| Personal Finance Headlines |
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| GSE operations should be on federal budget: CBO
(Reuters)
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| Reuters - The operations of mortgage finance
companies Fannie Mae and Freddie Mac, which were placed into a
federal conservatorship, should now be treated as part of the
federal budget, the head of the Congressional Budget Office
said on Tuesday. -- read full article |
| Tue, 09 Sep 2008 14:39:41 GMT - Yahoo! News: Personal Finance News |
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| CBO sees budget deficit rising next year
(Reuters)
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| Reuters - The U.S. budget deficit will swell
to record levels in 2009 as the "turbulent" economy cuts
revenues and hikes government spending, a congressional report
said on Tuesday in an assessment that does not include the
possible costs of rescuing two gigantic mortgage companies. -- read full article |
| Tue, 09 Sep 2008 16:30:15 GMT - Yahoo! News: Personal Finance News |
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| Dollar slips on profit-taking
(AFP)
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|  AFP - The dollar was lower in late trade Tuesday as players took profits on sharp gains made after the US government bailed out two key mortgage backers, helping ease concerns about the economic outlook.
-- read full article |
| Tue, 09 Sep 2008 16:59:59 GMT - Yahoo! News: Personal Finance News |
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| Insight: US mortgage U-turn may not be enough
(FT.com)
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| FT.com - Turning points in bear markets are more often than not signposted by big U-turns in government policy. The de facto nationalisation of Fannie Mae (NYSE:FNM) and Freddie Mac by a pro-market Republican administration is a U-turn of huge proportions. The question, nonetheless, is whether it will be enough to put a floor under both credit and equity markets. -- read full article |
| Tue, 09 Sep 2008 17:35:21 GMT - Yahoo! News: Personal Finance News |
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| AIG shares fall on fresh mortgage market concerns
(Reuters)
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| Reuters - Shares of American International Group
Inc , the world's biggest insurer, fell sharply on
Tuesday as investors worried that the company's large exposure
to the mortgage markets could trigger the need to raise fresh
capital. -- read full article |
| Tue, 09 Sep 2008 18:15:55 GMT - Yahoo! News: Personal Finance News |
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| Swift action a boon for mortgage bonds
(FT.com)
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| FT.com - The seizure of Freddie Mac and Fannie Mae (NYSE:FNM) by the US Treasury boosted credit markets on Monday and prompted a buying frenzy in mortgage bonds that pushed rates sharply lower. -- read full article |
| Mon, 08 Sep 2008 20:50:16 GMT - Yahoo! News: Personal Finance News |
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| Fannie Mae faces investor lawsuit
(Reuters)
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| Reuters - Fannie Mae is the subject of an
investor lawsuit seeking class-action status that accuses the
mortgage giant of misrepresenting the company's capital needs,
court documents filed on Monday said. -- read full article |
| Mon, 08 Sep 2008 20:52:39 GMT - Yahoo! News: Personal Finance News |
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