Fannie Mae relaxing loan down payment requirements (Reuters)
yahoo.com     May 16, 2008            

NEW YORK (Reuters) - Starting on June 1, the new requirements of 3 percent or 5 percent, which replace rules set in December, will apply nationally to loans on single-family primary residences, it said. The rule change comes as many in the housing industry call for Fannie Mae (FNM.N) and Freddie... [read full story]                    


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Afternoon Reading: Lehman’s Intercontinental Search for a Cash Infusion

wsj.com     2 hrs ago          

Have government-investment funds from the Middle East and Asia learned a lesson? Sovereign-wealth funds, as they are known, made a splash investing in Wall Street firms at the end of last year and the beginning of this one, but...                    

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Oil gushes up $6

cnn.com     2 hrs ago   229 related          

Crude futures rally as dollar weakens, fears of credit turbulence send investors back to commodities and concern over global supply mounts. Oil surged more than $6 on Thursday to touch $122 a barrel, on a falling dollar and...                    

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Credit fears, soaring oil push market lower

washingtonpost.com     3 hrs ago          

NEW YORK (Reuters) - Goldman Sachs (GS.N) shares also fell as analysts predicted more mortgage-related write-downs at some of Wall Street's biggest financial firms. Shares of consumer-oriented companies like Coca-Cola Co (KO.N)...                    

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Treasurys slip after jobless data, oil price jump

nwsource.com     3 hrs ago   4 related          

Treasury prices fell modestly Thursday, giving up some of their recent gains as the Labor Department reported a larger-than-expected decline in claims for unemployment benefits. By MADLEN READ AP Business Writer NEW YORK —...                    

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