iOS app Android app

Government Sponsored Entities

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...

Shahien Nasiripour

Fannie, Freddie Narrow Losses, But Want More Government Aid | Shahien Nasiripour | Posted 05.25.2011 | Business

NEW YORK -- Fannie Mae and Freddie Mac, the troubled mortgage giants taken over by the federal government, reported improved earnings last quarter as ...

Freddie Mac Posts A Loss Of Nearly $2 Billion

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last y...

Let's Not Lose Sight of Affordable Housing Goals When Reforming Housing Finance

Dory Rand | Posted 05.25.2011 | Business
Dory Rand

Debate is brewing about what shape our housing finance system should take in the years to come. But we need to ensure that the system that emerges meets the needs of low-wealth people.

Fannie, Freddie Taxpayer Tab Could Hit $169 Billion By Next year

Bloomberg | Lorraine Woellert | Posted 05.25.2011 | Business

Taxpayer aid to Fannie Mae and Freddie Mac will reach $224 billion by the end of 2012, of which $55 billion will be returned in dividends to the U.S. ...

Shahien Nasiripour

Obama Calls For End To Fannie Mae, Freddie Mac | Shahien Nasiripour | Posted 05.25.2011 | Business

NEW YORK -- The Obama administration outlined three options Friday to change the way home loans are financed, calling for the slow death of mortgage g...

When the Rich Get Risky: Inequality and Financial Crises

Ray Brescia | Posted 05.25.2011 | Politics
Ray Brescia

One of the most striking--and perhaps most underreported--aspects of the financial crisis is reflected in one economic indicator. The chart below tra...

George Soros: Fannie, Freddie Shouldn't Finance Mortgages, Bond Market Should Lend Directly To Homeowners

GEORGE SOROS | Posted 05.25.2011 | Business

With the private sector largely incapacitated, the GSEs and FHA became virtually the only source of mortgage financing. This is a paradoxical situatio...

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...

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...

Fannie, Freddie Execs' Multi-Million Dollar Salaries REVEALED

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Federal regulators plan to disclose Thursday that the top executives of government-controlled mortgage finance companies Fannie Mae...

Matt Taibbi: Fannie, Freddie, and the New Red and Blue

True/Slant | Matt Taibbi | Posted 05.25.2011 | Business

This GSE story is a big one, but if it gets used as a path back to a "The Market Reacted Rationally" version of history, we're screwed. It has to be l...

Fannie, Freddie Stock Prices Soar On Announcement Of Government's Blank Check Support

Posted 05.25.2011 | Business

Call it a Christmas gift for the mortgage giants. Shares of Fannie Mae and Freddie Mac were up big yesterday on the Treasury Department's Christmas...

Fannie, Freddie Still Struggling A Year After Takeover

AP | By ALAN ZIBEL | Posted 05.25.2011 | Business


Fannie's Lesson: The Real Scandals Are Legal

Dick Meyer | Posted 05.25.2011 | Business
Dick Meyer

The government is putting taxpayer funds at risk to stabilize Fannie Mae -- another episode in a long-running legal scandal. There are no hookers, embezzlers and slush funds. Just laws, lobbyists and pay packages.