Fannie Mae's mortgage portfolio shrinks in January - 2007-02-26
Fannie Mae, the biggest U.S. home funding company, on Monday said its retained mortgage portfolio dropped by a 4.8 percent annual rate in January, after expanding in December but diminishing for 2006 as a whole. The company's mortgage portfolio declined to $721.4 billion in January after expanding by an annualized 12.3 percent in December and falling by 0.4 percent for all of last year.
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Slower U.S. Economy, Group Forecasts - 2007-02-26
The U.S. economy is leading to a 2.8 percent growth this year, its slowest growth in five years, leading economic forecasters declared Monday. The economic slowdown, largely due to a worse-than-expected housing slump, will be offset by strong consumer spending, the National Association of Business Economics said. The NABE panel said it forecasted growth to increase to 3.1 percent next year. The U.S. economy expanded 3.4 percent in 2006.
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