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In the wake of an independent actuarial study that found the FHA's insurance fund reserves far below the congressionally mandated minimum, the agency confirms it is actively exploring ways to pump up its reserves - including raising insurance premiums,... Full Article at San Francisco Chronicle
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Ever since May 1, when Fannie Mae's new appraisal guidelines for home mortgages went into effect, buyers, sellers, real estate agents and loan originators have complained about the new process. It's inefficient, often inaccurate and time-consuming. Full Article at San Francisco Chronicle
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A view of Fannie Mae headquarters is seen in this July 14, 2008 file photo in Washington, DC. View Photo »
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When a mortgage loan that is backed up, insured or owned by Fannie Mae, Freddie Mac or the FHA is foreclosed, the government pays off the lender for the value of the loan. As a result, the banks are receiving the full amount on loans they deliberately overvalued. The government then sells off the home a...
SOURCE: Workers World Online -
For the past several years, the Federal Housing Administration has been the go-to financing resource for cash-strapped homebuyers who can't come up with a big down payment. Full Article at Miami Herald
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The Federal Reserve has begun slowing purchases in the $5 trillion market for so-called agency mortgage-backed securities after announcing in September that it would extend the timeline for its $1.25 trillion program to March 31 from year-end. Full Article at Calculated Risk
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WASHINGTON, DC (WUSA) Nearly twenty thousand people of all ages jammed the National Mall Saturday morning for the 22nd annual Fannie Mae Help the Homeless Walkathon. The 5K circuit took people around the National Mall and the Ellipse. Full Article at WUSA Washington, DC
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WASHINGTON - FEBRUARY 13: Franklin Raines (C), former head of Fannie Mae, waits for an event in the East Room of the White House February 13, 2009 in Washington, DC. President Obama spoke to members of the Business Council about the U.S. economy. View Photo »
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The government takeover of Fannie Mae and Freddie Mac, along with more and more loans being backed up by the Federal Housing Authority, is in reality a newly disguised bailout for the banks and lenders.
SOURCE: Workers World Online -
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
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"A new federal program to support state and local housing finance agencies is expected to involve more than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday." Full Article at Mortgage Lender Implode-o-meter
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WASHINGTON, Nov. 21 /PRNewswire-FirstCall/ --Today, thousands of people from the D.C. metropolitan area came together on the National Mall for the 22(nd) Annual Help the Homeless 5K Walkathon. Full Article at Street Insider
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A view of Fannie Mae headquarters is seen in this July 14, 2008 file photo in Washington, DC.
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WASHINGTON - FEBRUARY 13: Franklin Raines (C), former head of Fannie Mae, waits for an event in the East Room of the White House February 13, 2009 in Washington, DC. President Obama spoke to members of the Business Council about the U.S. economy.
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Reuters Pictures
"Krewe" members mock failed mortgage funding institution Fannie Mae during a Mardi Gras parade, whose theme is "Stimulus Package", in New Orleans February 7, 2009.
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WASHINGTON - DECEMBER 9: (L-R) Former Freddie Mac CEO Richard Syron, former Fannie Mae CEO Daniel Mudd, and former Freddie Mac CEO Leland Brendsel are sworn in while testifying before the House Oversight and Government Reform Committee during a hearing on 'The Role of Fannie and Freddi...
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WASHINGTON - DECEMBER 9: Former Fannie Mae CEO Daniel Mudd (R) testifes along with former Freddie Mac CEO Richard Syron before the House Oversight and Government Reform Committee during a hearing on 'The Role of Fannie and Freddie Mac in the Financial Crisis' on Capitol Hill December 9...
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Getty Images
WASHINGTON - DECEMBER 9: (L-R) Former Fannie Mae CEO Franklin Raines testifes along with former Freddie Mac CEO Richard Syron and former Fannie Mae CEO Daniel Mudd before the House Oversight and Government Reform Committee during a hearing on 'The Role of Fannie and Freddie Mac in the...
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Getty Images
WASHINGTON - DECEMBER 09: Former Fannie Mae CEO Franklin Raines (R) is sworn in along with former Freddie Mac CEO Leland Brendsel (C) and former Fannie Mae CEO Daniel Mudd while testifying before the House Oversight and Government Reform Committee during a hearing on 'The Role of Fanni...
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Reuters Pictures
Daniel Mudd (L), former CEO of Fannie Mae, listens to Franklin Raines (R), another former CEO of Fannie Mae during testimony at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December 9, 2008.
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Reuters Pictures
Franklin Raines (R), former CEO of Fannie Mae, testifies at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December 9, 2008.
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Reuters Pictures
Daniel Mudd, former CEO of Fannie Mae, testifies at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December 9, 2008.
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Reuters Pictures
Daniel Mudd, former CEO of Fannie Mae, testifies at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December 9, 2008.
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Reuters Pictures
(L-R) Franklin Raines, former CEO of Fannie Mae, Leland Brendsel, former CEO of Freddie Mac, Daniel Mudd, former CEO of Fannie Mae and Richard Syron, former CEO of Freddie Mac, testify at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December...
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Reuters Pictures
Franklin Raines, former CEO of Fannie Mae, testifies at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December 9, 2008.
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Reuters Pictures
Franklin Raines (R), former CEO of Fannie Mae, testifies alongside Daniel Mudd, another former CEO of Fannie Mae (L), and Leland Brendsel, former CEO of Freddie Mac, at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December 9, 2008.
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Reuters Pictures
Franklin Raines, former chief executive of Fannie Mae (L), shakes hands with Richard Syron, former chief executive of Freddie Mac, as Leland Brendsel, another former chief executive of Freddie Mac, arrives to testify at a House Oversight and Government Reform Committee hearing on Capito...
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Reuters Pictures
Franklin Raines, former CEO of Fannie Mae (L), reaches out to shake hands with Richard Syron, former CEO of Freddie Mac, as Leland Brendsel, another former CEO of Freddie Mac, arrives to testify at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington,...
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Reuters Pictures
Franklin Raines, former CEO of Fannie Mae, is pictured at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December 9, 2008.
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Reuters Pictures
Daniel Mudd, former CEO of Fannie Mae, is pictured before testifying at a House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, December 9, 2008.
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AP Photo
Former Fannie Mae Chief Executive Officer Franklin Raines, right, testifies on Capitol Hill in Washington, Tuesday, Dec. 9, 2008, before the House Oversight and Government Reform Committee hearing on the financial meltdown.
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AP Photo
Former Fannie Mae Chief Executive Officer Daniel Mudd testifies on Capitol Hill in Washington, Tuesday, Dec. 9, 2008, before the House Oversight and Government Reform Committee hearing on the financial meltdown.
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AP Photo
Former Fannie Mae Chief Executive Officer Franklin Raines testifies on Capitol Hill in Washington, Tuesday, Dec. 9, 2008, before the House Oversight and Government Reform Committee hearing on the financial meltdown.
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AP Photo
Former Fannie Mae Chief Executive Officer Daniel Mudd listens on Capitol Hill in Washington, Tuesday, Dec. 9, 2008, during the House Oversight and Government Reform Committee hearing on the financial meltdown.
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AP Photo
Former Fannie Mae Chief Executive Officer Franklin Raines listens on Capitol Hill in Washington, Tuesday, Dec. 9, 2008, during the House Oversight and Government Reform Committee hearing on the financial meltdown.
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Getty Images
WASHINGTON - DECEMBER 9: Former Fannie Mae CEO Franklin Raines testifies before the House Oversight and Government Reform Committee during a hearing on 'The Role of Fannie and Freddie Mac in the Financial Crisis' on Capitol Hill December 9, 2008 in Washington, DC.
View Photo » -
Getty Images
WASHINGTON - DECEMBER 9: Former Fannie Mae CEO Daniel Mudd testifes before the House Oversight and Government Reform Committee during a hearing on 'The Role of Fannie and Freddie Mac in the Financial Crisis' on Capitol Hill December 9, 2008 in Washington, DC.
View Photo »
Getty Images
WASHINGTON - FEBRUARY 13: Franklin Raines (C), former head of Fannie Mae, waits for an event in the East Room of the White House February 13, 2009 in Washington, DC. President Obama spoke to members of the Business Council about the U.S. economy.
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When a mortgage loan that is backed up, insured or owned by Fannie Mae, Freddie Mac or the FHA is foreclosed, the government pays off the lender for the value of the loan. As a result, the banks are receiving the full amount on loans they deliberately overvalued. The government then sells off the home a...
SOURCE: Workers World Online -
The government takeover of Fannie Mae and Freddie Mac, along with more and more loans being backed up by the Federal Housing Authority, is in reality a newly disguised bailout for the banks and lenders.
SOURCE: Workers World Online -
It is absolutely unconscionable that Fannie Mae and Freddie Mac, which were at the heart of the subprime housing collapse last fall that sent our economy into a tailspin, should be without independent oversight at a time when the federal government now owns over half of all the mortgages in the United S...
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Fannie and Freddie are awfully big ... The idea that the agency responsible for conservatorship of Fannie Mae and Freddie Mac doesn't have an inspector general should be a serious cause of concern.
SOURCE: Huffington Post -
We are not having a problem with end loans for our buyers. Many financial institutions are in the market; nevertheless, unless a project has sales of 50 percent or more, [Federal Housing Administration] and Fannie Mae options are not available in these developments.
SOURCE: The Real Deal: New York -
The ABA is an organization of community banks formed so we have a larger voice in D.C. We're not on Washington's speed-dial like AIG, Chase, Fannie Mae, Bank of America, Citi, and Goldman Sachs
SOURCE: Philadelphia Inquirer -
Make no mistake: we're on course to have government commandeer one-sixth of our economy. The people who gave us Fannie Mae and Freddie Mac now want to run our health care. Think about that.
SOURCE: Huffington Post -
Implications of the New Fannie Mae and Freddie Mac Risk-based Capital Standard
SOURCE: EconLog -
It's Fannie Mae and Freddie Mac all over again
SOURCE: Investor's Business Daily -
Fannie Mae's sibling company, Freddie Mac , launched a similar effort in March. That policy, however, requires the foreclosure to be completed and only allows month-to-month leases.
SOURCE: National Ledger -
Jim Marshall has voted to hand over $200 billion to the failed mortgage lenders Freddie Mac and Fannie Mae. Jim Marshall voted $700 billion of taxpayer money to failed Wall Street banks. Jim Marshall voted in favor of the Obama administration’s economic stimulus package – that cost taxpayers $600 billio...
SOURCE: Peach Pundit -
Taxpayers are now going to own all these houses that (Fannie Mae) should have unloaded
– Peter Schiff SOURCE: Rutherford Daily News Journal -
A pullback by Fannie Mae and Freddie Mac in their multifamily activity outweighed increases in commercial and multifamily lending by life insurance companies and commercial banks, leading the overall index lower on a quarter-over-quarter basis. Every investor group and property type saw year-over-year d...
SOURCE: New Mexico Business Weekly -
Given the lack of a private secondary mortgage market, FHA, Fannie Mae and Freddie Mac are pretty much the only game in town ... Extending the current loan limits through 2010 will allow more loans to qualify for these important programs and will help keep mortgage credit more accessible and affordable ...
SOURCE: MarketWatch -
For those who believe that those taxpayer losses would be recouped from surviving firms, I would direct their attention to the recent examples of GM, Chrysler, Fannie Mae, Freddie Mac and AIG
SOURCE: USA Today -
The Democrats’ talking points that their new proposal ends the era of too big to fail are just that talk ... Their proposal places taxpayers first in line to bear the losses when the government invokes its resolution authority. And for those who believe that those taxpayer losses will subsequently be re...
SOURCE: The New York Times -
Those who believe the taxpayer losses would be recouped from the financial industry, I would direct them to Fannie Mae, Freddie Mac, and GMAC, where the prospects for full taxpayer repayments are fanciful
SOURCE: MarketWatch -
If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole.
SOURCE: Politics Daily -
These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis
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Fannie Mae, Freddie Mac, and Ginnie Mae now own or guarantee an overwhelming share of originations
SOURCE: Bloomberg.com -
To suggest somehow that [Fannie Mae and Freddie Mac] are in trouble is simply not accurate.
SOURCE: The Heritage Foundation -
Bush's plan would be closely tied to some $440 million in minority loan programs offered by Fannie Mae and Freddie Mac. President Bush commended Fannie Mae and Freddie Mac's efforts.
SOURCE: ABC News -
Bush's plan would be closely tied to some $440 million in minority loan programs offered by Fannie Mae and Freddie Mac. President Bush commended Fannie Mae and Freddie Mac's efforts.
SOURCE: ABC News -
Please do not re-create Fannie Mae and Freddie Mac
SOURCE: Christian Science Monitor -
FHFA supports this initiative and the important role Fannie Mae and Freddie Mac will play in implementing it
SOURCE: News Blaze
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