Highlights
A collection of news and information related to Fannie Mae published by Tribune Company sources.
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Should we save Detroit?
MotorTrend MagazineIt's tough in Motown. Stare-at-the-sun, crawl-across-the-burning-sand tough. But the Detroit Three -- raggedy, gasping, wobbling -- can see salvation shimmering on the horizon -- retooled factories building smaller, more fuel-efficient cars; the UAW... -
WORLD & NATION UPDATE: AT HOME
Capitol Police arrested a man Friday after they found a grenade and several weapons in his car several blocks from the Capitol building. Christopher Shelton Timmons, 27, of Orange, Va., was charged with carrying a deadly weapon and possessing unregistered...Tags: Firearms, Diseases, Freddie Mac, Petroleum Industry, Weaponry
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Bailout Soon?
The government may soon step in to provide assistance to mortgage finance giants Fannie Mae and Freddie Mac, according to a report by the Wall Street Journal. Details of the plan, which could be announced as early as this weekend, were still being...Tags: Freddie Mac
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Report: Government May Soon Back Fannie, Freddie
Associated PressShares of mortgage finance companies Fannie Mae and Freddie Mac tumbled in after-hours trading Friday after a report by The Wall Street Journal said that the government may soon step in to provide a financial boost to the two companies. Details of the...Tags: Government, Contracts, Freddie Mac, National Government, Federal Reserve
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14 percent of Florida facing mortgage crisis
The Associated PressMore than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. Meanwhile,...Tags: Rhode Island, Freddie Mac, Mississippi, Nevada, Arizona
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U.S. plans mortgage bailout
New York Times News ServiceWASHINGTON — Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place...Tags: Heads of State, Government, Freddie Mac, Federal Reserve, George Bush
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Wall Street bummer
Of The Associated PressWall Street plunged Thursday, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year recovery. The market...Tags: KB Home, Unemployment, Corporate Officers, Gold and Precious Material, Stocks
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Dow drops more than 340 on retail sales reports, jobless data
The Associated PressWall Street plunged today, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year recovery. The market was...Tags: New York Stock Exchange, Unemployment, Gold and Precious Material, Stocks, New York Mercantile Exchange
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GMAC Financial to close offices
From Chicago Tribune news servicesLender GMAC Financial Services said Wednesday that it will close all of its 200 retail offices and eliminate about 5,000 jobs as part of a plan to reduce its mortgage lending and servicing because of the housing market downturn. The majority of the job...Tags: Loans, New York, Wachovia Corp., Freddie Mac, Automotive Equipment
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GMAC to close all 200 mortgage retail offices
The Associated PressLender GMAC Financial Services, partly owned by General Motors Corp., said Wednesday it will close all of its 200 retail offices nationwide and lay off about 5,000 employees to reduce its mortgage lending and servicing because of the housing market...Tags: Employees, New York, Wachovia Corp., Freddie Mac, Automotive Equipment
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Sale Price For Debt Might Show Freddie Fears Easing
Freddie Mac sold $1 billion in five-year debt Tuesday at a price that indicates investors' fears about the mortgage finance company's future have eased a bit. Investors are watching the debt sales of Freddie Mac and its sibling company, Fannie Mae, to...Tags: Freddie Mac
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Freddie Mac debt sale shows fears easing
WASHINGTON Freddie Mac sold $1 billion in five-year debt yesterday at a price that indicates investors' fears about the mortgage finance company's future have eased a bit. Investors are watching the debt sales of Freddie Mac and its sibling company,...Tags: Freddie Mac
Sep 6, 2008
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