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Yahoo! Personal Finance

Fannie, Freddie ease terms for mortgage refinance (Reuters)

The headquarters of mortgage lender Fannie Mae is shown in Washington September 8, 2008. REUTERS/Jason ReedReuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.



AIG to sell consumer finance unit in Colombia (AP)
AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances.

Freddie Mac gets another $6.1B from gov't (AP)
AP - Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.


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