Fannie Mae to tighten lending standards
Banks will demand higher credit scores, lower borrower debt
By Dina ElBoghdady
Washington Post Staff Writer
Thursday, November 26, 2009
Fannie Mae, the giant mortgage finance company that helps shape lending guidelines, plans next month to raise minimum credit score requirements and limit the amount of overall debt that borrowers can carry relative to their incomes.
New economic numbers offer modest hope
SPENDING, INCOME RISE
New jobless claims reach 14-month low
By Neil Irwin and Dana Hedgpeth
Washington Post Staff Writer
Thursday, November 26, 2009
A new round of economic data released Wednesday offers evidence that the economic expansion has continued through the latter part of the year but raises questions about the strength of the industrial sector in the months ahead.
New-home sales rise as supply starts to wane
October figures for U.S. get boost from South; other regions suffer
By Dina ElBoghdady
Washington Post Staff Writer
Thursday, November 26, 2009
Sales of newly built homes rose to the highest level in more than a year while the supply of these homes dropped to new lows, according to government data released Wednesday.
American Capital nears agreement with all its lenders on debt restructuring
Bethesda firm scrambling to avoid bankruptcy
By Thomas Heath
Washington Post Staff Writer
Saturday, November 28, 2009
American Capital, a key financial player in the Washington region for decades, said it has reached agreements with lenders on 95 percent of its loans in an attempt to avert bankruptcy, the company said in a regulatory filing Friday.
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