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Fitch Rates Riverside County, California's $116MM COPs 'AA-'; Outlook ... - Forbes

Fitch Ratings confirms the 'AA-' rating on approximately $37.4 million County of Riverside's certificates of participation (COPs) (Public Safety Communication and Refunding Projects), 2007 series B and assigns an 'AA-' rating to $79 million County of ...

Can this home be saved? - Pittsburgh Post-Gazette

After 20 years of living in the Baldwin Township home where they raised three children and poured their life's savings, Randy and Cindy Balzer are on the verge of losing everything they've worked for through a mortgage foreclosure.

Legislature Passes Mortgage Reform Bill - Forbes

OAKLAND, Calif., Aug. 27 /PRNewswire-USNewswire/ -- AB 1830, the California legislature's strongest piece of legislation designed to rein in the abuses in the mortgage market, passed the Senate today with a 21-16 vote. It must go back to the Assembly ...

Treasurys edge higher amid Fannie, Freddie worries - Seattle Times

Treasury bonds rebounded Wednesday to finish slightly higher amid uncertainty over whether troubled mortgage financiers Fannie Mae and Freddie Mac would need a government bailout. Investors grew concerned about the potential for further financial ...

No Joke, Homebuilders Beating Market - CNBC

[ XHB   Loading...       ( )   ] surged on Wednesday as mortgage applications climbed for the first time in 3 weeks. Are we turning a corner? U.S. mortgage applications rose for the first time in three weeks as interest rates edged lower, an ...

Sales at Taylor Wimpey sites slump to half a house a week - Times Online

Taylor Wimpey is selling less than half a house a week on each of its sites despite offering incentives with its new homes, it emerged yesterday. The embattled housebuilder, which is in crunch talks with its bankers, is having to pay home buyers ...

Taylor Wimpey hit by massive loss - BBC News

Housebuilder Taylor Wimpey has reported a huge loss for the past six months after having to sharply reduce the value of its assets including land. The firm slumped to a loss of £1.54bn in the six months to 30 June, saying it faced "very challenging ...

Bob Pisani reports on the trading day from the NYSE - CNBC

Market Rebound & Housing Bo... More clues about the health of housing and the impact on the markets, with CNBC's Diana Olick, Bob Pisani & Michelle Car... Note that there are no outsiders being brought in. They need to show that they are serious ...

Mortgage finance firm Fannie Mae shakes up executive ranks as shares ... - Baltimore Sun

WASHINGTON (AP) _ Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled ...

Fannie Replaces Top Managers Amid Capital Concern (Update2) - Bloomberg

Aug. 27 (Bloomberg) -- Fannie Mae Chief Executive Officer Daniel Mudd replaced three top managers at the beleaguered mortgage-finance provider as the company struggles to convince investors it has enough capital to weather the housing slump ...

Fannie Mae sees major management shake-up - Globe and Mail

WASHINGTON — Mortgage-finance company Fannie Mae Wednesday announced a management shake-up in an effort to come to grips with mounting credit losses and a shrinking capital base. The company's chief financial officer, Stephen Swad, was replaced ...

Mortgage finance company Fannie Mae says 3 top executives leaving in ... - Baltimore Sun

WASHINGTON (AP) _ Fannie Mae says three top executives are leaving as the mortgage finance company aims to cope with mounting losses from the mortgage crisis. Fannie Mae Chief Financial Officer Stephen Swad is leaving to "pursue other opportunities ...

BB&T's Allison Sees Acquisitions on Housing Recovery (Update1) - Bloomberg

Aug. 27 (Bloomberg) -- BB&T Corp. 's John Allison , the chief executive officer who bought 60 rivals since 1989, said his bank may buy more community lenders after the housing market stabilizes next year and called Countrywide Financial Corp.'s exit ...

Fannie Replaces Top Managers Amid Capital Concern (Update1) - Bloomberg

Aug. 27 (Bloomberg) -- Fannie Mae Chief Executive Officer Daniel Mudd replaced his top managers at the beleaguered mortgage-finance provider as the company struggles to convince investors it has enough capital to weather the housing slump. Chief ...

Oil fund exposed to troubled US mortgage market - Aftenposten

Norway's massive pension fund built on oil revenues isn't immune to the troubles that have stemmed from rotten American home loans. Troubled housing markets in the US may affect Norway's oil fund. PHOTO: ELAINE THOMPSON/AP Fund managers have placed ...

FDIC Under Pressure - Forbes

The Federal Deposit Insurance Corp, the government's designated spotter, is starting to sweat under the pressure of so many firms sitting in hot water. The number of troubled U.S. banks rose to 117 in the second quarter, and it'll get worse if the ...

Fannie Video Gallery - CNBC

SEC Chairman on Fannie, Fre... SEC Chairman Christopher Cox discusses the future of troubled mortgage lenders Fannie Mae and Freddie Mac with CNBC's Er... Should Fannie & Freddie Mer... Weighing in on the idea of a merger between the tro struggling ...

Fannie, Freddie Attract Buyers to Short-Term Debt (Update2) - Bloomberg

Aug. 27 (Bloomberg) -- Fannie Mae and Freddie Mac sold $3 billion of short-term notes at yields that suggest the largest U.S. mortgage-finance companies are still capable of financing their businesses without government assistance. The yields on the ...

Foreclosure Prevention Picking Up Speed - CNBC

New numbers are out today from the Hope Now Alliance. You may remember last fall, when Treasury Secretary Henry Paulson announced this new effort, bringing together mortgage servicers, counselors and investors to help borrowers in trouble. Well, the ...

August 2008 - ABC News Blogs

ABC News' Alice Gomstyn reports: Americans struggling with high gas prices, take heart: Diddy “feels you.” The rap megastar is keeping his private jet grounded and flying commercial – American Airlines, to be exact – because “gas prices are ...

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