How Fannie Mae And Freddie Mac Were Saved

[Marc]

From http://www.investopedia.com



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Cheers

Marc...

[Marc]

Back in January, President Barack Obama said it was "shameful" that near-bankrupt insurance giant and bailout-baby AIG was awarding $400-million in "retention" bonuses to the very same reckless Wall Street cowboys who damned-near sank the entire U.S. financial industry...

[Marc]

Mental!!!

In a compensation program that has drawn angry protests from politicians, Fannie Mae and Freddie Mac expect to pay about $210 million in retention bonuses to 7,600 employees over 18 months, according to a letter from the mortgage companies' regulator to Sen. Charles Grassley....

[Marc]

By JAMES R. HAGERTY

The regulator of Fannie Mae and Freddie Mac is considering giving the government-backed mortgage companies another role: helping to finance small mortgage banks.

A spokeswoman for the regulator, the Federal Housing Finance Agency, said it is looking...

[Marc]

Yesh...from the article:



Thats an awesome job! I stuff up the business and still get 1 mill and defended as unswerving dedication to the public interest - actually I should have worked for AIG - they pay more out...

Wasn't it those people who caused the down...

[jenny_pt]

Freddie Mac, the insolvent GSE seized by regulators last Fall, says it needs $30.8 billion immediately. More ominously, the company says the ultimate cost of the bailout is still going up. (Tutorial on Fannie/Freddie here. OA Flashback: Fan/Fred are toast.)

When Fannie and Freddie were...

[Marc]

By: Reuters | 18 Mar 2009 | 01:29 PM ET

Fannie Mae the government-controlled home funding company, on Wednesday said its February refinancing volume nearly tripled from January to more than $41 billion.

February's refinancing volume was the company's highest in almost a...

[Marc]

On January 13 Fannie Mae released an announcement describing a new policy that will allow qualified renters to remain in Fannie Mae-owned foreclosure properties. Formally known as the National Real Estate Owned Rental Policy, it is meant to address the difficulties faced by tenants who – often...

[Marc]

By: Reuters | 11 Mar 2009 | 07:23 PM ET

Freddie Mac, one of the two main U.S. mortgage companies that the U.S. government is depending on to help stabilize the housing market, said on Wednesday it needs $30.8 billion from the Treasury to survive after a massive fourth-quarter loss....

[Marc]

By: Jeff Cox, CNBC.com | 19 Feb 2009 | 02:51 PM ET

Investors hoping the government bailout will rescue the housing industry are making a risky bet, judging by analysts' reaction to the plan.

While the plan that President Obama unveiled Wednesday certainly will help many...

[Marc]

As we sit here poised on the edge of our seats, waiting to hear the details of how the Obama administration will use $50 billion of TARP money to ease the foreclosure crisis, a curious stat crossed the news wires.

Apparently more potential home buyers are wandering through new homes....

[Marc]

By: Steve Liesman, Senior Economics Reporter | 08 Feb 2009 | 04:18 PM ET

The comprehensive financial plan to be announced Tuesday by Treasury Secretary Tim Geithner will include an expanded loan facility that will purchase newly issued and newly rated Commercial mortgage-backed securities...

[Marc]

Will sign new leases with tenants while properties are up for sale

WASHINGTON - Mortgage finance company Fannie Mae said Tuesday it has adopted a policy allowing renters to remain in their homes even if their landlord enters foreclosure.

The new policy will allow residents...

[Marc]

Good news?

By: Reuters | 15 Jan 2009 | 12:51 PM ET

Interest rates on U.S. 30-year fixed-rate mortgages dropped for the 11th straight week to a record low, according to a survey released on Thursday by home funding company Freddie Mac.

Interest rates on the...

[Marc]

Hello all,

News for today:



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Cheers

Marc...