The Associated Press
Fannie Mae reported losses of $2.2 billion in the first quarter and the nation’s largest buyer of home loans said today it would cut its dividend and raise $6 billion in new capital, with expectations that the housing slump will persist into next year.
Home prices fell faster in the first quarter than Fannie […]
Read: Fannie Mae loses $2.2B in 1Q, warns of severe weakness
The Associated Press
WASHINGTON – The bruised economy limped through the first quarter, growing at a 0.6 percent pace as housing and credit problems forced people and businesses alike to hunker down.
The country’s economic growth during January through March was the same as in the final three months of last year, […]
In a Bureau of Economic Analysis report ranking the 50 states by rate of personal income growth and highest per capita income, Colorado scored both low and high.
It trailed Rocky Mountain states like Wyoming and Utah, which both had 6 percent or better per capita growth rates for 2006 to […]
U.S. consumer confidence fell in April to a 26-year low.
The Reuters/University of Michigan sentiment index decreased to 62.6, from 69.5 the previous month. The measure was down from a preliminary estimate of 63.2 issued on April 11.
The index of consumer expectations for six months from now, which more closely projects the direction […]
Reed Construction Data, an industry research group, took a look at the year-to-date value of nonresidential construction starts for January – March 2008. Not surprisingly, retail construction was down 14 percent, nonresidential building was off 5 percent and heavy construction fell 11 percent compared to first quarter 2007.
The retail results […]
The Associated Press
WASHINGTON – Growing numbers of middle-class Americans say they aren’t better off than they were five years ago, reflecting economic pressures amid growing debt, a study released Wednesday shows.
Their short-term assessment of personal progress, according to the study, is the worst it’s been in nearly half a century.
The […]
The El Paso County Board of Commissioners learned that additional federal money is now available for the Rancho Colorado buffer zone project, adjacent to the eastern border of Fort Carson.
In 2005, Fort Carson started relying on the federal program designed to slow encroachment of development along its southeastern boundary.
The […]
Residential real estate prices in 25 cities dropped below last year’s level, said Radar Logic Inc. in a monthly report that tracks prices by changes in price-per-square-foot.
Only two markets showed a net appreciation; two markets are neutral and 21 show declines. New York City and Charlotte, N.C., showed slight […]
The Small Business Administration wants to establish a new e-commerce portal to help expand credit availability for businesses and give lenders increased access to potential small business customers.
SBA has issued a request for information from potential vendors about setting up a sustainable online lending portal to connect small business loan applicants with […]
WASHINGTON (AP) _ The Federal Reserve moved to assist a Wall Street investment bank on the brink of bankruptcy to prevent a failure that could have dealt serious consequences to the U.S. economy, Federal Reserve Chairman Ben Bernanke said today.
“Given the exceptional pressures on the global economy and financial system, the […]