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Fannie to discontinue 'declining area' policy Fannie Mae, under pressure from homeowner and real estate groups, is doing away with higher minimum down payment requirements in parts of the country with declining home prices - a policy that had affected much of the Baltimore metro area.
Associated Press Saturday, May 17, 2008; Page D04 NEW YORK, May 16 -- Wall Street pulled off its lows to finish mixed Friday as investors squared concerns about rising oil prices with a surprise jump in home construction. The Dow Jones industrial average slipped 5.86, or 0.05 percent, to...
Mikey223's MarketWatch story recommendations will appear here. Any MarketWatch story can be recommended by clicking the stars at the top of the story. Story: Fannie Mae eases down payment rules (16 minutes ago) Unless the PMI companies go along with it in areas that they define as declining...
Wilmington event aims to boost sluggish housing market, highlight development By ERIC RUTH • The News Journal • May 17, 2008 WILMINGTON -- That's what city officials and the New Castle County Board of Realtors hope lots of shoppers will do Sunday at the Citywide Open House, a showcase to hype the...
BERKELEY, Calif. — Robert Mondavi, the pioneering vintner who helped put California wine country on the map, died yesterday. Rosier economic future predicted WASHINGTON — Treasury Secretary Henry Paulson said yesterday that financial markets are "considerably calmer" now than they were two months...
Edited by Robin Goldwyn Blumenthal Word Count: 663 | Companies Featured in This Article: Spectra Energy, Baidu.com, Hewlett-Packard, Home Depot, Target, Fannie Mae, Medtronic, Macquarie Group, Boeing, CVS Caremark, Electronic Arts Dates to Watch For | Review | Follow-Up Consensus Estimates |...
WASHINGTON -- Senate Banking Committee Chairman Christopher Dodd (D., Conn.) said Friday he was cautiously optimistic lawmakers could finalize a housing rescue package by next week. "We're not there yet," he said in an interview. "We're pretty close. I think we are going to be in good shape." His...
Word Count: 482 | Companies Featured in This Article: Fannie Mae, Freddie Mac Fannie Mae and Freddie Mac are "a point of vulnerability for the financial system" because their capital is meager in relation to their mortgage assets and obligations, the companies' main regulator said. With that...
WASHINGTON (AFP) - US Treasury Secretary Henry Paulson said Friday he believes the financial crisis is winding down, but that it would take some time to fully emerge from the economic malaise. "In my judgment we are closer to the end of the market turmoil than the beginning," Paulson said in a...
Fannie Mae has loosened its loan policies, giving a break to potential homebuyers but causing investors to be skittish about its stock. Fannie Mae (nyse: ) tumbled 3.5%, or $1.07, to $29.15, during Friday morning trading in New York after announcing that it will now accept down-payments as low as...
