Written by Fannie Mae (FNMA.OB) expanded it mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May, the largest U.S. home loan purchaser said on Friday. READ MORE »
Posts tagged Fannie Mae
Hard Money Lending Booms in Tough Economy
Hard money lenders, where the downtrodden and desperate seek money are having a field day in the current tough economy, reaping huge profits from clients, most of whom are just trying to get by from day to day. READ MORE »
Financial reform bill another win for Obama, but will the public care?
Following the Recovery Act and health-care reform, the newly approved financial reform bill shows that President Obama is adept at getting his agenda through Congress. But the American public cares about one thing right now: the economy. READ MORE »
Stocks slump on dour jobs report
Stocks tumbled Friday after the government reported a larger-than-expected drop in U.S. payrolls, stoking concerns about the wavering economic recovery. READ MORE »