From http://www.investopedia.com
Read more...
Cheers
Marc...
18 results in 0.0020 seconds.
-
How Fannie Mae And Freddie Mac Were Saved
-
Fannie and Freddie's Fuzzy Math: $100 Billion in Losses = $210 Million in Bonuses.
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... -
Fannie, Freddie Set to Pay $210 Million in Retention Bonuses
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.... -
Fannie Revises Investment Property Guidelines
By Octavio Nuiry, RealtyTrac Staff Writer
Fannie Mae, seeking to break the logjam in the housing crisis, loosened its loan restrictions for real estate investors and second homebuyers last week, issuing a new set of selling guidelines.
On February 6, 2009, Fannie Mae... -
New Task Seen for Fannie, Freddie
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... -
Freddie: $200 billion probably not enough
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...Last edited by jenny_pt; 20-03-2009, 07:19 AM. -
Fannie Mae: Refinancing Volume Tripled in February
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... -
Fannie Mae Announces New Policy for Renters in REO Properties
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... -
Freddie Mac Posts $23.9 Billion Quarter Loss, Needs Capital
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.... -
Housing Plan: Five Things Investors Need to Know
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... -
Are Home Buyers Starting To Kick The Tires?
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.... -
Treasury Plan Includes Mortgage Security Loans
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... -
USA: Fixing Foreclosures: 'How Far Are We Going to Go?'
By: Albert Bozzo, Senior Features Editor | 23 Jan 2009 | 01:44 PM ET
There’s general agreement that home foreclosures are a major problem and that the Obama administration is right in deciding to attack the problem.
“If they’re going to spend money at all, this is... -
USA: Fannie Mae won’t evict renters in foreclosures
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... -
USA: Mortgage Rates Drop to New Low For 11th Week
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...
