2009 Ultimate Guide to Fannie Mae and Freddie Mac, Government Sponsored Enterprises (GSEs) - Treasury and Federal Housing Finance Agency Rescue Program, Credit Crisis and Wall Street Meltdown (CD-ROM)
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.
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...
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.
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 [...]
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...
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...
The Street (Free subscription) | 11/04/2009
Warren Buffett's Berkshire Hathaway has joined Goldman Sachs' bid to buy $3 billion in tax credits from government-owned mortgage giant Fannie Mae, according to a report.
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...
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.
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.
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...
SeekingAlpha.com (Free subscription) | 10/23/2009
There is not much liquidity for commercial mortgages in the retail, office or hospitality sectors of the commercial real estate industry, but there’s plenty of capital available for multi-family (apartment) buildings. The good news is that the government is lending massive amounts of money against apartment properties; the bad news is that no one else is. Virtually all the institutional loans...
SeekingAlpha.com (Free subscription) | 10/23/2009
Edward Harrison submits: In August, the Kansas Supreme Court issued a ruling against a mortgage tracking service which may prove very costly to banks in foreclosure, leading to massive writedowns. It could be a life saver for many trapped in the foreclosure process. The case goes to the core of the functioning of massive markets in securitization and derivatives and has wide-ranging importance. The...
CARPE DIEM (Free subscription) | 10/22/2009
From the article " Yes, The CRA Is Toxic: So Why is Congress Thinking About Expanding It? " by Edward Pinto, who was the chief credit officer at Fannie Mae in the 1980s. There is no question that as the government pursued affordable-housing goals—with the Community Reinvestment Act providing approximately half of Fannie’s and Freddie’s affordable-housing purchases—trillions...
iStockAnalyst.com (Free subscription) | 10/19/2009
According to Bose George analyst at Keefe, Bruyette & Woods, the two government sponsored entities that buy mortgages from banks have zero value to common shareholders. KBW downgraded the shares to Underperform and lowered the price target to zero from $1. The primary concern is that the mortgage giants have been bailed by the government to the tune of nearly $100 billion, and according to George...
The 3 latest articles published by users on Fannie Mae :
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...
shugaray | 09/22/2008
Democrats Want Homeowner Protection In Bail Out
shugaray | 09/20/2008
John McCain Interjects Race Into Attack Ad
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