Highlights
A collection of news and information related to Mortgages published by Tribune Company sources.
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Asian stocks rebound on heels of Fannie Mae and Freddie Mac bailouts
Los Angeles Times Staff WriterAsian stock markets, beaten down this year by the U.S. sub-prime crisis and faltering economy, roared back to life today after Washington announced plans to rescue troubled mortgage giants Fannie Mae and Freddie Mac. Fund managers and analysts said...Tags: Don Lee, Stocks, Central Bank, Society, ING Group
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Stocks surge on rescue of mortgage giants
Stocks surged early today as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government will bail out mortgage lenders Fannie Mae and Freddie Mac. The major indexes jumped, with the Dow Jones...Tags: Metal and Mineral, Fannie Mae, Credit Ratings, Stocks, Stock Activities
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Hires beef up Citadel's mortgage, securitized products business
Tribune reporrterThe Citadel Investment Group announced Monday the addition of four employees to bolster its position in the mortgage and securitized products. The Chicago-based hedge fund hired Glenn Perillo to run securitized products research, pulling him away from...Tags: Personal Investing, Public Employees, Government, Chicago Mortgages
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Battered WaMu ousts chief
Associated PressWashington Mutual Inc., ravaged by losses from sour mortgages, replaced Kerry Killinger as chief executive of the nation's largest savings and loan on Monday, adding him to the growing list of banking bosses ousted by their boards. Its shares fell...Tags: Citigroup Incorporated, Management Change, Wachovia Corp., Independence Community Bank Corporation, Washington Mutual Inc.
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Fannie, Freddie and you the taxpayer
The Swamp(Photo by Mark Wilson/Getty Images) by Frank James "Quasi private companies" is a term we won't be using anymore to describe Fannie Mae and Freddie Mac after today apparently. They now, or soon, will fully belong to U.S. taxpayers.......Tags: Fannie Mae, Business Enterprises, Corporations, Government, State Budgets
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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: The White House, Heads of State, Homes, Barack Obama, Financial and Business Services
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Bailout may bring buyers in from cold
The government bailed out mortgage giants Fannie Mae and Freddie Mac yesterday, belying dozens of Fannie and Freddie executives who said year after year that such a thing would never - could never - happen. "The U.S. government does not guarantee,...Tags: 401K, Interior Policy, Mutual Funds, Henry M. Paulson, Real Estate Buyers
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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: Stocks, Homes, Moody's Corporation, Financial and Business Services, Jupiter
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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: Fannie Mae, Franklin Delano Roosevelt, Homes, Loans, Financial and Business Services
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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: Credit and Debt, Barney Frank, Management Change, Homes, Securities
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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: The White House, Credit and Debt, Fannie Mae, Homes, Financial Markets
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U.S. takes over Fannie Mae, Freddie Mac
Of The Associated PressThe Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets and the overall economy. Treasury Secretary Henry Paulson is...Tags: Credit and Debt, Sarah Palin, Barack Obama, National Government, Political Candidates
Sep 8, 2008
|Story| Los Angeles Times
Sep 8, 2008
|Story| Los Angeles Times
Sep 8, 2008
|Story| Chicago Tribune
Sep 8, 2008
|Story| Chicago Tribune
Sep 8, 2008
|Blog| Chicago Tribune
Sep 8, 2008
|Story| Baltimore Sun
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| Allentown Morning Call
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