Fannie Mae, Freddie Mac (Mortgage advisor) to Report Losses Through
| Fannie Mae, Freddie Mac to Report Losses Through End of Year - Bloomberg Aug. 5 (Bloomberg) -- Fannie Mae and mortgage advisor Freddie Mac , the biggest U.S. mortgage-finance companies, may report net losses through the first quarter of 2009 as home-loan delinquencies rise to the highest on record, analysts' estimates show. Freddie Source: www.bloomberg.com PRESS DIGEST - New York Times business news - Aug 5 - Reuters Aug 5 (Reuters) - The following were the top stories in the New York Times business pages on Tuesday. Reuters has not verified these stories and mortgage advisor does not vouch for their accuracy. * The chief executive of the mortgage giant Freddie Mac (FRE.N: Quote Source: www.reuters.com Northern Rock 'makes 500m losses' - Crewe Guardian Northern Rock will reveal losses of 500 million when it presents its first trading results as a nationalised bank, it was reported. Bosses, who are also expected to reveal its 24 billion loan from the Bank of England had been slashed by 5 Source: www.creweguardian.co.uk Northern Rock nationalisation - Financial Times Northern Rock is set to report first half losses of 500m ($981m, 630m) on Tuesday due to rising impairments in its mortgage book. The bank, which was nationalised in February, is expected to be loss making until 2010 but its latest figures far Source: www.ft.com Northern Rock loses 500m in six months as mortgage customers - Daily Telegraph Nationalised bank Northern Rock has lost half a billion pounds in the first six months of this year. Ex-boss Adam Applegarth offered 125pc mortgages The bank, which is based in Labour's North-East heartland and mortgage advisor was controversially taken into state Source: www.telegraph.co.uk |