CSBJ Daily

Government intervention at Fannie Mae and Freddie Mac this weekend might finally give home sellers, Realtors and builders a light at the end of the mortgage and real estate tunnel.
Today, 30-year fixed rate mortgages dropped to 5.75 percent, and a 15-year fixed rate loan fell to 5.375 percent.

Conventional loan requirements had squeezed many formerly qualified […]

United Airlines officials said today that reports that the company has filed for bankruptcy are untrue.
Officials said the rumor was started when the Florida Sun Sentinel posted a 6-year-old Chicago Tribune story to its Web site.

The story was related to United’s 2002 bankruptcy filing. The company emerged from bankruptcy during 2006.
The rumor, which circulated widely […]

Employment trends suggest even more softening in the labor market this fall, according to the Conference Board.

The nonprofit management group’s index fell 8 percent during August compared to a year ago.
Senior economist Gad Leavanon said the pace of decline points toward rising unemployment extending well into 2009.
“Leading indicators of employment are deteriorating throughout most of […]

The New York Times is reporting that Fannie Mae CEO Dan Mudd will get $9.3 million of severance for leaving his company, while Freddie Mac CEO Richard Syron will get $14.1 million.
The packages are miniscule compared to what’s become normal departure deals for mega-company CEOs, but now taxpayers will help foot the […]