Posted by admin! / Under Fannie Mae
Stop! Hold the phone. What this statement indicates is that Fannie Mae was holding eight times the amount of mortgages off-book than it had on-book.Thus, despite the fact that it is losing tens of billions of dollars every quarter & has borrowed $76.2 billion so far, it was actually hiding the majority of its worst performing mortgages off-book
Published on Tuesday 9th of March 2010 08:12:46 AM
Posted by admin! / Under Fannie Mae
First lets define what a Mortgage Back Security is, or MBS. More or less a MBS is a bond sold on wall street from the big government backed firms Fannie Mae and Freddie Mac. These loans are originated by banks we all know and love. Then the banks sell these loans off to Fannie Mae, and Freddie Mac in big pools (collections of mortgages).
Published on Tuesday 9th of March 2010 08:12:46 AM
Posted by admin! / Under Fannie Mae
It's time to kick Fannie Mae and Freddie Mac out of the housing market
Published on Tuesday 9th of March 2010 08:12:46 AM
Posted by admin! / Under Fannie Mae
We all know the history. When Fanny Mae and Freddy Mac, two mortgage entities of iconoclastic proportions, collapsed almost two years ago, the world turned all eyes on the United States, aghast at the domino effect that would ensue. Just as with Enron, inappropriate business practices soon were swept out of the closet and into the middle of the bal
Published on Tuesday 9th of March 2010 08:12:46 AM
Posted by admin! / Under Fannie Mae
Current Mortgage Rates Unstable - Current 30 Year Mortgage Rates to Enter Week on Edge - jumbo mortgage rates, fha mortgage rates, Freddie Mac FRE, Fannie Mae FNM
Published on Tuesday 9th of March 2010 08:12:46 AM
Posted by admin! / Under Fannie Mae
An influential voice on Capitol Hill has unexpectedly called into question the safety of investing in Fannie Mae and Freddie Mac, raising the specter that investors who have lent money to the two firms or bought their mortgage-backed securities could one day suffer losses.
Published on Tuesday 9th of March 2010 08:12:46 AM
Posted by admin! / Under Fannie Mae
Fannie Mae and Freddie Mac may force lenders including Bank of America Corp. [], JPMorgan Chase & Co. [], Wells Fargo & Co. and Citigroup Inc. to buy back $21 billion of home loans this year as part of a crackdown on faulty mortgages.
Published on Tuesday 9th of March 2010 08:12:46 AM
Posted by admin! / Under Fannie Mae
House Financial Services Chairman Barney Frank on Friday said he agrees with the Obama administration's decision to fully back Fannie Mae and Freddie Mac bondholders to provide stability to the housing market and broader financial system.
Published on Tuesday 9th of March 2010 08:12:46 AM
Posted by admin! / Under Fannie Mae
Home Buying Incentives from Fannie Mae. This just in, hot off the press. Fannie Mae is helping owner-occupied house buyers with closing costs & new appliances.
Published on Tuesday 9th of March 2010 08:12:46 AM
Posted by admin! / Under Fannie Mae
What is the role of Fannie Mae and Freddie Mac in ransom from the crisis of foreclosures? Two leading Republicans are putting pressure on the House of Representatives to expedite the hearings and investigations.
Published on Tuesday 9th of March 2010 08:12:46 AM
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