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Fannie Mae

A collection of news and information related to Fannie Mae published by this site and its partners.

Top Fannie Mae Articles see all

Displaying items 1-5
  • Elder Scare

    Elder Scare
    The Baltimore City fire marshal fined an assisted-living facility $2,500 for bolting five separate doors shut last week, after a medical call brought inspectors in for an unscheduled inspection. 
  • Lender CEO Guilty in $3 Billion Fraud

    A federal jury on Tuesday found the flamboyant founder and CEO of bankrupt Florida mortgage lender Taylor Bean and Whitaker guilty of fraud. Lee Farkas appears to be the first CEO convicted of a crime in the five-year-old mortgage crisis. He faces life in...

    Taylor Bean Criminal Trial Underway

    Many words have been written about the alleged fact that "nobody goes to jail"  for the giant theft perpetuated on us all. But one guy—Taylor Bean and Whitaker  founder Lee Farkas—is now on trial for fraud in Virginia. According to testimony...

    Primer on the Federal Bailout of Fannie Mae and Freddie Mac

    Who are Fannie and Freddie?: Fannie and Freddie are private corporations implicitly (until Saturday; now explicitly) backed by the federal taxpayers. Congress chartered both companies (Fannie in 1938, Freddie in 1970) to "create liquidity" in the mortgage...

    What Are We About to Buy for $1 Trillion?

    On Sept. 18, Treasury Secretary Henry Paulson announced that he would seek approval from Congress to create a new government entity to buy assets from U.S. financial firms, to relieve those companies of their debt and prevent a collapse of the Western...