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19 Jan 2010, 7:26 am
Aside from giving the global financial markets confidence that treasury was standing firmly behind Fannie and Freddie - confidence further buttressed by the year-end lifting of funding caps - it also had the secondary effect, a probably-intended consequence, of holding down interest rates by essentially printing money. [read post]
19 Jan 2010, 6:15 am
Fannie, Freddie Turning around the U.S. housing market is one of Obama's top priorities, Lawrence Summers, the president's top economic adviser, told reporters yesterday. [read post]
17 Jan 2010, 9:11 am
On January 12, 2010, Freddy Deoliveira, a New York Presbyterian Hospital (NYPH) purchasing official pleaded guilty to conspiring to rig bids on re-insulation services contracts for the hospital. [read post]
16 Jan 2010, 11:01 am
Another one bites the dust, as Freddy Mercury would have said. [read post]
16 Jan 2010, 7:19 am
This is in addition to the approximately 2,300 other lenders who service GSE loans (owned or guaranteed by Fannie Mae or Freddie Mac).The report relates the following steps made in the permanent mortgage modifications (by "waterfall steps") : 1. interest rate reduction (100% of mortgages), 2. term extension (43.2% of mortgages), and 3. principal forbearance (26.6% of mortgages).Jordan E. [read post]
15 Jan 2010, 11:07 am
Total funding provided under these agreements through the third quarter has been $51 billion to Freddie Mac and $60 billion to Fannie Mae. [read post]
14 Jan 2010, 7:47 pm
He meant all the rest of the unpaid balance of the $700 billion given to entities like the effectively nationalized Freddie Mac and Fannie Mae and auto makers GM and Chrysler (whose big labor unions have done so much to make the auto makers uncompetitive with their foreign counterparts while solidly supporting the Democratic Party), none of whom have paid a nickel back (nor will likely ever pay any of it back), and none of whom will be subject to the "financial crisis responsibility… [read post]
10 Jan 2010, 5:56 am
Julie Hill (Houston) followed with a paper "Bailouts and Credit Cycles: Fannie, Freddie, and the Farm Credit System. [read post]
8 Jan 2010, 2:16 pm
What if Weatherproof and its president, Freddie Stollmack, held out? [read post]
8 Jan 2010, 7:46 am
Mozilo needn't have answered to the New York Times, but he needed to be answerable to Fannie and Freddie. [read post]
7 Jan 2010, 8:27 pm
Remarkably, the Administration proposed no significant reforms of Fannie and Freddie. [read post]
6 Jan 2010, 8:25 pm
Freddy, formerly at League of Ordinary Gentlemen, has set up shop (again) on his own account at L'Hôte. [read post]
5 Jan 2010, 7:44 am
As revealing as a fingerprint: risk curves As I posted in quoting former Federal Reserve Chairman Alan Greenspan: Fannie Mae (Fannie) and Freddie Mac (Freddie) essentially run two lines of business: 1. [read post]
4 Jan 2010, 8:44 am
However, as this decision was being made, Fannie Mae and Freddie Mac's executives said they received approval to pay $42 million in "Wall Street style compensation" to their top 12 executives for 2009. [read post]
4 Jan 2010, 6:05 am
The Deal Professor takes a look at the government's Christmas Eve surprise: hefty cash bonuses for the executives at Fannie Mae and Freddie Mac. [read post]
4 Jan 2010, 3:00 am
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1 Jan 2010, 9:18 am
Jobless claims dip sharply Fannie and Freddie costing US taxpayers $400 billion How 5 law grads survivied the recession WSJ's Nathan Koppel "2010: A Law Odyssey" [read post]
31 Dec 2009, 6:21 pm
To determine whether Fannie or Freddie own your loan, just go to the Fannie Mae lookup tool and the Freddie Mac lookup tool. [read post]
31 Dec 2009, 9:36 am
Some of these companies include well known giant corporations like Citigroup Inc, Fanny Mae and Freddie Mac, GM, American International Group and GMAC Financial Services. [read post]
31 Dec 2009, 7:47 am
The second runner up with nearly 28% of the votes was this disclosure back in September about Freddie Mac's (FRE) decision to give its new CFO a $1.95 million signing bonus and a host of other goodies - something that seemed particularly outrageous given Freddie Mac's reliance on the government to stay afloat. [read post]