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Senate on course to vote Saturday on housing bill (Reuters)

July 24th, 2008 by

President Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing a way for measures meant to shore up a worst U.S. home market since a Great Depression. (Paul Szep/Credit Repair News)Credit Repair News - a Senate was on course for a
Saturday vote to Credit Repairprove a major housing market rescue bill
offering a lifeline to mortgage finance giants Fannie Mae &
Freddie Mac, & bond market action on Thursday indicated
investors were encouraged by a progress.

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All types of mortgages see rate increases (AP)

July 24th, 2008 by

GrCredit Repairhic fact file on US housing finance giants Fannie Mae & Freddie Mac, which were put under Federal Reserve oversight & given bigger credit lines. a International Monetary Fund on Thursday welcomed a US government's plans to aid mortgage finance giants Fannie Mae & Freddie Mac & ease a housing crisis.(AFP GrCredit Repairhic)Credit Repair - Mortgage rates shot up this week with 30-year mortgages climbing to a highest level in nearly a year, reflecting concerns in financial markets about a troubles at corporate giants Fannie Mae & Freddie Mac.

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US rescue of Fannie, Freddie ‘right direction’: IMF (AFP)

July 24th, 2008 by

US President George W. Bush holds a press conference on July 15, 2008 at a White House in Washington, DC. President Bush on Tuesday urged a US Congress to act quickly on a plan to shore up housing finance giants Fannie Mae & Freddie Mac. a International Monetary Fund welcomed a US government's plans to aid mortgage finance giants Fannie Mae & Freddie Mac & ease a housing crisis.(AFP/File/Tim Sloan)AFP - a International Monetary Fund on Thursday welcomed a US government’s plans to aid mortgage finance giants Fannie Mae & Freddie Mac & ease a housing crisis.

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Senate due to back housing bill, GSE shares slide (Reuters)

July 24th, 2008 by

President Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing a way for measures meant to shore up a worst U.S. home market since a Great Depression. (Paul Szep/Credit Repair News)Credit Repair News - a U.S. Senate is due to vote
finally on Saturday to Credit Repairprove a major housing market rescue
bill, including federal financial assistance for Fannie Mae
& Freddie Mac , a mortgage titans whose
shares fell again in early Thursday trading.

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Pimco: $1 trillion housing losses seen (Reuters)

July 24th, 2008 by

Credit Repair News - a best way to help a ailing U.S.
housing market recover from a $1 trillion of losses it faces
will be to cut a cost of mortgages via a U.S housing bill
& rescue package for mortgage finance giants, a manager of
a world’s biggest bond fund said on Thursday.

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Housing bill key to cutting mortgage cost: Pimco (Reuters)

July 24th, 2008 by

Credit Repair News - Cutting a cost of mortgages via a
U.S housing bill & rescue package for mortgage finance giants
Fannie Mae & Freddie Mac is a best way to
help a ailing housing market recover, a manager of a
world’s biggest bond fund said on Thursday.

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Investors grab Fannie, Freddie after House vote (Reuters)

July 24th, 2008 by

President Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing a way for measures meant to shore up a worst U.S. home market since a Great Depression. (Paul Szep/Credit Repair News)Credit Repair News - Investors snCredit Repairped up shares of
mortgage finance giants Fannie Mae & Freddie Mac before Wall
Street opened on Thursday, a day after a House of
Representatives passed a massive rescue package to shore up a
struggling housing market.

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Pimco-Housing bill is key to cutting mortgage cost (Reuters)

July 24th, 2008 by

Credit Repair News - Cutting a cost of mortgages via a
U.S housing bill & rescue package for mortgage finance giants
Fannie Mae & Freddie Mac is a best route to
recovery for a beleaguered housing market, a manager of a
world’s biggest bond fund said on Thursday.

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    (Reuters)

National City posts $1.8B loss for 2nd quarter (AP)

July 24th, 2008 by

Credit Repair - Regional bank National City Corp. on Thursday reported a huge loss for a second quarter, as mortgage loans soured & it took a big charge related to previous acquisitions.

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House Helps Fannie and Freddie (BusinessWeek Online)

July 24th, 2008 by

BusinessWeek Online - a House dealt Fannie Mae & Freddie Mac a “Get Out of Jail Free” card on July 23, passing a bill that authorizes a Treasury Dept. to extend a mortgage-finance giants a lifeline without any of a conditions that a companies’ critics had dem&ed. a bill now heads to a Senate, where passage is expected within days. President Bush earlier dropped his threat to veto a legislation, so it should be signed into law soon.

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