Comments

Market Summary

  Last Change % Change
Dow 10,427.46+107.36+1.04%
Nasdaq 2,228.46+28.45+1.29%
S&P 500 1,102.29+12.19+1.12%

Bonds

  Yield Change % Change
5 Year 1.49%+0.61+69.71%
10 Year 2.71%+0.78+40.50%
30 Year 3.78%+0.57+17.74%

Commodities

  Last Change % Change
Oil 74.38-0.64-0.85%
Gold 0.00+0.00+0.00%
Nat. Gas 3.92+0.17+4.40%

Currencies

  Last
USD−EUR 0.7758
USD−JPY 84.4050
USD−GBP 0.6471

FDIC to Modify IndyMac Mortgages (www.bloomberg.com)

In order to help home owners the FDIC may significantly lower mortgage interest rates for delinquent IndyMac borrowers. The news comes just after the FDIC suspended foreclosures on the more then $15 billion in loans. The FDIC is running the failed bank while looking for a buyer.

Negative Impact Positive Impact -1 | Circulate

Del.icio.us Digg Reddit StumbleUpon NewsVine

2 years 269 days ago by Tim

Submit comment

Please sign in or register to leave a comment.