CEO Daniel Mudd

From the WSJ: Soured Loans Put Lenders on the Hook As home loans sour at a rapid clip, mortgage finance giants Fannie Mae and Freddie Mac are aggressively bouncing back defectively underwritten loans to lenders. The result: higher loan-loss reserves for the lenders and new headwind for banks trying to escape the housing downturn. For lenders such as Wells Fargo & Co., Bank of America Corp., J.P. Morgan Chase & Co. and Citigroup Inc., which are...  

Washington (ots/PRNewswire) - Fannie Mae (NYSE: FNM) wird den Kapitalbetrag der folgenden Wertpapieremissionen am unten angegebenen Einlösungstermin zu einem Einlösungspreis einlösen, der 100 Prozent der eingelösten Kapitalsumme zzgl. von darauf bis zum Tag der Einlösung aufgelaufenen Zinsen entspricht: (Alle Währungsangaben in US- ...  

WASHINGTON, Dec. 4 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:  

BenzingaFannie mae sells $3 bln 2-year benchmark notesReutersNEW YORK, Dec 3 (Reuters) - Fannie Mae (FNM.N) (FNM.P), the largest US home funding company, on Thursday sold $3 billion of new two-year benchmark notes, ...Fannie Mae Prices New Issue 2-Year Benchmark Notes - Quick FactsRTT NewsFannie Mae Prices New Issue 2-Year Benchmark Notes(R) due January 12, 2012PR Newswire (press release)Fannie Sells $3B 2-Year Notes At Treasurys +25 BPSWall...  

Mortgage-Bond Yields Jump to Highest in Month After Jobs DataBloomberg4 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities climbed to the highest in almost a month amid signs the employment market is ...Calendar Of Investment-Grade Debt: Agency BillsEasyBourse.comLenders Face Headwind as Fannie, Freddie Bounce Back LoansWall Street Journalall 7 news articles »  

Education Realty Trust Closes $48 Million Expansion of Fannie Mae Credit FacilityCNNMoney.com (press release)2, 2009 (GLOBE NEWSWIRE) -- Education Realty Trust, Inc. (NYSE:EDR) today announced the closing of a $48 million expansion of its existing Fannie Mae master ...and more »  

Fannie Mae to offer new 2-year Benchmark NotesMarketWatchSAN FRANCISCO (MarketWatch) -- Fannie Mae (NYSE:FNM) will offer 2-year Benchmark Notes and auction a $1-billion reopening of its 5-year Benchmark Notes, ...Fannie Mae to sell new 2-yr, 5-yr reopened notesReutersFannie Mae Reveals Auction Results For Reopening Of 5-Year Benchmark Notes ...RTT NewsFannie Mae RedemptionCNNMoney.com (press release)Reutersall 39 news articles »  

Real Estate News | BiggerPockets.com (blog)Systemic Risk and Fannie MaeWall Street JournalThe result: "[G]iven 1990 levels of capital, both Fannie Mae and Freddie Mac had sufficient capital to survive." In reality, it took barely a year of ...What homeowners need to know about Fannie Mae's 'Deed for Lease'NewsChannel5.comMeet Your New Landlord: Uncle Sam (aka Fannie Mae)Real Estate News | BiggerPockets.com (blog)Breakingviews.com A US Parallel...  

BenzingaFannie Sells $3B 2-Year Notes At Treasurys +25 BPSWall Street JournalCitigroup Global Markets, JP Morgan Securities and Morgan Stanley are the leads on the deal. Most of the buyers of the deal were domestic investors, ...Fannie mae sells $3 bln 2-year benchmark notesReutersFannie Mae Prices New Issue 2-Year Benchmark Notes(R) due January 12, 2012PR Newswire (press release)Fannie Mae launches $3 bln new 2-year note issueReutersall 28...  

SAN FRANCISCO (MarketWatch) -- Fannie Mae will offer 2-year Benchmark Notes and auction a $1-billion reopening of its 5-year Benchmark Notes, the mortgage servicer said Wednesday. Both tranches will be priced on Thursday and settled on Friday. Citigroup Global Markets, J.P. Morgan Securities and Morgan Stanley are the joint lead managers for the 2-year deal.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they...  

Whose fault is it that the federal agency that oversees five trillion dollars in mortgages hasn't had an independent inspector general for months? Not ours, say Federal Housing Finance Agency officials, insisting that they notified Congress about the problem and pressed the Obama administration "multiple times" to appoint someone to the position tasked with rooting out wrongdoing at Fannie Mae, Freddie Mac and the Federal Home Loan Bank. In...  

by Tina Merritt Effective December 12, 2009, Fannie Mae begins implementing new, tightened lending standards.   Among the new guidelines, borrowers who are putting at least 20% down will need to have a minimum credit score of 620 (the current score is 580).  The new cutoff for total debt cannot exceed 45% of borrower's monthly income. Why the tightened standards?  On average, loans to borrowers with less than a 620 credit score are...  

As the Federal Housing Administration (FHA) considers raising the minimum credit score requirement for new borrowers to reduce risks to the single-family insurance fund, Fannie Mae (FNM: 0.90 -2.17%) has increased the minimum borrower credit score from 580 to 620. Brian Faith, a spokesperson at Fannie, confirmed the minimum hike to HousingWire, adding that the adjustment [...]  

Sold At The Top submits: Decades from now, the summer of 2008 will likely be remembered to mark the turning point where legislative blundering took an otherwise serious financial crisis and molested it into an epic financial collapse.Complete Story »  

It seems that the end of the recession notices via positive GDP has not reached Main Street America, at least as far as paying for their single-family house.  Fannie Mae (NYSE: FNM) has just reported its October 2009 data and the figures are not getting better.  The serious delinquency rates are astronomical.  We would note [...]