Mortgage and Financial News From 2008-7-18 Page 6
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Agency Mortgage-Bond Spreads Rise as Freddie Mac Ponders Sales - Bloomberg
July 18 (Bloomberg) -- Yields on agency mortgage securities relative to U.S. Treasuries rose to a four-month high amid concern that financial companies including Fannie Mae and Freddie Mac may need to sell the debt or buy less of it. The difference ...
2008-07-18 02:48:00 -
Bankers survey shows support for mortgage bailout - MSN MoneyCentral
OMAHA, Neb. (AP) - Most rural bank CEOs surveyed in eleven Midwestern and Plains states support a federal bailout of mortgage lenders Fannie Mae and Freddie Mac in the event of financial collapse. But a new report released Thursday says only about 11 ...
2008-07-18 08:00:00 -
The City Economy: No Immunity from Nation's Woes (Gotham Gazette)
If there were any doubts about the severity of the nation's economic ills, the financial panic engulfing mortgage giants Fannie Mae and Freddie Mac quickly dispelled them last week.
2008-07-18 02:21:22 -
Brian Rogers buys Sunoco Inc., WellPoint Inc., Whole Foods Market Inc., sells Union Pacific Corp., Tiffany & Co., Hess ... (Guru Focus)
Brian Rogers is the CIO of T. Rowe Price and the manager of the $20 billion T. Rowe Price Equity Income Fund. His fund average 11.8% a year since inception in 1985. He likes to invest in common stocks of established firms that are expected to pay above-average dividends and appear to be out of favor or undervalued. At this point, he must be finding a lot of that. These are his buys and sells ...
2008-07-18 02:41:59 -
16 Arrested In Mortgage Fraud Scheme (Local 10 Miami)
More than a dozen people were arrested Friday, accused of scheming as much as $20 million from South Florida's crippling housing market.
2008-07-18 02:42:13 -
How secure is Citizens Property Insurance? (Miami Herald)
In less than four years, Citizens Property Insurance went from being a temporary fix for Florida's troubled insurance market to the state's largest insurer of homes, condos and apartments.
2008-07-18 02:50:35 -
City Bank Announces Earnings Results for the First Six Months of 2008 (Centre Daily Times)
City Bank (NASDAQ:CTBK) today announced earnings of $15.00 million for the six months ended June 30, 2008, reflecting a decrease of 28.32% from $20.93 million for the same period in 2007. The Bank's diluted net income per share reflects a decrease of 28.03% to $.95 from $1.32 for the same period in 2007.
2008-07-18 03:40:30 -
Bad-mouthing banks? You might be breaking the law (Atlanta Journal-Constitution)
In case you're wondering whether growing pressure on the nation's financial institutions could cause your neighborhood bank to crack, you might want to keep it to yourself. That's the message of little-known statutes on Georgia's and many other states' law books that threaten fines and imprisonment for falsely stating that an individual bank is in financial trouble or is about to fail. Georgia's ...
2008-07-18 03:56:22 -
Russell stages triumphant weekly recovery (SmallCapInvestor.com via Yahoo! Finance)
Small-cap stocks pushed lower, pulled down by losses in the tech sector and profit-taking from traders who caught the recovery rally off the lows.
2008-07-18 02:30:28 -
Mortgage fraud crackdown (Financial Times)
Growing evidence of mortgage fraud is forcing the City watchdog into a crackdown on brokers that could see them facing tougher regulatory scrutiny.
2008-07-18 02:35:10 -
UPI NewsTrack Business (Moldova.org)
U.S. indexes close mixed FridayNEW YORK, July 18 (UPI) -- U.S. stock indexes closed mixed Friday with active trading in the financial sector.The Federal Home Loan Mortgage Corp. closed 8.04 percent ahead Friday. The Federal National Mortgage Association climbed 25.16 percent. Citigroup was up 7.68 percent and shares of Washington Mutual were up 19.24 percent.By close Friday, the Dow Jones ...
2008-07-18 02:46:50 -
Amitai Etzioni: Well Regulated Banking System (HuffingtonPost)
The solution to the financial crisis, we are told by some of the brightest and best, is more and better government regulation. But as long...
2008-07-18 03:00:04 -
The Inside Scoop (CBS News)
Get The Inside Scoop on what's happening at CBS News .
2008-07-18 03:04:14 -
Freddie Mac CEO Earned $19.8M Last Year (NBC 5 Chicago)
Freddie Mac lost half its value last year, but the company's CEO pocketed nearly $19.8 million in 2007, according to the Securities and Exchange Commission.
2008-07-18 03:15:28 -
Freddie Mac CEO Raked In $19.8M In 2007 (KCTV 5 Kansas City)
Freddie Mac may be in need of financial help, but its CEO pocketed nearly $19.8 million last year.
2008-07-18 03:19:19