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Senate due to back housing bill, GSE shares slide - ReutersWASHINGTON (Reuters) - The U.S. Senate is due to vote finally on Saturday to approve a major housing market rescue bill, including federal financial assistance for Fannie Mae and Freddie Mac , the mortgage titans whose shares fell again in early ...
Economy.com | Rising Household Debt, Defaults Straining US Economy - Miami HeraldWEST CHESTER, Pa, July 23 – U.S. household finances are deteriorating rapidly under the strain of increased debt and falling home prices, threatening the health of the U.S. economy, according to a new research from Moody"s Economy.com, a division ...
Stocks tumble after sales of existing homes fall - Deseret NewsNEW YORK — Wall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism. The major ...
US Senate on course to vote Sat. on housing bill - ForbesWASHINGTON (Reuters) - The U.S. Senate was on course for a Saturday vote to approve a major housing market rescue bill offering a lifeline to mortgage finance giants Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ...
House OKs rescue plan - Chicago TribuneWASHINGTON - The House approved a sweeping plan Wednesday to ease the most serious housing crisis since the Great Depression by providing aid to homeowners facing foreclosure and a federal backstop for struggling mortgage giants Fannie Mae and ...
Wachovia and Washington Mutual post billions in mortgage losses - NewsdayWachovia Corp. and Washington Mutual Inc. posted billions of dollars in mortgage losses Tuesday, far more than analysts had forecast, but their stocks rose as investors apparently concluded that the home-lending sector could work through its deep ...
Moody's Economy.com: Rising Household Debt, Defaults Straining US ... - ForbesU.S. household finances are deteriorating rapidly under the strain of increased debt and falling home prices, threatening the health of the U.S. economy, according to a new research from Moody's Economy.com, a division of Moody's Analytics ...
House OKs bill to rescue homeowners Measure also a federal backstop ... - Las Vegas Review JournalWASHINGTON -- The House Wednesday easily approved legislation that seeks to slow the steepest slide in house prices in a generation, rescue hundreds of thousands of homeowners at risk of foreclosure and reassure global markets that mortgage-finance ...
Nevada delegation supports housing relief plan - Las Vegas SunWASHINGTON -- Nevada’s three House members voted late this afternoon for a housing relief package that includes the Bush administration’s plan to shore up mortgage giants Fannie Mae and Freddie Mac, helping to pass the legislation despite ...
Jobless claims jump as housing market gets weaker - Miami HeraldWASHINGTON Two cornerstones of the economy - jobs and housing - sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing ...
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