iOS app Android app

Fannie Mae

Freddie Mac and Fannie Mae Must Marry, Shrink and Change

Jerry Chautin | Posted 05.25.2011 | Politics
Jerry Chautin

But the time is right to merge Fannie Mae and Freddie Mac and form three separate companies. That is the best way to lead the GSEs out of federal conservatorship and repay the taxpayers.

Fannie Mae Seeks $8.4 Billion U.S. Government Aid After 1Q Loss

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Fannie Mae has again asked taxpayers for more money – this time $8.4 billion – after reporting another steep loss for t...

Obama Admin Too Busy To Deal With Fannie, Freddie, Says Assistant Treasury Secretary | Zachary A. Goldfarb | Posted 05.25.2011 | Business

The Washington Post reports that according to Michael Barr, the assistant Treasury secretary for financial institutions, the Treasury Department has b...

Reality Check for Bank Investors, Mortgage Investors and Home Buyers

Reggie Middleton | Posted 05.25.2011 | Business
Reggie Middleton

Last week I posted a Bloomberg news article supporting my suspicions that investors are putting bad loans back to the banks at an increasing rate. I...

Bailout Now $315 Billion in the Red

ProPublica | Posted 05.25.2011 | Business

Fannie Mae received another $15 billion of government money in February, bringing the current taxpayer exposure to the bailout to $315 billion.

Barney Frank: Fannie, Freddie questions safety of Fannie Mae, Freddie Mac investments | Zachary A. Goldfarb | Posted 05.25.2011 | Business

Barney Frank, the Washington Post reports, "has unexpectedly called into question the safety of investing in Fannie Mae and Freddie Mac, raising the s...

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...

Freddie Mac 4Q Results: Freddie Mac Posts $7.8 Billion Loss

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Freddie Mac lost almost $26 billion last year, ominous news for taxpayers who are footing the bill to rescue the mortgage finance c...

Shahien Nasiripour

Paul Volcker Says Mortgage Market Will 'Have To Be Reconstructed' (VIDEO) | Shahien Nasiripour | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Paul Volcker said the nation's home mortgage market is in trouble and will have to be "reconstructed." "It's totall...

Burning Down the House

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Foreclosure breeds foreclosure. This is sometimes called the contagion effect. As home values fall and homes fall into disrepair, today's foreclosures inextricably set up those which will occur tomorrow.

The Smartest Things Said In The Financial Blogosphere: Feb. 18

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Each weekday, we'll be scouring the financial blogosphere for the best bits of wisdom from financial insiders, analysts and economists. Check back eve...

U.S. Housing Market: Fed Counting On Foreign Governments To Fund The Housing Market | Howard Schneider | Posted 05.25.2011 | Business

Senior officials in the Obama administration and at the Fed say they are counting in part on foreigners to keep the housing market funded. ...

Mortgage Rate Forecasts: Rates Likely To Rise Once Fed Stops Buying Mortgage-Backed Securities | Posted 05.25.2011 | Business

From Carolyn Said at the San Francisco Chronicle: Mortgage rates poised to jump as Fed cuts funds....

Hank Paulson's Memoir misses about his own responsibility for the global meltdown.

Slate Magazine | Daniel Gross | Posted 05.25.2011 | Business

Investment bankers are among the least reflective of financial birds. They deal with the problem at hand without asking too many questions about how i...

Fannie Mae, Freddie Mac Will Buy Back Delinquent Home Loans

AP | Posted 05.25.2011 | Business

WASHINGTON — Government controlled mortgage finance companies Fannie Mae and Freddie Mac said Wednesday they will buy back troubled loans contai...

Fannie, Freddie: Still 'No Exit' For Government's Investments In Troubled Housing Giants

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Seventeen months and $110 billion later, the U.S. government's enormous investment in Fannie Mae and Freddie Mac has turned the two firms into semi-pe...

Eurogate -- The New Fannie, Freddie and AIG

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

We enter a new currency melee which gives "Beware the Greeks" new meaning. Greece is only the beginning of a new Euro Plague, whose value will be drubbed by a complete failure to supervise members.

Fannie, Freddie: Obama Budget Mum On GSEs, Whose Future Remains Uncertain

CHARLES DUHIGG | Posted 05.25.2011 | Business

Fifteen months after Fannie and Freddie were effectively nationalized, neither the Obama administration nor Congressional leaders see a quick solution...

Shahien Nasiripour

Barney Frank: Abolish Fannie and Freddie | Shahien Nasiripour | Posted 05.25.2011 | Business

House Democrat Barney Frank vowed on Friday to get rid of mortgage giants Fannie Mae and Freddie Mac as part of an overhaul of the country's taxpayer-...

Washington's Bipartisan Betrayal: The 2015 Global Financial Crisis

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

The economy did not just have a heart attack; we are suffering from financial appendicitis. Instead of doing the necessary surgery, Congress is prescribing potent addictive painkillers.

Board Members Who Skated Away From Financial Failure, Responsibility

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

Directors who were supposedly minding the store as disaster struck at companies like Countrywide Financial, Washington Mutual or Fannie Mae have not a...

Fannie, Freddie, GMAC And AIG: Biggest Mortgage Backers Look Like 'Long-Term Wards Of The State'

MARY WILLIAMS WALSH | Posted 05.25.2011 | Business

Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial ...

Why All The Hate Towards Goldman Sachs?

James Altucher | Posted 05.25.2011 | Business
James Altucher

I get it. People are angry at Goldman Sachs. But anger, particularly when misplaced, is not going to bring the economy back. Instead, how about we focus on making some money? Let's buy some stocks and enjoy the holidays.

Ryan Grim

Fannie and Freddie Fire Their Own Inspector General | Ryan Grim | Posted 05.25.2011 | Politics

There is no independent auditor overseeing the federal agency responsible for some $6 trillion in home mortgages, because the Department of Justice's ...

Divergence, of Course

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Despite the excitement over the stock markets, credit markets remain ground zero. They are where defaults destroy fortunes but they are also crucial to US industrial growth.