Fannie Mae News

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

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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

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

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.

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.

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.

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.

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 .