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11 Jul 2008, 4:27 am
Granted, he rarely does play by play but he does do horse racing and since I'm a racing fan, I am subjected to his obnoxious attempts at humor far too often then is good for me.UPDATE: CBS announced this morning, in an announcement that made a Monday that was already a good one following the actions of Paulson and Bernanke in backstopping Fannie Mae and Freddie Mac, that Billy Packer won't be returning to CBS Sports next season. [read post]
10 Jul 2008, 9:04 pm
THE FANNIE MAE / FREDDIE MAC DOOMSDAY SCENARIO. [read post]
10 Jul 2008, 4:40 pm
This news about the potential, I'm tempted to say "looming", insolvency of Freddrie Mac and Fanny Mae is deeply troubling. [read post]
10 Jul 2008, 12:16 pm
With shares of Fannie Mae and Freddie Mac continuing to decline, the Bush administration has held talks about a contingency plan should the mortgage giants falter, The Wall Street Journal reported citing three people familiar with the matter. [read post]
9 Jul 2008, 4:39 pm
The late 1990's saw the beginning of a housing boom, brought on by Federal programs which made buying a home easier through government-sponsored loan programs; such as Fannie Mae and Freddie Mac. [read post]
8 Jul 2008, 11:45 am
One of the strongest warning signs came Monday, when shares of the nation's most important mortgage companies, Fannie Mae and Freddie Mac, plummeted. [read post]
8 Jul 2008, 3:42 am
FANNIE MAE AND FREDDIE MAC: "Note that, even if Fannie and Freddie obtain an exemption from new accounting standards, that doesn't make them adequately capitalized. [read post]
7 Jul 2008, 7:07 pm
Today the value of Fannie Mae and Freddie Mac have fallen about 16-18% in part because of new accounting rules that might force them to bring questionable off-balance sheet assets onto... [read post]
7 Jul 2008, 4:41 pm
That’s his. ~ Oscar Wilde God made woman beautiful and foolish; beautiful, that man might love her; and foolish, that she might love him. ~ Unknown Young men want to be faithful, and are not; old men want to be faithless, and cannot. ~ Oscar Wilde It’s not the men in my life that counts, it’s the life in my men. ~ Mae West A man may conquer a million men in battle but one who conquers himself is, indeed, the greatest of conquerors. ~ Buddha Women… [read post]
3 Jul 2008, 5:00 pm
No. 110-289, 122 Stat. 2654 (2008) (creating new "independent" federal regulator of Fannie Mae and Freddie Mac appointed by President with advice and consent of Senate and removable for cause by President). [read post]
1 Jul 2008, 3:56 am
Bank of America is selling at half the price it was one year ago.(...)Countrywide is holding some $34 billion in worthless second mortgages and faces potential fines in the billions that will be owed to Fannie Mae and Freddie Mac if fraud is proved in its mortgage issuance, as is alleged in dozens of lawsuits.Nouriel Roubini, the New York University economist who predicted the step-by-step meltdown in the financial system last February, warns that Lewis' wrong move will cost… [read post]
26 Jun 2008, 12:18 pm
This morning's Washington Post: "In a sign of continuing trouble in the housing market, mortgage delinquency rates doubled over a 12-month period at Fannie Mae and Freddie Mac, the two industry giants reported yesterday. [read post]
24 Jun 2008, 5:42 pm
Fannie Mae and Freddie Mac recently announced they would cease purchasing mortgages insured by Triad Guaranty, the smallest of the seven private mortgage insurers that make up most of the market. [read post]
24 Jun 2008, 3:05 pm
Two weeks ago, former Fannie Mae CEO Jim Johnson, one of the original three appointed to conduct Obama’s VP search, tapped out after the WSJ reported on favorable loans he received from Countrywide Financial. [read post]
16 Jun 2008, 1:11 am
Democrats in Congress are trying to pass a bailout for mortgage borrowers and lenders like Countrywide, and they have been holding reform of Fannie Mae and its cousin Freddie Mac hostage to get President Bush to agree. [read post]
12 Jun 2008, 2:48 pm
[New York Times] * Former Fannie Mae exec James Johnson quits as VP vetter for Obama, in the wake of controversy over some of his financial and business arrangements. [read post]
11 Jun 2008, 3:25 pm
* Questions have been raised concerning the financial arrangements and compensation of James Johnson, the former Fannie Mae exec in charge of vetting possible Obama running mates. [read post]
10 Jun 2008, 8:43 am
Dick Durbin on June 5, 200806/09/2008
Letter to Commodity Futures Trading Commission Acting Chairman Walter Lukken From Five Senators (PDF 51 KB) Letter Requests CFTC to Exercise Emergency Authority to Require Disclosure From Institutional Investors that Use Swaps Dealers06/09/2008
Letter to Environmental Protection Agency Administrator Stephen Johnson From House Oversight and Government Reform Chairman Henry Waxman (PDF 763 KB)Letter Regarding a Proposed Rule to Modify the New… [read post]
8 Jun 2008, 1:47 pm
Contact information for their firms can be found under “Accounting” in the Service Directory RESERVE FOR INSURANCE DEDUCTIBLE QUESTION: Because of the new Fannie Mae guidelines, our board wants to set up a fund for insurance deductibles. [read post]
7 Jun 2008, 8:57 pm
Another simple truth is that it is harder to get conventional financing for properties in common interest developments because the largest purchasers of residential loans in the country - namely FNMA and FHLMC (more commonly known as Fannie Mae and Freddie Mac - sounds like something right out of the Flintstones) have limits on purchasing loans in high percentage rental communities. [read post]
