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26 Jan 2009, 1:46 am
With Fannie and Freddie repossessing homes faster than they could sell them, the companies were left with 95,553 REO properties to dispose of at the end of September -- a 25.5 percent increase in just three months.The article goes on to suggest that 75% of all distressed properties have yet to hit the market.We are cautioned that banks are going to start offering these properties for sale in large numbers. [read post]
25 Jan 2009, 5:06 am
• Freddie Mac plans to ask the U.S. [read post]
23 Jan 2009, 4:31 pm
Freddie Mac, the big struggling mortgage company, said late Friday that it would need an additional $30 billion to $35 billion in government aid as it copes with billions of dollars in losses on the bad loans it backed during the nation's housing bubble. [read post]
21 Jan 2009, 7:10 am
That deal was structured so that the Government's investment did not force shareholders to take a huge hit on their stock positions - unlike the bailouts for Bear Stearns, Fannie Mae, and Freddie Mac.When asked about the demands of the job, Bason seems to take it all in stride, describing the work as "a thrill. [read post]
20 Jan 2009, 5:00 am
The people with whom the Chamber and the Institute do battle are not the people who invented or allowed the great pyramid schemes which brought down Freddie Mac and Fannie Mae. [read post]
17 Jan 2009, 12:46 pm
Fannie Mae and Freddie Mac, the giant mortgage investors, have now pushed a "home valuation code of conduct. [read post]
17 Jan 2009, 5:36 am
Wall Street did get "drunk" but Washington had set up the open bar.For that matter, most everyone else was also drinking the free booze: from homebuyers who put nothing down for a loan, to a White House that bragged about record home ownership, to the Democrats who promoted and protected Fannie Mae and Freddie Mac. [read post]
15 Jan 2009, 8:36 am
" Others can't profitably refinance, often because they hold jumbo mortgages, those above the $625,000 limit for loans that can be bought or guaranteed by Fannie Mae or Freddie Mac in the highest-cost areas.I reiterate that I am not an expert in mortgages, but I suspect a lot of people are frustrated by the incongruity of being unable to lower their monthly mortgage payments on account of the fact that they have bad credit. [read post]
14 Jan 2009, 6:13 am
Summerlin says Fannie/Freddie had an incentive problem - they could "privatize profits and socialize losses. [read post]
14 Jan 2009, 6:13 am
Summerlin says Fannie/Freddie had an incentive problem - they could "privatize profits and socialize losses. [read post]
12 Jan 2009, 11:49 pm
Terror experts warn next 9/11 could fall on different date.Think Fannie Mae and Freddie Mac were a politicized financial disaster? [read post]
12 Jan 2009, 6:38 pm
JON ENTINE: Think Fannie Mae and Freddie Mac were a politicized financial disaster? [read post]
12 Jan 2009, 12:45 pm
Freddie Mac released on Friday, January 10, 2009, the results of its Primary Mortgage Market Survey (PMMS). [read post]
12 Jan 2009, 6:00 am
What used to be the "off-topic posts" will now go there, and right now, you can read about the late trumpet player Freddie Hubbard, six movies I liked, and Al Kooper. [read post]
8 Jan 2009, 5:47 am
The business of Fannie Mae and Freddy Mac was never simple enough for the average investor to understand. [read post]
8 Jan 2009, 5:09 am
The people with whom the Chamber and the Institute do battle are not the people who invented or allowed the great pyramid schemes which brought down Freddie Mac and Fannie Mae. [read post]
8 Jan 2009, 1:08 am
Resurrecting corporate America after the failure of governanceBricker & Eckler LLP"AIG, Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers et al. are the result of a fundamental flaw in governance of corporate America: failure to provide independent oversight of management in the governance of these organizations. [read post]
7 Jan 2009, 12:18 am
Finally, Fannie and Freddie Mac grew to hold over half of the U.S. mortgage market. [read post]
6 Jan 2009, 9:16 am
by Stephen Greenspan, from the Wall Street Journalhttp://online.wsj.com/article/SB123093987596650197.htmlIntelligent people have long been ruined by frauds. [read post]
6 Jan 2009, 1:08 am
Within the space of just a few short weeks, the government took control of Fannie Mae and Freddie Mac; the FDIC took over Washington Mutual, in the largest U.S. bank failure ever; Lehman Brothers collapsed, in the largest U.S. bankruptcy ever; Bank of America agreed to acquire Merrill Lynch in a government brokered deal; the government undertook a massive bailout of AIG; Congress enacted a colossal $700 billion bailout package; and Wells Fargo agreed to acquire Wachovia. [read post]