Highlights
A collection of news and information related to Freddie Mac published by Tribune Company sources.
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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... -
Bailout Soon?
The government may soon step in to provide assistance to mortgage finance giants Fannie Mae and Freddie Mac, according to a report by the Wall Street Journal. Details of the plan, which could be announced as early as this weekend, were still being...Tags: Fannie Mae
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Report: Government May Soon Back Fannie, Freddie
Associated PressShares of mortgage finance companies Fannie Mae and Freddie Mac tumbled in after-hours trading Friday after a report by The Wall Street Journal said that the government may soon step in to provide a financial boost to the two companies. Details of the...Tags: Morgan Stanley Dean Witter & Company, Fannie Mae, Contracts, Mortgages, Government
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WORLD & NATION UPDATE: AT HOME
Capitol Police arrested a man Friday after they found a grenade and several weapons in his car several blocks from the Capitol building. Christopher Shelton Timmons, 27, of Orange, Va., was charged with carrying a deadly weapon and possessing unregistered...Tags: Fannie Mae, Petroleum Industry, Vehicles, Mortgages, Defense
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14 percent of Florida facing mortgage crisis
The Associated PressMore than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. Meanwhile,...Tags: Fannie Mae, Palm Beach (Palm Beach, Florida), Mortgages, Loans, Foreclosures
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U.S. plans mortgage bailout
New York Times News ServiceWASHINGTON — Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place...Tags: Stocks, Fannie Mae, Heads of State, George Bush, Mortgages
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30-year mortgages dip to 6.35 percent
WASHINGTON Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported yesterday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down from 6.40...Tags: Mortgages, Federal Reserve
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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: Stocks, Sales, Fannie Mae, Quarterly or Semiannual Financial Statements, Wal-Mart Stores Inc.
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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: Sales, Stocks, Citigroup Incorporated, Fannie Mae, Business
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Conflicting forces leave stocks mixed
The Associated PressStocks finished mixed in fickle trading Wednesday, with continuing concern about the economy offsetting relief about sliding commodity prices. As automakers released sluggish August sales data and the Federal Reserve reported weak economic activity...Tags: Stocks, Sales, Stock Broking, Stock Activities, Wages and Pensions
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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: Fannie Mae
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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: Fannie Mae
Sep 6, 2008
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