Fannie, Freddie narrow losses but seek more aid

Fannie, Freddie narrow losses but seek more aid
Government-controlled mortgage buyers Fannie Mae and Freddie Mac narrowed their losses in the final three months of last year. But they are asking for more money from taxpayers as the real estate market braces for what could…
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Braun records show losses, 4 mortgages

Braun records show losses, 4 mortgages
Chicago mayoral candidate Carol Moseley Braun reported a negative income — $225,908 — to the IRS in 2008, the same year she took out a fourth mortgage on the spacious Hyde Park house she has put up for sale, records show.The former U.S. senator and ambassador released two-page summary sheets [...]

Bank of Virginia moves to stabilize itself amid losses

Bank of Virginia moves to stabilize itself amid losses
The loss will include write-offs for bad loans and increases to credit reserves, the Midlothian-based bank said. Frank Bell, president and chief executive officer, said yesterday that the bank is reporting the loss now to take a proactive approach.
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TREASURIES-Bonds rise as stock losses revive safety bid

TREASURIES-Bonds rise as stock losses revive safety bid
TREASURIES-Bonds rise as stock losses revive safety bid
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AIG ‘Still Exposed’ Amid Losses From Mortgage Insurer, Lender

AIG ‘Still Exposed’ Amid Losses From Mortgage Insurer, Lender
March 4 (Bloomberg) — American International Group Inc. , the insurer bailed out after derivatives losses tied to housing, is being weighed down by unprofitable units that originate and guarantee U.S. mortgages.
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