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Market Watch (Free subscription) | 11/18/2009
SAN FRANCISCO (MarketWatch) -- Fannie Mae said Wednesday it priced a $1 billion reopening of its two-year Benchmark Notes at 100.159 with a yield of 0.92% and a coupon of 1.000%. The settlement date for the issue is Friday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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PR News Wire (Free subscription) | 11/17/2009
WASHINGTON, Nov. 17 /PRNewswire-FirstCall/ -- The Economics & Mortgage Market Analysis group at Fannie Mae (NYSE: FNM) provides a review of mortgage and economic trends each month in the Economic Outlook.
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SeekingAlpha.com (Free subscription) | 11/12/2009
Tom Lindmark submits: Fannie Mae ( FNE ) is out with another ill-considered program to let foreclosed property owners rent their homes and once again Felix Salmon is giddy over the prospect. Complete Story »
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The Business Insider (Free subscription) | 11/09/2009
Former Fannie Mae (FNM) credit officer and mortgage expert Edward Pinto's latest piece delves further into the lending standards at Fannie and Freddie (FRE), and how in 2008, it still seemed plausible that they would be okay. Pinto How Did Paul Krugman Get It So Wrong 11.9.09 Join the conversation about this story » See Also: Edward Pinto: Ending The FHA's Continuing Nightmare Of Foreclosures...
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Market Watch (Free subscription) | 11/07/2009
The U.S. Treasury blocks the proposed sale of low-income housing tax credits held by embattled mortgage lender Fannie Mae because officials have determined that the transaction would be too costly to taxpayers, according to media reports.
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BloggingStocks (Free subscription) | 11/06/2009
Filed under: Launches , Management , Personal finance , Housing , Recession Fannie Mae (NYSE: FNM ) has initiated a new Deed to Lease program in which homeowners facing foreclosure will be able to stay in their homes as renters. During the first half of the year, Fannie Mae has acquired 57,000 homes through foreclosure. These are owners who do not qualify for mortgage restructuring. They must demonstrate...
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Market Watch (Free subscription) | 11/06/2009
Embattled mortgage lender Fannie Mae asks the U.S. Treasury Department for an additional $15 billion in assistance by the end of the year.
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24/7 Wall St. (Free subscription) | 11/05/2009
The government’s many programs to keep the number of mortgage defaults from growing has grown by one. The new Dead for Lease program will allow some homeowners who face foreclosure to turn their homes over to Fannie Mae (NYSE:FNM) then rent them for a year with month-to-month extensions. It is not predictable what the level of fraud [...]
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iStockAnalyst.com (Free subscription) | 11/05/2009
The situation in housing is taking a turn for the surreal. As of tomorrow, bankrupt Fannie Mae will offer deadbeat housing speculators, aka homeowners who bought at the market peak and now can't pay their mortgage, the option to live in their foreclosed upon home while renting it out on a month-to-month basis from the government. As the WSJ reports, "borrowers-turned-tenants will be able to sign...
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Market Watch (Free subscription) | 11/04/2009
NEW YORK (MarketWatch) -- People familiar with the plans say investor Warren Buffett's Berkshire Hathaway has teamed with Goldman Sachs in the investment bank's attempt to buy $3 billion of tax credits from taxpayer-owned mortgage firm Fannie Mae , The Wall Street Journal reported on Wednesday. The paper, citing an unnamed investor who had analyzed a similar possible investment, said a deal could...
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Market Watch (Free subscription) | 11/02/2009
LONDON (MarketWatch) -- Goldman Sachs is in talks to buy millions of dollars of tax credits from government-controlled mortgage giant Fannie Mae , but the deal is running into opposition from the U.S. Treasury, The Wall Street Journal reported Monday. A sale would bring much-needed financial support to Fannie Mae, but the administration is wary about approving a deal that would help Goldman reduce...
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PR News Wire (Free subscription) | 10/30/2009
WASHINGTON, Oct. 30 /PRNewswire-FirstCall/ -- Fannie Mae's (NYSE: FNM) September 2009 Monthly Summary is now available at www.fanniemae.com/ir/monthly. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.
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Market Wire (Free subscription) | 10/30/2009
WASHINGTON, DC (MARKET WIRE) The National Association of Realtors(R) thanked Congress for speedy action in passing a congressional resolution yesterday that would extend the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. The present loan limits would expire at the end of 2009 and revert to previous lower limits.
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PR News Wire (Free subscription) | 10/26/2009
DALLAS, Oct. 26 /PRNewswire/ -- If consumers question a credit account, it could cause them to be refused a mortgage loan even though they meet all other loan requirements, according to credit expert Eddie Johansson, president of Credit Security Group, a leading credit analysis and rescoring firm. Johansson suspects this is a result of confusion about how to interpret and implement a new policy by...
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l8in | 09/24/2008
Fannie Mae and Freddie Mac taken over by the US Government. The two companies combined accounts total more than $4 trillion. They hold the mortgages of HALF the homes in the USA. And they collapsed. No damaging boardroom battles here, though. Nationalisation, and by a right wing American Government at that. The US Treasury said, "Fannie Mae and Freddie Mac are so large and interwoven in our financial...
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shugaray | 09/22/2008
Democrats Want Homeowner Protection In Bail Out