Fannie Mae
Latest Fannie Mae News
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US Banks Try to Clean up Remaining Mortgage Mess
the deal on the same day that Bank of America agreed to pay $11.6 billion to government-backed mortgage financier Fannie Mae to settle claims related to mortgages that soured during the housing crash. The agreements come as U.S. banks
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Business Highlights
6 billion settlement with government mortgage agency Fannie Mae to settle claims resulting from mortgage-backed investments Bank of America will pay $3.6 billion in cash to Fannie Mae and buy back $6.75 billion in loans that the bank
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News Summary: Bank of America in Mortgage Deal
SETTLEMENT DAY: Bank of America reached an $11.6 billion settlement with government mortgage agency Fannie Mae to settle claims resulting from mortgage-backed investments that soured during the housing crash, bringing it a step closer
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Stocks Open Lower, Pushing S&P 500 Down From High
downward trend. The stock rose after the bank said it had reached an agreement to settle claims from the government agency Fannie Mae over mortgage investments that lost value after the housing crash. Bank of America will pay the agency $3.6 billion
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Stocks Open Lower, Pushing S&P 500 Down From High
downward trend. The stock rose after the bank said it had reached an agreement to settle claims from the government agency Fannie Mae over mortgage investments that lost value after the housing crash. Bank of America will pay the agency $3.6 billion
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Futures Slip After S&P Hits Pre-Recession Levels
day and on Friday closed at 1,466, the highest since December 2007. On Monday, Bank of America said it would pay Fannie Mae $3.6 billion and buy back $6.8 billion in loans to settle mortgage claims from the housing meltdown.
News
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Bank of America Reaches Settlement With Fannie Mae
America has reached a settlement with Fannie Mae on residential mortgage loans sold includes a $3.6 billion payment to Fannie Mae . Bank of America will also buy back some of the loans sold to Fannie Mae for $6.75 billion. Its stock
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Bank of America to Pay Fannie Mae $3.6B, Buy Back $6.8B in Loans to Settle Mortgage Claims
Bank of America to pay Fannie Mae $3.6B, buy back $6.8B in loans to settle mortgage claims.
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Tax Refunds May Be Delayed By Cliff Wrangling
Federal housing regulators say illegal manipulation of the global LIBOR rate led to heavy losses at government controlled Fannie Mae and Freddie Mac. Regulators recommended suing banks that were involved. Yesterday, UBS agreed to pay $1.5 billion
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There's Another Fiscal Cliff...and We're Heading Right for It
Times notes, would be to revise Senate rules to enable rapid confirmation of a new director for the agency overseeing Fannie Mae and Freddie Mac --- one who will not oppose efforts to reduce principal balances on underwater loans, as acting director
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ANALYSIS: Promises Kept, Promises Broken
Congresswoman Capito has a long record of support of bailouts, pork, and bigger government. She voted to bail out Fannie Mae and Freddie Mac, for massive expansions of government-run health insurance, giveaways to big labor, and repeatedly
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Promises Kept, Promises Broken (The Note)
Congresswoman Capito has a long record of support of bailouts, pork, and bigger government. She voted to bail out Fannie Mae and Freddie Mac, for massive expansions of government-run health insurance, giveaways to big labor, and repeatedly
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Banks, Lenders Extend Sandy Assistance to Homeowners
dollars in damages that are expected. Fannie Mae and Freddie Mac reminded mortgage Recovers from Sandy's Destruction Fannie Mae encouraged homeowners with homes their monthly mortgage statement. Fannie Mae said some may qualify for a 90-day
Videos
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Fannie Mae , Freddie Mac Execs Accused of Fraud
millionaire mortgage bosses from Fannie Mae and Freddie Mac stand accused of former executives at mortgage giants Fannie Mae and Freddie Mac were sued by the Department says it is still investigating Fannie Mae . Investigation into Freddie Mac
recession began and tonight. Five men one woman millionaire mortgage bosses from Fannie Mae and Freddie Mac stand accused of civil fraud by the US government. ABC's Cecilia Vega tells us why investigators named them firstever held accountable until today. These six former executives at mortgage giants Fannie Mae and Freddie Mac were sued by the SEC. Accused of misstatements and half truths hiding just how many of those risky sub prime mortgages they were holding. In some cases by hundreds of billions of dollars. When the house of cards collapsed the pain rippled through the economy. Millions lost their homes and taxpayers had to come up with a 160 billion dollars to bail out Fannie and Freddie. Many families lost at all. I was collecting unemployment the unemployment just wasn't an office in just one year Daniel Mudd earned nearly eleven million dollars -- CEO of Fannie and Richard Syron earned more than eighteen million and CEO of Freddie. They put out statements today denying the charges the SEC'sAnd Fannie and Freddie themselves are also off the hook the SEC agreed today it will not -- the mortgage giants. As for those criminal charges the Justice Department says it is still investigating Fannie Mae . Investigation into Freddie Mac is over no criminal charges ever filed. -
Weak Foundation
troubled state. A mortgage giants Fannie Mae and Freddie Mac and how will it affect the beating they took. For the day Fannie Mae down 22%. For the week down 45 mortgages and sells it. Most often to Fannie Mae or Freddie Mac. If Fannie and Freddie
dipped below 111000 in response to the troubled state. A mortgage giants Fannie Mae and Freddie Mac and how will it affect Wall Street how would affect main street. ABC's Betsy Stark is here with me now. With more good morning that's good morning Kate we know in financial circles they're known simply as Fannie and Freddie and as one analyst said to me it's impossible to overstate their impact on the US housing market and take a look at the beating they took. For the day Fannie Mae down 22%. For the week -- down 45%. Freddie down 46%. And for the year -- both down around 85%. Ouch theseEven if you haven't heard of Fannie and Freddie there's a good chance if you're a homeowner failure loan. Here's how it works after a bank gives you a mortgage it often packages it with other mortgages and sells it. Most often to Fannie Mae or Freddie Mac. If Fannie and Freddie were to fail. Analysts say mortgage rates would solve our mortgage lending would grind to a halt. And borrowers ofBoth Fannie Mae and Freddie Mac plays such a vital role in the mortgage market that they are essentially too big to fail. -
Bailouts for the Mortgage Market
Fannie Mae and Freddie Mac are two of the most important institutions that you've borrow money for everything from cars to student loan and. It is so how are Fannie and Freddie is they're called on the street reacting to these concerns
Fannie Mae and Freddie Mac are two of the most important institutions that you've probably never heard of but they are crucial pillars of -
A Nervous Trading Day
the health of the mortgage giants Fannie Mae and Freddie Mac we reported late Dow had jumped 130 points shares of Fannie had shot 25%. Freddie more than rescue plan. A plan that would give Fannie and Freddie and almost unlimited
Then there's the health of the mortgage giants Fannie Mae and Freddie Mac we reported late Friday on the health or lack of same of those two giant corporations. Which hold nearly -
Does the Government Now Own Your House?
roughly 50% chance. They either Fannie Mae or Freddie Mac is involved. But today the stakes were too big not to Fannie Mae and Freddie Mac are so large and here at home and around the globe. Fannie and Freddie finance or hold about
have a home loan there is a roughly 50% chance. They either Fannie Mae or Freddie Mac is involved. But these two crucial companies have been dangerously weekend as home values drop and foreclosures rise here'sFannie Mae and Freddie Mac are so large and so interwoven in our financial system. The failure of either of them would cause great -
Government Bails Out Mortgage Giants
government's bailout of mortgage giants Fannie Mae and Freddie Mac. The two companies Hopes that a federal takeover of Fannie Mae and Freddie Mac. My hope the downward mortgages traditional lenders may. Fannie and Freddie have their hand in half
country's housing and credit crisis the federal government's bailout of mortgage giants Fannie Mae and Freddie Mac. The two companies have lost more than fourteen billion dollars in the past year of this could hit taxpayers.rescue plan an enthusiastic. Thumbs up. Hopes that a federal takeover of Fannie Mae and Freddie Mac. My hope the downward spiral in the US housing market sent stocks soaring and shares of banks in -- -
Business Report (10.22.10)
The bill to help Fannie Mae and Freddie Mac could cost taxpayers.













