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NEW YORK -- Shares of Fannie Mae and Freddie Mac lost more than a quarter of their value yesterday as fears mounted that the U.S. mortgage financiers will soon need government support and any bailout would hang stockholders out to dry. Since Monday,

Fannie Mae, Freddie Mac shares plunge

Extract not available.

Ginnie Mae creates risk committee and appoints CRO

Extract not available.

Failed mortgage applications pile up

BST Borrowers applying for a mortgage are increasingly likely to be turned down, according to new research.A study by GE Money found that 3.4 million borrowers applying for mortgages or loans were turned down in the past 18 months - delaying their house

China doubles ceiling for company small mortgage loans to 2 mln yuan

BEIJING, Aug. 18 (Xinhua) -- The People's Bank of China (PBOC) announced on Monday the country's financial institutions would raise the ceiling of small-scale mortgage loans from 1 million yuan (145,500 U.S. dollars) to 2 million yuan to help them better

Dallas' Lone Star Funds to buy IKB, German victim of US subprime mortgage crisis

FRANKFURT, Germany (AP) _ German lender IKB Deutsche Industriebank AG, which has been badly hit by the U.S. subprime mortgage crisis, will be sold to U.S.-based private equity firm Lone Star Funds, the German company's biggest shareholder said

Option Skews - Citigroup Inc, Freddie Mac, JDS Uniphase, Southern Peru Copper Corp, Amgen, Sears Holdings Corp, Apache Corp

Companies seeing a skew towards puts in the previous session: Wells Fargo & Co (WFC), eBay Inc (EBAY), Amylin Pharmaceuticals (AMLN), Lehman Brothers Holdings Inc (LEH), General Motors (GM), Delta Air Lines (DAL), Merrill Lynch & Co. (MER), Wachovia

Mortgage crediting roundtable held in Uzbekistan

Extract not available.

FANNIE MAE AND FREDDIE MAC PLUMMET

Extract not available.

RBS and NatWest unveil new mortgage range

st August 2008Royal Bank of Scotland (RBS) and NatWest have announced the launch of a new range of mortgage products. The fixed rate offerings are available for terms of two, three, five, seven and ten years, with rates dictated according to whether the

UK mortgage lending contraction to continue next year

st August 2008The fall in mortgage lending in the UK will continue for the rest of year and well into 2009, it has been predicted. Datamonitor calculates that will advance some ?293 billion over the course of 2008. This represents a fall of 19.3 per

Coventry reports growth in mortgage business

The Coventry Building Society has announced its interim results for the first six months of 2008, revealing mortgage and loan business grew 7% in the half year to 862m. The credit quality also remained high, with only 0.18% of accounts greater than six

Dutton Research Reiterate Speculative Buy Rating for MortgageBrokers.com with a Price target of $0.40

TORONTO, Aug. 21 /PRNewswire-FirstCall/ - MortgageBrokers.com's announced its improved results for Q2 FY 12/31/2008, with strong revenue growth and profitability. Investors should realize that being Canadian-based, MortgageBrokers.com is not directly

Fannie Mae CEO answers hard questions

Investors reckon that Fannie Mae and Freddie Mac are running on borrowed time. Since Monday, stock in the two companies, which together hold or guarantee half the U.S. mortgage debt, have plunged nearly 40 percent and are now trading at lows not seen in

Mortgage and loan customers 'rejected four times'

applicants for mortgages and loans needed to apply four or more times to be accepted in the last 18 months, according to new research. GE Money Home Lending found that more than 412,000 people could not get a loan or mortgage despite trying repeatedly.

Investors Bail On Fannie Mae, Freddie Mac

Renee Montagne has this morning's news.

Councils step up call to provide first time mortgages

Council leaders have strengthened their campaign to offer mortgages to first-time buyers. Council leaders including Sir Richard Leese of Manchester City Council and Jules Pipe, Mayor of Hackney, are calling for a relaxation in the Government?s lending

Bankrate: Mortgage Rates Fall But Spreads at 22-Year High

NEW YORK, Aug. 21 /PRNewswire-FirstCall/ -- Mortgage rates retreated, with the average conforming 30-year fixed mortgage rate falling to 6.66 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage

Spreads hits 22-year high but mortgage rates fall

NEW YORK (MarketWatch) -- Mortgage rates retreated, with the average conforming 30-year fixed mortgage rate falling to 6.66%, Bankrate (RATE:RATENews, chart, profile, moreLast: Delayed quote dataAnalyst Create alertInsiderDiscussFinancials Sponsored by:,

NetMore America Appoints Forward Thinking Mortgage Industry Leader Lisa Schreiber As Chief Strategy Officer

WALLA WALLA, Wash., Aug. 21 /PRNewswire/ -- NetMore America, Inc. ('NetMore'), an expanding regional mortgage lender, announced today the addition of Lisa Schreiber to its executive management team as the Company's new Chief Strategy Officer responsible

NetMore America Appoints Forward Thinking Mortgage Industry Leader Lisa Schreiber As Chief Strategy Officer

Empowered to define and implement strategy to build the next generation mortgage banker WALLA WALLA, Wash., Aug. 21 /PRNewswire/ -- NetMore America, Inc. ('NetMore'), an expanding regional mortgage lender, announced today the addition of Lisa Schreiber

Council mortgages

Council leaders are calling for extra powers to allow them to offer competitive mortgages in an attempt to rescue the ailing housing market. In a joint letter, they argue the public sector should be able to support first-time buyers and offer 'new

NetMore America Appoints Forward Thinking Mortgage Industry Leader Lisa Schreiber As Chief Strategy Officer

Empowered to define and implement strategy to build the next generation mortgage banker WALLA WALLA, Wash., Aug. 21 WALLA WALLA, Wash., Aug. 21 -- NetMore America, Inc. ('NetMore'), an expanding regional mortgage lender, announced today the addition of

Bankrate: Mortgage Rates Fall But Spreads at 22-Year High

Mortgage rates fall but spreads at 22-year high: Bankrate

Fannie Mae & Freddie Mac, nuclear energy and government

Fannie Mae & Freddie Mac, nuclear energy and government As we see news of the possible (and increasingly likely) bailout of Freddie Mac and Fannie Mae by the US Treasury, I am reminded of something that I have been writing about nuclear energy, ie

Bankrate: Mortgage Rates Fall But Spreads at 22-Year High

NEW YORK, Aug. 21 NY-mortgage-rate-fall NEW YORK, Aug. 21 /PRNewswire-FirstCall/ -- Mortgage rates retreated, with the average conforming 30-year fixed mortgage rate falling to 6.66 percent. According to Bankrate.com's weekly national survey of large

Bankrate: Mortgage Rates Fall But Spreads at 22-Year High

IFC Lends $US5MLN for Mortgage Development in Azerbaijan

$all $az $bnk $rea $hou BAKU, Azerbaijan, Aug 21 Asia Pulse - The International Finance Corporation and Azerdemiryolbank JSC have signed a contract to expand mortgage operations. The first component of the $15m contract provides a seven-year senior loan

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