November 14, 2008
Bradford and Bingley Bosses Quit
The chairman and deputy chairman of nationalised mortgage bank Bradford and Bingley have quit.
White House reviewing FDIC mortgage plan
The White House on Friday said it was carefully reviewing a plan by the Federal Deposit Insurance Corp to prevent foreclosures by sharing any losses with mortgage companies that agree to refinance certain home loans.
Freddie Mac loses $25.3 billion, seeks US infusion (AFP via Yahoo! UK & Ireland News)
Freddie Mac, one of the mortgage finance giants taken over by the government earlier this year, reported Friday a quarterly loss of 25.3 billion dollars as it asked for a fresh capital infusion.
