Freddie Mac: Taylor Bean loss may be significant
USA Today - 33 minutes agoMortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor Bean & Whitaker Mortgage.
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Freddie Mac says TBW losses 'could be significant'
AP via Yahoo! News - 2 hours 12 minutes agoMortgage finance company Freddie Mac on Monday put its initial loss estimate related to the bankruptcy of Taylor, Bean & Whitaker Mortgage Corp. at $500 million, and noted the figure could be much higher.
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Fannie Mae names Jonathan Plutzik to board
AP via Yahoo! News - Mon Nov 23, 4:30 pm ETFannie Mae said Monday that it named Jonathan Plutzik, a former Credit Suisse executive, to its board directors.
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US-BUSINESS Summary
Washington Post - Mon Nov 23, 12:19 pm ETWall St rallies on weak dollar, strong home sales NEW YORK (Reuters) - Wall Street rallied on Monday, with the S&P set to reverse a three-day sell-off, as a weak U.S. dollar and better-than-expected home sales data encouraged investors. The National Association of Realtors said sales of previously...
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Freddie Mac Expects 'Significant' Losses From Bankrupt Firm
Nasdaq - 1 hour 39 minutes agoFreddie Mac (FRE) said its additional losses related to the bankruptcy of Taylor, Bean & Whitaker Mortgage Corp. could be "significant."
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Freddie Mac Discloses Additional Exposure To Failed Lender
Nasdaq - 1 hour 39 minutes agoWASHINGTON -(Dow Jones)- Freddie Mac (FRE) has notified investors of certain additional losses it could face in connection with failed lender Taylor, Bean & Whitaker, which serviced loans owned or guaranteed by Freddie before it went bust in August.
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Freddie says TBW-related loss may grow, files claim
Reuters via Yahoo! News - 1 hour 33 minutes agoFreddie Mac, the U.S. mortgage finance giant, said on Monday it is seeking $595 million in loan payments and other funds hung up after the bankruptcy of lender Taylor, Bean & Whitaker.
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The National Association of Realtors : Existing home sales jump to highest level in 2 1/2 years
New York Daily News - Mon Nov 23, 12:29 am ETSales of existing U.S. homes likely rose for a second consecutive month in October, reaching their highest since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.
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Freddie Mac: Taylor, Bean loss may be significant
Rocky Mount Telegram - 1 hour 49 minutes agoNEW YORK — Mortgage finance company Freddie Mac said Monday it could lose $500 million or more...
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Freddie Mac: Taylor, Bean loss may be significant
Bay News 9 Tampa Bay - 1 hour 59 minutes agoFreddie Mac says losses related to Taylor, Bean bankruptcy 'could be significant'
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Freddie Mac says TBW losses 'could be significant'
Bay News 9 Tampa Bay - 1 hour 59 minutes agoFreddie Mac says losses related to TBW bankruptcy 'could be significant'
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Freddie Mac says TBW losses 'could be significant'
Rocky Mount Telegram - 2 hours 4 minutes agoNEW YORK — Mortgage finance company Freddie Mac on Monday put its initial loss estimate relate...
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Home sale spike continues
UPI - Mon Nov 23, 1:29 pm ETWASHINGTON, Nov. 23 (UPI) -- Sales of existing U.S. homes jumped 10.1 percent in October, continuing a seven-month upswing, the National Association of Realtors said Monday.
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Be Wary Of The Housing Numbers
Forbes - 54 minutes agoThe improvement is part genuine, part government stimulus and part seasonal confusion.
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Sector Snap: Homebuilders gain on home sales data
AP via Yahoo! Finance - Mon Nov 23, 11:57 am ETShares of most homebuilders moved higher Monday after a big jump in house resales last month. The National Association of Realtors said sales of existing homes climbed 10.1 percent to a seasonally adjusted annual rate of 6.1 million in October, the highest level since February 2007.
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How the major stock indexes fared on Monday
Seattle Times - 27 minutes agoThe stock market ended a three-day losing streak Monday, closing broadly higher as a weaker dollar and upbeat home sales numbers encouraged investors to take on more risk. The dollar resumed its slide, sending prices for commodities including gold and oil higher and in turn, the stocks of companies that produce them. Meanwhile, the National Association of Realtors reported that October home ...
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