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Editorial Results (free)

1. Homebuilders Less Confident In Housing Market -

WASHINGTON (AP) – Homebuilders are losing confidence in the housing market now that government incentives that spurred home sales have ended.

The National Association of Home Builders reported Tuesday its housing market index fell to 17 in June, sinking five points after two straight months of increases. It was the lowest level since March.

2. Fannie Mae Posts $29 Billion Loss -

Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and said it may have to tap the government’s $100 billion lifeline as early as next year.

3. Fannie, Freddie Sink On Capital Concerns -

Shares of Fannie Mae and Freddie Mac fell Wednesday amid continuing fears the mortgage finance companies will be forced to sell more new shares than anticipated to compensate for losses from the housing slump.