Mortgage and Financial News From 2008-7-16 Page 11
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Investor loses big in WaMu stock drop - Seattle Post Intelligencer
TPG Inc.'s plan to profit from Washington Mutual Inc., the biggest U.S. savings and loan, may be sinking with the housing market. The private-equity firm, led by David Bonderman, anchored a $7 billion cash injection into Washington Mutual in April by ...
2008-07-15 11:55:00 -
No vacation for tight standards - Chicago Tribune
For enthusiastic second-home buyers, visiting a lender can feel like checking into a crowded airport on the way to vacation. Expect delays. Even worse, your plans may be grounded. Scarred by the recent rash of foreclosures, lender caution may be no ...
2008-07-16 01:00:00 -
Banks want Treasury support for housing market - Times Online
Mortgage lenders piled pressure on the Treasury yesterday to assist Britain's ailing housing market, by calling for the Government to help to fund new home loans. The Council of Mortgage Lenders (CML), whose members provide more than £1,000 billion ...
2008-07-15 06:48:00 -
Taipei shares close lower for 3rd day on financial sector worries ... - CNBC
TAIPEI (XFN-ASIA) - Share prices closed lower for the third straight day as investors continued to worry about the exposure of local financial firms to troubled US mortgage lenders Fannie Mae and Freddie Mac. Dealers also noted margin call pressure ...
2008-07-15 10:58:00 -
Mortgage market misery is not the real curse - Times Online
Any lingering hope that the Bank of England might try to revive the half-dead mortgage market with a near-term cut in interest rates were killed off by yesterday's ghastly inflation figures. The 3.8 per cent rise in June was much worse than expected ...
2008-07-15 03:06:00 -
Fannie Mae, Freddie Mac May Eliminate Dividend as Losses Mount - Bloomberg
July 16 (Bloomberg) -- Fannie Mae and Freddie Mac , the beleaguered U.S. mortgage-finance companies, may cut common stock dividends to preserve capital after their shares fell 80 percent this year, data compiled by Bloomberg show. Freddie Mac will ...
2008-07-15 11:20:00