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11 Aug 2013

A housing tax credit that helps Fannie and Freddie have bought or guaranteed nearly half of the home loans outstanding in the United States. Those purchases and guarantees enable banks to sell the mortgages on their books to investors, freeing up the capital needed to make more loans. In ordinary times, their actions helped reduce the interest rate on home loans. And in downturns, their support helped keep mortgages available for new borrowers. A case in point: Since the financial market collapse in 2007, almost 90% of the country's mortgages have been bought or guaranteed by the two companies.

The exchange also posts a video clip on its website of the daily tradition. Traders on the floor, who for decades worked...



10 Aug 2013

Well get rid of Fannie and Freddie as they currently exist You cant have an institution in which the government is underwriting and guaranteeing all the mortgage lending thats taking place around the country and big profits are being made by these quasi private institutions, said Mr. Obama. And then if things go wrong suddenly taxpayers are on the hook. 2. but the government will still be there, in some fashion The long-term goal is to have the private market get in there and provide those loans, said Mr.

House finance regulator mulls action on "eminent domain" mortgage seizures

Frances gross domestic product shrank by 0.2 percent for the past two quarters the technical...



10 Aug 2013

A housing tax credit that helps Fannie and Freddie have bought or guaranteed nearly half of the home loans outstanding in the United States. Those purchases and guarantees enable banks to sell the mortgages on their books to investors, freeing up the capital needed to make more loans. In ordinary times, their actions helped reduce the interest rate on home loans. And in downturns, their support helped keep mortgages available for new borrowers.

Finance Ministry working on additional steps to contain rupee fall

The Ministry, according to sources, is likely to announce additional steps soon to contain CAD and check volatility in the forex...



10 Aug 2013

Five Takeaways on Housing-Finance Reform From Obama’s Town Hall

Senate Bills Banking Committee chairman Tim Johnson, a South Dakota Democrat and Mike Crapo of Idaho , the panels senior Republican, are spending August working on a bill of their own, which is likely to incorporate an approach similar to that of the Corker-Warner legislation. As senior members of the committee, Johnson and Crapos housing bill will take precedence over the Corker-Warner measure. In the Senate, both parties agree that the status quo is unsustainable, and bipartisan consensus is starting to emerge, Johnson said in an e-mailed statement. The bill is our next high priority to move and I hope well be moving it right after the...



8 Aug 2013

Finance Committee memberDavid McGinness asked the representatives from Penn National if the facility would include a hotel. Jeff Morris,Director of Public Affairs at Penn National, said there were no plans for a hotel at this time and that Penn National would be partnering with hotels in Tewksbury to accommodate guests of the casino. "We met with some of thegeneral managers of thehotels in the area and found their capacity rates are 50 percent," Morris said."We do not feel it would be appropriate to take away business from them so we'll be looking to partner with them to help drive them to 70 or75 percent occupancy rates." Finance Committee memberDamin Sutherby asked the hours the facility would be serving...



7 Aug 2013

NorthStar Realty Finance Announces Pricing of Public Offering of Common Stock

"John's donors are overwhelmingly immigrant and first-time donors to any campaign; the average contribution amounts are lower than his rivals'," the email said. "It would be a terrible message for the CFB to deny matching funds to the very people the campaign finance program was designed and intended to empower." Liu has unswervingly said his campaign finance ops were aboveboard. But in May, a Manhattan Federal Court jury found his young former campaign treasurer, Jia (Jenny) Hou, guilty of attempted wire fraud, obstruction of justice and making false statements. The jury also found Liu fundraiser Xing Wu (Oliver) Pan guilty...



7 Aug 2013

photo_1375619229361-1-HD.jpg Army chief of staff Sheikh Khaled al-Jarrah Al-Sabah replaces Sheikh Ahmad Khaled Al-Sabah at defence. "The government has seven members from the ruling family and the rest are former ministers ... This confirms that there is no intention to inject young blood," independent MP Riyadh al-Adasani said. "Article 6 of the constitution states that the people are the source of all powers but in reality the ruling family is the source of all powers," former opposition MP Abdulrahman al-Anjari wrote on his Twitter account.

George Clooney Ought To Stick To Filmmaking, And Leave Finance To Daniel Loeb

Fannie Mae and Freddie Mac, originally chartered by Congress to expand mortgage finance,...



5 Aug 2013

Japanese Finance Minister Taro Aso is surrounded by reporters at the ministry in Tokyo Thursday, Aug. 1, 2013. It was not a matter of revising but of abusing the constitution. Opposition leaders condemned Aso's remarks, saying they showed a lack of understanding of history and hurt Japan's national interest. Some demanded Aso resign. Aso's comments "sounded like praise for Nazi actions and are totally incomprehensible," said Akihiro Ohata, secretary general of the Democratic Party. "Minister Aso's ignorance about historical facts is so obvious," said Seiji Mataichi, secretary general of the Social Democratic Party.

GE Capital Retail Finance Celebrates 80 Years of Consumer Financing

Congratulations to GE Capitals Retail Finance business on eight decades of success. Thank you for working...



5 Aug 2013

photo_1375619229361-1-HD.jpg The ministers of commerce, development, social affairs and labour, education and Islamic affairs were retained. Newly-elected MP Issa al-Kundari was appointed communications minister. The cabinet retains the two female ministers in the same posts and has two members from the Shiite minority. "It appears we are before a policy that will never change and a mentality that has not understood the message of the election," independent Shiite MP Faisal al-Duwaisan said in a statement. He threatened that if the government does not tackle a number of key issues quickly, he will question the prime minister and other ministers in parliament.



4 Aug 2013

Japanese Finance Minister Taro Aso is surrounded by reporters at the ministry in Tokyo Thursday, Aug. 1, 2013. Thats basically what I was given, a spreadsheet, said Alfonso, now the citys chief financial officer. Im looking at the spreadsheet and all I could say was, wow. The city was the target of a federal investigation into its finances after years of debilitating budget deficits that cut reserves razor thin. Employee salaries and benefits were being slashed to balance the books, and top financial administrators were leaving at a furious pace. Two years later, challenges remain, after the U.S. Securities and Exchange Commission recently came down hard on the city for the shell game played by Miami financial leaders when they sold bonds in 2007 and 2008.

Miami Speaking to reporters, Aso...