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- UK mortgage approvals pick up, rise in lending weak
(Reuters)
Reuters - British mortgage approvals unexpectedly
picked up in January from a series low, but mortgage lending
posted its weakest rise in two and a half years, according to
Bank of England data on Friday.
- UK January mortgage approvals unexpectedly up
(Reuters)
Reuters - British mortgage approvals unexpectedly
picked up in January from a series low, but mortgage lending
rose at its weakest rate in two and a half years, according to
Bank of England data on Friday.
- Proposed mortgage aid would do harm: Paulson
(Reuters)
Reuters - Plans for sweeping federal programs
that would aid troubled mortgage borrowers would bring unfair
relief to speculators and reward investors who made bad bets,
Treasury Secretary Henry Paulson said on Thursday.
- AIG posts $5.29 billion quarterly loss
(Reuters)
Reuters - American International Group Inc
on Thursday posted its biggest-ever quarterly loss,
missing Wall Street expectations after being hurt by a
write-down of securities exposed to bad mortgage investments.
- Freddie Mac loss swells as mortgage crisis deepens
(Reuters)
Reuters - Freddie Mac , the
second-biggest provider of U.S. residential mortgage funding,
on Thursday said its fourth-quarter loss widened to a record
$2.5 billion as the housing crisis worsened.
- Rates on 30-year mortgages rise
(AP)
 AP - Rates on 30-year mortgages rose for a third straight week, hitting the highest level in more than three months.
- Freddie Mac posts $2.5B loss in 4Q
(AP)
AP - Freddie Mac on Thursday said its loss widened to $2.5 billion in the fourth quarter of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments.
- Merrill to shut down subprime lending unit: report
(Reuters)
Reuters - Merrill Lynch & Co Inc plans
to wind down most of its First Franklin subprime mortgage
lending unit, responding to continued deterioration in U.S.
mortgage markets, business news channel CNBC reported Thursday.
- Rep Frank to offer home-buying bill within weeks
(Reuters)
Reuters - A key House Democrat plans to
introduce legislation in the coming weeks that would allow the
U.S. government to buy homes whose values have dropped below
the cost of the mortgage, an aide said on Thursday.
- Freddie Mac loses billions amid housing slump
(AFP)
 AFP - US mortgage finance giant Freddie Mac reported Thursday heavy losses for the fourth quarter and 2007 and warned of higher credit losses amid a housing market slump.
- Bernanke says time for long-term mortgage answers
(Reuters)
Reuters - Federal Reserve Chairman Ben
Bernanke said on Thursday that it was time to move beyond
temporary fixes to the subprime mortgage mess and look for
long-term solutions.
- Stocks fall on jobless claims, Fed's bank warning
(Reuters)
 Reuters - Stocks fell on Thursday as investors
fretted over a fresh sign of weakness in the job market and the
Federal Reserve chairman's warning that the troubled housing
sector could cause small-bank failures.
- DZ Bank joins ranks of German subprime casualties
(Reuters)
Reuters - One of Germany's biggest financial
groups, DZ Bank, joined the country's growing list of
casualties from the subprime mortgage crisis on Thursday when
it said the turmoil had forced it to make heavy writedowns.
- Moody's says may cut Fannie Mae financial strength
(Reuters)
Reuters - Moody's Investors Service on Thursday
said it may cut its bank financial strength rating on Fannie
Mae , the largest provider of financing for U.S. home
loans, after it reported a $3.6 billion quarterly loss.
- Fannie Mae posts $3.6 billion loss
(AP)
 AP - Fannie Mae and Freddie Mac will be allowed to expand their roles in the turbulent mortgage market even as worsening conditions in the housing sector punish the two companies.
- Stocks finish mixed in choppy session
(AP)
 AP - Wall Street finished mixed in another seesaw session Wednesday after regulators allowed Fannie Mae and Freddie Mac to buy more mortgages and Federal Reserve Chairman Ben Bernanke said the central bank will remain vigilant about the weakened economy.
- Wall St stocks seesaw in volatile trading
(FT.com)
FT.com - US stocks gyrated between positive and negative territory on Wednesday when traders weighed poor economic data and a plan to allow government-chartered mortgage lenders to buy more loans.
- Freddie, Fannie caps lifted
(Reuters)
Reuters - The government on Wednesday lifted
limits on the amount the two largest mortgage finance companies
can invest in home loans, a move that could unleash billions
more dollars to stabilize the housing market and fend off a
possible recession.
- HBOS investors must get used to less exciting times
(FT.com)
FT.com - Sir James Crosby must wake up every morning congratulating himself on his good timing. When he bowed out as chief executive of HBOS in mid-2006, the bank was on a roll, powered by rapid growth in the mortgage market and aggressive lending to corporate clients. The credit squeeze has dented the fuel tank. Now Andy Hornby, who replaced Mr Crosby, must prepare shareholders for a less exciting future.
- Fannie and Freddie: big hopes to arrest housing slump
(FT.com)
FT.com - Investors are pinning their hopes on Fannie Mae (NYSE:FNM) and Freddie Mac, the government-chartered mortgage groups, to arrest the deepening slump in the US housing market.
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