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Real Estate Information
More Articles from Real Estate Information: MORE RESOURCES: Banks sound but economy to take time: Paulson (Reuters) Reuters - The U.S. economy needs months to recover from its slowdown, but the banking system remains sound despite a home mortgage crisis that could cause more problems, Treasury Secretary Henry Paulson said. Paulson `Very Optimistic' on Freddie, Fannie Rescue (Bloomberg) Bloomberg - July 20 (Bloomberg) -- Treasury Secretary Henry Paulson predicted the Bush administration will prevail in its effort to convince Congress to pass legislation that would allow the government to rescue Fannie Mae and Freddie Mac. Economy needs months to recover: Paulson (Reuters)
Paulson Says `Very Optimistic' Freddie, Fannie Plan Will Pass (Bloomberg) Bloomberg - July 20 (Bloomberg) -- Treasury Secretary Henry Paulson predicted the Bush administration will prevail in its effort to convince Congress to pass legislation that would allow the government to rescue Fannie Mae and Freddie Mac. Freddie Mac takes step toward issuing stock (AP)
Fannie, Freddie Need Overhaul, McCain Adviser Says (Bloomberg) Bloomberg - July 18 (Bloomberg) -- Fannie Mae and Freddie Mac need a new structure and shouldn't remain private if they receive capital from the government, said John McCain's leading economic adviser, while Obama's top economist urged quick action on a Treasury plan to shore up the companies. Freddie Mac files with SEC, first step to capital (Reuters)
Fed's Stern supports early rate hikes: Bloomberg (Reuters) Reuters - The Federal Reserve can not wait until financial and housing markets stabilize before raising interest rates, Minneapolis Fed President Gary Stern said in an interview with Bloomberg on Friday. Web sites give voyeurs view of neighborhood safety (AP)
Freddie Mac to raise 5.5 billion dlrs in share offering (AFP)
Fannie Mae, Freddie Mac shares jump again (Reuters)
US mortgage giant Freddie Mac weighs share offer (AFP)
Freddie Mac mulling $10 billion share offer: report (Reuters) Reuters - Mortgage giant Freddie Mac is considering raising capital by selling as much as $10 billion in new shares to investors, The Wall Street Journal reported, citing people familiar with the matter. Freddie to adjust mortgage-purchase threshold (Reuters) Reuters - Freddie Mac expects to purchase mortgages with significantly higher unpaid principal balances, the U.S. mortgage finance company said in a filing with the Securities and Exchange Commission on Friday. Lawmakers Want Fannie-Freddie Aid Tied to Debt Limit (Bloomberg) Bloomberg - July 18 (Bloomberg) -- Democratic lawmakers sought to put a constraint on the Treasury's request for unlimited power to buy and lend to Fannie Mae and Freddie Mac, a step that didn't temper Secretary Henry Paulson's optimism about a deal. Fannie, Freddie Cut Lobbying Budget, Rely on Allies in Congress (Bloomberg) Bloomberg - July 18 (Bloomberg) -- Fannie Mae and Freddie Mac, for years among the most formidable lobbying forces in corporate America, have seen their political influence decline along with their financial fortunes. Big Merrill Loss Ends Banks' Bright Day On Glum Note (Investor's Business Daily) Investor's Business Daily - Financial stocks pushed higher for a second straight session Thursday on better-than-expected earnings from JPMorgan Chase and positive news on Fannie Mae and Freddie Mac . Fannie Mae's Mudd: won't tap new credit line (Reuters) Reuters - The chief executive officer of mortgage finance giant Fannie Mae , Daniel Mudd, said on Thursday the company was unlikely to tap emergency credit measures that have been proposed for it by the U.S. Treasury Department. Economy - Thursday (Investor's Business Daily) Investor's Business Daily - Home loan rates fell over the last week as Treasury yields fell sharply amid financial woes and views that the Fed won't hike rates this year. The 30-year fixed-rate mortgage fell to 6.26% for the week ended July 17 from 6.37% a week earlier, Freddie Mac said. The 15-year fixed-rate fell 13 basis points to 5.78% this week. The 5-year Treasury-indexed adjustable-rate mortgage edged down to 5.8%, while the 1-year ARM fell 7 ticks to 5.10%. Treasury yields have picked up in the last few days. Govt OK sought for top pay at mortgage giants (AP)
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