Highlights
A collection of news and information related to Financial and Business Services published by Tribune Company sources.
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Should we save Detroit?
MotorTrend MagazineIt's tough in Motown. Stare-at-the-sun, crawl-across-the-burning-sand tough. But the Detroit Three -- raggedy, gasping, wobbling -- can see salvation shimmering on the horizon -- retooled factories building smaller, more fuel-efficient cars; the UAW... -
U.S. takes over mortgage giants
Los Angeles TimesThe U.S. government announced yesterday that it was taking control of mortgage giants Fannie Mae and Freddie Mac, saying the companies' weakened finances had made it impossible for them to carry out their missions of supporting the struggling housing...Tags: Elections, Henry M. Paulson, Management Change, US Bancorp (Delaware), Corporate Officers
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Takeover of Fannie, Freddie will produce winners, losers
Los Angeles Times Staff WriterThe government's groundbreaking move Sunday to take control of Fannie Mae and Freddie Mac could give a much-needed boost to the housing market and the stock market as well. But the development is bad news for anyone who owns stock -- common or...Tags: Mergers, Acquisitions and Takeovers, Real Estate Buyers, Stocks, Jupiter, Stock Broking
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Q&A about mortgage giants Fannie Mae, Freddie Mac
Los Angeles Times Staff WriterMost borrowers never come into contact with mortgage finance giants Fannie Mae and Freddie Mac. That's because the companies work with lenders rather than consumers. Nevertheless, Fannie and Freddie play an essential role in the mortgage industry and the...Tags: Federal National Mortgage, Franklin Delano Roosevelt, Fannie Mae, Freddie Mac, Homes
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U.S. takes control of Fannie Mae, Freddie Mac
Los Angeles Times Staff WriterThe federal government executed a sweeping takeover of mortgage giants Fannie Mae and Freddie Mac on Sunday in a move aimed at expanding the pool of money available for home finance and arresting a plunge in housing prices that endangers the nation's...Tags: Mergers, Acquisitions and Takeovers, Real Estate Buyers, Henry M. Paulson, Stock Broking, Management Change
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How feds' bailout can affect you
McClatchy NewspapersThe historic seizure of mortgage-finance titans Fannie Mae and Freddie Mac is expected to bolster the nation's sinking housing sector by lowering mortgage rates and jump-starting the obscure background market that is vital to home lending. Treasury...Tags: Fannie Mae, Freddie Mac, The White House, Homes, Financial Markets
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Fannie, Freddie execs have strong résumés
Washington PostWASHINGTON — The new chief executives at Fannie Mae and Freddie Mac have long histories in the financial services industry. Herbert Allison Jr., 65, who took over Sunday at Fannie Mae, worked for decades at Merrill Lynch and most recently was...Tags: Fannie Mae, Corporate Officers, Freddie Mac, U.S. Bancorp, Corporations
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Federal regulators take over Fannie Mae and Freddie Mac
eli.reyes@newsday.com; The Los Angeles Times coIn an aggressive move to prevent further erosion of the mortgage and housing markets, federal regulators said they have taken over Fannie Mae and Freddie Mac, two government-backed companies that own or hold about half of the country's mortgage debt -...Tags: Mergers, Acquisitions and Takeovers, U.S. Bancorp, J.P. Morgan Chase & Co., National Government, Long Island
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How Fannie, Freddie bailout could help stabilize market
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. But for homeowners already behind on mortgage payments, or...Tags: Fannie Mae, Bank of America Corp., Freddie Mac, Loans, Mortgages
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Relief For Lending Crisis?
Associated PressThe government's historic bailout of troubled mortgage giants 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 rates and fees, as experts expect. The government hopes...Tags: Bank of America Corp., Real Estate Buyers, National Government, Credit Ratings, Business
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Troubles spread to prime Md. mortgages
The share of Maryland homeowners behind on their prime mortgages shot past 4 percent for the first time this spring, a sign that loan troubles are spreading beyond borrowers with shaky credit.
More than 36,000 prime loans in Maryland were delinquent or...Tags: Labor Legislation, Banking, Loans, Mortgages, Unemployment
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Let's skip biography and get to economy
No wonder both presidential candidates are promising change. Even the stupid don't need to be reminded that, yet again, it really is the economy that will dominate voters' concerns. Especially the last couple of days. After a fortnight of diverting...Tags: Barack Obama, Foreclosures, Armed Forces, Productivity, Elections
Sep 8, 2008
|Blog| MotorTrend Magazine
Sep 8, 2008
|Story| Baltimore Sun
Sep 8, 2008
|Story| Los Angeles Times
Sep 8, 2008
|Story| Los Angeles Times
Sep 8, 2008
|Story| Los Angeles Times
Sep 8, 2008
|Story| Orlando Sentinel
Sep 8, 2008
|Story| Chicago Tribune
Sep 8, 2008
|Story| Newsday
Sep 8, 2008
|Story| Newsday
Sep 8, 2008
|Story| Associated Press
Sep 6, 2008
|Story| Baltimore Sun
Sep 6, 2008
|Column| Baltimore Sun
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