Fannie Mae News

“The problem of moral hazard can perhaps be most effectively addressed by prudential supervision and regulation that ensures that financial institutions manage their liquidity risks effectively in advance of the crisis”

Posted: Today at 8:22 a.m. Updated: 34 minutes ago WASHINGTON - Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday. via Wral.com

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“Any subsequent application may require a new appraisal”

A major legal brawl is breaking out over how homes are appraised, at what cost, and by whom. via HeraldTribune.com

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“Things in the housing and credit markets are deteriorating very fast, and this will not be the last capital raising this year.”

FANNIE Mae, the largest United States mortgage-finance company, reported a wider loss than analysts estimated, cut its dividend and said it will raise US$6 billion in capital as the worst housing slump since ... via Shanghai Daily

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The House on Thursday approved an ambitious plan to rescue hundreds of thousands of homeowners at risk of foreclosure.The plan would help them trade exotic loans with rapidly rising monthly payments for more ... via KansasCity.com

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Cost basis is the cost at which you entered a position or purchased an asset. It is the total price you paid for, say, your house, a stock, mutual fund, etc...--and by total we mean including all commissions, ... via Fox News

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Wall Street sent stock prices higher after a tentative start. Some early declines were prompted by the spike in oil prices to nearly $123 a barrel during the trading day. via KESQ

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FNM / FRE Tuesday's earnings report from government sponsored Fannie Mae should cause investors to question whether the very entity charged with saving the real estate market will actually need to be rescued ... via Seeking Alpha

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Stocks that are moving substantially or trading heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE UBS AG, down 15 cents at $34.16 Switzerland's biggest bank posted a nearly $11 ... via San Jose Mercury News

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The steep slide in home prices is accelerating the pace of foreclosures, Fannie Mae said Tuesday as it reported a $2.2 billion quarterly loss. via New York Daily News

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“I think that right now we are in the belly of the cycle”

The outlook for the housing market darkened further Tuesday as the nation's largest buyer of home mortgages said it racked up more than $2 billion in quarterly losses and forecast a steeper drop in home prices ... via Seattle Post-Intelligencer

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