008 17:10:10 GMT - Yahoo! News: Personal Finance News
    AP IMPACT: Weak rules cripple appraiser oversight (AP)

    Appraiser Bob Ipock is shown in Charlotte, N.C., Wednesday, May 28, 2008. (AP Photo/Chuck Burton)AP - As soaring home prices set the stage for America's great housing meltdown, a critical step in making sure those home sales were a fair deal — the real estate appraisal — was undermined from within.


    -- read full article
    Sun, 17 Aug 2008 18:11:55 GMT - Yahoo! News: Personal Finance News
    30-year mortgages remain at 6.52 percent (AP)

    A condominium is put up for sale in San Francisco, California August 14, 2008. U.S. foreclosure activity in July rose 55 percent from a year earlier as a slump in once-sizzling housing markets forced yet more borrowers to default on their mortgages, according to a monthly report.  REUTERS/Robert Galbraith (UNITED STATES)AP - Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines.


    -- read full article
    Thu, 14 Aug 2008 21:18:45 GMT - Yahoo! News: Personal Finance News
    Getting Smarter on School Loans (BusinessWeek Online)
    BusinessWeek Online - For years, college students and their parents have relied heavily on credit cards, home equity, and private loans to pay for school, according to a recent survey provided exclusively to BusinessWeek. But those sources of cash are drying up. On Aug. 6, Wachovia joined the more than 150 financial firms that have fled the private student-loan business. And Morgan Stanley froze home-equity lines for some clients. -- read full article
    Thu, 14 Aug 2008 12:08:45 GMT - Yahoo! News: Personal Finance News
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