Mortgage and Financial News From 2008-4-7 Page 2
Previous Day: 2008-04-06
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Fannie Mae Announces New Issue 2-Year Benchmark Notes(R) (Bernama via Yahoo! Malaysia News)
ATTENTION EDITOR, BUSINESS & FINANCE DESKS WASHINGTON, April 8 /PRNewswire-AsiaNet/ -- The following is being issued by Fannie Mae (NYSE: FNM): 2-Year Pricing Date April 9, 2008 Settlement Date April 11, 2008 Maturity Date May 20, 2010 Issue Size $3 billion Coupon TBD Payment Dates Each May 20th and November 20th, beginning May 20, 2008 CUSIP 31398APV8 Listing Application will be made to list ...
2008-04-07 07:39:24 -
Credit checks have little effect on score (The Sacramento Bee)
Q: My sister-in-law is apartment hunting in San Diego, and she's been told that every time a landlord, or anyone else, submits a credit check, her credit score is automatically lowered by the credit rating agencies. Is that true?
2008-04-07 07:40:19 -
Lehman Brothers: Home Sales Likely Lower Again (INO News)
(RTTNews) - We expect Tuesday's data to show that pending home sales to have fallen 1.5 percent in February after holding steady in January, says Lehman Brothers analyst Drew Matus in the firm's daily U.S. economic comment.
2008-04-07 07:46:48 -
Greenspan Says U.S. Home Prices May Stabilize Later This Year (Bloomberg.com)
April 8 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the drop in U.S. home prices will probably end ``well before'' early next year as the number of houses on the market diminishes, aiding an economic rebound.
2008-04-07 07:58:28 -
Federal Grants Awarded For Affordable Housing (KDKA Pittsburgh)
Sen. Arlen Specter along with Congressmen Mike Doyle and Jason Altmire joined officials from the Federal Home Loan Bank of Pittsburgh to award nearly $3.3 million in affordable housing grants.
2008-04-07 07:58:43 -
End Run Is Reduced Spending, Ablin Says (Nasdaq)
(RTTNews) - Wall Street's reverberations are affecting Main Street and it isn't pretty, says Harris Private Bank analyst Jack Ablin. Now, due to depressed home prices, the Fed faces two challenges. The first and most pressing issue is liquidity.
2008-04-07 08:01:02 -
Inflation a threat for years to come: economist (Australian Broadcasting Corporation)
There is more gloomy news today for anyone who has a home mortgage, or is hoping to get one.
2008-04-07 08:09:53 -
Falling rates make 2008 a golden year (Bangkok Post - Thailand's English news)
Prospective homebuyers looking closely at interest-rate trends may capture some savings by waiting for rate declines over the next several months, according to local bankers.
2008-04-07 06:39:07 -
Athletic club faces delay (Ballard News-Tribune)
A $14 million redevelopment of the Olympic Athletic Club and new four-star hotel on historic Ballard Avenue has been put on hold while the owners seek funding.
2008-04-07 06:39:43 -
Bank Is in Line for a $5 Billion Infusion (NYTimes.com via Yahoo! Finance)
Washington Mutual was poised late Monday to grab a $5 billion lifeline from the buyout firm TPG and other investors in an effort to stabilize its finances.
2008-04-07 06:41:01 -
Citigroup Director Expected to Quit Key Committee (NYTimes.com via Yahoo! Finance)
The chairman of Citigroup’s audit and risk committee is poised to resign from that post under pressure from shareholders, people briefed on the situation said Monday.
2008-04-07 06:41:02 -
Credit applications drop significantly (TVNZ)
Rising fuel and food prices are being blamed for a significant drop in applications for personal credit. Veda Advantage has released figures showing a 52% decrease in hire purchase applications for the first quarter of 2008, compared with the same time last year.
2008-04-07 06:48:56 -
2008 Pulitzer Prize winners in journalism and the arts (Charleston Daily Mail)
Public Service: The Washington Post for exposing the mistreatment of wounded veterans at Walter Reed Hospital. Finalists: The Charlotte (N.C.) Observer for reporting on the effects of the mortgage crisis; Newsday of Long Island for investigation of dangerous gaps on railroad platforms.
2008-04-07 06:49:37 -
Turbulent economy in focus as finance chiefs gather (TODAYonline)
US Treasury Secretary Henry Paulson at a press conference on April 7 in Florida. With the world economy facing numerous threats global finance chiefs are expected to feel the heat at the IMF's annual springtime meet.
2008-04-07 07:06:17 -
House To Offer Plan on Housing (Washington Post)
House Democrats are crafting a response to the nation's housing crisis that would offer tax breaks to homeowners, first-time homebuyers and developers of low-income housing but would not provide tax relief to the struggling homebuilding industry.
2008-04-07 07:08:42