14 hrs ago | Wral.com
Bernanke: Financial turmoil in markets easing
“The problem of moral hazard can perhaps be most effectively addressed by prudential supervision and regulation that ensures that financial institutions manage their liquidity risks effectively in advance of the crisis”
Posted: Today at 8:22 a.m. Updated: 34 minutes ago WASHINGTON - Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday. via Wral.com
Sunday | HeraldTribune.com
Lenders upset by appraisal proposals
“Any subsequent application may require a new appraisal”
A major legal brawl is breaking out over how homes are appraised, at what cost, and by whom. via HeraldTribune.com
Sunday May 11 | Shanghai Daily
Loss sees dividend cut and funds need
“Things in the housing and credit markets are deteriorating very fast, and this will not be the last capital raising this year.”
FANNIE Mae, the largest United States mortgage-finance company, reported a wider loss than analysts estimated, cut its dividend and said it will raise US$6 billion in capital as the worst housing slump since ... via Shanghai Daily
Thursday May 8 | KansasCity.com
House defies veto threat by backing mortgage relief
The House on Thursday approved an ambitious plan to rescue hundreds of thousands of homeowners at risk of foreclosure.The plan would help them trade exotic loans with rapidly rising monthly payments for more ... via KansasCity.com
Thursday May 8 | Fox News
Fannie Mae, Freddie Mac Shares Dive In Thursday Trading
Cost basis is the cost at which you entered a position or purchased an asset. It is the total price you paid for, say, your house, a stock, mutual fund, etc...--and by total we mean including all commissions, ... via Fox News
Thursday May 8 | KESQ
Thursday May 8 | Seeking Alpha
Fannie Mae: What if the Lifeguard Can't Swim?
FNM / FRE Tuesday's earnings report from government sponsored Fannie Mae should cause investors to question whether the very entity charged with saving the real estate market will actually need to be rescued ... via Seeking Alpha
Wednesday May 7 | San Jose Mercury News
UBS, Fannie Mae among big market movers
Stocks that are moving substantially or trading heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE UBS AG, down 15 cents at $34.16 Switzerland's biggest bank posted a nearly $11 ... via San Jose Mercury News
Wednesday May 7 | New York Daily News
The steep slide in home prices is accelerating the pace of foreclosures, Fannie Mae said Tuesday as it reported a $2.2 billion quarterly loss. via New York Daily News
Tuesday May 6 | Seattle Post-Intelligencer
Fannie Mae gloomy on house prices
“I think that right now we are in the belly of the cycle”
The outlook for the housing market darkened further Tuesday as the nation's largest buyer of home mortgages said it racked up more than $2 billion in quarterly losses and forecast a steeper drop in home prices ... via Seattle Post-Intelligencer







