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Latest Financial News and Information

UK home repossessions up 12 pct in 3Q from 2Q (AP)

AP - Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market.

Fla. governor embraces college tuition increases (AP)

AP - Gov. Charlie Crist's plan for Florida's public universities veers away from his previous opposition to raising tuition, allowing for increases of up to 15 percent a year. But a top Democratic lawmaker said it's the wrong time for that course as people struggle with foreclosures and layoffs.

Fannie Mae, Freddie Mac suspend some foreclosures (Reuters)

Reuters - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.




Fannie Mae, Freddie Mac halting foreclosures (AP)

AP - Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season.

Fannie Mae, Freddie Mac to suspend US home foreclosures (AFP)

<p>AFP - The two US mortgage finance giants, Fannie Mae and Freddie Mac, said on Thursday they halt home foreclosures until early January as they modify loans to help keep owners in their homes.




US thrifts swing to $4B loss in 3Q (AP)

AP - U.S. thrifts lost $4 billion in the third quarter as they set aside $7.9 billion to cover losses from bad mortgages and other loans amid worsening conditions in the U.S housing market, their government regulator said Thursday.

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