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Fannie Mae Freddie Mac Bailout

Debt Collectors Harass Americans Even After They've Lost Their Homes

Reuters | Posted 12.14.2014 | Business

(Repeating to additional subscribers) By Michelle Conlin NEW YORK, Oct 14 (Reuters) - Many thousands of Americans who l...

Firm Seeks To Buy Parts Of Fannie And Freddie

Reuters | Posted 01.23.2014 | Business

Nov 13 (Reuters) - Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac, a move that seeks to res...

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...

Why Closing Down Fannie And Freddie May Be Bad For Homebuyers

AP | ANDREW MIGA | Posted 08.07.2013 | Business

WASHINGTON -- Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled ...

Commodities Are Different (in a "Full World"): Part 3

John Fullerton | Posted 09.29.2013 | Business
John Fullerton

Commodity market manipulation is fundamentally different and far more dangerous than the garden-variety manipulation of financial markets such as in single stock pump and dump schemes, or even the brazen manipulation of LIBOR. Nobody eats LIBOR.

GOP House Panel Passes Bill Liquidating Agencies

Reuters | Posted 09.23.2013 | Politics

(Fixes to upper case letter in lead paragraph) By Margaret Chadbourn WASHINGTON, July 24 (Reuters) - A Republican-sponso...

Saving Fannie and Freddie -- Part II

Harlan Green | Posted 07.11.2013 | Business
Harlan Green

The FHFA just announced that it will no longer allow Fannie and Freddie to purchase or guarantee so-called "non-qualified" mortgages with more than 30 years amortization or that have interest only payments, among other restrictions.

This Company's Record Profits Might Make You Sick

AP | MARCY GORDON | Posted 06.02.2013 | Business

WASHINGTON — Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market's revival: Fan...

Taxpayer-Backed Lender Didn't Help Struggling Homeowners Because It Would Hurt Their Profits

ProPublica | Posted 10.25.2012 | Business

By Jessie Eisinger ProPublica Freddie Mac, the taxpayer-owned mortgage giant, made it harder for millions of Americans to refinance their high-i...

Land Grab by Big Banks and Big Investors Is Deal Made in Hell

Karen Hinton | Posted 12.05.2012 | Business
Karen Hinton

Take news about rising bank profits and combine it with reports about land grabs by private equity firms, and you've got a deal made in hell. You can bet working schmucks like you and me won't be invited to the closing party.

Below the Fold: Ed DeMarco Should Do His Job -- It's a Matter of Principal

Richard Zombeck | Posted 10.02.2012 | Business
Richard Zombeck

Acting Federal Housing Finance Agency (FHFA) Director Ed DeMarco has not been shy about letting underwater homeowners sink. This week, he made it painfully clear that despite the Administration calling for principal reduction, he would have no part of it.

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

Richard (RJ) Eskow | Posted 04.15.2012 | Politics
Richard (RJ) Eskow

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.

Jon Ward

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

HuffingtonPost.com | Jon Ward | Posted 01.26.2012 | Politics

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...

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.

Howard Fineman

Letters For Sale: A Plan To Fix The Foreclosure Crisis

HuffingtonPost.com | Howard Fineman | Posted 08.14.2011 | Politics

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.

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

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

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...

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 Real Reason Fannie and Freddie Lost So Much Money

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

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.

Wall Street's Fatal Defect

Mark Sunshine | Posted 05.25.2011 | Business
Mark Sunshine

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.

FHA: Banks Should Share Fannie, Freddie Bailout Costs

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

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...

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

Rep. John Conyers | Posted 05.25.2011 | Politics
Rep. John Conyers

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?

Mortgage Failure: Who Should REALLY Pay?

nytimes.com | FLOYD NORRIS | Posted 05.25.2011 | Business

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...

Shahien Nasiripour

Fannie Mae: Home Prices To Decline Into Next Year

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Countrywide VIP Gave Fannie Mae "Sweetheart Deals"

AP | LARRY MARGASAK | Posted 05.25.2011 | Business

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

Whither Fannie and Freddie?

Laurence J. Kotlikoff | Posted 05.25.2011 | Business
Laurence J. Kotlikoff

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...