Monday 24 October 2011

Evening Market Wrap

RTT News: Global Financial Newswires

Evening Market Wrap

Monday, October 24, 2011, 17:01

Contents

Commentary

Stocks Close Sharply Higher On M&A, Earnings News - U.S. Commentary

Stocks showed a strong upward move over the course of the trading day on Monday, as traders reacted to some merger-and-acquisition news as well as upbeat earnings news from Caterpillar (CAT). The gains extended the upward move seen by the markets in recent weeks. (Oct 24, 2011) Full ArticleForwardFacebookTwitterLinkedIn

Political News

FHFA Changes Refinance Program To Help Troubled Homeowners

In an effort to bring stability to mortgage markets and reduce foreclosure risks, the Federal Housing Finance Agency announced a series of changes to the Home Affordable Refinance Program on Monday. The FHFA, which oversees Fannie Mae and Freddie Mac, said that the changes to the program are designed to attract more eligible borrowers who can benefit from refinancing their home mortgage. (Oct 24, 2011) Full ArticleForwardFacebookTwitterLinkedIn


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