WASHINGTON, Sep. 6, 2008 (Reuters) — The boards of mortgage finance companies Fannie Mae and Freddie Mac were set to meet on Saturday to discuss a government plan to place the companies under federal control, sources said. ... > full story
WASHINGTON, Sep. 6, 2008 (Reuters) — U.S. House Financial Services Committee Chairman Barney Frank said on Saturday that the U.S. Treasury Department plans to ensure the stability of mortgage finance giants Fannie Mae and Freddie Mac . ... > full story
WASHINGTON/NEW YORK, Sep. 6, 2008 (Reuters) — The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history. ... > full story
WASHINGTON/NEW YORK, Sep. 5, 2008 (Reuters) — The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae and Freddie Mac , The Wall Street Journal reported on Friday. ... > full story
NEW YORK, Sep. 5, 2008 (Reuters) — Home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday. ... > full story
NEW YORK, Sep. 4, 2008 (Reuters) — The dominant U.S. service sector improved last month and businesses boosted productivity in the second quarter but evidence of labor market weakness overshadowed other data the day before a key jobs report. ... > full story
FRANKFURT, Sep. 1, 2008 (Reuters) — Commerzbank outlined its plans to cut 9,000 jobs and shrink investment bank Dresdner Kleinwort to a rump after buying Dresdner Bank, but investors were unhappy about the $14.5 billion deal. ... > full story
NEW YORK, Aug. 28, 2008 (Reuters) — Lehman Brothers Holdings Inc is looking at cutting some 1,200 jobs in its latest round of cost cutting, a person familiar with the matter said, as weak financial markets spur layoffs across Wall Street. ... > full story
BOSTON, Aug. 27, 2008 (Reuters) — Corporate America is having the hardest time getting its customers to pay their bills since the last U.S. recession in 2001, according to a study released on Wednesday. ... > full story
LONDON, Aug. 26, 2008 (Reuters) — World stocks hit their lowest level in almost two years on Tuesday as a worsening German business mood and fresh concerns about financial firms triggered a sell-off in risky assets, lifting the dollar to a 2008 high. ... > full story
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30-Year Rates Drop to 6.35 Percent Sep. 5, 2008 (Washington Post) — Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. . . Freddie Mac, the mortgage-finance ...
Lehman may cut 1,200 jobs: Report Aug. 28, 2008 (Economic Times) — Lehman Brothers Holdings Inc is looking at cutting some 1,200 jobs in its latest round of cost cutting, a person familiar with the matter said, as ...
Lehman looking at cutting some 1,200 jobs: source Aug. 28, 2008 (Washington Post) — Lehman Brothers Holdings Inc (LEH.N) is looking at cutting some 1,200 jobs in its latest round of cost cutting, a person familiar with the matter ...
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