| Personal Finance Headlines |
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| Fannie and Freddie shares hit 18-year low
(Reuters)
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| Reuters - Shares of Fannie Mae and
Freddie Mac dove to their lowest levels in more than 18
years on mounting fears of a government bailout that would wipe
out shareholders of the two U.S. housing finance giants.
-- read full article |
| Wed, 20 Aug 2008 16:16:34 GMT - Yahoo! News: Personal Finance News |
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| Wall St up as tech rally offsets Fannie, Freddie
(Reuters)
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| Reuters - Stocks were slightly higher in choppy
trade on Wednesday as strong results from Hewlett-Packard
triggered a rally in the technology sector that offset
a slump in shares of Fannie Mae and Freddie Mac to more than
17-year lows.
-- read full article |
| Wed, 20 Aug 2008 17:49:10 GMT - Yahoo! News: Personal Finance News |
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| Fannie Mae, Freddie Mac shares plummet
(AP)
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| AP - Shares of mortgage finance companies Fannie Mae and Freddie Mac continued their plunge Wednesday as investors became increasingly convinced that the stocks will drop to zero if the government bails out the troubled companies.
-- read full article |
| Wed, 20 Aug 2008 18:02:24 GMT - Yahoo! News: Personal Finance News |
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| FDIC to help IndyMac mortgage borrowers
(Reuters)
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| Reuters - Thousands of homeowners with
distressed mortgage loans linked to failed lender IndyMac
may soon be able to avoid foreclosure under a program
announced on Wednesday by U.S. banking regulators. -- read full article |
| Wed, 20 Aug 2008 18:19:59 GMT - Yahoo! News: Personal Finance News |
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| FDIC sets mortgage plan for IndyMac borrowers
(AP)
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| AP - Troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail. -- read full article |
| Wed, 20 Aug 2008 18:24:52 GMT - Yahoo! News: Personal Finance News |
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| Stocks fall on inflation data, financial worries
(AP)
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| AP - Wall Street fell sharply for a second straight session Tuesday after a hefty jump in wholesale inflation and a drop in new home construction gave investors more reason to believe an economic recovery is far off. The Dow Jones industrial average dropped 130 points.
-- read full article |
| Tue, 19 Aug 2008 21:38:57 GMT - Yahoo! News: Personal Finance News |
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| Stocks fall on inflation data, financial worries
(AP)
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| AP - Wall Street fell sharply for a second straight session Tuesday after a hefty jump in wholesale inflation and a drop in new home construction gave investors more reason to believe an economic recovery is far off. The Dow Jones industrial average dropped by about 130 points.
-- read full article |
| Tue, 19 Aug 2008 18:50:56 GMT - Yahoo! News: Personal Finance News |
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| Fannie, Freddie fall on renewed bailout fears
(AP)
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| 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 |
| Tue, 19 Aug 2008 09:04:46 GMT - Yahoo! News: Personal Finance News |
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| Housing starts and permits tumble in July
(Reuters)
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| Reuters - Home building projects started in
July fell 11 percent to the lowest annual rate in more than 17
years, while building permits tumbled 17.7 percent, the
Commerce Department reported on Tuesday.
-- read full article |
| Tue, 19 Aug 2008 13:10:13 GMT - Yahoo! News: Personal Finance News |
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| American Home to pay fraction of bankruptcy claims
(Reuters)
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| Reuters - American Home Mortgage Investment Corp
, which was among the largest U.S. home loan
providers before seeking bankruptcy protection a year ago, said
it will pay unsecured creditors no more than 5.9 cents on the
dollar as it liquidates assets. -- read full article |
| Tue, 19 Aug 2008 13:43:03 GMT - Yahoo! News: Personal Finance News |
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| Stocks tumble on Fannie, Freddie worries
(Reuters)
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| Reuters - U.S. stocks sank on Monday as the
prospect of more losses from the mortgage crisis hurt the
shares of banks and the two biggest home finance providers,
pushing all three major indexes down about 1.5 percent.
-- read full article |
| Mon, 18 Aug 2008 20:25:36 GMT - Yahoo! News: Personal Finance News |
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