McClatchy Newspapers - WASHINGTON — With the overhaul of financial regulation in the bag, the Obama administration Tuesday said it’ll focus next on housing finance — another key cause of the recent deep economic downturn — with an eye to deciding the fate of mortgage finance titans Fannie Mae and Freddie Mac. Read Original Post Here
Reuters - U.S. home loan demand cooled last week as rising mortgage rates curbed refinancing requests that had soared to a 14-month high, the Mortgage Bankers Association said on Wednesday.
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Reuters - The rate of vacancies for homes slipped slightly in the second quarter, a government report showed on Tuesday, but it was not enough to promise improvement in the hard-hit housing market. Read Original Post Here
AFP - The US Treasury on Tuesday promised a plan to reform troubled state-backed mortgage firms Fannie Mae and Freddie Mac by January, firing the starting gun on what is likely to be a rancorous debate.
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AP - The Obama administration, which has been under fire for not developing a concrete plan for mortgage giants Fannie Mae and Freddie Mac, says it will hold a conference next month to discuss their future. Read Original Post Here
AP - CONFERENCE SCHEDULED: The Obama administration will hold a conference Aug. 17 to discuss the future of government-sponsored mortgage buyers Fannie Mae and Freddie Mac, which almost collapsed nearly two years ago. Read Original Post Here
Reuters - World stocks hit a 2-1/2 month high on Tuesday while the euro held near a two-month peak versus the dollar as upbeat results from Swiss bank UBS added to a recent run of strong corporate earnings.
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AP - Britain’s financial regulator has banned the former finance director of mortgage lender Northern Rock — the country’s first major casualty of the global credit crunch — and fined him 320,000 pounds ($500,000) for misreporting figures on loan arrears. Read Original Post Here
AP - World stock markets mostly rose Tuesday as investors warmed to another batch of better than expected earnings and economic data, while the euro struck a 2 1/2-month high against the dollar before its latest effort to sustain a break above $1.30 faltered.
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Investor’s Business Daily - New-home sales surged nearly 24% in June from a record low, the Commerce Department said Monday, offering hope that housing has found some sort of floor. Read Original Post Here
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