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FDIC says plan could help 1.5 million keep homes
(AP)
AP - Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1.5 million American households avoid foreclosure. Homebuilder, REIT shares tumble as recession spreads (Reuters)
Bulk of top Merrill brokers to join BoA (Reuters) Reuters - Merrill Lynch & Co said on Friday that the majority of its best-performing financial advisors will join Bank of America Corp when that bank buys Merrill at the end of the year. Regulator halts Fannie housing fund contributions (Reuters) Reuters - Fannie Mae , the largest provider of money for U.S. home mortgages, on Tuesday said its federal regulator suspended a mandate to set aside money for a housing trust fund. Freddie Mac could lose $20-$40 billion in 2009: Friedman (Reuters)
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