Fannie Mae

News

1. The Deficit Is Falling! What It Means for a Debt Fight in Washington

   Thu, 9 May 2013

   top: On Thursday, the once-embattled mortgage giants Fannie Mae and Freddie Mac announced that they would return a combined Bi-Partisan Policy Center predicted the added boost of the Fannie -Freddie windfall could push off another debt ceiling
2. News Summary: Fannie Earned Record $58.7B in Q1

   Thu, 9 May 2013

   RECORD PROFIT: Mortgage giant Fannie Mae earned a record $58.7 billion housing recovery. PAYING DIVIDEND: Fannie said it will pay a dividend of next month. Once that's paid, Fannie will have repaid $95 billion of
3. Fannie Mae Posts Record $58.7B Net Income for Q1

   Thu, 9 May 2013

   Mortgage giant Fannie Mae earned a record $58.7 billion from company to lower its tax liability. Fannie reported Thursday that $50.6 billion incurred during the housing crisis that Fannie applied to its 2013 taxes. That helped
4. Fannie Mae Posts Record $58.7B Net Income for Q1

   Thu, 9 May 2013

   Mortgage giant Fannie Mae earned a record $58.7 billion from company to lower its tax liability. Fannie reported that $50.6 billion of its incurred during the housing crisis that Fannie applied to its 2013 taxes. That helped
5. News Summary: Freddie Posts $4.6B Net Income in Q1

   Wed, 8 May 2013

   additional federal aid for the fourth straight quarter. BIG BAILOUT: The government rescued Freddie and larger sibling Fannie Mae during the financial crisis after both incurred massive losses on risky mortgages. The companies received loans about
6. Freddie Mac Posts $4.6B Net Income for Q1

   Wed, 8 May 2013

   rescued Freddie and larger sibling Fannie Mae during the financial crisis after limited supply of homes for sale. For Fannie and Freddie, a better housing market federal policy adopted last summer, Fannie and Freddie must turn over any quarterly
7. Freddie Mac Posts $4.6B Net Income for Q1

   Wed, 8 May 2013

   2012. The government rescued Freddie and larger sibling Fannie Mae during the financial crisis after both incurred massive billion. Under a federal policy adopted last summer, Fannie and Freddie must turn over their quarterly profits to

Videos

1. 
   Fannie Mae , Freddie Mac Execs Accused of Fraud

   Fri, 16 Dec 2011

   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

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   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 first

   ever 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's

   to receive -- to hold individuals accountable for what they did. And 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.
2. 
   Weak Foundation

   Sat, 12 Jul 2008

   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

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   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 these two giants don't actually make loans but they own or guarantee almost half the mortgages in the United States. And without them mortgage lending housing market and borrowing of all kinds would be in apparel. Fannie and Freddie are private companies but with deep ties to the government -- was created during the depression is part of the

   would be far worse far worse. Even 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 of all kinds would pay higher rates sinking the economy into an even deeper downturn. That's why most analysts believe the government would never let it happen. Both Fannie Mae and Freddie Mac plays such a vital role in the mortgage market that they are essentially too big to fail. Government official tried to shore up confidence in Fannie and Freddie senator Chris Dodd saying there is no crisis and no bailout is necessary to. These institutions are in sound shape
3. 
   Bailouts for the Mortgage Market

   Fri, 11 Jul 2008

   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

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   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
4. 
   A Nervous Trading Day

   Mon, 14 Jul 2008

   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

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   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
5. 
   Does the Government Now Own Your House?

   Sun, 7 Sep 2008

   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

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   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's ABC's Betsy Stark. It is the largest ever takeover of the financial institution by the federal government in American history. But with home prices plunging and homeowners defaulting on their mortgages in record number. Treasury Secretary Hank Paulson said today the stakes were too big not to -- Fannie Mae and Freddie Mac are so large and so interwoven in our financial system. The failure of either of them would cause great turmoil here at home and around the globe. Fannie and Freddie finance or hold about half the mortgages in the United States. It's you have to look activities of the Great Depression to see such a huge government intervention with such major implications. It was just two months ago that government officials assured the public Fannie and Freddie had enough cash to weather the storm. But today the government said the losses on the mortgage giant books were
6. 
   Government Bails Out Mortgage Giants

   Mon, 8 Sep 2008

   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

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   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. Will have to cover future losses but tonight the government is saying. The failing to act could have been even more costly. Here's Betsy Stark. From Hong Kong to London to New York investors around the world today gave the government's dramatic 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 -- This is the -- There's a feeling that this is the kind of solution that could jumpstart vote mortgage market perhaps the housing market. The government will now ensure that the mortgage giants never run out of money to buy up the mortgages traditional lenders may. Fannie and Freddie have their hand in half the mortgages outstanding in the country. But with fourteen billion dollars in losses in the past year and more to come their ability to keep underwriting those loans was in jeopardy. If they worded cease operation it would be catastrophic for the housing market and for the broader economy financial systems and there really was no choice here. No choice perhaps but some say plenty of warning. For years critics have worried about the risks of Fannie and Freddie growing too big to fit. We have warned congress years ago that taxpayers could wind up on the short end
7. 
   Business Report (10.22.10)

   Fri, 22 Oct 2010

   The bill to help Fannie Mae and Freddie Mac could cost taxpayers.