Fannie Mae Freddie Mac Bailout

Edward DeMarco: The Ideologue Who's Holding Homeowners -- and the Economy -- Hostage

Richard (RJ) Eskow | Posted 04.15.2012

Read More: Fannie Mae, Edward Demarco, Fannie Mae Freddie Mac Bailout, Freddie Mac, Edward-Demarco-Fannie-Freddie-Bonuses, Edward DeMarco Homeowners, Politics News

Why is Edward DeMarco still in this important post? We need leaders to solve our housing problem. Instead, this responsibility has been left in the hands of an ideologue whose deregulatory dream world is made up of nothing but rainbows.

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Mitt Romney: I Don't Know If My Own Ad Is True Or Not

HuffingtonPost.com | Jon Ward | Posted 01.26.2012

Read More: GOP Debate, Lobbying, Florida GOP Debate, Mitt Romney, Elections 2012, Fannie Mae, Republican Debate, Politics, Video, Freddie Mac, Newt Gingrich 2012, 2012 Election, Mitt Romney 2012, Fannie Mae Freddie Mac Bailout, Newt Gingrich, Wolf Blitzer, Politics News

Mitt Romney told CNN's Wolf Blitzer he had not seen an ad -- it is a radio ad -- charging that Newt Gingrich called Spanish "the language of ghetto" d...

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Freddie and Fannie -- Has Everyone Gone Postal?

Adam Levin | Posted 11.07.2011

Read More: Ubs, Mortgages, Fannie Mae Bailout, Adam Levin, Subprime Mortgages, U.S. Postal Service, Freddie Mac, Bailout, Postal Service, Usps, Mortgage Crisis, Fannie Mae, Aig, Fannie Mae Freddie Mac Bailout, Bank Bailout, Business News

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.

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Letters For Sale: A Plan To Fix The Foreclosure Crisis

HuffingtonPost.com | Howard Fineman | Posted 08.14.2011

Read More: Indiana Foreclosure, Fannie Mae, Foreclosure, Foreclosure Crisis, Fannie Mae Freddie Mac Bailout, Obama Letter, President Obama, Politics News

Destiny Mathis, a 26-year-old single mother of three, is thinking of selling a handwritten letter she got from President Obama to get the cash she needs to avoid being evicted from her apartment. Sounds like Obama should start churning out more letters.

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Fannie, Freddie Reform Will 'Turn Us Into A Nation Of Renters,' Group Says

The Huffington Post | Lila Shapiro | Posted 05.25.2011

Read More: Foreclosure Crisis, Housing Double Dip, Freddie Mac, Housing, Economy, Economic Crisis, Mortgage Crisis, Business News, Fannie Mae, Financial Crisis, Foreclosure, Fannie Mae Freddie Mac Bailout, Housing Crisis, Business News

Republicans and Democrats both agree that the government's mortgage giants Fannie Mae and Freddie Mac can't continue in their current form, but variou...

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Mortgage Giants Leave Legal Bills To The Taxpayers

New York Times | Posted 05.25.2011

Read More: Freddie Mac, Leanna Spencer, Freddie Mac Bailout, Franklin Raines, Mortgages, Mortgage Crisis, Fannie Mae, Fannie Mae Freddie Mac Bailout, Timothy Howard, Financial Bailout, Fannie Mae Legal Bills, Mortgage Bailout, Fannie Mae Bailout, Business News

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

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The Real Reason Fannie and Freddie Lost So Much Money

David Fiderer | Posted 05.25.2011

Read More: Interest Rates, Fraud, Subprime Mortgages, Predatory Lending, Freddie Mac, Alt-a Loans, Mortgage Crisis, Fannie Mae, Alan Greenspan, Fannie Mae Freddie Mac Bailout, Fhfa, Business News

How did Fannie and Freddie lose so much money? There are many reasons, but the two most important are not products for low-income borrowers. They are products that invite fraud.

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Wall Street's Fatal Defect

Mark Sunshine | Posted 05.25.2011

Read More: Mortgage Crisis, Fannie Mae Freddie Mac Bailout, Subprime Mortgages, Congressional Oversight Panel, Bonds, Subprime Mortgage Crisis, Mortgage Backed Bonds, Business News

According to the Congressional Oversight Panel, many private label mortgage backed bonds have a fatal defect that Wall Street is downplaying: many mortgage backed bonds may not be backed by mortgages.

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FHA: Banks Should Share Fannie, Freddie Bailout Costs

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Federal Housing Administration, Fha, Freddie Mac, Fannie Freddie, Banks Fannie Freddie, Fannie Mae, Banks, Fannie Mae Freddie Mac Bailout, FHA Fannie Freddie, Business News

WASHINGTON — The nation's largest banks have an obligation to pay some of the cost for bailing out mortgage buyers Fannie Mae and Freddie Mac be...

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Fannie Mae Must Stop Bankrolling Lawsuits Against Underwater Homeowners with Our Money

Rep. John Conyers | Posted 05.25.2011

Read More: Rep Mike Honda, John Conyers, Raul Grijalva, Steve Cohen, Marcy Kaptur, Mortgage Crisis, Fannie Mae, Foreclosure, Fannie Mae Freddie Mac Bailout, Housing Crisis, Barbara Lee, Zoe Lofgren, Third World America, Politics News

What do the American people get for investing $86 billion and owning an 80 percent share in Fannie Mae? Have many millions of homeowners who are delinquent on their Fannie mortgages been helped?

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Mortgage Failure: Who Should REALLY Pay?

nytimes.com | FLOYD NORRIS | Posted 05.25.2011

If nobody does their job right, and disaster ensues, who should pay for the sins of all? That is the predicament now confronting the mortgage industr...

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Fannie Mae: Home Prices To Decline Into Next Year

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Home Prices, Great Recession, Double-Dip Recession, Financial Crisis, Fannie Mae, Foreclosure, Fannie Mae Freddie Mac Bailout, Business News

Home prices will decline into next year, Fannie Mae said Thursday, reversing earlier projections that the housing market would stabilize this year. ...

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Countrywide VIP Gave Fannie Mae "Sweetheart Deals"

AP | LARRY MARGASAK | Posted 05.25.2011

Read More: Mortgages, Freddie Mac, Subprime Mortgages, Countrywide VIP Program, Jim Johnson, Franklin Raines, Countrywide Financial, Subprime Mortgage Crisis, VIP Mortgages, Daniel Mudd, Fannie Mae, Fannie Mae Freddie Mac Bailout, Jamie Gorelick, Mortgage Discounts, Housing Crisis, Business News

WASHINGTON — The former Countrywide Financial Corp. gave preferential loans to more than three dozen employees of Fannie Mae while the two giant...

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Whither Fannie and Freddie?

Laurence J. Kotlikoff | Posted 05.25.2011

Read More: Freddie Mac, Jimmy Stewart Is Dead, Economy, Financial Reform, Fannie Mae, Global Financial Crisis, Fannie Mae Freddie Mac Bailout, Financial Regulation, Business News

Frannie and Freddie are here to connect lenders and borrowers. They aren't here to borrow money, promise to repay, and then make mortgages that are hi...

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Don't Blame the Dream of Home Ownership

Robert Kuttner | Posted 05.25.2011

Read More: Community Reinvestment Act, Fannie Mae Freddie Mac Bailout, Joe Nocera, Subprime Mortgages, Fnma, Politics News

Here is a fable that is making the rounds. It is a collection of half-truths and outright lies: The financial meltdown was the result of too many people pursuing the American Dream of home ownership.

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Gretchen Morgenson: Banks Bilking Taxpayers By Refusing To Buy Back Toxic Loans They Sold To Fannie And Freddie

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011

Read More: Gretchen Morgenson, Freddie Mac, Fannie Mae Freddie Mac Banks, Gretchen Morgenson Banks, Toxic Assets, Fannie Mae, Fannie Mae Freddie Mac Bailout, Business News

From the earliest days of the credit crisis, the nation's big financial institutions have been less than forthcoming about ballooning loan losses buri...

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

GEORGE SOROS | Posted 05.25.2011

Read More: Federal Housing Administration, Mortgages, Fha, George Soros, Freddie Mac, Mortgage Crisis, Fannie Mae Freddie Mac Bailout, Fannie Mae, Gses, Government-Sponsored-Entities, Business News

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

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Obama Admin Too Busy To Deal With Fannie, Freddie, Says Assistant Treasury Secretary

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011

Read More: Treasury Department, Freddie Mac, Mortgage Crisis, Financial Crisis, Obama Administration, Fannie Mae, Fannie Mae Freddie Mac Bailout, Gses, Freddie Mac Takeover, Michael Barr, Government-Sponsored-Entities, Fannie Mae Takeover, Business News

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

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Barney Frank: Fannie, Freddie questions safety of Fannie Mae, Freddie Mac investments

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011

Read More: Fannie Mae, Fannie Mae Freddie Mac Bailout, Freddie Mac, Bailout, Economy, Barney Frank, Business News

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

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

CHARLES DUHIGG | Posted 05.25.2011

Read More: Obama Budget 2010, Freddie Mac, Economy, Mortgage Crisis, Fannie Mae, Obama Budget, Fannie Mae Freddie Mac Bailout, Recession, Business News

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

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10 Questions The Financial Crisis Commission Must Ask

Eliot Spitzer | Posted 05.25.2011

Read More: Financial Crisis Commission, Fannie Mae, Fcic, Freddie Mac, Fannie Mae Freddie Mac Bailout, Pecora Commission, Business News

The FCIC should enlist the financial industry as its research assistants. The industry should jump at the chance. The only way to reduce the frequency and damage of future crises is to find out what caused this one.

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U.S. Treasury Strikes On Christmas Eve: Unlimited Taxpayer Support For Fannie Mae And Freddie Mac

Sheldon Filger | Posted 05.25.2011

Read More: U.S. Treasury, Fannie Mae, Timothy Geithner, Freddie Mac, Fannie Mae Freddie Mac Bailout, Business News

If, as Treasury originally claimed, $400 billion was more than sufficient to guarantee the security of Fannie and Freddie, why sneak in a new taxpayer commitment when nobody's looking?

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Administration Increases Fannie/Freddie Support

AP | J.W. ELPHINSTONE | Posted 05.25.2011

Read More: Treasury Department, Freddie Mac, Fannie Freddie, Bailout, Economy, Economic Crisis, Banks, Financial Crisis, Fannie Mae, Obama Administration, Fannie Mae Freddie Mac Bailout, Business News

NEW YORK — The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thurs...

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Skewed Recovery

Max Fraad Wolff | Posted 05.25.2011

Read More: Debt, Fed, Economy, Economic Crisis, Mortgage Crisis, Financial Crisis, Fannie Mae, Economic Recovery, Fannie Mae Freddie Mac Bailout, Business News

Angry masses see the recession as purely financial. This is false. Policy makers have rushed to address the financial crisis. This is near sighted. We have addressed one of our afflictions and left the greater economic problems under-appreciated and unaddressed.

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Landmark Decision Promises Massive Relief for Homeowners and Trouble for Banks

Ellen Brown | Posted 05.25.2011

Read More: Goldman Sachs, Wall Street Bailout, Treasury Secretary Henry Paulson, Fannie Mae Freddie Mac Bailout, Cdo, Home Foreclosures, Mers, Business News

60 million mortgages with fatal defects in title could give aggrieved homeowners and securities holders the crowbar they need to exert some serious leverage on Congress.

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