NEW YORK - MBIA Inc Chief Executive Jay Brown on Wednesday has said he does not expect rating agencies Moody’s Investors Service and Standard & Poor’s to take any action on the company’s ratings for up to 18 months.
WASHINGTON - Sales of new United States single-family homes slumped to a 13-year low in January and demand for long-lasting goods declined more than expected, government data showed on Wednesday, fueling fears of a recession.
WASHINGTON - Sales of new United States single-family homes slumped to a 13-year low in January and demand for long-lasting goods declined more than expected, government data showed on Wednesday, fueling fears of a recession.
NEW YORK - The government on Wednesday lifted limits on the amount the two largegest mortgage finance companies can invest in home loans, a move that could unleash billions more dollars to stabilize the housing market and fend off a possible recession.
NEW YORK - The Dow and S&P 500 ended little changed on Wednesday after a rally fizzled when doubts emerged that lifting investment caps on the two largegest home financing companies was enough to prevent deeper damage to the housing market.
WASHINGTON - Democrats in the United States Senate are weighing a new economic stimulus measure in the range of $35 billion for this year and 2009 as part of a budget plan that will be debated soon, Senate Budget Committee Chairman Kent Conrad has said on Wednesday.
NEW YORK - Fannie Mae and Freddie Mac could have billions of dollars more to fund home purchases after the government on Wednesday lifted caps on the two largegest United States mortgage finance companies to ease a housing crisis.