Mortgage and Financial News From 2008-9-10 Page 14
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Pending home resales decline more than expected (San Diego Union-Tribune)
WASHINGTON – Pending U.S. home sales fell more than expected in July as the housing market's struggles continued, an industry group said yesterday. The National Association of Realtors said its seasonally adjusted index of pending sales for existing homes fell 3.2 percent to a reading of 86.5 from an upwardly revised June reading of 89.4.
2008-09-10 03:03:26 -
The end of the world is nigh . . . or is that nay? (Vancouver Sun)
Possibly you haven't heard about the end of the world, and by that I don't mean Sarah Palin becoming vice-president of the United States.
2008-09-09 12:32:39 -
Urstadt Biddle Properties Inc. Reports Operating Results for Third Quarter and First Nine Months of Fiscal 2008 (wallstreet:online AG)
Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), a real estate investment trust, today announced
2008-09-09 12:46:03 -
Fannie/Freddie woes show risks of narrow fund aims (St. Louis Post-Dispatch)
Much has been said about the impact of the federal government's rescue of Freddie Mac and Fannie Mae will have on taxpayers. But the faltering state of both mortgage-investment houses may already have hit many Americans in the pocketbook.
2008-09-09 02:58:10 -
Treasuries Fall on Speculation Yield Drop to Sap Auction Demand - Bloomberg
Sept. 10 (Bloomberg) -- Treasury 10-year notes fell for the first time this week on speculation yields near the lowest since April will erode demand at a $12 billion auction of the securities tomorrow. Notes also dropped on concern the government ...
2008-09-09 09:37:00 -
Citigroup Incorporated - Chicago Tribune
Shareholders in Fannie Mae and Freddie Mac saw the value of their stock nearly disappear Monday after the mortgage giants had been taken over by the federal government, but the companies' chief executives will leave after banking millions and taking.
2008-09-09 05:56:00 -
Asian stocks fall on Lehman fears; oil gains - Reuters
HONG KONG/SINGAPORE (Reuters) - Asian shares fell about 1 percent and U.S. Treasuries dipped on Wednesday on fears about Lehman Brothers' ability to raise capital, demonstrating Washington's bailout of Fannie Mae and Freddie Mac this week had not ...
2008-09-09 11:39:00 -
Fannie and Freddie: Gauging the Fallout - BusinessWeek
The government's Sept. 7 bailout of mortgage giants Fannie Mae ( FNM ) and Freddie Mac ( FRE ) will add much-needed liquidity to the secondary market for U.S. mortgages. But it does little to resolve some bigger problems: excessive housing ...
2008-09-09 10:49:00 -
Many failing credit test - Baltimore Sun
T alk about taboo subjects. It seems most Americans would rather discuss their love lives with somebody they just met than how much they owe on their credit cards. They would also rather talk about their salaries, mortgage or rent payments, health ...
2008-09-09 11:03:00 -
Lehman dives 45% after losing Korean lifeline - Times Online
The share rally on Monday that followed the bailout of Freddie Mac and Fannie Mae was reversed abruptly yesterday as fears mounted over the future of Lehman Brothers, the embattled Wall Street bank. Shares in Lehman Brothers fell by a record 45 per ...
2008-09-09 11:11:00 -
India's HDFC sees 24-25 pct loan growth in FY09 - Reuters
MUMBAI, Sept 10 (Reuters) - Housing Development Finance Corp (HDFC.BO: Quote , Profile , Research , Stock Buzz ), India's top mortgage lender, expects growth of 24 to 25 percent in loans in the fiscal year that ends in March 2009, its chairman said ...
2008-09-09 11:39:00 -
Wachovia battens down the hatches (Los Angeles Times)
The No. 4 U.S. bank will cut expenses and reduce risk exposure in an attempt to weather the mortgage failure storm. Wachovia Corp., the fourth-largest U.S. bank, will cut expenses next year by $1.5 billion and is "tapping the brakes" on risk, Chief Executive Robert Steel told investors Tuesday.
2008-09-10 12:14:48 -
Obama joins critics of Fannie, Freddie pay packets (Gresham Outlook)
RIVERSIDE, Ohio (Reuters) - Democratic presidential contender Barack Obama on Tuesday denounced the possibility of rich exit pay packets for the outgoing chiefs of Fannie Mae and Freddie Mac as lawmakers weighed how to restructure the seized mortgage finance companies.
2008-09-10 12:18:04 -
Small housing units provide a higher rental yield in Dubai (Zawya)
10 September 2008 Rental yields from small housing units such as studios and one-bedroom apartments in Dubai are higher than those achieved from larger homes, says a report.
2008-09-10 12:29:32 -
Darling ready to act on mortgage market (Times of Malta)
Britain's Chancellor of the Exchequer Alistair Darling during a Cabinet meeting at the International Conference Centre in Birmingham, central England.
2008-09-10 12:30:29