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Fannie Mae (FNM) was an icon. Bank of America (BAC) was an icon. So a lot of these things were shoved into retirees’ accounts ... And it wasn’t necessarily a bad recommendation -- it wasn’t necessarily the mistake of buying Fannie Mae preferred. The mistake was not selling it when you’d lost 15% or 20%.
SOURCE: Smartmoney.com -
Finally people are realizing that AIG is like Fannie Mae(FNM Quote) and Freddie Mac(FRE Quote). This has been one of the longest short squeezes in history.
-
In the array of subsidies and bailouts that Congress and the administration have given out in an attempt to repair the economy in the last year, more than $1.1 trillion has gone to the housing sector through foreclosure mitigation programs, tax credits for homebuyers and cash infusions to Fannie Mae and...
SOURCE: New Haven Register -
allowed Freddie Mac and Fannie Mae to count billions of dollars they invested in subprime loans as a public good that would foster affordable housing
SOURCE: Investor's Business Daily -
They have been so successful with Fannie Mae, Freddie Mac, Amtrak and the US Postal Service that we should definitely let them decide what [sectors] are good investments
SOURCE: FOX Business -
Banks like Wachovia and Washington Mutual have a significant amount of these Alt-As and pay-option ARMs that the GSE bailout just won't help ... There is still a crisis going on, despite what the government is trying to do on the Fannie Mae/Freddie Mac front.
SOURCE: The Real Deal: New York -
these loans are exposing taxpayers to the same kinds of soaring default rates and losses that brought down Fannie Mae and Freddie Mac as well as destroyed many banks and the private market for mortgage loans.
SOURCE: Independent Institute -
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...
-
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
About Fannie Mae
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Getty Images
A view of Fannie Mae headquarters is seen in this July 14, 2008 file photo 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.
View Photo » -
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.
View Photo » -
Getty Images
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...
View Photo » -
Getty Images
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...
View Photo » -
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...
View Photo » -
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...
View Photo » -
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.
View Photo » -
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.
View Photo » -
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.
View Photo » -
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.
View Photo » -
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...
View Photo » -
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.
View Photo » -
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.
View Photo » -
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...
View Photo » -
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,...
View Photo » -
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.
View Photo » -
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.
View Photo » -
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.
View Photo » -
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.
View Photo » -
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.
View Photo » -
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.
View Photo » -
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.
View Photo » -
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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Fannie Mae (FNM) was an icon. Bank of America (BAC) was an icon. So a lot of these things were shoved into retirees’ accounts ... And it wasn’t necessarily a bad recommendation -- it wasn’t necessarily the mistake of buying Fannie Mae preferred. The mistake was not selling it when you’d lost 15% or 20%.
SOURCE: Smartmoney.com -
Finally people are realizing that AIG is like Fannie Mae(FNM Quote) and Freddie Mac(FRE Quote). This has been one of the longest short squeezes in history.
-
In the array of subsidies and bailouts that Congress and the administration have given out in an attempt to repair the economy in the last year, more than $1.1 trillion has gone to the housing sector through foreclosure mitigation programs, tax credits for homebuyers and cash infusions to Fannie Mae and...
SOURCE: New Haven Register -
allowed Freddie Mac and Fannie Mae to count billions of dollars they invested in subprime loans as a public good that would foster affordable housing
SOURCE: Investor's Business Daily -
They have been so successful with Fannie Mae, Freddie Mac, Amtrak and the US Postal Service that we should definitely let them decide what [sectors] are good investments
SOURCE: FOX Business -
Banks like Wachovia and Washington Mutual have a significant amount of these Alt-As and pay-option ARMs that the GSE bailout just won't help ... There is still a crisis going on, despite what the government is trying to do on the Fannie Mae/Freddie Mac front.
SOURCE: The Real Deal: New York -
these loans are exposing taxpayers to the same kinds of soaring default rates and losses that brought down Fannie Mae and Freddie Mac as well as destroyed many banks and the private market for mortgage loans.
SOURCE: Independent Institute -
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...
-
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
-
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: Orlando Business Journal -
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 ...
SOURCE: Dealbook -
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 -
The 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 would be recouped from surviving firms, I would direct their attention to the recent examples of GM, Chrysler, Fannie Mae, Freddie ...
– Spencer Bachus SOURCE: Deseret News -
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
