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Fannie Mae Expands Portfolio, Delinquencies Rising

by devteam June 30th, 2009

Fannie Mae, the mortgage goliath taken under government control last September, yesterday announced that its portfolio expanded by an annual rate of 35.1% in May, marking a stark contrast to the 19.2% decline in April. In its summary of monthly highlights

Case-Shiller Says Pace of Home Price Declines Slowed in April

by devteam June 30th, 2009

Contrary to expectations, the rapid decline of home prices showed signs of stabilization in April, according to the Case-Shiller Home Price Index, the most influential recorder of prices. The 10-city composite index, which looks at ten major metropolitan

Q2 to End on Upbeat Note

by devteam June 30th, 2009

It’s the final day of the first half of the year and markets look poised to climb. The US$ index is slightly lower, equity futures are pointing to an extension of Monday’s gains, and oil prices are inching closer to $72 per barrel (in Asian

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