Mortgage and Financial News From 2008-7-7 Page 6

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• Freddie Mac, Fannie Mae Plunge on Capital Concerns (Update3) (Bloomberg.com)

  July 7 (Bloomberg) -- Freddie Mac and Fannie Mae fell to the lowest in 13 years in New York Stock Exchange composite trading as concerns grew the two largest U.S. mortgage-finance companies may need to raise more capital to overcome writedowns and satisfy new accounting rules.
  2008-07-07 01:26:35

• Indymac Issues Stakeholder Letter (wallstreet:online AG)

  Indymac today issued the following letter to its stakeholders: Dear Indymac Stakeholders:
  2008-07-07 01:30:21

• REGION: Foreclosure workshop to address individual circumstances (North County Times)

  MURRIETA ---- Southwest County residents who believe they are at risk of losing their homes will have an opportunity Saturday to hear how they might avoid having their properties seized. A free foreclosure prevention community workshop, to be present
  2008-07-07 01:33:21

• Australia's Home-Loan Approvals Probably Fell for Fourth Month (Bloomberg.com)

  July 8 (Bloomberg) -- Australia's home-loan approvals probably declined for a fourth straight month in May, adding to signs that interest-rate increases are slowing the economy.
  2008-07-07 01:33:30

• Fannie Mae and Freddie Mac shares plunge (International Herald Tribune)

  Shares in both Freddie Mac and Fannie Mae dropped more than 18 percent on concern the companies need to raise more capital amid larger-than-expected losses.
  2008-07-07 01:40:21

• BRT REALTY TRUST Takes Title to Six Properties in Foreclosure Actions (wallstreet:online AG)

  BRT REALTY TRUST (NYSE:BRT) today announced that it has taken title to six multi-family residential
  2008-07-07 01:43:30

• Starbucks, the "Core," and Conventional Mortgages - Safe Haven

  For the week, the Dow slipped 0.5% (down 14.9% y-t-d), and the S&P500 declined 1.2% (down 14.0%). Economically-sensitive issues were hammered. The Morgan Stanley Cyclicals sank 5.0% (down 18.3%), and the Transports fell 4.9% (up 2.4%). Defensive ...
  2008-07-06 10:30:00

• Protecting Your Credit During Divorce - WOAI

  By Jennifer McGuire, Certified Mortgage Planning Specialist When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn’t have to change is the credit status you’ve worked ...
  2008-07-06 09:04:00

• Business briefs - Daily News Journal

  Local mortgage provider Kensington Financial Group, LLC has been selected as an inaugural member of the Chase True Blue Preferred Lender Program sponsored by J.P. Morgan Chase. "Chase awarded this pilot program to only 12 mortgage lending brokers in ...
  2008-07-07 12:42:00

• Homeowner's key - Egypt Monthly

  When the country’s mortgage law was passed in 2001, no one expected results overnight. It would take years to build the necessary infrastructure, experts cautioned. Indeed, four years elapsed before the country saw its first mortgage, followed by ...
  2008-07-07 02:08:00

• Bolling: Brazil Knows Oil - Street.Com

  While our Group of Eight industrialized nations leaders meet in Japan, several things strike me. First, this summit is a big show of muscle with little that ever comes out of it. They are scheduled to talk about the high oil price, the high prices ...
  2008-07-07 08:20:00

• As left exit looms, India reforms shackled - Reuters

  NEW DELHI (Reuters) - Having lost the shackles of its communist allies that stymied years of economic reforms, India's government finally has political space to push for change. But Prime Minister Manmohan Singh, with his new pro-business partners ...
  2008-07-07 05:50:00

• Local Group Helps Homeowners With Rising Interest Rates - KYW News radio

  Loans are resetting across the country this summer on sub-prime adjustable-rate mortgages, as the industry, and support groups, try to keep at-risk homeowners out of foreclosure. Many sub-prime mortgages for borrowers with poor credit histories were ...
  2008-07-07 02:29:00

• Merriam-Webster Adds More Than 100 Entries to Dictionary (Local 12 Cincinnati)

  Mental Health Day, Prosecco, Texas Hold 'em, Webinar among the latest additions
  2008-07-07 09:17:06

• (AFX UK Focus) 2008-07-07 16:40 EU finance ministers express concern over inflation UPDATE (Interactive Investor)

  (Updates with comments by Slovenia's Bajuk, Netherlands' Bos)
  2008-07-07 09:17:49

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