fannie mae

Banks could face another mortgage crisis, according to Barron's, if they are forced to buy back subprime, Alt-A and options adjusted home mortgage securities they've sold prior to the financial crisis, mostly as mortgage-backed securities. Already some buyers, like Fannie Mae (FNMA) and Freddie Mac...

Freddie Mac said today that the rate on a 30 year fixed morrtgage rose to 4.39%, the highest it's been since August. How does this help the lagging housing recovery if rates are continuing to climb? "Retail sales rose by nearly twice the consensus in October and represented the strongest gain...

Should the government get out of the housing business? Many believe they should, but given the fact that there is no playbook on how to remove Fannie Mae and Freddie Mac, many expect nothing to happen. “Nothing. Absolutely nothing," will happen, says Bethany McLean. "No one knows what to do, and...

Fannie Mae fully endorses the Policy Outline for Dealing with Possible Foreclosure Process Deficiencies released today by the Federal Housing Finance Agency. These principles reinforce the directive issued by Fannie Mae last week, requiring our servicers to undertake a review of their policies and...

The debate among Congress, the Administration, bankers, and financial experts has raged on since Fannie Mae and Freddie Mac collapsed into the arms of the federal government. Their portfolios of bad mortgages grew so great that they required tens of billions of dollars of taxpayer money. By many...

A US District Judge has ruled that a group of lenders can foreclose on Peter Cooper Village and Stuyvesant Town (from now on collectively referred to as Stuy Town). There are quite a few interesting substories to this latest chapter in one of the largest (and worst) real estate...

Word broke recently of Fannie Mae’s first quarter results.  The verdict? An $13.1 billion loss. As a result, Fannie is asking the federal government for $8.4 billion in assistance, tapping into its currently unlimited line of credit.  The announcement comes less than a week after smaller...

Former Chief Executive Officer of Fannie Mae (NYSE: FNM), Daniel Mudd, accepted responsibility for the firm’s failings. At a hearing before The Financial Crisis Inquiry Commission, he said, “I was the CEO of the company and I accept responsibility for everything that happened on my watch.” The...

The sleeping giants that are Fannie Mae and Freddie Mac (NYSE: FNM) (NYSE: FRE) came to life this afternoon on speculation the government might restrict short selling in financials which they currently hold an interest. Both Fannie Mae(FNM) and Freddie Mac(FRE) are currently up substantially on...