Mortgage giants Fannie Mae, Freddie Mac proving too big to shrink – San Jose Mercury News
WASHINGTON — The government’s Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is aimed at making sure the housing market doesn’t take another turn for the worse and cause the economic recovery to …
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NEW YORK (AP) — Government-sponsored mortgage purchasers Fannie Mae and Freddie Mac plan to delist their shares from the New York Stock Exchange. The companies’ regulator, the Federal Housing Finance Agency, said … Go to Source…
… Congress was a plan for dealing with the moribund mortgage giants Fannie Mae and Freddie Mac, seized by the government nearly two years … At a recent Washington conference involving the major players in housing, Go to Source…
The Obama administration’s decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie … Spencer Bachus of Alabama, the ranking Republican on the House Financial Services Committee, said that the timing of … Go to Source…
The Obama administration’s decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie … Spencer Bachus of Alabama, the ranking Republican on the House Financial Services Committee, said that the timing of … Go to Source…
WASHINGTON – The Obama administration wants to shrink the government’s role in the mortgage system — a proposal that would remake decades of federal policy aimed at getting Americans to buy homes and would probably make home loans more expensive across … Go to Source…
WASHINGTON—The Mortgage Insurance Companies of America spent $1.12 million to lobby the federal government on housing, insurance and other issues in the second quarter of 2011, according to a disclosure report. That’s up about 11 percent from the $1.01 … Go to Source…
WASHINGTON — The chief executives of Fannie Mae and Freddie Mac each could earn as much as $6 million this year and next, despite huge continued losses at the seized mortgage giants and a government bailout tab of more than $100 billion that the Obama administration said could rise even higher Go to Source…
The Obama administration on Friday released its long-awaited proposal for overhauling the mortgage market, calling for gradually shutting down bailed-out Fannie Mae and Freddie Mac and reducing the government’s now huge role in housing finance. The 37 … Go to Source…
WASHINGTON—Rates on fixed mortgages edged up again this week after hitting their lowest level in decades last month. Freddie Mac said Thursday that the average rate for 30-year fixed loans rose to 4.46 percent from 4.40 percent last week. Three weeks ago … Go to Source…
Treasury Secretary Timothy Geithner pledged ‘fundamental change’ to the structure of mortgage giants Fannie Mae and Freddie Mac, which profited tremendously during good times but burdened taxpayers with losses when the housing market went bust. (Aug. 17) Go to Source…
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