Mortgage and Financial News From 2007-9-20 Page 30
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Business briefs, September 20
Rocky Mountain News - Shifting course, Treasury Secretary Henry Paulson planned to tell Congress the Bush administration would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities loans exceeding $417 ...
2007-09-19 11:32:00 -
Expert says housing may spur recession
Philadelphia Inquirer - The hearing came as the government said yesterday that it would slightly raise the investment-portfolio cap for government-sponsored mortgage companies Fannie Mae and Freddie Mac as a way to pump cash into the stretched mortgage market. The federal ...
2007-09-19 11:53:00 -
Fewer lose their homes to taxes these days
Detroit Free Press - Employees will even call mortgage companies to encourage them to pay the taxes on homes facing foreclosure so they won't lose their investments in the homes. "That's the mission I gave my staff: Do not take an occupied home," said Macomb County ...
2007-09-20 12:08:00 -
Starbucks sued for alleged patent infringement
Seattle Times - The hearing came as the government said Wednesday it would slightly raise the investment portfolio cap for government-sponsored mortgage companies Fannie Mae and Freddie Mac as a way to pump cash into the stretched mortgage market. Apple Materials in ...
2007-09-20 12:22:00 -
US Treasury Sec says would consider allowing Fannie Mae, Freddie Mac ...
MSN UK News - Shifting course, Treasury Secretary Henry Paulson planned to tell Congress he would consider allowing the big U.S. mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities those loans exceeding $417,000 (euro298 ...
2007-09-19 06:17:00 -
Federal mortgage companies to step up
Arlington Heights Daily Herald - WASHINGTON -- Fannie Mae and Freddie Mac, the biggest sources of U.S. home finance, can buy $20 billion more in subprime mortgages under rules unveiled Wednesday to help revive a market crippled by tighter lending standards. The Office of Federal ...
2007-09-19 10:13:00 -
Is the credit crunch finally over?
BBC Business - The crisis began when US mortgage companies made hundreds of billions of dollars of inappropriate loans to individuals with poor credit histories. These debts were then packaged up and sold to financial institutions around the world, who then sold it ...
2007-09-19 11:25:00 -
Paulson considering mortgage change (Sharewatch)
WASHINGTON (AP) - Shifting course, Treasury Secretary Henry Paulson planned to tell Congress he would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy loans exceeding $417,000.
2007-09-19 04:02:46 -
Paulson Considering Mortgage Change (IWon - Money)
WASHINGTON (AP) — Shifting course, Treasury Secretary Henry Paulson planned to tell Congress he would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities those loans exceeding $417,000.
2007-09-19 04:47:40 -
BB&T mortgage gets points for good service (The Greenville News)
BB&T Corp.'s mortgage division ranked No. 1 in customer service satisfaction among primary mortgage servicing companies in a nationwide study by J.D. Power and Associates, thanks in large part to its local employees.
2007-09-19 11:04:35 -
Paulson considering mortgage change (Lexington Herald-Leader)
As Congress weighs remedies for the mortgage-market crisis, Treasury Secretary Henry Paulson is signaling that the Bush administration would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities loans exceeding $417,000. The idea, which represents a policy change for the administration, is portrayed as a way to inject liquidity ...
2007-09-19 10:11:16 -
Fannie, Freddie mortgage caps rise (Denver Post)
The government on Wednesday nudged higher the investment caps for home-loan finance companies Fannie Mae and Freddie Mac in an effort to alleviate strain in the mortgage market.
2007-09-20 12:27:51 -
Paulson Considering Mortgage Change (Washington Post)
WASHINGTON -- Shifting course, Treasury Secretary Henry Paulson planned to tell Congress that the Bush administration would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities loans exceeding $417,000.
2007-09-19 04:52:57 -
Paulson considering mortgage change (AP via Yahoo! News)
As Congress weighs remedies for the mortgage-market crisis, Treasury Secretary Henry Paulson is signaling that the Bush administration would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities loans exceeding $417,000.
2007-09-20 12:34:34 -
Provident's Strayton readies for change
White Plains Journal News - The mortgage broker is getting a piece of the action for every loan he makes. And it's outside the regulatory environment. Here's the issue that most people are missing. Who was buying the loans? The investors should take the hit for that. They were ...
2007-09-19 11:25:00