Mortgage and Financial News From 2008-9-7 Page 01
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Mortgage Bonds May Rally, Rates Fall After Treasury GSE Seizure - Bloomberg
Sept. 8 (Bloomberg) -- Mortgage bonds guaranteed by Fannie Mae and Freddie Mac may rally, helping reduce home-loan rates, after the U.S. government seized control of the companies and vowed to shore up demand. Treasury Secretary Henry Paulson threw ...
2008-09-07 09:18:00 -
Radical Options for Reinvention - Washington Post
Treasury Secretary Henry M. Paulson Jr.'s rescue plan for Fannie Mae and Freddie Mac almost certainly means the two mortgage financiers will cease to exist in their current form, igniting the battle over the future of these giant institutions. Among ...
2008-09-07 08:14:00 -
Indians' Cliff Lee Picks Up 21st Victory (WTOV 9 Steubenville)
Lee has won ten straight.
2008-09-07 09:19:28 -
Steelers Dominate Texans (WTOV 9 Steubenville)
Pittsburgh has won six straight opening week games.
2008-09-07 09:19:38 -
Fannie, Freddie deal will lower rates for some (Contra Costa Times)
Government bailout of mortgage giants should calm troubled industry but do little for struggling borrowers, experts say
2008-09-07 09:25:48 -
Taking over giants, and looking to them for crisis resolution (The Sarasota Herald-Tribune)
THE NEW YORK TIMES
2008-09-07 10:08:05 -
Treasury Department seizes Fannie Mae, Freddie Mac (Fort Worth Star-Telegram)
The move is expected to provide a boost for the sagging U.S. housing market.
2008-09-07 10:09:43 -
Will the bailout help you? (Daily Breeze)
If you're already behind on mortgage payments or owe more than your home is now worth, it probably won't help much.
2008-09-07 10:30:26 -
Bailout of 2 mortgage giants isn't cure-all (St. Louis Post-Dispatch)
The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to home buyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect.
2008-09-07 10:13:50 -
Fannie and Freddie bailout (The Gleaner)
NEW YORK — The government's historic bailout of Fannie Mae and Freddie Mac will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect.
2008-09-07 10:34:13 -
Government takes control of 2 mortgage behemoths (Pioneer Press)
The U.S. government announced Sunday it was taking control of mortgage giants Fannie Mae and Freddie Mac, saying the companies' weakened finances had made it impossible to carry out their missions of supporting the struggling housing market.
2008-09-07 10:25:16 -
Will the bailout help you? (Daily Breeze)
If you're already behind on mortgage payments or owe more than your home is now worth, it probably won't help much.
2008-09-07 10:30:26 -
Euro Open: Fannie, Freddie and Ike Send US Dollar Lower (Daily FX)
The Euro and British Pound shot higher overnight as the forex market reacted to news of a US government takeover of troubled mortgage giants Fannie Mae and Freddie Mac. Adding to downward pressure on the dollar, crude oil prices pushed higher above $108/barrel as Hurricane Ike gathered strength en route to the Gulf of Mexico.
2008-09-07 10:44:06 -
AMRI Announces Leadership Changes in Pharmaceutical Development and ... - dBusinessNews.com
Albany International Declares Dividend ALBANY -- The Board of Directors of Albany International Corp. ... MTI Applies for Transfer to the Nasdaq Capital Market ALBANY -- Mechanical Technology, Incorporated today announced that it has ... Taconic ...
2008-09-07 05:22:00 -
Call for higher tax for super rich - Haringey Independent
High earners on more than £100,000 a year should pay higher tax rates to help achieve greater equality between the rich and poor, the TUC has urged. The union organisation said its research showed that an increase in the number of super rich had ...
2008-09-07 09:37:00