Fannie Mae may seek more aid; tax credit decision could cost $5.2B
USA Today - Mon Nov 9, 6:55 pm ETFannie 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.
157987 Stories, most recent news story added Tue Nov 10, 5:47 am 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.
The Treasury Department Friday rejected a proposal for Fannie Mae to sell $2.6 billion, or roughly half, of its unused low-income housing tax credits to two unidentified investors believed to be Goldman, Sachs & Co. and Berkshire Hathaway Inc.
The housing fortunes of Gary, Ind., may depend on the demolition of abandoned homes.
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data showed Tuesday, as people scrambled to buy amid fears that tax breaks and other favourable policies may soon be withdrawn.
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.
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 ...
The most coveted property on Hong Kong island is called "The Peak," overlooking the city's stunning Victoria Harbor.
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.
USA TODAY attempted to obtain compensation for the head football coach at all 120 schools. USA TODAY obtained at least some information on all but nine schools, most of which are private.
In the effort to raise money for victims of Bernard Madoff, an auction of items formerly owned by him will be in New York City Saturday.
Federal lender requested $15 billion financial aid last week after reporting $19.8 billion quarterly loss.
On the eve of a hearing in the Michael Jackson estate, a lawyer for the singer's father filed a 60-page motion Monday that intensifies a bid to get money from his son's estate by making accusations of fraud against the administrators of his will.
Cal football coach Jeff Tedford is making $2.8 million this year while the Berkeley campus reels from a $150 million cut in state funding.
A coalition of environmental and American Indian groups sued two federal agencies Monday to stop the slaughter of bison outside Yellowstone.
LONDON -- The British government unveiled plans Monday to launch one of the world's most ambitious expansions of nuclear-power capacity, calling for the construction of 10 plants to help meet surging energy demands in the era of global warming.
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