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    Personal Finance Headlines
    No GSE announcement on Wednesday: U.S. Treasury (Reuters)
    Reuters - The U.S. Treasury on Wednesday shot down financial market rumors that an announcement regarding mortgage finance companies Fannie Mae and Freddie Mac was imminent. -- read full article
    Wed, 27 Aug 2008 18:25:39 GMT - Yahoo! News: Personal Finance News
    Asset-backed securities markets suffer (FT.com)
    FT.com - Even as another embattled British builder, Bovis, pleads for greater intervention to support the UK mortgage market, where new loan approvals are down 65 per cent versus a year ago, the European Central Bank is looking nervously at the support it has provided the sector. -- read full article
    Tue, 26 Aug 2008 19:55:29 GMT - Yahoo! News: Personal Finance News
    New Jersey governor wants larger gov't role for Fannie (Reuters)

    New Jersey Governor Jon Corzine talks about the new global warming pollution reduction bill signed at Giants Stadium in East Rutherford, New Jersey, July 6, 2007. (Jeff Zelevansky/Reuters)Reuters - The U.S. government should eliminate the hybrid structure of mortgage giants Fannie Mae and Freddie Mac and fully back them with taxpayer funds, New Jersey Gov. Jon Corzine said on Tuesday on the sidelines of the Democratic National Convention.


    -- read full article
    Wed, 27 Aug 2008 03:55:52 GMT - Yahoo! News: Personal Finance News
    The Credit Crunch Cuts Deeper and Wider (BusinessWeek Online)
    BusinessWeek Online - On Wall Street, the yearlong credit crunch continues to hog headlines. For example, the future is still in question for investment banks like Lehman Brothers and mortgage financiers (BusinessWeek.com, 8/22/08) Fannie Mae and Freddie Mac . -- read full article
    Tue, 26 Aug 2008 12:08:41 GMT - Yahoo! News: Personal Finance News
    Thornburg survival in doubt, sees completing tender (Reuters)
    Reuters - Thornburg Mortgage Inc , a specialist in jumbo home loans, said its survival remained in doubt following additional margin calls, but it is on track to complete a restructuring and avoid collapse. -- read full article
    Tue, 26 Aug 2008 17:28:16 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie capital can absorb losses: report (Reuters)

    The headquarters of mortgage lender Fannie Mae is shown in northwest Washington October 3, 2006. (Jason Reed/Reuters)Reuters - Fannie Mae and Freddie Mac , the two biggest U.S. mortgage finance giants, have enough capital to absorb probable losses through the end of the year, reducing the need for emergency government support, according to Citigroup equity research.


    -- read full article
    Tue, 26 Aug 2008 17:41:44 GMT - Yahoo! News: Personal Finance News
    Fannie Mae, Freddie Mac shares climb (AP)
    AP - Shares of Fannie Mae and Freddie Mac climbed for a second day Tuesday amid expectations in some Wall Street quarters that the mortgage finance giants will be able to weather the housing storm without a government rescue. -- read full article
    Tue, 26 Aug 2008 17:51:20 GMT - Yahoo! News: Personal Finance News
    Florida tops 1Q mortgage fraud list (AP)
    AP - Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industry data released Monday. -- read full article
    Mon, 25 Aug 2008 20:58:25 GMT - Yahoo! News: Personal Finance News
    Freddie debt sale eases concerns of nationalization (Reuters)

    The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)Reuters - U.S. mortgage finance company Freddie Mac easily sold $2 billion of short-term debt on Monday, helping to reassure investors that both Freddie Mac and Fannie Mae can fund operations without a government bailout.


    -- read full article
    Mon, 25 Aug 2008 20:59:08 GMT - Yahoo! News: Personal Finance News
    Fannie Mae, Freddie Mac shares rise (AP)

    The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)AP - Shares of Fannie Mae and Freddie Mac soared Monday in a respite from their battering in recent days, while some regional banks saw their stocks sink on worries they could be swept up in the turmoil surrounding the mortgage finance giants.


    -- read full article
    Mon, 25 Aug 2008 21:14:20 GMT - Yahoo! News: Personal Finance News
    Danish central bank rescues nation's No. 10 bank (AP)
    AP - The Danish central bank said Monday it has taken over the nation's 10th largest bank, a 124-year-old institution which had been struggling amid global financial turmoil and mounting losses on mortgage loans as housing prices fell in Denmark. -- read full article
    Mon, 25 Aug 2008 13:34:54 GMT - Yahoo! News: Personal Finance News
    Freddie debt sale eases concerns of nationalization (Reuters)

    A sign hangs outside a home for sale in July 2008 in Las Vegas, Nevada. US sales of existing homes rose in July to a five-month high as buyers took advantage of falling prices in the housing crisis, industry data showed Monday.(AFP/Getty Images/File/Ethan Miller)Reuters - Ailing mortgage finance company Freddie Mac easily sold $2 billion of short-term debt on Monday, reassuring investors that it and rival Fannie Mae can fund operations without a government takeover.


    -- read full article
    Mon, 25 Aug 2008 17:17:41 GMT - Yahoo! News: Personal Finance News
    JPMorgan's Fannie, Freddie preferred stock has lost $600 million (Reuters)

    The JP Morgan and Chase headquarters is seen in New York January 30, 2008. (Shannon Stapleton/Reuters)Reuters - JPMorgan Chase & Co in a U.S. Securities and Exchange Commission filing said it holds about $1.2 billion Fannie Mae , Freddie Mac


    -- read full article
    Mon, 25 Aug 2008 17:43:12 GMT - Yahoo! News: Personal Finance News
    Gross, Fuss say any new GSE deal needs Treasury (Reuters)
    Reuters - Two of the biggest U.S. bond investors said they would get involved in a capital raising by Fannie Mae and Freddie Mac as long as the U.S. Treasury participates in the new deals. -- read full article
    Mon, 25 Aug 2008 18:42:45 GMT - Yahoo! News: Personal Finance News
    Fannie Mae, Freddie Mac shares rise (AP)

    A sign hangs outside a home for sale in July 2008 in Las Vegas, Nevada. US sales of existing homes rose in July to a five-month high as buyers took advantage of falling prices in the housing crisis, industry data showed Monday.(AFP/Getty Images/File/Ethan Miller)AP - Shares of Fannie Mae and Freddie Mac soared Monday after Freddie completed a $2 billion debt sale and a Wall Street analyst said a government bailout of the mortgage finance giants may not be inevitable.


    -- read full article
    Mon, 25 Aug 2008 18:53:18 GMT - Yahoo! News: Personal Finance News
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