Friday, November 21st, 2008
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An interesting read for Agra KS residents...



Fannie Mae, Freddie Mac suspend some foreclosures (Reuters)

The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington in this September 8, 2008 file photo. (Jason Reed/Reuters)Reuters - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.


 
Fannie Mae, Freddie Mac halting foreclosures (AP)
AP - Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season.
 
Fannie Mae, Freddie Mac to suspend US home foreclosures (AFP)

The Freddie Mac headquarters in McLean, Virginia. The two US mortgage finance giants, Fannie Mae and Freddie Mac, said on Thursday they halt home foreclosures until early January as they modify loans to help keep owners in their homes.(AFP/File/Paul J. Richards)AFP - The two US mortgage finance giants, Fannie Mae and Freddie Mac, said on Thursday they halt home foreclosures until early January as they modify loans to help keep owners in their homes.


 
Banks, raters face subprime lawsuits and new rules (Reuters)
Reuters - The U.S. subprime mortgage crisis has sparked more than 250 class action suits against Wall Street banks and rating companies and will lead to rising regulation in 2009, top litigators said on Thursday.
 
China fund in talks for stake in AIG unit: report (Reuters)

People stand outside the American International Group (AIG) offices in New York September 17, 2008. (Shannon Stapleton/Reuters)Reuters - A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a stake of up to 49 percent in American Life Insurance Co, a unit of U.S. insurance company American International Group , the Nikkei financial daily reported.


 
UK mortgage lending down 44 pct from a year ago (AP)
AP - Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday.
 
May 5th, 2008

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