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FDIC's Bair warns of government "exposure" in mortgages (Reuters)

Thu, 09 Sep 2010 03:53:37 GMT
Business - Real Estate

SEC defends $75 million deal with Citigroup (AP)

Thu, 09 Sep 2010 03:22:50 GMT
Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.

Wind-whipped fires add to Detroit's economic woes (AP)

Thu, 09 Sep 2010 03:21:30 GMT
AP - The government is defending as "fair and adequate" its $75 million settlement with Citigroup Inc. over charges it misled investors about billions in potential losses from subprime mortgages.

Bankers urge government to pull plug on Fannie, Freddie (Reuters)

Wed, 08 Sep 2010 20:35:59 GMT

Burned cars and property are seen on the west side of Detroit, Wednesday, Sept. 8, 2010. A wind-swept fire swept through at least three Detroit neighborhoods, destroying dozens of homes, including many that were vacant, officials said. (AP Photo/Carlos Osorio)AP - For a city already struggling with high unemployment, widespread foreclosures and deep budget cuts, here was another crisis: Wind-whipped fires tearing through row after row of homes, some of them abandoned.


Freddie Mac to issue new 5-year note due 2015 (AP)

Wed, 08 Sep 2010 17:41:01 GMT
Reuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.

Summary Box: Mortgage lending falls 1.5 pct (AP)

Wed, 08 Sep 2010 14:45:35 GMT
AP - Government sponsored mortgage buyer Freddie Mac said Wednesday it plans to issue new five-year notes due on Sept. 10, 2015.

Economists further scale back U.S. growth outlook (Reuters)

Wed, 08 Sep 2010 14:41:37 GMT
AP - MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.

Mortgage lending down 1.5 pct as rates inch up (AP)

Wed, 08 Sep 2010 14:24:00 GMT

London shares ended in positive territory Thursday on US jobs and home sales data after falling in early deals.(AFP/File/Carl de Souza)Reuters - Stubbornly high unemployment and signs of persistent weakness in the housing market have prompted economists to further cut their outlook for U.S. growth in the second half of the year, a Reuters poll showed on Wednesday.


Home buying up in week, but down 40 percent in year (Reuters)

Wed, 08 Sep 2010 11:18:02 GMT
AP - Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades.

Gov't launches plan to help "underwater" borrowers (AP)

Tue, 07 Sep 2010 20:41:58 GMT

London shares ended in positive territory Thursday on US jobs and home sales data after falling in early deals.(AFP/File/Carl de Souza)Reuters - Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday.


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