Fannie Mae

News

1. Retire at 70, Business Group Urges

   Thu, 17 Jan 2013

   to be "modestly positive." It took big charges related to a settlement with the government-backed mortgage lender Fannie Mae and a separate agreement in which it and other banks settled government accusations of wrongful foreclosure practices
2. 3 Loans That Are Tough to Refinance

   Sat, 12 Jan 2013

   homeowners whose loans are owned by Fannie Mae or Freddie Mac to refinance into your loan is not owned by Freddie or Fannie , or if you have a large second mortgage check whether your loan is owned by Fannie or Freddie and eligible under HARP
3. Tax Refunds May Be Delayed By Cliff Wrangling

   Thu, 20 Dec 2012

   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
4. 
   There's Another Fiscal Cliff...and We're Heading Right for It

   Sun, 9 Dec 2012

   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
5. 
   ANALYSIS: Promises Kept, Promises Broken

   Tue, 27 Nov 2012

   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
6. 
   Promises Kept, Promises Broken (The Note)

   Tue, 27 Nov 2012

   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
7. 
   Banks, Lenders Extend Sandy Assistance to Homeowners

   Mon, 5 Nov 2012

   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

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

   Fannie Mae found at 0:10, 1:50

   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

   Fannie Mae found at 0:02

   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.