Nov
AP - Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and warned that its $100 billion lifeline from the government may not be sufficient for its solvency should it continue to lose money.
Original post by and software by
Nov
Reuters - The regulator for Fannie Mae and Freddie Mac will on Tuesday announce fresh steps to mitigate foreclosures while a separate agency is preparing to ease terms on another homeowner-aid program, sources familiar with the plans said late on Monday.
Original post by and software by
Nov
AP - General Motors says the troubled mortgage industry and frozen credit markets have raised doubts that the mortgage business of its GMAC financial arm can survive.
Original post by and software by
Nov
Reuters - The government’s emergency investments in the financial sector may actually slow the day of reckoning for mortgage losses, a panel of bankers said on Monday.
Original post by and software by
Nov
AFP - Fannie Mae, the US mortgage finance giant bailed out by the government, reported Monday a third-quarter loss of 28.99 billion dollars due to the slump in the real estate sector.
Original post by and software by
Nov
AP - Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and said it may have to tap the government’s $100 billion lifeline as early as next year.
Original post by and software by
Nov
AFP - Fannie Mae, the US mortgage finance giant bailed out by the government, reported Monday a third-quarter loss of 28.99 billion dollars due to the slump in the real estate sector.
Original post by and software by
Nov
Reuters - Fannie Mae, the largest provider of funding for U.S. residential mortgages, on Monday said it lost a record $29 billion in the third quarter as the company wrote down a tax-related asset that has its buoyed capital.
Original post by and software by
Nov
AP - Government-controlled mortgage finance company Fannie Mae said Monday it lost $29 billion in the third quarter as it took a massive tax-related charge and saw mortgage defaults continue to rise.
Original post by and software by
Nov
AP - British lender Nationwide Building Society said Monday mortgage lending fell 72 percent in the first half of its financial year, as home buyers were deterred by a crashing property market and mortgage rates were boosted by the credit crunch.
Original post by and software by
