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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.

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FHA Delays New Condo Rules
Banker & Tradesman - 1 hour 48 minutes ago
The Federal Housing Administration is delaying implementation of new rules for condo approvals until Dec. 7 and will reportedly pull back from some changes that critics said would have delayed or derailed many condominium sales.
Close to home: A look at real estate in Gary, Indiana
USA Today - Tue Nov 10, 3:18 am ET
The housing fortunes of Gary, Ind., may depend on the demolition of abandoned homes.
China urban property prices strong in October
AFP via Yahoo! News - Tue Nov 10, 3:16 am ET
Property prices in major Chinese cities picked up in October, government data showed Tuesday, as people scrambled to buy amid fears that tax breaks and other favourable policies may soon be withdrawn.
Barclays’ Remarkable Bargain
New York Times - Tue Nov 10, 2:41 am ET
In the panic that swept the financial world last year, Lehman Brothers went bankrupt, and Barclays bought its securities for about $45 billion in cash.
Lobbying gets housing help
The Washington Times - Tue Nov 10, 5:47 am ET
Emergency help for the jobless should be a huge windfall for Realtors, home builders, mortgage bankers and others, and that's no accident. Those industries have spent months and millions of dollars making the case for $20 billion in tax cuts for homebuyers and businesses to help create jobs and revive a sluggish housing market. Their lobbying campaign paid off last week when Congress voted to ...
Chinese cash inflates Hong Kong property prices
CNN - Tue Nov 10, 2:25 am ET
The most coveted property on Hong Kong island is called "The Peak," overlooking the city's stunning Victoria Harbor.
Median home prices fell nationwide in 3Q
Newsday - 36 minutes ago
Median home prices fell in 80 percent of US metropolitan areas in third quarter of 2009
College football coaches see salaries rise in down economy
USA Today - Tue Nov 10, 2:22 am ET
Jeff Tedford is a proven, program-building football coach who makes no apologies for the contract extension he landed before this season and the $2.8 million in pay he's guaranteed this year from the University of California.
Median home prices fell in 80 percent of US metropolitan areas in third quarter of 2009
Minneapolis-St. Paul Star Tribune - 53 minutes ago
So what's new? I'm waiting for my $8,000 check which should arrive any day now. Oh wait, I'm not buying a new home. Just losing my old home! Shucks. … read more Obama promised he'd help us. Can't trust anyone anymore.
Local Digest: Tax decision could cost Fannie Mae $5.2 billion
Washington Post - Tue Nov 10, 12:00 am ET
MORTGAGE FINANCING Fannie Mae might have to ask the government for more financial assistance because it cannot sell $5.2 billion in tax credits, the District-based mortgage financier said Monday.
Fannie Mae tax credit decision could cost $5.2 bln
AP via Yahoo! News - Mon Nov 9, 5:52 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.
Home prices fell in most U.S. cities in 3rd qtr
Reuters via Yahoo! News - 1 hour 46 minutes ago
Home prices fell in the third quarter from year-ago levels in about 80 percent of U.S. metropolitan areas, the National Association of Realtors said on Tuesday.
Home prices fall in most U.S. cities
MSNBC - 1 hour 21 minutes ago
Home prices fell in the third quarter from year-ago levels in about 80 percent of U.S. metropolitan areas, the National Association of Realtors said on Tuesday.
Treasury denies Fannie Mae tax credit plan
AP via Yahoo! Finance - Mon Nov 9, 2:35 pm ET
Government controlled mortgage provider Fannie Mae said Monday the U.S. Treasury has blocked its plans to sell more than $2.5 billion in low-income housing tax credits.
Fannie Mae Reviewing Treasury Decision on Credit Sale (Correct)
Bloomberg - Mon Nov 9, 10:56 am ET
(Corrects to indicate Treasury’s position on sale in first paragraph.) Nov. 9 (Bloomberg) -- Fannie Mae is evaluating whether it will have to write down the value of its low-income housing tax credits after the U.S. Treasury Department rejected a plan to sell them, the mortgage-finance company said today.