Lindsay's Feed
Jan 23, 2015

U.S. existing home sales rise in December, down for 2014

WASHINGTON, Jan 23 (Reuters) – U.S. home resales rose
slightly in December but fell overall for the year, the first
annual drop since 2010 and another sign that the housing market
recovery remains uneven amid expectations of a pick-up in 2015.

The National Association of Realtors said on Friday existing
home sales increased 2.4 percent to an annual rate of 5.04
million units last month.

Jan 14, 2015

Fannie, Freddie must study ‘alternate’ credit scoring -regulator

WASHINGTON, Jan 14 (Reuters) – Fannie Mae and
Freddie Mac’s regulator hinted on Wednesday that
credit standards could be eased when it laid out the 2015 goals
for U.S. mortgage companies.

The Federal Housing Finance Agency directed the two
government-controlled entities to explore “alternate” credit
score models and the credit history of the loans they support.

Jan 7, 2015

White House says FHA to cut annual mortgage insurance premiums

WASHINGTON (Reuters) – The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday.

President Barack Obama will discuss the move in a speech in Phoenix on Thursday.

Nov 6, 2014

Fannie Mae to send $4 billion to U.S. Treasury after third-quarter profit

By Lindsay Dunsmuir

(Reuters) – Government-controlled mortgage finance firm Fannie Mae (FNMA.OB: Quote, Profile, Research, Stock Buzz) said on Thursday it will pay U.S. taxpayers $4.0 billion after reporting a quarterly profit that modestly rose from the second quarter.

Once it has made the latest payment in December, it will have returned $134.5 billion to taxpayers in exchange for the $116.1 billion in taxpayer aid it received after being placed under the government’s wing at the height of the financial crisis.

Nov 6, 2014

Fannie Mae to send $4 bln to U.S. Treasury after Q3 profit

Nov 6 (Reuters) – Government-controlled mortgage finance
firm Fannie Mae said on Thursday it will pay U.S.
taxpayers $4.0 billion after reporting a quarterly profit that
modestly rose from the second quarter.

Once it has made the latest payment in December, it will
have returned $134.5 billion to taxpayers in exchange for the
$116.1 billion in taxpayer aid it received after being placed
under the government’s wing at the height of the financial
crisis.

May 7, 2014

Fast-food workers threaten global wage protests next week

NEW YORK (Reuters) – Fast-food workers plan strikes in 150 cities across the United States and protests in 33 other countries on May 15 to demand higher pay and better working conditions, organizers said in New York on Wednesday.

It is the latest in a series of protests over the past 18 months in the United States that have targeted fast-food chains including McDonald’s Corp, Burger King Worldwide Inc, Wendy’s Co and Yum Brands Inc’s KFC chain.

Apr 15, 2014

Two in three Americans do not plan to follow football’s World Cup – Reuters/Ipsos poll

NEW YORK (Reuters) – When the U.S. men’s football team lines up in Brazil to play their first game of the football World Cup in June, their home support may be tepid at best.

Two in three Americans do not plan to follow this year’s tournament, according to an ongoing Reuters/Ipsos poll. Only 7 percent said they anticipated following it closely.

Apr 14, 2014

Two in three Americans do not plan to follow soccer’s World Cup: Poll

NEW YORK (Reuters) – When the U.S. men’s soccer team lines up in Brazil to play their first game of the soccer World Cup in June, their home support may be tepid at best.

Two in three Americans do not plan to follow this year’s tournament, according to an ongoing Reuters/Ipsos poll. Only 7 percent said they anticipated following it closely.

Apr 14, 2014

Two in three Americans do not plan to follow football’s World Cup

NEW YORK (Reuters) – When the U.S. men’s football team lines up in Brazil to play their first game of the football World Cup in June, their home support may be tepid at best.

Two in three Americans do not plan to follow this year’s tournament, according to an ongoing Reuters/Ipsos poll. Only 7 percent said they anticipated following it closely.

Mar 20, 2014

Manchester United’s struggles put strain on business model

NEW YORK/SINGAPORE (Reuters) – Manchester United won some much needed breathing space with its comeback in the Champions League on Wednesday after a series of losses on the pitch put pressure on the business model of one of the richest clubs in Europe.

While loyalties in soccer don’t evaporate overnight, an early sign that casual fans might be wavering is when selling merchandise becomes harder. A dwindling fan base in turn jeopardizes the lucrative sponsorships that drive revenue.