Friday, July 11, 2008

Fannie, Freddie May Need to Lose $77 Billion First (Update1) - Bloomberg


You're already paying for Fannie and Freddie
CNNMoney.com - 56 minutes ago
As rumors of big mortgage companies' collapse swirl, many Americans are unable to find affordable home loans. By Les Christie, CNNMoney.com staff writer NEW ...

US mortgage lender crisis spooks markets
guardian.co.uk, UK - 1 hour ago
The White House today appeared to rule out a takeover of crisis-hit mortgage companies Freddie Mac and Fannie Mae despite their shares continuing to take ...

Sen Shelby pushes for stronger Fannie regulator
Reuters - 1 hour ago
WASHINGTON (Reuters) - The Congress must move quickly to put a stronger regulator in place for government-sponsored entities Fannie Mae and Freddie Mac, ...

Bush acknowledges 'tough times'
AFP - 1 hour ago
WASHINGTON (AFP) — President George W. Bush allowed Friday that these were "tough economic times" for Americans, but insisted his administration was working ...

Lehman Shares Dragged Down by Fannie, Freddie Concern (Update2)
Bloomberg - 1 hour ago
By Josh Fineman July 11 (Bloomberg) -- Lehman Brothers Holdings Inc., once the biggest US underwriter of mortgage bonds, fell the most since the firm went ...

US Stocks Tumble on Concern Fannie, Freddie May Need Rescue
Bloomberg - 1 hour ago
By Michael Patterson July 11 (Bloomberg) -- US stocks tumbled, extending the longest stretch of weekly losses for the Standard & Poor's 500 Index in four ...

Fannie and Freddie Shares Slide, Dragging Down Markets
New York Times, United States - 1 hour ago
By MICHAEL M. GRYNBAUM Fannie Mae and Freddie Mac shares plummeted again on Friday — and the broader stock market followed suit — as concern mounted that ...

FX OUTLOOK-Dollar may fall as US financial woes mount
Reuters - 1 hour ago
NEW YORK, July 11 (Reuters) - The dollar is likely to fall in the week ahead amid ongoing turmoil in financial markets with speculation mounting the US ...

Financial stocks get slammed
CNNMoney.com - 2 hours ago
By David Goldman, CNNMoney.com staff writer NEW YORK (CNNMoney.com) -- Anxiety over a possible government takeover of Fannie Mae and Freddie Mac sent ...

No US rating risk yet from Fannie, Freddie-agencies
guardian.co.uk, UK - 2 hours ago
By John Parry NEW YORK, July 11 (Reuters) - Any US government takeover of mortgage finance companies Fannie Mae and Freddie Mac would not in and of itself ...

WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) -- Jerry Howard ...
MarketWatch - 2 hours ago
"Fundamental analysis and statements from top federal government officials point out that the hysteria in the markets regarding the viability of Fannie Mae ...

Mexico stocks fall amid US credit fears
Reuters - 3 hours ago
MEXICO CITY, July 11 (Reuters) - Mexican stocks slipped on Friday as investors worried about the widening impact of the US credit crisis and record oil ...

FTSE 100 closes in jaws of a bear market
Telegraph.co.uk, United Kingdom - 3 hours ago
By Emma Thelwell and Angela Monaghan London's leading share index closed deep into bear market territory this evening, as US stocks continued to tumble on ...

Fannie Mae, Freddie Mac bill sale calendar
Reuters - 3 hours ago
July 11 (Reuters) - The following is a list of scheduled US agency bill sales from Fannie Mae and Freddie Mac for 2008. Freddie Mac settlement dates for its ...

US STOCKS-Wall St plunges on Fannie, Freddie, oil
Reuters - 3 hours ago
By Ellis Mnyandu NEW YORK, July 11 (Reuters) - US stocks plunged on Friday on concerns home financing providers Freddie Mac (FRE. ...

Fannie Mae, Freddie Mac shares crater under insolvency fears
MarketWatch - 3 hours ago
By MarketWatch As senior Bush administration officials reportedly weighing a plan that would see the government take over one or both of the two largest US ...

Calm down - behind the Fannie and Freddie panic
CNNMoney.com - 3 hours ago
Yes, there is a lot of fear about what's next for the government-sponsored mortgage giants. But Fannie and Freddie are unlikely to go away. ...

Fannie, Freddie And Oil Bring Down The House
Forbes, NY - 3 hours ago
Investors seem to have become more convinced that Freddie Mac (nyse: FRE - news - people ) and Fannie Mae (nyse: FNM - news - people ) will be bailed out by ...

Mortgage mess hammers Wall Street
CNNMoney.com - 3 hours ago
Dow goes below 11000 for the first time in nearly two years. Fannie and Freddie plunge on fears that the companies can't stay afloat. ...

Greek shares close with heavy losses on poor international market ...
Forbes, NY - 3 hours ago
ATHENS (Thomson Financial) - Greek shares closed lower as record high oil prices and concerns over mortgage brokers Fannie Mae and Freddie Mac dampened ...

MSCI World Index Retreats 20% From Record, Entering Bear Market
Bloomberg - 3 hours ago
By Chua Kong Ho and Lynn Thomasson July 11 (Bloomberg) -- Stocks fell around the globe, giving the MSCI World Index a 20 percent bear-market decline from ...
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