Fannie Mae Shares Drop 13 Pct. in 3 Days
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WASHINGTON Sept. 24, 2004 - Shares of Fannie Mae fell again on Friday, capping a three-day slide of more than 13 percent, as investor concerns widened after a government regulator accused top executives
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Wall Street stock indexes declined on Wednesday after weak employment data and a record drop in a home sales index heightened concern that turmoil in the subprime mortgage market was hurting the wider U.S. economy.
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Most stocks fell Monday for the first time in four days after confidence in the home building industry dropped to a 16-year low.
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NEW YORK Fannie Mae, the biggest provider of money for the US mortgage industry, said Wednesday that it was planning to sell as much as $4 billion worth of preferred stock after its regulator said the lender had broken accounting rules and was
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NEW YORK - Troubled mortgage giant Fannie Mae said Wednesday it may sell up to $4 billion in preferred stock as soon as this week.
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Wall Street shares fell for a third consecutive day as confidence waned during the session after housing starts hit a 14-year low and renewed concerns about the health of the US economy.
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NEW YORK  - Global crude prices fell, capping a 13-percent, three-day plunge triggered by news of an unexpectedly sharp gain in US petroloeum stockpiles.
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U.S. stocks fell sharply on Tuesday, pushing all three major indexes down 1 percent, as mounting losses in the subprime mortgage sector caused investors to sell riskier assets.
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Stocks were lower on Wednesday after  investment bank Morgan Stanley MWD.N reported lower quarterly  profit and a U.S. regulator challenged Fannie Mae's FNM.N  accounting methods.
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SAN FRANCISCO (CBS.MW) -- Fannie Mae stock fell 3.1 percent in after-hours trading Tuesday after the mortgage giant disclosed that the Securities and Exchange Commission&#39;s investigation into the company&#39;s accounting had escalated into a formal probe.
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Stocks fell for a third straight day on Thursday after a sharp jump in Treasury debt yields stirred concerns about inflation and higher interest rates that threatened to squeeze corporate profits.
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Stocks tumbled on Tuesday, with the three major indexes posting their worst single day performance since March 13, as disappointing results from DuPont Co. and Countrywide Financial Corp. heightened concerns about the housing market.
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Stock index futures fell on Wednesday as news that deep losses on subprime mortgage bonds have left two Bear Stearns hedge funds almost worthless further worried investors already edgy after lackluster results from Intel Corp.  and Yahoo Inc.
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Stocks slid on Tuesday as the subprime  mortgage crisis escalated, undermining banking shares, while  Home Depot Inc.  and other housing-related companies  lowered their outlooks.
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WASHINGTON, DC - Investors in Fannie Mae and Freddie Mac are feeling some pain in the wake of Fannie&#39;s recent accounting problems.
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Stocks fell for a third straight session on Friday as concern over rising defaults in the subprime mortgage industry sent financial services shares for their worst drop in a month.
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Stock index futures fell on Wednesday  as news that deep losses on subprime mortgage bonds have left  two Bear Stearns hedge funds almost worthless further worried  investors already edgy after lackluster results from Intel  Corp.  and Yahoo Inc.