Highlights
A collection of news and information related to Fannie Mae published by Tribune Company sources.
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Wall Street bummer
Of The Associated PressWall Street plunged Thursday, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year recovery. The market...Tags: Gold and Precious Material, Marketing, Toll Brothers Inc, Unemployment, New York Mercantile Exchange
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Should we save Detroit?
MotorTrend MagazineIt's tough in Motown. Stare-at-the-sun, crawl-across-the-burning-sand tough. But the Detroit Three -- raggedy, gasping, wobbling -- can see salvation shimmering on the horizon -- retooled factories building smaller, more fuel-efficient cars; the UAW... -
Dow drops more than 340 on retail sales reports, jobless data
The Associated PressWall Street plunged today, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year recovery. The market was...Tags: Gold and Precious Material, Commodity Markets, Marketing, Toll Brothers Inc, Unemployment
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GMAC Financial to close offices
From Chicago Tribune news servicesLender GMAC Financial Services said Wednesday that it will close all of its 200 retail offices and eliminate about 5,000 jobs as part of a plan to reduce its mortgage lending and servicing because of the housing market downturn. The majority of the job...Tags: Wachovia Corp., Loans, Marketing, Bank of America Corp., Freddie Mac
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GMAC to close all 200 mortgage retail offices
The Associated PressLender GMAC Financial Services, partly owned by General Motors Corp., said Wednesday it will close all of its 200 retail offices nationwide and lay off about 5,000 employees to reduce its mortgage lending and servicing because of the housing market...Tags: Loans, Marketing, Sunrise, Mortgages, Automotive Equipment
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Freddie Mac debt sale shows fears easing
WASHINGTON Freddie Mac sold $1 billion in five-year debt yesterday at a price that indicates investors' fears about the mortgage finance company's future have eased a bit. Investors are watching the debt sales of Freddie Mac and its sibling company,...Tags: Freddie Mac
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Sale Price For Debt Might Show Freddie Fears Easing
Freddie Mac sold $1 billion in five-year debt Tuesday at a price that indicates investors' fears about the mortgage finance company's future have eased a bit. Investors are watching the debt sales of Freddie Mac and its sibling company, Fannie Mae, to...Tags: Freddie Mac
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Business Briefing - September 3, 2008
PFIZER RESUMING ADS FOR LIPITOR TRENTON, N.J. | Television ads for the world's top-selling drug, cholesterol fighter Lipitor, are back, six months after Pfizer Inc. pulled them amid charges its use of a celebrity doctor endorser who's never practiced...Tags: Diseases, Automotive Equipment, Ford Motor Co., Sales, Pfizer Incorporated
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GMAC slashing work force, reduces mortgage lending
AP Business WriterLender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. The majority of the...Tags: Wachovia Corp., Marketing, Loans, Bank of America Corp., Freddie Mac
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U.S. economy, markets may be in denial
Tribune NewspapersWith two-thirds of the year now over, nothing is resolved about the economy, the housing market, the credit markets or the stock market. As the curtain comes up on the final four months of 2008, here's a look at some of the key issues that will preoccupy...Tags: Consumers, Federal Reserve, Petroleum Industry, Northern Trust Corporation, Bonds
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Mortgage rates rise to make up for greater risk assumed by investors
Mortgage rates aren't what they used to be - and not just because they're higher. You can normally predict the going rate for a 30-year fixed mortgage by looking at the yield on 10-year Treasury notes. If the yield is 3.8 percent, as it was in the middle...Tags: Credit Ratings, Freddie Mac, Federal Reserve, Financial and Business Services, Mortgages
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Tight Credit Adds To Woes
The first hint of good news about housing showed up last week. But it was tentative. Home prices are still declining, dropping a shocking 15.9 percent from a year earlier. But the pace of the decline slowed. In other words, the decline is awful, but...Tags: Federal Reserve, Mortgages, Moody's Corporation, Homes, Clubs and Associations
Sep 5, 2008
|Story| Allentown Morning Call
Sep 4, 2008
|Blog| MotorTrend Magazine
Sep 4, 2008
|Story| Associated Press
Sep 4, 2008
|Story| Chicago Tribune
Sep 4, 2008
|Story| South Florida Sun-Sentinel
Sep 3, 2008
|Story| Baltimore Sun
Sep 3, 2008
|Story| Hartford Courant
Sep 3, 2008
|Story| Allentown Morning Call
Sep 3, 2008
|Story| Associated Press
Sep 3, 2008
|Story| Chicago Tribune
Aug 31, 2008
|Story| Baltimore Sun
Aug 31, 2008
|Story| Hartford Courant
