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Federal National Mortgage Association (Fannie Mae) Defined

A publicly owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some nongovernment-backed mortgages.

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North Central Bancshares, Inc. Declares Dividend

Published August 29, 2008, 2:30 pm, PR Newswire via Yahoo! Finance

North Central Bancshares, Inc. , the holding company for First Federal Savings Bank of Iowa announced today that the Company's Board of Directors declared a cash dividend of $0.01 per share on its common stock to be paid on October 6, 2008 to shareholders of record as of September 15, 2008.

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AMCORE Financial Announces Stock Price of Quarterly Dividend and Discloses It Has No Ownership in Fannie Mae or ...

Published August 29, 2008, 7:35 am, GlobeNewswire via Yahoo! Finance

ROCKFORD, Ill., Aug. 29, 2008 -- AMCORE Financial, Inc., announced the stock price for the stock portion of its quarterly dividend is $8.137 per share.

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CENTRAL NY BUSINESS NEWS

Published August 29, 2008, 2:10 am, The Post-Standard

• Economic Rally Maybe Washington The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last.

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Business in brief

Published August 28, 2008, 8:16 pm, Milwaukee Journal Sentinel

LOCAL Jefferson Wells acquires N.J. tax firm Jefferson Wells , the Milwaukee-based...

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New-home sales rose slightly in July, prices fell

Published August 28, 2008, 4:10 pm, El Paso Times

WASHINGTON—Sales of new homes rose in July, but still fell short of economists' expectations, and home prices continued to sink. The Commerce Department reported Tuesday that new-home sales rose by 2.4 percent last month to a seasonally adjusted annual rate of 515,000 units, the most since April.

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Would-be buyers find loans are out of reach

Published August 28, 2008, 12:18 pm, Miami Herald

Thanks to the housing slump, professional couple Gladys and Raul Castillo finally found homes they could afford - new condo units in foreclosure within walking and biking distance of their jobs in Miami's Brickell financial district.

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UPI NewsTrack Business

Published August 28, 2008, 10:37 am, Moldova.org

Stocks spurred by good economic reportNEW YORK, Aug. 28 (UPI) -- U.S. stock indexes advanced Thursday spurred by a surprisingly strong economic report while storm-conscious oil prices slowed its rise.The Dow Jones industrial average was up 163.17 points, or 1.47 percent, at 11,665.68 at midday. The Nasdaq composite climbed 18.64, or 0.78 percent, at 2,401.10 and the Standard & Poor 500 was up ...

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UPI NewsTrack Business

Published August 28, 2008, 10:29 am, UPI

Stocks spurred by good economic report...Crude oil reports loss... Troubled Fannie Mae shakes up leadership... DNP report offers welcome economic news ... News from United Press International.

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Public Notice

Published August 28, 2008, 8:27 am, Columbia Star

NOTICE CITY OF COLUMBIA PLANNING COMMISSION September 8, 2008 - 5:15 P.M. 1737 MAIN STREET CITY COUNCIL CHAMBERS 1102 Huger Street, TMS# 08912-10-09 through -19, rezone from M-2, -DD (Heavy Industrial, Design Development) and M-2, -DD, -DP (Heavy Industrial, Design Development, Design Preservation) to M-1, -DD Light Industrial, Design Development) and M-1,

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Troubled Fannie Mae shakes up leadership

Published August 28, 2008, 7:18 am, Moldova.org

The Federal National Mortgage Association, battered by the meltdown in the U.S home loan business, has shaken up its senior management, officials said.In an announcement in Washington Fannie Mae officials said that Daniel Mudd will remain chief executive but its chief financial officer and two other top executives are out. They will be replaced by other Fannie Mae insiders, the Washington Post ...

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