NEW YORK, Dec. 5, 2008 (Reuters) — Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association said on Friday. ... > full story
Dec. 5, 2008 (Reuters) — Morgan Stanley widened its fourth-quarter loss estimate on Goldman Sachs Group Inc , citing a fall in equity, credit and real-estate asset values in November, and rising negative marks on the firm's illiquid asset and principal investment portfolios. ... > full story
DEARBORN, Michigan, Dec. 4, 2008 (Reuters) — The year-long U.S. recession has taken a turn for the worse recently, two top Federal Reserve policy-makers said on Thursday, raising expectations for aggressive policy action by the central bank as soon as next week. ... > full story
WASHINGTON, Dec. 4, 2008 (Reuters) — Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive steps to halt home foreclosures and said government-funded programs could help strapped homeowners. ... > full story
NEW YORK, Dec. 4, 2008 (Reuters) — DuPont expects to post a fourth-quarter loss and cut 2,500 jobs -- about 4.2 percent of its workforce -- amid steep drops in construction, car sales and consumer spending, the chemical maker said on Thursday. ... > full story
NEW YORK, Dec. 4, 2008 (Reuters) — Toll Brothers Inc , the largest U.S. luxury home builder, said its quarterly loss narrowed slightly as it wrote down less inventory, and its shares rose sharply as homebuilders extended a rally spurred by improved mortgage rates. ... > full story
WASHINGTON, Dec. 3, 2008 (Reuters) — Economic activity has weakened across the United States since early October, while price pressures have eased with declines in retail and energy prices, the Federal Reserve said on Wednesday. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday. ... > full story
NEW YORK, Dec. 2, 2008 (Reuters) — Goldman Sachs Group Inc shares fell Tuesday on speculation the bank's fourth-quarter loss could be much larger than expected -- more than $2.5 billion -- fueled by the plunging value of many Goldman investments. ... > full story
NEW YORK, Dec. 2, 2008 (Reuters) — Beazer Homes USA posted a wider quarterly loss on Tuesday, citing a further deterioration of the U.S. housing market due to lower consumer confidence levels and reduced access to mortgage financing. ... > full story
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Mortgage application, refinance volume surge Dec. 3, 2008 (San Jose Mercury News) — WASHINGTON-Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's ...
Freddie Considers Reverse Split Dec. 3, 2008 (Wall Street Journal) — Government mortgage giant Freddie Mac said it may undertake a reverse stock split, subject to the approval of the U.S. Treasury Department, to ...
Lenders Tiptoe Into Bulk Sales Dec. 3, 2008 (Wall Street Journal) — As the glut of foreclosed homes swells, banks and other lenders are starting to warm to the idea of selling some of the homes in bulk to investors ...
Mortgage applications more than double Dec. 3, 2008 (CNN) — Mortgage applications more than doubled in the holiday week ended Nov. 28, the Mortgage Bankers Association said Wednesday, as government bailouts ...
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