Mortgage and Financial News From 2008-7-11 Page 10
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Financial stocks get slammed - CNN Money
NEW YORK (CNNMoney.com) -- Anxiety over the possible government takeover of Fannie Mae and Freddie Mac sent financial stocks into a virtual tailspin Friday. For the past several days, investors have feared that Fannie Mae ( FNM , Fortune 500 ) and ...
2008-07-11 07:40:00 -
Paulson: Keep Fannie and Freddie in current form - Seattle Post Intelligencer
In this April 30, 2008 file photo, a "Reduced Price" is posted at a home for sale in Palo Alto, Calif. Shares of Freddie Mac plummeted Friday, July 11, 2008, as Wall Street and Washington became more convinced that the government is likely to bail ...
2008-07-11 07:40:00 -
Fannie, Freddie Shares Plunge as Markets Open - Washington Post
Shares of Fannie Mae and Freddie Mac continued a week of freefall on Wall Street today, abruptly losing nearly half their value as investors ignored efforts by federal regulators to reassure about the financial health of the companies and focused ...
2008-07-11 07:40:00 -
Markets slide as problems mount for US mortgage lenders - Guardian Unlimited
Shares in America's two largest mortgage lenders, Fannie Mae and Freddie Mac, plummeted for a third day on expectations that the government will bail them out if their funding problems worsen. In early trading, Fannie shares sank $6.10, or 46.2%, to ...
2008-07-11 07:47:00 -
Washington Considers Takeover of Huge Mortgage Companies; Oil Soars to Nearly $146 (Voice of America)
The U.S. government is considering taking over or aiding the two largest mortgage finance companies as their debts mount and their stock prices plunge.
2008-07-11 07:57:09 -
Wall Street shaky as oil prices rise (Detroit News)
NEW YORK -- Wall Street wavered Wednesday as a mild recovery in oil prices sapped the momentum from the previous day's big stock rally.
2008-07-11 07:59:38 -
Stock decline as Fannie, Freddie fall sharply (INO News)
(AP:NEW YORK) Stocks tumbled Friday as investors focused on troubles at mortgage companies Fannie Mae and Freddie Mac and watched oil prices climb further into record territory. The Dow Jones industrials fell more than 180 points and neared the 11,000 mark for the first time in two years.
2008-07-11 07:59:57 -
Opening Glance: Construction and engineering down (INO News)
(AP:NEW YORK) Shares of construction and engineering companies opened lower on Friday as the broader market tumbled on worries over mortgage companies Freddie Mac and Fannie Mae and sharply higher oil prices.
2008-07-11 08:00:17 -
Fannie, Freddie in Freefall (BusinessWeek)
Investors, convinced the government will have to step in and take over the mortgage giants, sink shares by up to 40%
2008-07-11 08:00:28 -
Opening Glance: Specialty retailers mainly fall (INO News)
(AP:NEW YORK) Shares of specialty retailers mainly fell with the overall market Friday morning as oil prices hit a record high of $147 a barrel. Investors were also digesting speculation that a government bailout of mortgage companies Fannie Mae and Freddie Mac may be in the works.
2008-07-11 08:00:38 -
Paulson: Keep Fannie and Freddie in current form (ABC 7 Chicago)
Treasury Secretary Henry Paulson, seeking to calm nervous investors about the financial state of Fannie Mae and Freddie Mac said Friday the government's primary policy focus currently is to leave the congressionally-created mortgage giants intact.
2008-07-11 08:03:57 -
Know your Mortgage to Avoid Foreclosure - Best Syndication
Losing home in a foreclosure process is a miserable thing. And the reason behind foreclosure is not always unfortunate financial conditions; many a times home foreclosure occurs simply because the homeowners do not read the mortgage documents ...
2008-07-08 05:59:00 -
Buying vs. renting, or cost vs. time - Chicago Tribune
You've got to live somewhere. But whether it's under your own roof or a landlord's is a question that's grown murkier. Whether to rent or own has always involved "soft" lifestyle and "hard" financial issues. The soft considerations, like ability to ...
2008-07-09 05:58:00 -
Global Creatif Financial and PropertyGuru Announce Partnership To ... - PR.com
Singapore, Singapore, July 11, 2008 --( PR.com )-- Singapore’s top mortgage consulting firm, Global Creatif Financial (www.globalcreatif.com) and Singapore’s leading property portal, www.PropertyGuru.com.sg , have teamed up to help consumers get ...
2008-07-11 05:16:00 -
Raiding Your 401(k): the Consequences of Cashing Out (US News & World Report)
Fidelity says 40 percent of workers ages 20 to 40 tap their savings early.
2008-07-10 11:13:36