Reuters - Four former top executives of Fannie Mae were sued on Monday, one day after the mortgage finance giant was seized by the U.S. government, in an investor lawsuit that claims the four lied about the company's financial position and artificially inflated its share price. Read more…

AP - Mortgage rates fell sharply Monday, as investors reacted to the government's takeover of Fannie Mae and Freddie Mac. And that's exactly what homeowners like Jim Chereskin had been waiting for. Read more…

AFP - The dollar gathered strength Monday, hitting an 11-month high on the euro, as news of a US government takeover of ailing mortgage giants Fannie Mae and Freddie Mac eased economic jitters. Read more…

FT.com - The government takeover of the US mortgage agencies ends the period of acute uncertainty surrounding these institutions. Read more…

Reuters - Fannie Mae is the subject of an investor lawsuit seeking class-action status that accuses the mortgage giant of misrepresenting the company's capital needs, court documents filed on Monday said. Read more…

FT.com - The seizure of Freddie Mac and Fannie Mae (NYSE:FNM) by the US Treasury boosted credit markets on Monday and prompted a buying frenzy in mortgage bonds that pushed rates sharply lower. Read more…

AFP - The US takeover of struggling mortgage giants Fannie Mae and Freddie Mac offers hope for an easing of the credit and housing crunch while putting the government's finances on the line, analysts said Monday. Read more…

Reuters - U.S. consumer credit expanded at the slowest pace in seven months in July as banks tightened lending standards, a Federal Reserve report on Monday showed. Read more…

AFP - Shares in London closed sharply higher on Monday, adding nearly four percent despite a technical glitch which prevented trading for most of the business days. Read more…

Reuters - The White House said on Monday that the administration's rescue plan for troubled mortgage finance agencies Fannie Mae and Freddie Mac was necessary to prevent broader financial damage and was structured to limit costs to taxpayers. Read more…

AP - The White House says that the giant federal takeover of troubled mortgage giants Fannie Mae and Freddie Mac could have been prevented if Congress had acted on its recommendations. Read more…

AFP - Central banks must be on alert for risks from the global credit crisis and the US government bailout of ailing US mortgage giants Fannie Mae and Freddie Mac is welcome in this regard, the Group of 10 said on Monday. Read more…

AFP - Nationwide Building Society, the second biggest lender of home loans in Britain, said Monday it had agreed to buy two smaller peers struggling to cope with the global credit crunch. Read more…

BusinessWeek Online - With the nation riveted on what the next President will do, the current Administration showed on Sept. 7 that it's not ready to take its hands off the economy's steering wheel quite yet. The Bush Administration announced that it had seized control of Fannie Mae and Freddie Mac , two huge but dysfunctional companies whose financial difficulties were weighing down the U.S. housing market and threatening global financial upheaval. Read more…

AP - Washington Mutual is ousting Chief Executive Kerry Killinger as the beleaguered savings and loan moves to overhaul its business, which has been ravaged by sour mortgage loans. Read more…

AFP - The dollar rose against the euro and yen on Monday after US authorities bailed out two mortgage finance giants, easing investor worries over the future of global markets, dealers said. Read more…

AFP - The London Stock Exchange said Monday it had been forced to halt trade after experiencing connectivity problems with some clients. Read more…

AP - U.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. U.S. stock futures jumped more than 2 percent. Read more…

AP - The Nationwide Building Society, a British mortgage lender, said Monday it is taking over two smaller rivals. Read more…

Reuters - Both presidential candidates Barack Obama and John McCain said on Sunday they see the federal takeover of mortgage finance companies Fannie Mae and Freddie Mac as necessary. Read more…

Reuters - Treasury Secretary Henry Paulson said in an interview with U.S. radio broadast on Monday that a plan to take control of Freddie Mac and Fannie Mae had been structured in a way to protect U.S. taxpayers. Read more…

Reuters - Stock index futures pointed to a jump on Wall Street on Monday after the government seized control of major mortgage firms Fannie Mae and Freddie Mac . Read more…

AFP - European stock markets surged in early trading on Monday, mirroring sharp gains won across Asia after the US government seized control of ailing mortgage giants Fannie Mae and Freddie Mac. Read more…

AFP - Asian stock markets surged on Monday as a US federal takeover of ailing mortgage giants Fannie Mae and Freddie Mac eased fears of a spiralling global financial crisis, dealers said. Read more…

Reuters - Amicable talks between Fannie Mae and Freddie Mac and the U.S. mortgage finance companies' regulator about an aid package ended abruptly as policy-makers resolved in recent days to seize the firms, industry sources with knowledge of the events said. Read more…