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Fannie Mae may seek more aid; tax credit decision could cost $5.2B

USA Today - Mon Nov 9, 6:55 pm ET

Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.

News Stories

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Gold, Small Caps and the Dollar Look Ready to Part Ways
GoldSeek.com - Mon Nov 9, 9:57 am ET
Dr. Marc Faber is one of the few market wise men whose thoughts are worth pondering. His monthly “Gloom, Boom & Doom Report” is always a good read. He is an active, Asia-based investor with decades of experience, hundreds of millions under management, and many prescient calls under his belt.
Mortgage rates fall to 4.98%
The Durango Herald - Mon Nov 9, 2:47 am ET
WASHINGTON - Rates for 30-year home loans dipped below 5 percent last week after rising for three straight weeks. The average rate fell to 4.98 percent from 5.03 percent a week earlier, mortgage company Freddie Mac said Thursday.
U.S. stock futures head higher as Street comes to terms with Fed policy
Schaeffers Research - Mon Nov 9, 8:52 am ET
Even though the Federal Reserve concluded last week that the weak U.S. economy still requires the currently massive amount of stimulus, Wall Street appears to have once again come to terms with the policies that have helped push the market more than 60% off its March lows...( Read More )
Q&A: Past and future real estate
The San Luis Obispo Tribune - Mon Nov 9, 2:32 am ET
When the housing market tumbled, Jim Liptak could have adopted a woe-is-me attitude. As president of the California Association of Realtors in 2009, he witnessed housing values plummet, financing tighten and homeowners struggle to retain their properties.
This week
The Columbus Dispatch - Mon Nov 9, 3:34 am ET
Tuesday Labor Department releases job openings and labor turnover survey for September; Senate Finance Committee holds hearing on climate-change legislation and jobs; Senate Health, Education, Labor and Pensions subcommittee holds hearing on swine flu and paid sick days; Senate
Shannyn Moore: Palin's Pavlovian Response to House Health Care Passage
The Huffington Post - Mon Nov 9, 2:23 am ET
I spent a lot of time in a small Alaskan church. I'm glad I did. It helps me interpret Palin's evangelical dog whistles. The title:...
Freddie Mac earnings hurt by loan delinquencies
Washington Post - Sat Nov 7, 12:00 am ET
Mortgage finance giant Freddie Mac reported a third-quarter loss of $5 billion, but the federally controlled company said it did not need an additional infusion of government cash.
ATS Corporation Announces Financial Results for the Third Quarter Ended September 30, 2009
Business Wire via Yahoo! Finance - Mon Nov 9, 4:30 pm ET
MCLEAN, Va.----ATS Corporation , a leading information technology company that delivers innovative technology solutions to government and commercial organizations, today announced operating results for the third quarter ended September 30, 2009.
AllRegs Offers Comprehensive Site-Based Training for $600 Per Site
Business Wire via Yahoo! Finance - Mon Nov 9, 10:56 am ET
EAGAN, Minn.----AllRegs, the leading information provider for the mortgage industry, today announces the availability of a new, low cost, site-based training subscription program known as the AllRegs Education Package.
Governments facing a wall of debt, maybe even default
Fort Worth Business Press - Mon Nov 9, 6:12 am ET
The idea that the government of a major advanced country would default on its debt – that is, tell lenders that it won’t repay them all they’re owed – was, until recently, a preposterous proposition.
L.V. housing program hasn't led to purchases
Nevada Appeal - Mon Nov 9, 11:15 am ET
L.V. housing program hasn't led to purchases Staff Writer LAS VEGAS (AP) - An 8-month-old program aimed at stabilizing Las Vegas Valley neighborhoods by allowing local governments to buy, renovate and then sell homes to low-income families hasn't resulted in any families moving into homes yet. The U.S. Housing and Urban Development Department gave Las Vegas Valley municipalities $64.3 million ...
Franklin County property transfers
Chambersburg Public Opinion - Mon Nov 9, 10:44 am ET
The following deed transfers are public record in the Franklin County Register and Recorder's office. All deed transfers, except conveyances between family members, are published as a public service and as space is available.
Treasury Rejects Fannie Mae Sale of Tax Credits (Update2)
Bloomberg - Fri Nov 6, 8:12 pm ET
Nov. 6 (Bloomberg) -- The U.S. Treasury rejected Fannie Mae’s request to sell $2.6 billion in low-income housing tax credits that the mortgage-finance company wasn’t likely to use.
Freddie Mac Loses $6.3B in 3Q
ABC News - Fri Nov 6, 8:11 pm ET
Freddie Mac loses $6.3 billion, avoids request for federal aid for 2nd-straight quarter
Fannie Mae’s Sale of Tax Credits Is A Bad Deal, Treasury Says
Bloomberg - Sat Nov 7, 1:38 am ET
Nov. 7 (Bloomberg) -- Fannie Mae’s request to sell $2.6 billion in low-income housing tax credits would be a bad deal for taxpayers and won’t be allowed, the U.S. Treasury said.