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Stock Markets Soar After Freddie, Fannie Bailouts

Sep. 8, 2008
U.S. stock markets surged higher today as investors expressed confidence that the government's weekend seizure of Fannie Mae and Freddie Mac would bolster the slumping U.S. housing and mortgage markets.
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Fannie and Freddie suspend foreclosures

WASHINGTON, Nov. 20 (UPI) -- Fannie Mae and Freddie Mac Thursday announced details of a plan to halt foreclosures and evictions from Thanksgiving until a week after New Year's.

Report: Freddie Mac was shedding mortgages

WASHINGTON, Sept. 27 (UPI) -- Mortgage giant Freddie Mac was quickly shedding mortgages in an effort to raise cash when it was seized by the U.S. government, new figures show.
Obama, McCain have ties to Fannie, Freddie

Obama, McCain have ties to Fannie, Freddie

WASHINGTON, Sept. 10 (UPI) -- The major-party U.S. presidential candidates have ties to troubled Freddie Mac and Fannie Mae, a review of records indicates.

Federal bailout increases USA's risk

WASHINGTON, Sept. 9 (UPI) -- Taking over two mortgage giants has lowered the United States' credit rating, investment analysts said Tuesday.

U.S. takes over Fannie Mae, Freddie Mac

WASHINGTON, Sept. 7 (UPI) -- U.S. Treasury Secretary Henry Paulson said Sunday the federal government will take over teetering giant mortgage firms Fannie Mae and Freddie Mac.

Takeover of Fannie Mae, Freddie Mac likely

WASHINGTON, Sept. 5 (UPI) -- U.S. officials told Fannie Mae and Freddie Mac Friday the institutions will be placed in conservatorship, The New York Times reported.
Troubled Fannie Mae shakes up leadership

Troubled Fannie Mae shakes up leadership

NEW YORK, Aug. 28 (UPI) -- The Federal National Mortgage Association, battered by the meltdown in the U.S home loan business, has shaken up its senior management, officials said.

Trouble with U.S. mortgage giants spreads

WASHINGTON, Aug. 19 (UPI) -- Fears over two U.S. mortgage giants collapsing are rippling through financial systems and putting a strain on the system, analysts said.
Fannie Mae losses $2.3 billion in quarter

Fannie Mae losses $2.3 billion in quarter

WASHINGTON, Aug. 8 (UPI) -- The U.S. government-sponsored mortgage broker Federal National Mortgage Association reported a second quarter net loss Friday of $2.3 billion.
McCain: Freddie, Fannie too big to sink

McCain: Freddie, Fannie too big to sink

WASHINGTON, July 24 (UPI) -- Republican U.S. presidential hopeful John McCain Thursday sharply criticized the mortgage bailout bill pending in Congress, calling it outrageous.

Fannie Mae, Freddie Mac shakeup seen

WASHINGTON, July 17 (UPI) -- Fannie Mae and Freddie Mac's political dealings of the past aren't good predictors of what will happen to the troubled lenders in the future, observers said.

Barr: Privatize Freddie, Fannie

WASHINGTON, July 15 (UPI) -- Libertarian presidential candidate Bob Barr called Tuesday for the privatization of mortgage giants Fannie Mae and Freddie Mac.

Dodd doesn't expect many bank failures

WASHINGTON, July 14 (UPI) -- The chairman of the U.S. Senate Banking Committee said Monday he does not expect many banks to fail as IndyMac Bancorp did last week.

U.S. to back Fannie Mae, Freddie Mac

WASHINGTON, July 13 (UPI) -- The U.S. Treasury and Federal Reserve have settled on a strategy for the U.S. government to bail out Fannie Mae and Freddie Mac, officials said Sunday.
Treasury working to help two U.S. lenders

Treasury working to help two U.S. lenders

WASHINGTON, July 11 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. Friday said the Treasury was working to help two large mortgage lenders whose share values have plummeted recently.
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Youngsters compete in Scripps National Spelling Bee
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Contestants (L-R) Cooper Barth of West Long Branch, New Jersey, Eboseremhen Eigbe of Galloway, New Jersey, Jacob Bayly Hunter of Sante Fe, New Mexico and Massound Sharif of Albany, New York, all await their turns to compete during the 3rd round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. UPI/Mike Theiler