Fannie Mae Videos
Fannie Mae, Freddie Mac Execs Accused of Fraud
Fri, 16 Dec 2011|
U.S. government investigates mortgage bosses for financial recklessness.
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Weak Foundationtroubled 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 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 thewould 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 -
Bailouts for the Mortgage MarketFannie 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 Daythe 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'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 -
Government Bails Out Mortgage Giantsgovernment'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. 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 -
Business Report (10.22.10)The bill to help Fannie Mae and Freddie Mac could cost taxpayers.
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Business Report (01.04.11)Bank of America will pay Fannie Mae for incorrect mortgages.
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Newt Gingrich Attacks Mitt Romney on 'Mud' Adssomebody who owns lots of stock in Fannie Mae and Freddie Mac. Somebody who owns lobbyist who made a living protecting. Fannie Mae and Freddie Mac. And then build Florida and is himself a stockholder Fannie Mae and Freddie Mac. While he tries
collectively are so stupid. The somebody who owns lots of stock in Fannie Mae and Freddie Mac. Somebody who owns lots of stock in a part of Goldman Sachs that was explicitly for closing on Floridians. Somebody who's surrounded by lobbyist who made a living protecting. Fannie Mae and Freddie Mac. And then build his entire negative campaign in Florida. Around a series of -- that are just plain false.Sachs -- for closes in Florida and is himself a stockholder -- Fannie Mae and Freddie Mac. While he tries to -- the rest of us are too stupid to put the -- together and understand -
Downgrading Americaof downgrade over that period. But tomorrow possibly even more bad news because the US backs the mortgage companies Fannie Mae and Freddie Mac there is a chance they too could be downgraded. So governments are bracing what you an average investor
possibly even more bad news because the US backs the mortgage companies Fannie Mae and Freddie Mac there is a chance they too could be downgraded. So governments are bracing what you an average investor do. -
Dow Drops After Downgrademarket losses the downgrade will likely hit American families bottom line in other ways. S&P downgraded mortgage giants Fannie Mae and Freddie Mac today. A move likely to increase the cost of buying a new home by tens of thousands of dollars. And
hit American families bottom line in other ways. S&P downgraded mortgage giants Fannie Mae and Freddie Mac today. A move likely to increase the cost of buying a new home by tens of thousands of dollars. -
Futures Plunge on Dismal Job Numbersthe for the housing bubble basically. That's why the US taxpayers I had to get an impact stop all these banks and Fannie Mae and Freddie Mac the government sponsored agencies that buying mortgages. America. You Morgan and Wells Fargo of the
taxpayers I had to get an impact stop all these banks and Fannie Mae and Freddie Mac the government sponsored agencies that buying mortgages. -- America. You Morgan and Wells Fargo of the world. -- -- -
Candidates on Occupy Wall Streetgovernment gets involved they have to deal with fraud and how many people have gone to jail. Either in the government's Fannie Mae or Freddie Mac participating isn't. Nobody suffers the consequences. All these investigations. And yet the people
and how many people have gone to jail. Either in the government's Fannie Mae or Freddie Mac -- participating isn't. Nobody suffers the consequences. All these investigations. And yet the people who lose their jobs and -
Great American Debate: Part Inot don't So what are we saying we are saying to the big banks you're gonna get the capital much cheaper have and Fannie Mae and Freddie Mac to sort of two. In the small banks are going to be left on the outside union. We are stacking the deck
banks you're gonna get the capital much cheaper -- have -- and Fannie Mae and Freddie Mac to sort of two. In the small banks are going to be left on the outside -- union. We -
Gingrich Is 'a Chameleon' Says Rep. McDermotthardly out of the election. And he's already money off of it. And that's that's new style of what's on with the Fannie Mae is just another variation on the theme. But congress I want get get us back to what you doing congress is doing right
it. And that's that's new style of what's -- on with the Fannie Mae is just another variation on the theme. But congress I want -- -- get get us back to what you -- -- -
ABC News Updatefrom his opponents. We can't have nominee for the Republican Party someone who continues to stand for Freddie Mac and Fannie Mae . Gingrich's conservative credentials have recently been questioned by his former colleagues in the house right leaning
the Republican Party someone who continues to stand for Freddie Mac and Fannie Mae . Gingrich's conservative credentials have recently been questioned by his former colleagues in the house right leaning pundits and Mitt Romney. It's sort -
Newt Gingrich's Greatest HitsSwiss bank accounts came and accounts owns shares of Goldman Sachs four closes in Florida and is himself a stockholder in Fannie Mae and Freddie Mac while he tries to that the rest of us are too stupid to put the together and understand what this is
Goldman Sachs four closes in Florida and is himself a stockholder in Fannie Mae and Freddie Mac while he tries to that the rest of us are too stupid to put the -- together and understand -
Romney Takes on Gingrich in Florida DebateGingrich that owned investments connected to mortgage giants Fannie Mae and Freddie Mac. So governor Romney in the spirit of also have investments a mutual funds that also invested Fannie Mae and Freddie Mac Romney even managed to turn one and Gingrich's
of attack from Gingrich that -- owned investments connected to mortgage giants Fannie Mae and Freddie Mac. So -- governor Romney in the spirit of openness should tell us how much money he's made off of how many households that have been foreclosed by his investments. -- -- -- -- -- Mr. speaker I know that sounds like an enormous revelation but if you check your own investments. You also have investments a mutual funds that also invested Fannie Mae and Freddie Mac -- Romney even managed to turn one and Gingrich's favorite tactics beating up the media on its head. On -
South Carolina Primary Crucial to Candidatesto release documents on his work. For the failed mortgage company Freddie Mac. Let's see what report you wrote for Fannie Mae and Freddie Mac what. It was and us. Let's have him describe his relationship Washington Rick Santorum was belatedly
failed mortgage company Freddie Mac. Let's see what report you wrote for Fannie Mae and Freddie Mac what. It was and us. Let's have him describe his relationship -- Washington Rick Santorum was belatedly named the -
Newt Gingrich Says He Can 'Shake Up Washington'said I never once ask you anything about Freddie Mac or Fannie Mae and the New York Times reported in 2008. That I spoke and said do not. Vote for any money for Freddie Mac or Fannie actually publicly was against giving them any more money
He said I never once ask you anything about Freddie Mac or Fannie Mae and the New York Times reported in 2008. That I spoke to the Republicans in the house and said do not. Vote for any money for Freddie Mac or Fannie -- -- actually publicly was against giving them any more money -- distraction is the opposite of Romney's fiction. Let me get
