HSBC Sees Slower U.S. Recovery
HSBC Sees Slower U.S. Recovery
May 9, 2011, Wall Street Journal
The widespread halt in home foreclosures will result in the U.S. economic recovery taking longer than was anticipated just several months ago, HSBC Holdings PLC's Chief Financial Officer Iain Mackay said Monday.
Fannie Mae Seeks $8.5 Billion More in Federal Aid
May 6, 2011, Associated Press
Fannie Mae asked the government Friday for an additional $8.5 billion in aid after declining home prices caused more defaults on loans guaranteed by the mortgage giant.
Obama Anti-Foreclosure Efforts Still Falling Short
May 9, 2011, Wall Street Journal
The Obama administration’s efforts to tackle the foreclosure crisis have long been troubled, and data released Friday show that, despite some modest successes, they are still failing to meet expectations.