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News
MortgageWASHINGTON (AP) _ Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration's announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing ... Read more
US government takes leading role in mortgage market with takeover of ... - Baltimore SunLONDON -- The Nationwide Building Society, a British mortgage lender, said Monday it is taking over two smaller rivals. Nationwide said it will absorb the Derbyshire and Cheshire building societies. The two small lenders sought out Nationwide to ease ... Read more
Mortgage lender Nationwide announces merger - Washington PostNEW YORK (Reuters) - Washington Mutual Inc (nyse: WM - news - people ), the giant U.S. savings and loan hammered by mortgage losses, named veteran banker Alan Fishman as its new chief executive, succeeding the embattled Kerry Killinger, who agreed to ... Read more
WaMu names Fishman CEO; enters pact with regulator - ForbesSept. 8 (Bloomberg) -- Mortgage bonds guaranteed by Fannie Mae and Freddie Mac rallied the most since March, potentially reducing home-loan rates, after the U.S. government seized control of the companies and vowed to shore up demand. The difference ... Read more
Mortgage Bonds Rally Following U.S. Seizure of Fannie, Freddie - BloombergNEW YORK - Wall Street opened with a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. The Dow ... Read more
Stocks surge on plan for mortgage giants - MSNBCU.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. Stock futures ... Read more
US stock futures surge on plan for mortgage giants - ForbesWASHINGTON -- The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis. The historic move announced Sunday won support ... Read more
U.S. takes over giant mortgage lenders - Detroit NewsUncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis ... Read more
US government takes on big role in mortgage market - ForbesLONDON (Reuters) - Copper rebounded on Monday from a 5 percent drop at the end of last week, on expectations that a U.S. bailout of top mortgage lenders would temper an economic slowdown. The U.S. government on Sunday seized control of mortgage ... Read more
Copper rebounds on U.S. mortgage bailout news - ReutersTORONTO, Sept 8 (Reuters) - The Toronto Stock Exchange's main index soared 300 points at the open on Monday, jolted higher by the bailout of U.S. home mortgage giants Fannie Mae (FNM.N: Quote , Profile , Research , Stock Buzz ) and Freddie Mac (FRE.N ... Read more
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