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Fannie Mae Bailout

Fannie Mae Pays Off U.S. Government Bailout

AP | Posted 04.23.2014 | Business

WASHINGTON (AP) — Fannie Mae posted net income of $6.5 billion from October through December, its eighth straight profitable quarter. Fannie will ha...

Fannie Mae Posts $10.1 Billion Profit

AP | Posted 10.08.2013 | Business

WASHINGTON — Mortgage giant Fannie Mae earned $10.1 billion in the second quarter, aided by the recovery in the housing market. The government-c...

Freddie and Fannie -- Has Everyone Gone Postal?

Adam Levin | Posted 11.07.2011 | Business
Adam Levin

Between Freddie and Fannie's latest woes and the United States Postal Service teetering on collapse, it's been a bad week or so for quasi-governmental agencies.

Fannie Mae Posts Huge Loss, Requests Billions In Fed Aid

AP | By The Associated Press | Posted 07.06.2011 | Business

WASHINGTON -- Mortgage buyer Fannie Mae reported a loss of $8.7 billion for the January-March quarter, and asked for an additional $8.5 billion in fed...

Mortgage Giants Leave Legal Bills To The Taxpayers

New York Times | Posted 05.25.2011 | Business

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and th...

The Biggest Financial Bailout of Them All

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

Fannie Mae was actually hiding the vast majority of its worst performing mortgages off-book. Just how much is the taxpayer is on the hook for?

Fannie Mae 4Q

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage fi...

Fannie Mae Retention Bonuses: 4 Top Executives Each Get $1M

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Fannie Mae plans to pay retention bonuses of at least $1 million to four key executives as part of a plan to keep hundreds of emplo...

Fannie and Freddie Will Likely Never Return To Private Hands

New York Times | CHARLES DUHIGG | Posted 05.25.2011 | Business

Despite assurances that the takeover of Fannie Mae and Freddie Mac would be temporary, the giant mortgage companies will most likely never fully retur...

Report: Fannie, Freddie Execs Were Warned Of Loan Problems Years Ago

Washington Post | Zachary A. Goldfarb | Posted 05.25.2011 | Business

Internal Freddie Mac documents show that senior executives at the company were warned years ago that they were offering mortgages that could pose dang...

Solution to Economy Depends on Refinanced Mortgages, HOME Act

Rep. Dennis Cardoza | Posted 05.25.2011 | Politics
Rep. Dennis Cardoza

American families are losing their homes and I know this problem all too well. It began in my own backyard in California's Central Valley, which has been coined "ground zero" of the housing crisis.

Fannie, Freddie Testimony: Who's To Blame For Lowered Standards?

AP | ALAN ZIBEL | Posted 05.25.2011 | Home

WASHINGTON — Three months after the government seized control of Fannie Mae and Freddie Mac, lawmakers on Tuesday blamed former top executives a...

Fannie, Freddie Bailout Yet To Achieve Goals

Washington Post | Posted 05.25.2011 | Business

Almost two months ago, the government sought to revive the nation's ailing mortgage sector by seizing Fannie Mae and Freddie Mac and pumping money int...

We, The People, Should Run Freddie Mac and Fannie Mae

Jonathan Tasini | Posted 05.25.2011 | Business
Jonathan Tasini

Since we are now on the hook for hundreds of billions of dollars to bail out Freddie Mac and Fannie Mae the management of those two institutions should now be handed over to the public.

Stuff Happens: The Mortgage Bailout and the Federal Budget

Scott Bittle and Jean Johnson | Posted 05.25.2011 | Business
Scott Bittle and Jean Johnson

Rather than facing a $200 billion deficit to do something really important, the U.S. is now heading toward a whopping $10 trillion dollar debt.

The Future of Fannie and Freddie

David M. Abromowitz | Posted 05.25.2011 | Business
David M. Abromowitz

The dramatic semi-nationalization of America's primary home mortgage companies is justified under the circumstances given that nearly 1 in 10 home mortgage borrowers today are in trouble.

Fannie/Freddie Fallout: The US' Financing Bill is Coming Due

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

One of the largest financial decisions of the last 100 years -- the decision to essentially nationalize elements of the mortgage market -- was driven by outside (non-US) investors.

NEW YORK TIMES EDITORIAL MISSES THE MARK

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

Today's (September 9) editorial in The New York Times, titled "The Bailout's Big Lessons" claims that one of the reasons the government had to act to ...

Freddie and Fannie Bail-Out: Our Foreign Masters Have Spoken

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

Nervous people all over the globe are what is driving this -- at least partially. And that should scare everyone. We are no longer in complete control of our sovereignty.

Little Orphan Fannie

Robert Kuttner | Posted 05.25.2011 | Home
Robert Kuttner

Here is the cycle: government invents something virtuous. The private market takes it over, loses hundreds of billions. Government then bails it out. Surely there is an Obama teachable moment here.

Mrs. Palin Has No Clue "who" Freddie and Fannie Are

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Mrs. Palin may be relatively bright but she hasn't even a passing knowledge about the underpinnings of the financial or global capitalist system.

An Argument for Giving Every American Their Own Shares in Fannie and Freddie

Adam Hanft | Posted 05.25.2011 | Business
Adam Hanft

With the bailout of Fannie and Freddie you and every taxpayer are proud owners of your very own piece of the subprime mortgage catastrophe.

The Fannie/Freddie Bail-Out: The Plan and Why Now?

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

Fannie and Freddie will grow a bit and then become far more manageable from a size perspective. This is a very sound policy, if only to prevent a bail-out of mammoth proportions from having to occur again.

Fannie and Freddie Bail-Out: How We Got Here and The Plan To Get Us Out

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

This post offers: 1) A brief explanation of what Fannie Mae and Freddie Mac do and why they are so important; 2) Why they are in trouble; 3) And overview of the government's plan.

Government Plans Takeover Of Fannie Mae, Freddie Mac

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect...