Andrew Wilson News
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Fannie Mae is snatching potential profits away from mortgage lenders as it posts record earnings that are fueling industry concern the government-backed company is regaining its swagger even as lawmakers plot its demise.
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Fannie Mae plans to sell $2 billion of commercial-mortgage bonds issued before the credit market seizure as it seeks to reduce holdings of illiquid assets, according to three people familiar with the offering.
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Microsoft Corp. unveiled its first new Xbox in almost eight years, seeking to position the console at the center of games and home entertainment against a growing roster of competitors that includes Apple Inc. to Facebook Inc.
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Sydney’s luxury-home market is reviving, with two harborside mansions -- one of which was offered for more than A$50 million ($51 million) -- selling in the past month and realtors reporting a jump in buyer inquiries.
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Fannie Mae and KPMG LLP agreed to settle an eight-year-old investor class action for $153 million, according to Ohio Attorney General Mike DeWine, whose state’s employee pension fund was a plaintiff in the case.
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Three of Australia’s major lenders passed on in full the central bank’s interest-rate cut for the first time in 17 months, sending benchmark home-loan costs to the lowest since 2009.
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The Reserve Bank of Australia cut its benchmark interest rate to a record low, driving down a currency that has damaged manufacturing and boosted unemployment.
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Fannie Mae’s and Freddie Mac’s charters exempt them from paying real-estate transfer taxes, a federal judge in Greenbelt, Maryland, ruled, dismissing a claim by the state’s Montgomery County.
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What if when you died you were instantly whisked back to the moment of your birth, to start over and try to get it right?
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Fannie Mae and Freddie Mac may send the Treasury Department enough money in June to extend by a month government operations under the debt ceiling, giving Republicans and Democrats more time to hammer out solutions to the nation’s finances.
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