AP – Among the earnings stories for Friday, Feb. 26, from AP Financial News:

Report: Prudential PLC nears buy of AIG unit (AP)
AP – The board of American International Group Inc. has approved the sale of its Asian life insurance arm to British life insurer Prudential PLC, according to media reports Sunday.

Fannie Mae seeks $15.3B in gov’t aid after 4Q loss (AP)
AP – Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.

Geithner: No change to Fannie, Freddie until 2011 (AP)
AP – The Obama administration will wait until 2011 to propose an overhaul of mortgage giants Fannie Mae and Freddie Mac, Treasury Secretary Timothy Geithner said Wednesday, arguing that he wanted to put some distance between a new system and what he called “the worst housing crisis in generations.”

Rate of Home Price Declines Slows, But More Drops May Be Ahead (U.S. News & World Report)
U.S. News & World Report – The real estate market continued to heal in the final three months of 2009, as lower home prices, cheap mortgage rates, and a federal tax credit worked to juice demand. The development was visible in the S&P/Case-Shiller home price report released Tuesday, which found that the rate of annual home price declines improved again in the fourth quarter. Prices at the national level fell just 2.5 percent in the fourth quarter of 2009, compared with a year earlier. …

AIG agrees to $35.5 billion unit sale to Prudential: sources (Reuters)
Reuters – American International Group Inc agreed to sell its Asian life insurance unit to Britain’s Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the matter said.

Business events scheduled for the coming week (AP)
AP – WASHINGTON — Commerce Department releases personal income and spending for January, 8:30 a.m.; Commerce Department releases construction spending for January, 10 a.m.

Home Security Alarm Systems & How They Can Protect My Family
Home security alarm systems provide several advantages to you and your family. The alarm systems are directly involved in waking up the owner by alerting the members and everybody through calls and sirens, which too drives away the intruder. Other than this direct service, the systems are able to seek assistance from other agencies in [...]

Lessons From the Richest Network Marketer Ever
What if you could look on the inside of the operation of the richest network marketer ever? What would you look for? What would you learn? What would you gain? MLM Boomer Basics – 2 Minute Warning! Need a ray of hope? Learn how to save your self if you have lost your retirement [...]

New home sales hit record low, prices tumble (Reuters)
Reuters – Sales of new homes unexpectedly fell to a record low in January while demand for loans to buy homes hit a 13-year low last week, fanning fears of renewed weakness in the housing market.

This entry was posted on Monday, March 1st, 2010 at 12:31 am and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.