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LOS ANGELES, CA - FEBRUARY 02: Demonstrators occupy the front entrance to a building where Freddie Mac offices are located demanding the mortgage company to halt the eviction of former Riverside, CA. , homeowner US Marine Arturo de los Santos on... View Photo »
US Treasury Secretary Timothy Geithner speaks during a press conference at the Treasury building on February 2, 2012 in Washington, DC. Geithner spoke about financial reform in 2012, saying more details are to come in the spring on the efforts by the... View Photo »
Republican presidential candidate Mitt Romney takes questions from supporters during a town hall meeting at the Horry-Georgetown Technical College Grand Strand Conference Center in Myrtle Beach, South Carolina, December 17, 2011. Romney sought to create... View Photo »
WASHINGTON, DC - DECEMBER 16: Robert Khuzami (2nd R), Director of the U.S. Securities and Exchange Commission's (SEC) Enforcement Division, announces that the SEC has charged six former top executives of Fannie Mae and Freddie Mac with securities... View Photo »
WASHINGTON, DC - DECEMBER 01: Federal Housing Finance Agency Acting Director Edward DeMarco testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. DeMarco and the CEOs of... View Photo »
WASHINGTON, DC - DECEMBER 01: (L-R) Freddie Mac CEO Charles Haldeman Jr. , Federal Housing Finance Agency Acting Director Edward DeMarco and Fannie Mae President and CEO Michael Williams testify before the House Financial Services Committee's... View Photo »
WASHINGTON, DC - DECEMBER 01: Federal Housing Finance Agency Acting Director Edward DeMarco (L) talks with Fannie Mae CEO Michael Williams before testifying before the House Financial Services Committee's Oversight and Investigations Subcommittee... View Photo »
WASHINGTON, DC - DECEMBER 01: Freddie Mac CEO Charles Haldeman Jr. testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. The CEO testified to the subcommittee about... View Photo »
WASHINGTON, DC - DECEMBER 01: Fannie Mae President and CEO Michael Williams testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. The CEOs testified to the subcommittee... View Photo »
FILE - In this Nov. 21, 2011 file photo, Republican presidential candidate, former House Speaker Newt Gingrich speaks at a town meeting at St. Anselm College in Manchester, N.H. Gingrich has never been a conventional Republican and he certainly doesn't... View Photo »
FILE - In this Nov. 21, 2011 file photo, Republican presidential candidate, former House Speaker Newt Gingrich gestures during a news conference at St. Anselm College in Manchester, N.H. Gingrich has never been a conventional Republican and he... View Photo »
Republican presidential candidate and former U.S. House of Representatives Speaker Newt Gingrich takes part in a South Carolina Republican party presidential debate in Spartanburg, South Carolina, in this November 12, 2011 file photo. Gingrich... View Photo »
WASHINGTON, DC - NOVEMBER 16: Michael Williams, president and CEO of Fannie Mae, participates in a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The committee is hearing testimony on... View Photo »
WASHINGTON, DC - NOVEMBER 16: Charles Haldeman Jr. , president and CEO of Freddie Mac, speaks during a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The committee is hearing testimony on... View Photo »
WASHINGTON, DC - NOVEMBER 16: Chairman Darrell Issa (R-CA) participates in a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The committee is hearing testimony on whether Fannie Mae and... View Photo »
WASHINGTON, DC - NOVEMBER 16: Michael Williams, president and CEO of Fannie Mae, looks at a monitor that reads 'Fannie and Freddie Still Owe Taxpayers $141 Billion', during a House Oversight and Government Reform Committee hearing on Capitol Hill, on... View Photo »
WASHINGTON, DC - NOVEMBER 16: (L-R) Michael Williams, president and CEO of Fannie Mae, and Charles 'Ed' Haldeman Jr. , president and CEO of Freddie Mac participate in a House Oversight and Government Reform Committee hearing on Capitol Hill, on... View Photo »
National Peoples Action's Jordan Estevao, marching with the Freedom Plaza Occupation, Backbone Campaign & Economic Justice Allies, protests from a makeshift 'underwater home' November 10, 2011 to Demand Mortgage Correction in front of the Federal... View Photo »
Demonstrators from the Freedom Plaza Occupation, Backbone Campaign & Economic Justice Allies protest November 10, 2011 to Demand Mortgage Correction in front of the Federal Housing Finance Administration (FHFA) in Washington, DC. Demonstrators are... View Photo »
FILE - In this Nov. 9, 2011 file photo, Republican presidential candidate former House Speaker Newt Gingrich speaks during a Republican Presidential Debate at Oakland University in Auburn Hills, Mich. Rising in national polls, Gingrich found himself on... View Photo »
The Federal Home Loan Mortgage Corporation ("FHLMC") NYSE: FRE, commonly known as Freddie Mac, is a government-sponsored enterprise (GSE) of the United States Government. As a GSE, it is a stockholder-owned corporation authorized to make loans and loan guarantees. The FHLMC was created in 1970 to expand the secondary market for mortgages. Along... Full Article
WASHINGTON, DC - DECEMBER 01: (L-R) Freddie Mac CEO Charles Haldeman Jr. , Federal Housing Finance Agency Acting Director Edward DeMarco and Fannie Mae President and CEO Michael Williams testify before the House Financial Services Committee's Oversight and Investigations Subcommittee...
View Photo »WASHINGTON, DC - DECEMBER 01: Freddie Mac CEO Charles Haldeman Jr. testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. The CEO testified to the subcommittee about oversight of the Federal Housing...
View Photo »WASHINGTON, DC - NOVEMBER 16: Charles Haldeman Jr. , president and CEO of Freddie Mac, speaks during a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The committee is hearing testimony on whether Fannie Mae and Freddie...
View Photo »Charles "Ed" Haldeman Jr. , Chief Executive Officer of Freddie Mac, speaks at Boston College's Chief Executive's Club of Boston luncheon in Boston, Massachusetts October 26, 2011. Haldeman will step down by the end of the year, the regulator of the company said on Wednesday. The Federal...
View Photo »Ed Haldeman, CEO of Freddie Mac, gestures as he speaks at Boston College's Chief Executive's Club of Boston luncheon in Boston, Massachusetts October 26, 2011.
View Photo »US Treasury Secretary Timothy Geithner speaks during a press conference at the Treasury building on February 2, 2012 in Washington, DC. Geithner spoke about financial reform in 2012, saying more details are to come in the spring on the efforts by the administration of US President...
View Photo »WASHINGTON, DC - DECEMBER 16: Robert Khuzami (2nd R), Director of the U.S. Securities and Exchange Commission's (SEC) Enforcement Division, announces that the SEC has charged six former top executives of Fannie Mae and Freddie Mac with securities fraud, alleging they approved of...
View Photo »WASHINGTON, DC - NOVEMBER 16: (L-R) Michael Williams, president and CEO of Fannie Mae, and Charles 'Ed' Haldeman Jr. , president and CEO of Freddie Mac participate in a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The...
View Photo »House Capital Markets and Government Sponsored Enterprises subcommittee Chairman Rep. Scott Garrett, R-N.J. , the subcommittee overseeing Fannie Mae and Freddie Mac, talks about his proposals to restructure the market for buying and selling mortgage loans, known as the secondary mortgage...
View Photo »Housing advocates demonstrate outside during a speech by Charles "Ed" Haldeman, CEO of Freddie Mac, to Boston College's Chief Executive's Club of Boston luncheon in Boston, Massachusetts October 26, 2011.
View Photo »Attendees surf the internet at a Freddie Mac sponsored kiosk at the Independent Community Bankers of America's (ICBA) 2011 National Convention and Techworld in San Diego, California March 22, 2011.
View Photo »Republican presidential candidate Mitt Romney takes questions from supporters during a town hall meeting at the Horry-Georgetown Technical College Grand Strand Conference Center in Myrtle Beach, South Carolina, December 17, 2011. Romney sought to create doubts about rival Newt Gingrich...
View Photo »WASHINGTON, DC - DECEMBER 01: Federal Housing Finance Agency Acting Director Edward DeMarco testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. DeMarco and the CEOs of mortgage giants Fannie Mae and...
View Photo »WASHINGTON, DC - DECEMBER 01: Federal Housing Finance Agency Acting Director Edward DeMarco (L) talks with Fannie Mae CEO Michael Williams before testifying before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. ...
View Photo »WASHINGTON, DC - DECEMBER 01: Fannie Mae President and CEO Michael Williams testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. The CEOs testified to the subcommittee about oversight of the Federal...
View Photo »FILE - In this Nov. 21, 2011 file photo, Republican presidential candidate, former House Speaker Newt Gingrich speaks at a town meeting at St. Anselm College in Manchester, N.H. Gingrich has never been a conventional Republican and he certainly doesn't see it as the way to catch Mitt...
View Photo »FILE - In this Nov. 21, 2011 file photo, Republican presidential candidate, former House Speaker Newt Gingrich gestures during a news conference at St. Anselm College in Manchester, N.H. Gingrich has never been a conventional Republican and he certainly doesn't see it as the way to...
View Photo »Republican presidential candidate and former U.S. House of Representatives Speaker Newt Gingrich takes part in a South Carolina Republican party presidential debate in Spartanburg, South Carolina, in this November 12, 2011 file photo. Gingrich acknowledged on November 16, 2011 that he...
View Photo »WASHINGTON, DC - NOVEMBER 16: Michael Williams, president and CEO of Fannie Mae, participates in a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The committee is hearing testimony on whether Fannie Mae and Freddie Mac...
View Photo »WASHINGTON, DC - NOVEMBER 16: Chairman Darrell Issa (R-CA) participates in a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The committee is hearing testimony on whether Fannie Mae and Freddie Mac executives should be...
View Photo »WASHINGTON, DC - NOVEMBER 16: Michael Williams, president and CEO of Fannie Mae, looks at a monitor that reads 'Fannie and Freddie Still Owe Taxpayers $141 Billion', during a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC.
View Photo »National Peoples Action's Jordan Estevao, marching with the Freedom Plaza Occupation, Backbone Campaign & Economic Justice Allies, protests from a makeshift 'underwater home' November 10, 2011 to Demand Mortgage Correction in front of the Federal Housing Finance Administration (FHFA)...
View Photo »Demonstrators from the Freedom Plaza Occupation, Backbone Campaign & Economic Justice Allies protest November 10, 2011 to Demand Mortgage Correction in front of the Federal Housing Finance Administration (FHFA) in Washington, DC. Demonstrators are demanding that the FHFA force Fannie...
View Photo »FILE - In this Nov. 9, 2011 file photo, Republican presidential candidate former House Speaker Newt Gingrich speaks during a Republican Presidential Debate at Oakland University in Auburn Hills, Mich. Rising in national polls, Gingrich found himself on the defensive Wednesday over huge...
View Photo »In this photo taken Sept. 27, 2011, a real estate sign is posted outside a newly listed home for sale, in Cincinnati. Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further. Freddie Mac says the average on a 30-year fixed mortgage...
View Photo »WASHINGTON, DC - DECEMBER 01: (L-R) Freddie Mac CEO Charles Haldeman Jr. , Federal Housing Finance Agency Acting Director Edward DeMarco and Fannie Mae President and CEO Michael Williams testify before the House Financial Services Committee's Oversight and Investigations Subcommittee...
View Photo »Although limits for loans backed by Fannie Mae and Freddie Mac remain at the reduced level, the reinstatement of the FHA loan limit is significant for a segment of buyers and sellers and a step in the right direction
By going to the Freddie Mac or Fannie Mae website. There is a lookup tool and all you have to do is put in your address and it will tell you whether your mortgage is one of those that is eligible for this program
Andrea Saul, a Romney spokeswoman, said the former Massachusetts governor's campaign will ‘look at the question of releasing tax returns during the next tax filing season.’ She said in a statement that Gingrich ‘is in no position to lecture anyone on disclosure’ because he has yet to release records abo...
The [poor get] their Welfare from TANF. He gets his from Freddie Mac
Newt Gingrich is in no position to lecture anyone on disclosure. We are still waiting to see the records he promised to release about his taxpayer funded work for Freddie Mac
There is not much support for the idea of removing the GSE charters from Freddie Mac and Fannie Mae ... And it's clear why. The housing GSEs have made an important contribution to homeownerhip and the housing finance system. We have a much more liquid and stable housing finance system that we would have...
His critics say that he contributed, especially I think to the terrible problems with the mortgage, failed mortgage giants Fannie Mae and Freddie Mac.
Even with this expansion we'll probably continue to fall short ... This only helps borrowers who are lucky enough to have their loans held or guaranteed by Fannie Mae or Freddie Mac. That's not everybody. There are many, many millions of homeowners whose loans don't fall into that category.
FHA is a disaster in the making. If we're not careful, it may become Fannie Mae and Freddie Mac the sequel
the same twisted logic that allowed him to accept as much as $1.8 million in ‘consulting fees from Freddie Mac for eight years, while claiming he never lobbied for the mortgage company.
Go back and look at the lobbyists he was close to at Freddie Mac.
Yeah, string him up! Barney Frank was close to lobbyists at Freddie Mac, and Gingrich should know, because those same lobbyists gave Newt $1.6 million
The ad uses several instances where Gingrich either aligned himself with liberals... It also bashes Gingrich for engaging in the kind of Washington insider behavior he has criticized in others, like his being paid at least $1.5 million by Freddie Mac, one of the troubled mortgage giants.
It is as a champion of a different kind of pay-for-play operation, Fannie Mae and Freddie Mac, that the congressman did the most damage to the country.
The box of cash I got from Freddie Mac was this big
During your testimony ... you identified no specific statute that prohibits FHFA from allowing Fannie Mae and Freddie Mac from developing principal forgiveness programs
For too long now, we have heard superficial excuses about why principal reduction programs are not feasible at Fannie Mae and Freddie Mac, despite a growing chorus of economists and other experts who believe these programs serve the long-term interests of taxpayers
Our government decided to take the Keynesian approach to economics by increasing the U.S. government debt and intervening in the marketplace with taxpayer money in a big way following the 2008 credit crisis. The government censured, or took over, Freddie Mac and Freddie Mac. Thus, the government indirec...
Freddie Mac and Fannie Mae's bottom lines and market share of the subprime market were shrinking by the height of the housing bubble, making them unlikely culprits for the overall excess of risky loans, and ruling out scenarios based on scapegoating those who pressed for friendly regulatory treatment fo...
In Barney Frank's case, go back and look at the lobbyists he was close to at Freddie Mac. All I'm saying is that everybody in the media who wants to go after the business community ought to start to go after the politicians who have been at the heart of the sickness which is weakening this country
He deserves to be considered a corrupt creature of Washington who helped usher in the Great Recession. Frank was among the Democrats who prevented scrutiny and reform of Fannie Mae and Freddie Mac when it could have prevented the economic collapse
Glass-Steagall is still defeated. No increase in capital ratios. And Fannie Mae and Freddie Mac still exist. It’s a disgrace.
Freddie Mac considers it to be a deceptive business practice that deliberately omits crucial data to the short sale lender ... Omission of higher offers causes short sale lenders to approve transactions without all the facts and we take a higher loss than we should.
Few House Members have made a bigger legislative mark, and arguably no one so expensively. Mr. Frank deserves to be forever remembered—and we'll help everyone remember him—as the nation's leading protector of Fannie Mae and Freddie Mac before their fall.
We do not have a crisis at Freddie Mac, and in particular at Fannie Mae, under the outstanding leadership of Mr. Frank Raines
