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Fannie Mae News

News on Fannie Mae continually updated from thousands of sources around the net.

20 hrs ago | SF Gate

Legitimized leasebacks picking up momentum

Once it seemed like a radical idea: Let delinquent borrowers stay in their homes as renters after foreclosure.

Comment?

Related Topix: Foreclosures, Financial Services, Home, Mortgage, Personal Finance, US Politics, US News, US House of Representatives, Barney Frank, Democrat, Business News

Tuesday | Myrtle Beach Online

Housing plan helps 20 pct in Calif, Nev., Ariz.

The Obama administration's plan to combat the foreclosure crisis has reached about 20 percent of troubled homeowners in the states most affected by the housing meltdown, according to data being released Tuesday.

Comment?

Related Topix: Foreclosures, US News, US Treasury, Home, Mortgage, Personal Finance, Financial Services, Entertainment

Tuesday | Boston Globe

Fannie Mae studies write-down

Fannie Mae is reviewing whether it will have to write down $5.2 billion in low-income housing tax credits after the US Treasury rejected its request to sell the investments, the mortgage-finance company said yesterday.

Comment?

Related Topix: Financial Services, Home, Mortgage, Personal Finance, Investment Banking, Investment Services, Goldman Sachs Group, Arlington, VA

Mon Nov 09, 2009

ABC News

Fannie Mae Tax Credit Decision Could Cost $5.2 Bln

Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.

Comment?

Related Topix: Financial Services, Home, Mortgage, Personal Finance, Investment Banking, Goldman Sachs Group, Investment Services

Seeking Alpha

Accounting for Losses at BofA and Fannie

Via Yves Smith , John Hempton analyzes the quarterly results of Bank of America and Fannie Mae .

Comment?

Related Topix: Financial Services, Bank of America, Banking

Sun Nov 08, 2009

Moonbattery

$15 Billion More Down the Fannie Mae Hole?

Embattled mortgage lender Fannie Mae said Thursday after posting a third-quarter net loss that it has asked the U.S. Treasury Department for an additional $15 billion in assistance by the end of the year.

Comment?

Related Topix: Financial Services, Mortgage, Personal Finance

Sat Nov 07, 2009

TownHall.com

Freddie Mac posts $5 billion loss

Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.

Comment?

Related Topix: Freddie Mac, Financial Services, Home, Mortgage, Personal Finance

Fri Nov 06, 2009

AmericanBankingNews.com

Fannie Mae (NYSE: FNM) Posts Third-Quarter Loss, Requests $15 Billion In Aid

Fannie Mae announced Thursday evening it lost $18.9 billion in the third quarter as the number of delinquent loans it holds continues to surge.

Comment?

Related Topix: Financial Services, Home, Mortgage, Personal Finance

TheNewsTribune.com

Program substitutes renting for foreclosure

WASHINGTON Can't pay the mortgage? You still might be able to stay in your home.

Comment?

Related Topix: Foreclosures, Home, Mortgage, Personal Finance, Financial Services, Business News

Bloomberg

Fannie Mae Seeking $15 Billion, Permission to Sell Tax Credits After Loss

Fannie Mae , the mortgage-finance company under federal control, said it will seek $15 billion in U.S. Treasury aid and sell $2.6 billion in unused tax credits after posting its ninth straight quarterly loss.

Comment?

Related Topix: Financial Services, Home, Mortgage, Personal Finance, Investment Banking, Goldman Sachs Group, Investment Services, Foreclosures

Thu Nov 05, 2009

KXMB-TV Bismarck

Fannie Mae seeks $15 bln in US aid after 3Q loss

Eds: APNewsNow. Will be led. Moving on general news and financial services. By ALAN ZIBEL AP Real Estate Writer WASHINGTON Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as taxpayers' bill from the housing market bust keeps getting bigger.

Comment?

Related Topix: Financial Services, Home, Mortgage, Personal Finance

Canada.com

U.S. offers help with mortgage payments

As the weakening economy threatens to push millions more Americans into foreclosure, the U.S. government is dramatically stepping up efforts to keep homeowners from defaulting by making their monthly mortgage payments more affordable.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Financial Services

Wed Nov 04, 2009

Guardian Unlimited

Fed again pledges to hold rates at record-lows - AP

A A A' With the recession apparently over, the Federal Reserve held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.

Comment?

Related Topix: Financial Services, Ben Bernanke, Home, Mortgage, Personal Finance

Housing Wire

Fannie Raises Lendersa Net Worth Requirement Ten-Fold

Fannie Mae updated its eligibility requirements for lenders wanting to sell and service residential first mortgages, according to the new selling guide released Friday.

Comment?

Related Topix: Financial Services, Personal Finance, Mortgage

Tue Nov 03, 2009

Forbes Autos

You Can Believe Insurers

Life insurance companies say they'll lose nothing on mortgage holdings. They may be right.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Financial Services, Insurance, MetLife, Financial Markets, Autos

The Motley Fool

Goldman Sachs vs. the Tax Man

I don't consider myself a Goldman Sachs conspiracy theorist, but I know there are legions of them out there, and I understand where they're coming from.

Comment?

Related Topix: Financial Services, Goldman Sachs Group, Investment Banking, Investment Services

Mon Nov 02, 2009

Bloomberg Business News

Fed's Mortgage Purchases Send Investors to Corporate Notes, Riskier Issues

The Federal Reservea s purchases of U.S. home-loan bonds with government backing has pushed investors out of the securities and into debt including corporate notes and riskier mortgage assets, helping ease credit more broadly, JPMorgan Chase & Co.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Financial Markets, Banking, JP Morgan Chase , Financial Services

Sun Nov 01, 2009

Town Hall

Goldman in talks to buy Fannie tax...

Goldman Sachs Group Inc is in talks to buy millions of dollars of tax credits from Fannie Mae , but the U.S. Treasury could block the deal, The Wall Street Journal reported on Sunday.

Comment?

Related Topix: Investment Banking, Financial Services, Goldman Sachs Group, Investment Services

Sat Oct 31, 2009

Los Angeles Times

Home valuation code could soon undergo major revamp

Reporting from Washington - Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac in May -- and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers -- be on its way out? It just might be.

Comment?

Related Topix: Home, Mortgage, Financial Services, Personal Finance, Housing, Real Estate

Housing Wire

Appropriations Resolution Extends Jumbo Conforming Limit

Appropriations committees in the House and Senate are proposing to extend the temporary limits for conforming jumbo loans either insured by the Federal Housing Administration or purchased by the government-sponsored enterprises Freddie Mac and Fannie Mae .

Comment?

Related Topix: Financial Services, Freddie Mac, Home, Mortgage, Personal Finance, US News, US Senate, Daniel Inouye, Democrat, US Politics, US House of Representatives, David Obey

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