Nov
Reuters - Stocks fell further on Wednesday after the Federal Reserve slashed its growth forecasts through 2009 and minutes from the Fed’s recent policy meeting showed officials believed more interest rate cuts may be needed as the economy falters.
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Nov
Reuters - The U.S. Department of Housing and Urban Development will loosen terms of its foreclosure-prevention effort so that the program, meant to backstop $300 billion in home loans, can be more effective, the agency said on Wednesday.
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Nov
Reuters - Actions to support consumer lending could be a productive next step to help repair financial markets, Treasury Department financial rescue package administrator Neel Kashkari said on Wednesday.
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Nov
Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.
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Nov
Reuters - Stocks tumbled on Wednesday as dimming hopes for a rescue of the auto industry added to concerns about the deepening economic downturn.
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Nov
Reuters - U.S. stocks fell on Wednesday as fears about the diminishing prospects for a U.S. auto industry rescue grew, offsetting some gains in defensive stocks like drugs.
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Nov
AP - Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association’s weekly application survey.
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Nov
Reuters - Stocks headed for a sharply lower open on Wednesday as diminishing prospects for a U.S. auto industry government rescue added to worries about the slumping global economy.
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Nov
Reuters - Construction starts on new homes fell to a record low in October, as did new applications for building permits, a report by the Commerce Department showed on Wednesday, signaling that the national housing downturn may extend well into the future.
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Nov
Reuters - Fannie Mae , the largest provider of money for U.S. home mortgages, on Tuesday said its federal regulator suspended a mandate to set aside money for a housing trust fund.
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