Yahoo - "Goldman Sachs not buying Lehman: sources" (9-11-08)

"Contrary to market speculation, Goldman Sachs Group Inc (NYSE:GS - News) is not pursuing an acquisition of Lehman Brothers Holdings Inc (NYSE:LEH - News), reflecting concerns that integrating two investment banks would be too disruptive, sources familiar with the situation said on Thursday."

Yahoo - "30-year mortgages dip to lowest level since April" (9-11-08)

"Rates on 30-year mortgages dropped sharply this week, falling to the lowest level in five months, as the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac had the hoped-for impact of lowering mortgage"

Yahoo - "Don't Rule Out Another Fed Rate Cut This Year" (9-11-08)

"Though there’s virtually no chance the Fed will change interest rates at its meeting next Tuesday, there’s a growing likelihood it will make subtle changes in the language of its policy statement, placing greater emphasis on the risks to growth than the threat of inflation."

Yahoo - "Fed's Kohn says no sign home prices stabilizing" (9-11-08)

"Federal Reserve Vice Chairman Donald Kohn said on Thursday there was no clear evidence the plunge in U.S. house prices was coming to an end. 'The jury is still out on whether housing prices are close to finding a bottom,' Kohn said in prepared remarks for delivery at a Brookings Institution conference where he was commenting on a series of academic papers."

Bloomberg "WaMu Rebounds From 40%, Two-Day Drop as Lehman Sale Is Reported" (9-11-08)

"WaMu, the biggest U.S. savings and loan, rose 22 percent to $2.83 at 4:15 p.m. in New York Stock Exchange composite trading. It fell as much as 25 percent earlier after tumbling 30 percent yesterday and 20 percent on Sept. 9."

Bloomberg - "Subprime Suit Volume Surpasses Savings and Loan Era" (9-11-08)

"More than 600 lawsuits related to the subprime mortgage crisis were filed in U.S. federal courts since January 2007, including 310 in the first six months of this year, surpassing litigation related to the U.S. savings and loan collapse of the 1990s, according to a consulting firm report."

Bloomberg - "Senators Ask Fannie, Freddie to Freeze Foreclosures" (9-11-08)

"U.S. Senate Banking Committee members urged Fannie Mae and Freddie Mac, the mortgage companies placed under federal control this week, to freeze foreclosures on loans in their portfolios for at least 90 days."