Republicans not sold on this mortgage rescue plan
Summary from multiple countries, from articles in English
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This is good news for Democrats trying to pass a housing rescue bill that would help thousands of struggling homeowners get into more affordable mortgages, with fixed-rates. (article 4)
Shares of the two pillars of the U.S. housing market surged 17 percent, adding to equally sharp gains earlier this week, helped by stronger-than-expected earnings at JPMorgan Chase & Co (JPM.N). (article 11)
Some conservative Republicans were balking at a proposal unveiled over the weekend by the Treasury Department to prop up Fannie and Freddie, the nation's largest mortgage finance companies, amid a deepening U.S. housing crisis. (article 3)
A stumbling economy and a potential federal bailout of home mortgage giants Fannie Mae and Freddie Mac appear to have prompted some traders to try to profit by questioning what has been one of the most stable investments: U.S. Treasury bonds. (article 16)
Asian and European stock markets fell sharply Tuesday as investor confidence in the U.S. financial system eroded further despite a government-backed plan to help beleaguered mortgage financiers Fannie Mae and Freddie Mac. (article 17)
The turmoil surrounding Fannie Mae and Freddie Mac is creating more anxiety and confusion in a Massachusetts housing market already reeling from slumping sales, surging foreclosures, and ever-tightening restrictions on home loans. (article 18)
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Story keywords
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percent, investors, market, Prices, rose |
Source articles
- Govt OK sought for top pay at mortgage giants (Washington Post, 07/17/2008, 387 words)
- Republicans not sold on this mortgage rescue plan (L.A. Times, 07/17/2008, 537 words)
- Democrats, Paulson fight to keep housing bill moving (Washington Post, 07/16/2008, 711 words)
- Boston Real Estate (boston.com, 07/17/2008, 249 words)
- Aid package for mortgage giants may boost broader housing bill (L.A. Times, 07/15/2008, 355 words)
- Fannie Mae and Freddie Mac: Averting a rescue (L.A. Times, 07/17/2008, 435 words)
- Keep safe the ability to borrow on a home (seattletimes.nwsource.com, 07/15/2008, 348 words)
- Washington throws long lifeline (boston.com, 07/15/2008, 784 words)
- FANNIE & FREDDIE: BREAK 'EM UP (NY Post, 07/15/2008, 605 words)
- Unsafe as Houses -Times Online (timesonline.co.uk, 07/17/2008, 536 words)
- Fannie Mae, Freddie Mac shares jump again (Washington Post, 07/17/2008, 450 words)
- The Boston Globe (boston.com, 07/15/2008, 792 words)
- Fannie, Freddie rise after dive a day earlier (Washington Post, 07/17/2008, 437 words)
- Making money off the mortgage mess (seattletimes.nwsource.com, 07/16/2008, 620 words)
- Insight: Fatalism is not the answer (ft.com, 07/17/2008, 699 words)
- ABC News: Jitters Hitting T-Bonds: Is Anything Safe? (ABCNews, 07/16/2008, 365 words)
- ABC News: World Stocks Plummet on U.S. Worries (ABCNews, 07/15/2008, 326 words)
- Loan woes eroding confidence (boston.com, 07/15/2008, 775 words)
- No "magic wand" for economy (seattletimes.nwsource.com, 07/16/2008, 721 words)
- US mortgage firms safe, says Fed (BBC News, 07/16/2008, 429 words)
- Economic indicators point to more distress (L.A. Times, 07/16/2008, 767 words)
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