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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
  • 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 world's financial system. Paulson repeatedly referred to the new entity as the "Troubled Asset Relief Program," or TARP.
  • 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...

    Fannie-Freddie Updates

    The Chief Financial Officer of Freddie Mac apparently committed suicide this morning or last night. The New York Times says there is no way to know yet whether his death is related to an ongoing investigation of Freddie's finances. Meanwhile, Fannie...

    AIG Makes Profit, Fannie & Freddie Lose Billions

    AIG reported a $1.8 billion quarterly profit as Maurice "Hank" Greenberg, the company's former long-time über boss, paid $15 million to the SEC to settle (unrelated) fraud charges. Quoth the WSJ: Shares were up 18% at $26.49 around midday Friday after...

    Mortgage Modifications Redefaulting at Increasing Rate

    New reports show redefaults of modified mortgages have doubled. It's still a small number—something like one percent of the modded mortgages. But people who watch these things expect the number to increase, both in absolute and percentage terms....