Mortgage and Financial News From 2008-9-22 Page 8
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Mortgagebrokers.Com Continues Adding to Network Growth with the ... - MSN MoneyCentral
BV Funding Corp. managed by Mr. Barry Patchett and Mr. Rocco Vasco Joins MortgageBrokers.com Holdings, Inc. - PROFIT Magazine's #1 ranked Company in their "9th Annual Hot 50 List of Canada's Emerging Growth Companies" TORONTO , Sept. 22 /PRNewswire ...
2008-09-22 05:16:00 -
UK's B&B shares rise on talk of hunt for bidder - Forbes
LONDON, Sept 22 (Reuters) - Shares in British mortgage bank Bradford & Bingley were sharply higher in morning trade, supported by press reports that the Financial Services Authority is sounding out potential bidders for the group. By 0905 GMT, B&B ...
2008-09-22 03:28:00 -
Congress scrambles on rescue bill - CNN Money
NEW YORK (CNNMoney.com) -- The Bush administration's proposed $700 billion financial rescue took fuller shape on Monday as lawmakers debated whether to add provisions to protect taxpayers while banks and other companies called for expanding its scope ...
2008-09-22 08:36:00 -
Dems want pay limits, loan aid in bailout - Detroit Free Press
A draft of the plan obtained today by The Associated Press shows that Senate Banking Committee Chairman Chris Dodd, D-Conn., also wants the government to get a stake in the companies helped by the unprecedented rescue.
2008-09-22 09:41:00 -
Democrats want pay limits, loan aid in financial bailout - New York Daily News
WASHINGTON — Senate Democrats are proposing to add government help for homeowners and limits on executive compensation to legislation providing a $700 billion financial system bailout. A draft of the plan obtained Monday by The Associated Press ...
2008-09-22 09:41:00 -
Call In the Plumbers - BusinessWeek
Here’s what’s next for the candidates to ponder: A big, but as-yet undefined, government fix. In a brief news conference this morning, Treasury’s Henry Paulson said that, whatever Congress and the Administration comes up with, “we’re ...
2008-09-22 10:02:00 -
Ben Bernanke - Chicago Tribune
by Mark Silva Count both Barack Obama and John McCain, the candidates for president, as avowedly cautious in the face of the $700 billion bailout that the Bush administration proposes for banks and other financial institutions holding bad mortgage ...
2008-09-22 10:09:00 -
David Howard Column: Government takeover of Fannie & Freddie unfortunate, necessary (Plainview Daily Herald)
In a widely anticipated move, the U.S. government seized Fannie Mae and Freddie Mac on Sunday, Sept. 9, 2008. That’s when the Federal Housing Finance Agen-cy (FHFA) assumed direct responsibility for these two financial giants, which together provide funding for roughly 75 percent of new home mortgages.
2008-09-22 09:36:04 -
Stocks Continue To Show Notable Weakness In Early Afternoon Trading - U.S. Commentary (INO News)
(RTTNews) - As investors wait for more details about the government's plan to bail out the financial markets, stocks continue to show significant weakness in early afternoon trading on Monday. The weakness sent the Dow down more than 200 points earlier in the day.
2008-09-22 09:47:28 -
Details of the financial firm bailout plan pressures U.S. stocks into the red (Schaeffers Research)
This morning, news hit the Street of a %24700 billion government plan to bail out ailing financial firms, but "investors are mixed on whether the plan will meaningfully improve the U.S. economic outlook" noted Sal Guatieri, a senior economist at BMO Capital...( Read More )
2008-09-22 09:46:44 -
Stocks Slip On Financial Reshuffle (Forbes)
Goldman and Morgan morph into bank holding companies while investors mull Paulson's $700B bailout plan.
2008-09-22 09:52:15 -
(AFX UK Focus) 2008-09-22 17:29 Milan shares close lower, tracking Wall Street, led by dollar stocks UPDATE (Interactive Investor)
(updating with full report)
2008-09-22 09:58:12 -
The layperson’s guide to Fannie and Freddie (The Daily Dispatch)
Fannie Mae was established as a government agency in 1938, during the Great Depression, to help make mortgages less expensive and more available. In 1968, Fannie was transformed into a government sponsored enterprise, which meant investors could now buy shares.
2008-09-22 09:50:48 -
Sector snap: Homebuilders slide on bailout worries (INO News)
(AP:NEW YORK) Homebuilder shares fell sharply Monday, giving back much of the gains registered in Friday's overall market run-up, as investors reassessed the chances that the government's bailout plan will invigorate the housing sector.
2008-09-22 10:18:41 -
Is it safe? (Journal Inquirer)
Forgive the average bank account holder and stock market investor for feeling a tad insecure when surveying the government’s trillion-dollar bail-out of financial services companies and mortgage-buying giants Fannie Mae and Freddie Mac, as well as the bankruptcy of investment bank Lehman Brothers and Bank of America’s takeover of once-great broker-dealer Merrill Lynch.
2008-09-22 10:20:54