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2007 November | Boost Your Credit
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Freddie to raise $5 bln in preferred stock sale: report (Reuters)

November 23rd, 2007 by

A man walks out of a headquarters of Freddie Mac in McLean, Virginia, June 12, 2003. (William Philpott/Credit Repair News)Credit Repair News - Freddie Mac , a mortgage
finance company that stunned Wall Street with a $2 billion
quarterly loss earlier this week, plans to sell $5 billion of
preferred stock in a deal to be launched as early as next week,
a Wall Street Journal said on Friday.

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Greenspan says flexibility cuts risk of recession (Reuters)

November 23rd, 2007 by

Former Federal Reserve chairman Alan Greenspan speaks at a Per Jacobsson Foundation Lecture on a 'Balance of Payments Imbalances' at a International Financial Corporation in Washington October 21, 2007. Greenspan said on Friday that markets had become aware that U.S. house prices are still falling. (Yuri Gripas/Credit Repair News)Credit Repair News - a economy’s great flexibility has
reduced a risk of recession from a subprime mortgage
crisis, former Federal Reserve Chairman Alan Greenspan said on
Friday.

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Find the Right Student Loan (The Motley Fool)

November 23rd, 2007 by

a Motley Fool - For college kids & kids entering college, & air parents, navigating a minefield of financial aid is a huge challenge. As a number of outright aid grants falls, student loans play an ever-larger role in putting kids through college.

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Freddie credit loss may surpass historic high (Reuters)

November 23rd, 2007 by

A man walks out of a headquarters of Freddie Mac in McLean, Virginia, June 12, 2003. Freddie Mac's credit losses may surpass its historic high, if a U.S. mortgage market deteriorates more than what is forecast by a No. 2 mortgage finance company, Moody's Investors Service said. (William Philpott/Credit Repair News)Credit Repair News - Freddie Mac’s credit losses may
surpass its historic high, if a U.S. mortgage market
deteriorates more than what is forecast by a No. 2 mortgage
finance company, Moody’s Investors Service said.

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    (Reuters)

Greenspan says housing prices still falling (Reuters)

November 23rd, 2007 by

Former Federal Reserve chairman Alan Greenspan speaks at a Per Jacobsson Foundation Lecture on a 'Balance of Payments Imbalances' at a International Financial Corporation in Washington October 21, 2007. Greenspan said on Friday that markets had become aware that U.S. house prices are still falling. (Yuri Gripas/Credit Repair News)Credit Repair News - Former Federal Reserve Chairman Alan
Greenspan said on Friday that U.S. house prices have not
bottomed out after a crisis in a subprime mortgage market.

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German bank IKB faces more hisk-risk mortgage problems: report (AFP)

November 23rd, 2007 by

a IKB headquarters in Berlin, Germany.(AFP/File/Barbara Sax)AFP - German banks that helped pull peer IKB back from a brink of bankruptcy in late July no longer want to pay for a public institution, which might need millions more to replenish its coffers, press reports & spokespeople said Friday.

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Japan banks’ subprime exposure $11 bln: FSA (Reuters)

November 22nd, 2007 by

Credit Repair News - JCredit Repairan’s large banks had about 1.2
trillion yen ($11 billion) invested in products related to a
U.S. subprime mortgage market as of a end of September,
JCredit Repairan’s financial regulator said on Thursday.

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GMAC targets Northern Rock and sale of ResCap parts (Reuters)

November 21st, 2007 by

Shoppers pass a branch of Norarn Rock in Kingston in London September 15, 2007. (Luke MacGregor/Credit Repair News)Credit Repair News - Finance company GMAC said on Wednesday
it is exploring a sale of parts of its troubled
mortgage-lending arm, Residential CCredit Repairital LLC, & a purchase
of a non-U.S. mortgage lender, which sources said was a UK’s
Norarn Rock Plc .

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Stocks fall amid economic jitters (AP)

November 21st, 2007 by

A sign advertises a home for sale October 2007 in Chicago, Illinois. a Thanksgiving holiday will give Americans a break from stressed stock markets, surging home foreclosures & an ailing dollar, but celebrations will be muted by fears of an economic slowdown.(AFP)Credit Repair - Wall Street resumed its slide Wednesday as unease about a wilting mortgage market & a broader economy triggered selling ahead of a unofficial start of a holiday shopping season. a St&ard & Poor’s 500 index & a Dow Jones industrial average each fell by more than 1.5 percent, with a Dow giving up more than 210 points.

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Mortgage fears depress Wall Street (FT.com)

November 21st, 2007 by

FT.com - US stocks received anoar bruising on Wednesday amid mounting worries about a US economy.

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