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Strong GDP data, weak oil spark Wall St rally
(Reuters)
 Reuters - U.S. stocks rose sharply on Thursday
as the government reported the economy grew at a surprisingly
robust clip in the second quarter and oil prices eased, driving
gains in major industrial and financial companies.
Yahoo - August 29 - 2008
Mortgage applications up 1st time in 3 weeks: report
(Reuters)
 Reuters - U.S. mortgage applications rose for
the first time in three weeks as interest rates edged lower, an
industry group said on Wednesday.
Yahoo - August 28 - 2008
Fannie Mae shakes up management team
(AP)
 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 companies is imminent.
Yahoo - August 28 - 2008
Three Fannie Mae execs out, shares rally earlier
(Reuters)
 Reuters - Fannie Mae , the biggest U.S.
mortgage finance company, on Wednesday announced a shake-up of
top executives, including the exit of its chief financial
officer, in an effort to better implement a plan to preserve
capital and cut losses.
Yahoo - August 28 - 2008
Treasurys edge higher amid Fannie, Freddie worries
(AP)
AP - 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.
Yahoo - August 28 - 2008
Fannie Mae shakes up top staff, keeps CEO
(AFP)
 AFP - Fannie Mae, one of the government-sponsored mortgage finance giants facing trouble from the housing meltdown, announced a shakeup of key management Wednesday while keeping its chief executive.
Yahoo - August 28 - 2008
Fannie Mae announces management shakeup
(Reuters)
 Reuters - Mortgage-finance company Fannie Mae
on Wednesday announced a management shake-up in an
effort to come to grips with mounting credit losses and a
shrinking capital base.
Yahoo - August 28 - 2008
3 top Fannie Mae executives to leave company
(AP)
AP - Fannie Mae says three top executives are leaving as the mortgage finance company aims to cope with mounting losses from the mortgage crisis.
Yahoo - August 28 - 2008
Strong data, financials drive stocks higher
(Reuters)
 Reuters - Stocks rose on Wednesday as
surprisingly strong data on durable goods orders soothed some
concern about the sluggish economy while Fannie Mae and Freddie
Mac led a rally in financial shares.
Yahoo - August 28 - 2008
No GSE announcement on Wednesday: U.S. Treasury
(Reuters)
Reuters - The U.S. Treasury on Wednesday shot
down financial market rumors that an announcement regarding
mortgage finance companies Fannie Mae and Freddie Mac
was imminent.
Yahoo - August 28 - 2008
Freddie, Fannie bail-out concerns premature: Merrill
(Reuters)
Reuters - Merrill Lynch said it was premature to consider
a recapitalization sponsored by the U.S Treasury for Freddie
Mac and Fannie Mae , the two biggest U.S.
mortgage finance giants, as capital depletion would not likely
occur for several quarters.
Yahoo - August 28 - 2008
New Jersey governor wants larger gov't role for Fannie
(Reuters)
 Reuters - The U.S. government should eliminate the
hybrid structure of mortgage giants Fannie Mae and Freddie Mac
and fully back them with taxpayer funds, New Jersey Gov. Jon
Corzine said on Tuesday on the sidelines of the Democratic
National Convention.
Yahoo - August 27 - 2008
Asset-backed securities markets suffer
(FT.com)
FT.com - Even as another embattled British builder, Bovis, pleads for greater intervention to support the UK mortgage market, where new loan approvals are down 65 per cent versus a year ago, the European Central Bank is looking nervously at the support it has provided the sector.
Yahoo - August 27 - 2008
Fannie Mae, Freddie Mac shares climb
(AP)
AP - Shares of Fannie Mae and Freddie Mac climbed for a second day Tuesday amid expectations in some Wall Street quarters that the mortgage finance giants will be able to weather the housing storm without a government rescue.
Yahoo - August 27 - 2008
Fannie, Freddie capital can absorb losses: report
(Reuters)
 Reuters - Fannie Mae and Freddie Mac
, the two biggest U.S. mortgage finance giants, have
enough capital to absorb probable losses through the end of the
year, reducing the need for emergency government support,
according to Citigroup equity research.
Yahoo - August 27 - 2008
The Credit Crunch Cuts Deeper and Wider
(BusinessWeek Online)
BusinessWeek Online - On Wall Street, the yearlong credit crunch continues to hog headlines. For example, the future is still in question for investment banks like Lehman Brothers and mortgage financiers (BusinessWeek.com, 8/22/08) Fannie Mae and Freddie Mac .
Yahoo - August 27 - 2008
Fannie Mae, Freddie Mac shares rise
(AP)
 AP - Shares of Fannie Mae and Freddie Mac soared Monday in a respite from their battering in recent days, while some regional banks saw their stocks sink on worries they could be swept up in the turmoil surrounding the mortgage finance giants.
Yahoo - August 26 - 2008
Florida tops 1Q mortgage fraud list
(AP)
AP - Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industry data released Monday.
Yahoo - August 26 - 2008
JPMorgan's Fannie, Freddie preferred stock has lost $600 million
(Reuters)
 Reuters - JPMorgan Chase & Co in a U.S.
Securities and Exchange Commission filing said it holds about
$1.2 billion Fannie Mae , Freddie Mac
Yahoo - August 26 - 2008
Danish central bank rescues nation's No. 10 bank
(AP)
AP - The Danish central bank said Monday it has taken over the nation's 10th largest bank, a 124-year-old institution which had been struggling amid global financial turmoil and mounting losses on mortgage loans as housing prices fell in Denmark.
Yahoo - August 26 - 2008
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