Fannie Mae News

"This new program helps eliminate some of the uncertainty of foreclosure, keeps families and tenants in their homes during a transitional period and helps to stabilize neighborhoods and communities," Fannie Mae's Jay Ryan said in unveiling a new "Deed for Lease Program" earlier this month.

I've been thinking a lot about what kinds of benefits we enjoy from having large banks.

As the economy drifts listlessly going into this holiday season, thoughts of sugar-plumbed call options and zombie companies , Freddie Mac , and Citibank ) are dancing in the heads of day traders, fund managers and CNBC.

You already know that what the Federal Reserve does with interest rates has a huge impact on the housing market .

"In the next century, a company will stand or fall on its values," Robert Hass, CEO of Levi Strauss was quoted to have said.

The firm is letting foreclosed upon families experiencing rent their homes. Is this delaying the inevitable or helping the housing situation? Homeowners going through foreclosure can rent their houses through Fannie Mae rather than lose them entirely.

According to congressional testimony obtained by Reuters on Monday, Mayopoulos' firing on December 10, 2008 came just nine days after he told Bank of America executives that Merrill's expected losses at the time provided no basis to invoke a contractual provision to abandon the takeover.

Q: Would you invest in Freddie Mac ? A: Many investors, it seems, can't resist what appears to be a deal.

In reading the newspapers over the last eight months, since the Federal Reserve decided to print money on a massive scale in order to buy $300 billion in U.S. Treasuries along with about a trillion and a half dollars in mortgage related debt, these two groups of purchases have been viewed quite differently.

Over at the Wall Street Journal, there's a very interesting article that connects the dots between ACORN, the mortgage-lending-standard-destroying Community Reinvestment Act legislation, Fannie Mae and the eventual inflation and collapse of the housing bubble in last decade: As Allen Fishbein, currently an adviser for consumer policy at the Federal ...

Published: Friday, November 13, 2009 at 6:01 a.m. Last Modified: Friday, November 13, 2009 at 5:09 a.m. The Federal Housing Administration, the government agency whose loan-insurance programs have become a crucial source of support for the housing market, said on Thursday that its cash reserves had dwindled significantly in the last year as more ...

Filling a 15-month vacancy for inspector general of the agency overseeing Fannie Mae , Freddie Mac and the Federal Home Loan Banks will take more time and be done a oeas soon as possible,a the Obama administration said.

I really thought we had all paid our dues on this subprime mortgage fiasco by the big hit we all took in our investments in banks, securities firms, CMOs and mortgaged back bonds.

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.