CEO Daniel Mudd

May 25 (Reuters) - The following are scheduled sales announcement dates for potential Freddie Mac reference, Fannie Mae benchmark and FHLB global notes for 2012. Freddie Mac and Fannie Mae said the dates below are windows of optional note issuance.  

May 25 (Reuters) - The following is a list of scheduled U.S. agency bill sales from Fannie Mae and Freddie Mac for 2012. Freddie Mac said 3-month and 6-month bills will be auctioned every week. In addition, 1-month and 12-month auctions are ...  

Here is a look at real-estate news in Friday's WSJ: Fannie CEO Search Now Down to Two: Fannie Mae has narrowed its search for a new chief executive to two finalists and could soon offer the position to Timothy Mayopoulos ...  

"The board has conducted a comprehensive evaluation of capable and interested candidates to select the best leader for Fannie Mae," Kelli Parsons, a Fannie Mae spokeswoman, told Reuters by email. "We expect the search process to conclude soon."  

"The board has conducted a comprehensive evaluation of capable and interested candidates to select the best leader for Fannie Mae," Kelli Parsons, a Fannie Mae spokeswoman, told Reuters by email. "We expect the search process to conclude soon."  

(Reuters) - Fannie Mae could soon offer its top job to Timothy Mayopoulos, the government-controlled mortgage firm's general counsel, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company has also identified mortgage insurer Radian Group Inc's CEO, S.A. Ibrahim, as an alternate choice if Mayopoulos does not take the helm, the Journal said, citing the sources. A Fannie Mae representative was not...  

May 24 (Reuters) - Fannie Mae could soon offer its top job to Timothy Mayopoulos, the government-controlled mortgage firm's general counsel, the Wall Street Journal reported on Thursday, citing people familiar ... Agency in 2009 as general ...  

Daniel Mudd is fighting to clear his name after being forced out as CEO of Fannie Mae Fannie Mae Latest from The Business Journals MGIC slow in return to profitability 30-year mortgages still below 4% 30-year mortgages still below 4% Follow this ...  

May 23 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $1.0 billion of benchmark bills at lower interest rates compared with last week's sale of similar maturities. Fannie Mae sold $500 million of three ...  

The Senate bill would add the shallow loss program on top of that. If a producer's revenue fell below 89 percent of a baseline, the farmer could file a claim. A coalition of farm groups, including the American Farm Bureau Federation, supported ...  

With the national debt ballooning and the federal deficit still well over $1 trillion, you'd think lawmakers would be determined to seriously scale back taxpayer support for agriculture. But you'd be wrong. True, the farm bill endorsed recently ...  

True, the farm bill endorsed recently by the Senate Agriculture ... Government crop insurance is heavily subsidized. The taxpayers supply 62 percent of the premium, an annual cost that has risen in constant dollars from $1.2 billion in 2000 ...  

May 21 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Monday it will sell $1.0 billion of bills on Wednesday. The company will sell $500 million of three-month bills due Aug. 22, 2012, and $500 million of six-month bills ...  

The Export-Import (Ex-Im) Bank was started in 1934 as a way to help U.S. companies sell to the Soviet Union, where getting paid was often a dicey proposition.  In recent years, it has mostly financed and guaranteed loans on U.S. exports, says Investor's Business Daily. Unfortunately, the political agenda regarding the bank has made it increasingly unaccountable while simultaneously expanding its mandate and resources.  The end result, it seems...  

Some 10 percent of likely registered voters say they are underwater on their mortgage, deeply dislike loan giants Fannie Mae and Freddie Mac, and want the federal government out of the home loan business, according to a new poll on voter ...  

WASHINGTON, May 15, 2012 /PRNewswire/ -- Fannie Mae (FNMA.OB) priced its fourth Multifamily DUS REMIC in 2012 totaling $753 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on May 15, 2012. "Headlines ...  

Last year net farm income was a record $101 billion ... In exchange, however, the bill would create a "shallow loss" insurance program that could prove more expensive than the programs being scrapped. In recent years, insurance programs have become ...  

Last week Fannie Mae, one of the two mortgage giants in conservatorship with Freddie Mac, reported a $2.7 billion profit for the first time since the financial crisis. This seemingly good news may actually be a reason to finally do something about Fannie ...  

The latest release of the Fannie Mae Monthly Summary indicated that total serious single family delinquency declined slightly in March while remaining at distressed levels. In March, 2.93% of non-credit enhanced loans went seriously delinquent ...  

U.S. mortgage giant Fannie Mae said Wednesday it had returned to profitability and would not need Treasury aid for the first time since the financial crisis. Fannie Mae reported net income of $2.7 billion in the first quarter this year, after a net loss of $6.5 billion in the same period last year and a net loss of $2.4 billion in the previous quarter....  

News Summary: Fannie Mae earned $2.7B in Q1 Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 01:09 p.m., Wednesday, May 9, 2012 U.S. mortgage giant Fannie Mae reported a net income gain of $2.7 billion in the January-March quarter, it's first since it was taken over by the government during the 2008...  

Lower delinquency rates and lower credit-related expenses led to improved results for Fannie Mae, and, not counting its preferred stock dividend payments to the U.S. Treasury, it swung to a quarterly profit. The mortgage lender says it will not request another draw from its Treasury Department lifeline. Fannie Mae (OTC BB: FNMA) reports a first quarter net loss of $98 million, or 2 cents per share, compared to a net loss of $8.7 billion, or...  

Fannie Mae earns $2.7B in Q1, will pay gov't $2.8B Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 02:59 p.m., Wednesday, May 9, 2012 WASHINGTON (AP) — U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis. The...  

Between 2003 and 2006, home prices rose dramatically, but then fell abruptly in 2007 and thereafter.  While economists have put forth a number of factors that lent momentum to these trends, it seems altogether undeniable that the expansion of credit made available by government-sponsored enterprises (GSEs) played a role, says Nahid Kalbasi Anaraki of the Heritage Foundation. Financial institutions such as the Federal National Mortgage...  

During the investigation leading up to the lawsuit, Steve Dibert of MFI-Miami discovered a memo from Fannie ... in Traverse City who specializes in foreclosure defense and loan modifications for Fannie Mae and Freddie Mac mortgages.  

Internal documents cited Tuesday by a member of a House oversight committee show that officials at mortgage giant Fannie Mae concluded years ago that the company could "reduce its losses substantially" by lowering loan amounts for some troubled borrowers, The Washington Post reports. The new insights into Fannie Mae’s analyses about the potential benefits of so-called principal reduction surfaced in a letter from Rep. Elijah Cummings, D-Md...  

Officials at Fannie Mae and Freddie Mac, the government-sponsored enterprises taken into conservatorship in September 2008, may change their position on the use of forgiving principal as a foreclosure prevention tool, USA Today reports. The Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, may decide later this month, said Edward DeMarco, director of the FHFA while speaking Tuesday at the Brookings Institution. A...  

NEW YORK (TheStreet) -- Fannie Mae was the winner among the largest U.S. financial names on Wednesday with shares rising 13% in afternoon trading, to 29.7 cents. The mortgage giant reported first-quarter net income of $2.7 billion, following net losses of $2.4 billion in the fourth quarter and $6.5 billion during the first quarter of 2011. Shares of Freddie Mac -- which, together with Fannie Mae was taken under government conservatorship in...  

Fannie-Freddie regulator studying loan reductions Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 01:17 p.m., Tuesday, April 10, 2012 WASHINGTON (AP) — The federal regulator who oversees Fannie Mae and Freddie Mac is softening his position against allowing the mortgage giants to reduce principal for U.S...  

Conventional wisdom holds that taxpayers will never recoup the money they’ve poured in to prop up Fannie Mae and Freddie Mac, the government-controlled mortgage giants whose rescue has cost taxpayers nearly $150 billion to date. That ...  

MLS Number: 57611 List Price: $139,900 Property Type: Residential Street #: 403 Address: Coffey St City: N Wilkesboro State: NC Zip Code: 28659 Subdivision: Finley Park Middle School: Central Wilkes High School: Wilkes Central Bedrooms: 3 Full Baths: 3 Half Baths: 0 Neat house with a more room than it looks like. Bonus room over garage, lots of closet space, huge attic space for storage, new paint in kitchen [...]  

Fannie Mae had first-quarter profit, needs no new taxpayer funds - latimes.comWASHINGTON — Fannie Mae on Wednesday reported a $2.7-billion profit for the first three months of the year and will not need new taxpayer money for the first time since the government seized the housing finance giant in 2008.Fannie Mae said the improvement in its finances came from a slower decline in housing prices, a lower rate of homeowners behind on their...  

and now comes the best news yet: Fannie Mae says that for the first time since 2008, it won’t need money from the Treasury Department to balance its books. Fannie Mae, the biggest backer of U.S. home loans, used to brag that it would be safe ...  

Politics: In an unusual display of election-year bipartisanship, Democrats and Republicans have joined to renew the charter of the Export-Import Bank. Political triumph? Hardly. Ninety-three Republicans broke ranks with Speaker John Boehner, Majority Leader Eric Cantor and Majority Whip Kevin McCarthy to vote "no" on the renewal of the Ex-Im Bank. It still passed by a 330-93 vote, with 183 Democrats joining 147 Republicans on the "yes" side...  

BusinessWeek: Evidence is mounting that U.S. home prices are finally hitting bottom, and now comes the best news yet: Fannie Mae says that for the first time since 2008, it won't need money from the Treasury Department to balance its books. Fannie Mae, the biggest backer of U.S. home loans, used to brag that it would be safe from even a severe downturn in the housing market. That turned out to be tragically incorrect. It has drawn $117 billion...  

Progressives have been pressuring Federal Housing Finance Agency director Edward DeMarco to allow government backed mortgage giants Fannie Mae and Freddie Mac to reduce mortgage principal for troubled homeowners. DeMarco, whose agency regulates Fannie and Freddie, has been resisting that push, claiming that providing aid to homeowners would be detrimental to Fannie and Freddie’s (and [...]  

  Fannie Mae performed a magic trick this past quarter: they made a net profit including their dividend payment to Treasury for the first time since the fall of 2008 when they were taken into conservatorship. This week, Fannie Mae's 1Q 2012 earnings statement was actually an earnings statement. They posted a $2.7 billion profit, and were able to make a $2.8 billion payment to Treasury, covering the balance of the payment with a few hundred...  

WASHINGTON - U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis.Fannie said Wednesday that it earned net income attributable to common stockholders of $2.7 billio...  

Mortgage giant Fannie Mae on Wednesday reported a $2.7 billion profit during the first three months of the year, saying it would not require additional taxpayer aid for the first time since the government seized the troubled firm in 2008. Read full article >>  

Better Fannie Mae Q1 positive sign for housing market By MARCY GORDON The Associated Press Published May 9, 2012 09:22AM MDT Washington • U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis. Fannie on Wednesday reported that it...  

Fannie Mae headquarters in Washington, D.C. Photo by Flickr user futureatlas.com via a Creative Commons license. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Thursday's query:...  

The mortgage giant Fannie Mae announced today that it made $2.7 billion during the first quarter of 2012. For the first time since the beginning of the financial crisis, Fannie Mae will not ask the federal government for bailout funds. CNN reports the company will pay a dividend to the Treasury Department. CNN adds:  

U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis. Fannie said Wednesday that it earned net income attributable to common stockholders of $2.7 billion in the January-March quarter. Instead of seeking additional aid from taxpayers, the company will pay a dividend of $2.8 billion to the Treasury Department.  

U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis. Fannie said Wednesday that it earned net income attributable to common stockholders of $2.7 billion in the January-March quarter. Instead of seeking additional aid from taxpayers, the company will pay a dividend of $2.8 billion to the Treasury Department.  

Fannie Mae earned $2.7B in Q1, doesn’t’ seek aid By MARCY GORDON The Associated Press Published May 9, 2012 09:22AM MDT Washington •U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis. Fannie on Wednesday reported that it earned...  

Posted To: MND NewsWireFannie Mae joined Freddie Mac in showing significant improvement in its financial condition during the first quarter of 2012. The company reported today that it had a net income of $2.7 billion during the first quarter compared to a net loss of 2.4 billion in the fourth quarter of 2011 and $6.5 billion in the first quarter last year. As a result of these improved numbers the company, for the first time since it was...  

Fannie Mae reported enough profit in the first quarter to offset dividend payments to the Treasury and avoid another bailout from taxpayers. The government-sponsored enterprise reported $2.7 billion in net income for the first quarter, up from a $6.5 billion loss the same period last year. read more  

Fannie Mae, the biggest backer of U.S. home loans, said it won’t seek Treasury Department aid after reporting net income of $2.7 billion for the first quarter. The Washington-based company, which has operated under U.S. conservatorship since ...  

This morning Fannie Mae reported results for Q1 2012. Fannie Mae (FNMA/OTC) today reported net income of $2.7 billion in the first quarter of 2012, compared to a net loss of $6.5 billion in the first quarter of 2011 and a net loss of $2.4 billion in the fourth quarter of 2011. The significant improvement in the company’s financial results in the first quarter of 2012 was due primarily to lower credit-related expenses, resulting from a less...  

WASHINGTON, May 9, 2012 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today reported its first-quarter 2012 results and filed its quarterly report on Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the...  

In a potential turning point for one of the biggest financial crisis bailouts, Fannie Mae reported a first-quarter profit and—for the first time since the government seized it in 2008—does not need a quarterly infusion of taxpayer money. The $2.7-billion profit that the giant housing finance company posted Wednesday was its largest since the housing bubble burst in 2007 and is another signal that the real estate market finally might have hit...  

Fannie Mae reported that the Single-Family Serious Delinquency rate declined in March to 3.67%, down from 3.82% in February. The serious delinquency rate is down from 4.44% in March 2011, and is at the lowest level since April 2009. Some of the decline over the last two months is seasonal. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Freddie Mac reported that the Single-Family serious delinquency rate declined...  

Historically, say way, way back to 2007, if a lender made a loan written to Fannie Mae, Freddie Mac or Government Guidelines, they could sell that loan to any other lender, investor or to Fannie/Freddie/Govvie directly.  When lenders have a universal platform in which to underwrite it creates a commodity…in this instance a mortgage loan which looks the same, from an underwriting standpoint, at one bank as it does to another. Things have...  

Mortgage backer Fannie Mae reported the best quarterly results since before the housing meltdown, saying it did not need additional billions in tax funds for the quarter and that it believes losses on past mortgages peaked at the end of last year. The company also reported just enough profit in the three months ended March 31 to cover its latest payment to the Treasury Department, and predicted better profits ahead. The first quarter...  

WASHINGTON - U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It's the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis. Fannie on Wednesday repor  

U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It's the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis.  

Fannie Mae (OTC: FNMA), the government-controlled mortgage giant that was brought to its knees during the housing crisis, said Wednesday it had net income of $2.7 billion in the first quarter as home prices declined at a slower rate than in the previous quarter, and its book of business improved.  

Fannie and Freddie provide most of funds used for U.S. home mortgages, as they purchase and bundle loans made by banks and other lenders, attach loan guarantees, and then sell or hold securities backed by those mortgages. As of March 31 ...  

WASHINGTON, April 30, 2012 /PRNewswire/ -- Fannie Mae's (OTC Bulletin Board: FNMA) March 2012 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed...  

Last week, Fannie's smaller sibling, Freddie Mac, posted a first-quarter profit of $577 million. Fannie said it had benefited from a slower pace of home price declines, so it lost less money on sales of foreclosed properties. But the improvement could ...  

In a wrongful termination lawsuit against Fannie Mae, U.S. District Judge Rosemary Collyer ruled (PDF) Monday that the mortgage giant should be considered a private company and not a government actor. Caroline Herron, who had served as a Fannie Mae...  

The Federal Housing Finance Agency currently bars principal reductions on all other troubled loans backed by Fannie Mae and Freddie Mac on the grounds that it would hurt the companies’ finances. So far, FHFA officials have resisted political ...  

WASHINGTON, May 9 (Xinhua) -- U.S. mortgage giant Fannie Mae said Wednesday it had returned to profitability and would not need Treasury aid for the first time since the financial crisis. Fannie Mae reported net income of 2.7 billion dollars in the first ...  

Posted To: Secondary MarketsOne of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie Mae and Freddie Mac.  The FHFA itself now lists one of its goals to "build a single securitization platform" in the Strategic Plan for 2013-2017 this morning.  MBA President David Stevens recently addressed the concept, expressing concerns about the growing price and...  

For the first time since the government took it over in 2008, Fannie Mae said it does not need an infusion of taxpayer money. Fannie Mae said it believes its losses have peaked and even set aside $74.6 billion at the end of the first quarter to ...  

Posted To: MND NewsWireFannie Mae today released its National Housing Survey for the month of April. Respondents were slightly more optimistic about the direction of home prices as well as the economy in general. Today's report logged the highest level of economic confidence in the survey's history, but given that this particular survey began only two years ago, it can't be known how current figures would compare to the weaker points of 2008...  

NEW YORK—Mortgage finance giant Fannie Mae on Wednesday said that the government-sponsored company made its first quarterly profit since 2008. The company said that it made $2.7 billion in the quarter from January to March. By comparison, last year ...  

Officials at government-backed mortgage giant Fannie Mae concluded years ago that the company could “reduce its losses substantially” by lowering loan amounts for some troubled borrowers, according to internal documents cited Tuesday by the top Democrat on the House oversight committee. Read full article >>  

Anna Cuevas: Fannie Mae's Approval of Mortgage Principal Reductions Gets the Silent Treatment: Recent modifications to HAMP (Home Affordable Modification Program) made Fannie Mae and Freddie Mac eligible to receive incentives for providing homeowners with principal reductions. However, there has not been a commitment by the Federal Housing Finance Agency, which oversees Fannie and Freddie, to offer such reductions. Edward DeMarco, acting...  

Fannie Mae earned $2.7B in 1Q, doesn't seek aidAsbury Park PressMichael J. Williams, chief executive officer of Fannie Mae, listens during a House Oversight and Government Reform Committee hearing on executive compensation in Washington on Nov. 16. / BLOOMBERG | Associated Press WASHINGTON — US mortgage giant ...and more »  

The state’s tax department hasn’t decided whether to drop a tax exemption for mortgage companies Fannie Mae and Freddie Mac, three months after the treasurer asked for a change in the rules that would garner an estimated $5 million a year for the state and schools.  

Perhaps this old Doom friend could have chosen a better graphic on the 20th anniversary of Westray BL/BW (5/9 ’12): “Housing Bottom? Fannie Mae Won’t Seek Tax Dollars” Evidence is mounting that U.S. home prices are finally hitting bottom, and now comes the best news yet: Fannie Mae says that for the first time since 2008, it won’t need money from the Treasury Department to balance its books. The last time we checked the Fed was holding just...  

WASHINGTON — Fannie Mae, the government-backed mortgage financier, said on Wednesday that it made a profit in the first quarter and that it did not need additional bailout money — a first ... showed that writing down the mortgage principal ...  

Fannie Mae (OTC Bulletin Board: FNMA) recently announced that the company issued $7.1 billion of multifamily MBS in the first quarter of 2012, backed by new multifamily loans delivered by our lenders. Fannie Mae also resecuritized $2.6 billion of DUS MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program in the first [...]  

WASHINGTON — U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis. Fannie said Wednesday that it earned net income attributable to common stockholders of $ ...  

Shares of Fannie Mae (OTC: FNMA), a provider of liquidity and stability in the secondary mortgage market, surged in Wednesday’s trading session. The penny stock of FNMA ended the day 14.29% higher at $0.300, with volume up from daily average of 1.98 ...  

Posted To: MND NewsWireFannie Mae issued guidelines to its servicers today improve the timing and methods of handling pre-foreclosure sales, more commonly known as short sales . The new rules apply to all conventional mortgage loans held in Fannie Mae's portfolio, loans purchased for that portfolio but subsequently securitized into Fannie Mae mortgage backed securities (MBS) pools and those originally delivered as part of an MBS pool. While...  

U.S. Treasury officials are leaning toward recommending that Fannie Mae and Freddie Mac be replaced with a government safety net for the mortgage finance system and continued federal backing for loans to lower-income homebuyers, according to three people briefed on the discussions.  

WASHINGTON — U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis. Fannie said Wednesday that it earned net income attributable to common stockholders of $ ...  

WASHINGTON—U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis. Fannie said Wednesday that it earned net income attributable to common stockholders of $2 ...  

Rep. Linda T. S nchez, D-Cerritos, released a statement this week regarding the decision by Fannie Mae and Freddie Mac to participate in the "Keep Your Home California," state-run program which helps homeowners at-risk of foreclosure.  

Commercial Real Estate Loan Firm Seeking Funding Opportunities for Fannie Mae ...Houston ChronicleClopton Capital, a secondary market commercial real estate lender which provides commercial loans for income producing properties nationwide, is announcing they are actively looking for Fannie Mae and FHA commercial mortgage funding opportunities for ...Commercial Finance Firm Seeking Commercial Mortgage Funding Opportunities For ...DigitalJournal...  

WASHINGTON -- Mortgage giant Fannie Mae reported its first profit since it was taken over by the government during the 2008 financial crisis. Instead of seeking additional aid from taxpayers, the company will pay a dividend of $2.8 billion to the Treasury Department.  

Analysis of Fannie Mae’s and Freddie Mac’s interventions in the housing market suggests that their interventions have led to higher housing prices. Liquidating Fannie Mae and Freddie Mac is more likely to increase homeownership.  

WASHINGTON (Reuters) - Fannie Mae (FNMA.OB), the largest source of U.S. housing funds, on Wednesday said it would not need more taxpayer aid after posting a first-quarter profit of $2.7 billion to wrap up its steadiest quarter since being taken ...  

WASHINGTON -- U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis. Fannie said Wednesday that it earned net income attributable to common stockholders of $2 ...  

Government-backed Fannie Mae reported its first profitable quarter since the 2008 financial crisis, on Wednesday. The mortgage giant announced a net income of $2.7 billion during the first-quarter of 2012. That compared to a net loss of $6.5 ...  

Washington — U.S. mortgage giant Fannie Mae says it made money in the first three months of the year and is not seeking additional federal aid. It's the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis.  

WASHINGTON  — U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis. Fannie on Wednesday reported that it [...]  

(Please visit the site to view this media)Edward DeMarco, the regulator overseeing Fannie Mae and Freddie Mac, responds to the U.S. Treasury's recent push to have the firms forgive debts for some troubled homeowners who owe more than their homes are worth. Nick Timiraos has details on The News Hub. Photo: Bloomberg ...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.  

FNMA ) that hasn't happened since 2008: it didn't ask for a taxpayer handout.Fannie Mae reported a $2.7 billion first-quarter profit Wednesday, versus a net loss in the same quarter last ...  

Walker & Dunlop Closes $14 Million Fannie Mae Refinance Loan for Adirondack Lodge ... The loan was underwritten to a 64 percent loan-to-value with a 1.67x debt-service coverage ratio. Walker & Dunlop was able to structure the deal as a low-leverage Tier ...  

Area real estate agents who handle such transactions have acknowledged that they do take a long time to complete, and that delays often result in loss of the sale. But lenders are becoming more accommodating, though they have issues with short ...  

Despite a dose of bad news on the jobs front Friday, more Americans believe home prices and opportunities for buyers and sellers will increase over the next 12 months, Fannie Mae said Monday.  read more  

While it was the first time Fannie hasn't requested money since the crisis, Freddie has had four quarters when it did not seek government aid. Freddie requested $19 million for the January-March period, a relatively small request compared to previous quarters.  

Recent modifications to HAMP (Home Affordable Modification Program) made Fannie Mae and Freddie Mac eligible to receive incentives for providing homeowners with principal reductions. However, there has not been a ...  

The state-controlled housing lender, which backs around 27 percent of all mortgages in the United States, reported a net income of $2.7 billion for the ... will be able to recover some of the reserves. "We expect our financial results for 2012 to be ...  

WASHINGTON May 9 (Reuters) - Fannie Mae, the largest source of U.S. housing funds, on Wednesday said it would not need to request more taxpayer aid this quarter after posting a $2.7 billion profit in the first three months of the year.  

NEW YORK (MarketWatch) -- Fannie Mae said on Wednesday that it earned $2.71 billion in the first quarter, versus a year-ago loss of $6.47 billion. On a per share basis after accounting for preferred dividends, the company posted a loss of 2 cents, versus a loss of $1.52 a year ago. The firm said it put aside $2 billion this quarter for credit loss provision, compared to the $10.55 billion it set aside a year ago.Market Pulse Stories are Rapid...  

Remember all of those good guys from Fannie Mae, Lehman Brothers? Where are Jim, Tim, and Franklin now? Just in case you might have wondered how their ineptitude affected their lives after they ruined so many dreams and lives....let me refresh your memory: Where are Jim, Tim and Franklin now? Here's a quick look into the three former Fannie Mae executives who brought down Wall Street. Franklin Raines - was a Chairman and Chief...  

Ed DeMarco, the man who oversees Fannie Mae and Freddie Mac, is still mulling whether to allow permanent principal reductions on mortgages owned or guaranteed by the taxpayer-supported entities. DeMarco, acting director of the Federal Housing Finance Agency,...  

WASHINGTON — Pressure is mounting on a key federal regulator to allow mortgage giants Fannie Mae and Freddie Mac to reduce loan principal amounts for struggling homeowners, after disclosures that a plan to do just that was scuttled even though ...  

Fannie Mae allegedly approved a shared-appreciation program that may have saved the GSE $410 million in 2010. But, according to documents obtained by two lawmakers, the program was killed for ideological reasons. read more  

WASHINGTON, May 9 (Reuters) - Fannie Mae, the largest source of U.S. housing funds, on Wednesday said it would not need to request more taxpayer aid this quarter after posting a $2.7 billion profit in the first three months of the year.  

Fannie Mae reported that the Single-Family Serious Delinquency rate declined in February to 3.82%, down from 3.90% in January. This is down from 4.44% in February 2011. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Freddie Mac reported that the Single-Family serious delinquency rate declined to 3.57% in February, down from 3.59% in January. Freddie's rate is down from 3.82% in Feburary 2010. Freddie's serious...  

And while home prices continue to fall, most cities have reported smaller annual declines than in previous months. Fannie has received about $116 billion so far from the Treasury Department, the most expensive bailout of a single company.  

In the USA, the cover is in color on the outside but black and white on the inside ... We do not want you to receive unwanted e-mail from us. We try to make it easy to opt-out of any service you have asked to receive. If you sign-up to our e-mail ...  

One California lawmaker, Norma Torres (D-Pomona), wants to go further. What are the new Fannie Mae and Freddie Mac guidelines? Beginning June 15, mortgage servicers must answer short sale requests within 30 days. In some circumstances, a servicer may take ...  

The Obama administration has offered to subsidize the cost of those write-downs, and Fannie’s federal regulator has weathered heavy criticism from Democrats in recent months for resisting modifications that forgive debt. “Candidly ...  

The government-backed mortgage financier said it made a profit in the first quarter and that it does not need additional bailout money — a first since the federal government took it over in 2008.  

(EDGAR Online via COMTEX) -- Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations We have been under conservatorship, with the Federal Housing Finance Agency ("FHFA") acting as conservator, since ...  

WASHINGTON, March 30, 2012 /PRNewswire/ -- Fannie Mae's (OTC Bulletin Board: FNMA) February 2012 Monthly Summary is now available at www.fanniemae.com/portal/about-us/investor-relations/monthly-summary.html. The monthly summary report contains information about Fannie Mae's monthly...  

Bank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out ...LoanSafeLetters have been going out erroneously to borrowers with Bank of America letterhead stating the following: We have reviewed your request for a home loan modification under the freddie mac modification program. Unfortunately, your home loan is not ...and more »  

Don Masters and Rich Childers officiating. Mrs. Crowell died May 3, 2012, in Mineola. She was born Sept. 29, 1953, in Athens. She was preceded in death by her parents and a son, Matthew Crowell. Survivors include two sons, Michael Crowell and ...  

There are lots of condo buildings here as everywhere in US that have lost funding options during short sale process. They may have been FHA or Fannie approved in prior years but what about now? Cash only non investor occupied really doesn't leave an option does it? Foreclosure looks to be only possibility. Does anyone have another means to financing if delinquency rate is above 15% or rental limit exceeds 30%? I can't seem to find an answer...  

International City Mortgage, a residential mortgage direct lender since 1987 and approved Fannie Mae Seller/Servicer, announces the release of its new service retained Fannie Mae home loan product. International City Mortgage (ICM) today announced the ...  

Fannie Mae and Freddie Mac signed on to participate in Keep Your Home California, a $2 billion foreclosure prevention program intended to make it easier for homeowners reduce prinicipal on their mortgages. read more  

Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Fannie+Mae+has+said+it+won%27t+request+a+draw+from+the+Treasury+this+quarter+-Bloomberg/7418305.html for the full story.  

WASHINGTON – Fannie Mae, the government-backed mortgage financier, said Wednesday that it made a profit in the first quarter of the year and that it does not need additional bailout money – a first since the federal government took it over in the fall of 2008.  

SOUTHFIELD, Mich., April 5, 2012 /PRNewswire/ -- Multi-Bank Securities, Inc., (MBS) a Michigan-based fixed-income securities broker-dealer announced today that it has been approved to underwrite debt securities for the Federal National Mortgage Association (Fannie Mae) through their...  

WASHINGTON – U.S. Treasury officials are leaning toward recommending that Fannie Mae and Freddie Mac be replaced with a government safety net for the mortgage finance system and continued federal backing for loans to lower-income homebuyers, according to three people briefed on the discussions.  

From economist Tom Lawler: In its latest 10-Q filing Fannie Mae showed the distribution of the “status” of its SF REO inventory, including the % it was unable to “market” for various reasons. (Fannie’s SF REO inventory as of 3/31/2012 totaled 114,157 properties, down 25.5% from last March). Of Fannie’s 114,157 SF REO properties, almost half – 54,795 – were characterized as being “unable to market” (meaning can’t be listed for sale...  

Black, a professor of economics and law at the University ... The bottom line: Refusing to settle, Dan Mudd quit his hedge fund job to fight an SEC suit stemming from the collapse of Fannie Mae and Freddie Mac.  

Posted To: MND NewsWireOn Thursday the Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) released the results of three evaluations of FHFA's oversight of the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae. FHFA is the successor conservator of the GSEs which were placed into government conservatorship in August 2008. The other two evaluations, one of the oversight of the GSEs' charitable giving and...  

Short Sale Condos. Short Sale San Diego Condos. Search all the Short Sale Condos for Sale in San Diego. This includes Downtown San Diego Short Sales, Little Italy Short Sales as well as all Short Sales on the MLS.  

U.S. Treasury officials are leaning toward recommending that Fannie Mae Fannie Mae Latest from The Business Journals Follow this company and Freddie Mac Freddie Mac Latest from The Business Journals Follow this company be replaced with a ...  

The documents contradict congressional testimony in November by Edward DeMarco, the regulator for Fannie Mae, who has opposed principal reductions, said Reps. Elijah Cummings of Maryland and John Tierney of Massachusetts. The lawmakers also said ...  

WASHINGTON, April 23 (Reuters) - In considering how to fix the ailing U.S. housing market, Republicans and Democrats in Washington have found a rare point of agreement: they would prefer life without failed mortgage giants Fannie Mae and Freddie ...  

The program was a "shared equity" model, requiring borrowers getting principal written ... A spokesman for Fannie Mae referred questions to the Federal Housing Finance Agency, which DeMarco heads. DeMarco shot back in a letter to the congressman ...  

WASHINGTON (AP) -- U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis.  

Government-backed housing giants Fannie Mae and Freddie Mac are adopting new guidelines to streamline the process for short sales, which most real estate observers expect will outpace foreclosures in the…Click to Continue »  

The Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, says they could save $1.7 billion by reducing the amount some homeowners owe on their mortgages.WASHINGTON — Fannie Mae and Freddie Mac could save $1.7 billion by reducing the amount that some underwater homeowners owe on their mortgages, according to a preliminary analysis by the regulator for the seized housing finance giants.  

PHH Corp. posted net earnings of $75 million for the first quarter, turning a profit on its residential mortgage operation, but suffering charges on its servicing business. In 1Q11, the company earned $49 million.  

reduced inventory of single-family homes and fewer mortgages in serious delinquency. Fannie has received about $116 billion so far from the Treasury Department, the most expensive bailout of a single company.  

I mentioned this announcement two weeks ago - Kathleen Pender at the San Francisco Chronicle has more: New guidelines are a tall order for short sales Fannie Mae and Freddie Mac have issued new guidelines designed to speed up short sales and make them more consistent, but real estate agents question whether they are achievable in the real world. ... Under the new guidelines, which take effect June 15, servicers have 30 days to review and...  

Hundreds of thousands of homeowners facing foreclosure might get help by having the amount they owe reduced by Fannie Mae and Freddie Mac. This is a hot topic in Washington, D.C., with many Democrats pushing for these so-called "principal reductions" to try to help the housing market. On Tuesday, a top federal regulator came a step closer to allowing the move.  

The head regulator for Fannie Mae and Freddie Mac said Tuesday that a preliminary analysis shows that it might make financial sense for the government-backed mortgage giants to reduce the loan balances of struggling homeowners. But he said more study is warranted before making such a move. Read full article >>  

This withholding of information came to light after investigation by Committee on Oversight and Government Reform ... borrowers will perform better on a modification that reestablishes equity." • That loans that receive principal reductions ...  

The director of the Federal Housing Finance Agency is under pressure to allow principal reductions for loans under Fannie and Freddie after disclosures that one cost-saving plan was scrapped.WASHINGTON — Pressure is mounting on a key federal regulator to allow Fannie Mae and Freddie Mac to reduce loan principal amounts for struggling homeowners, after disclosures that a plan to do that was scuttled even though it was aimed at saving taxpayer...  

The $2 billion program uses federal funds from the 2008 financial crisis to help borrowers at risk of foreclosure in the state. Fannie Mae and Freddie Mac own about 62% of outstanding mortgages in California, where state officials are modifying ...  

Fannie Mae could change pricing and other terms under purchase agreements and mortgage-backed securities contracts with lenders, according to an alert Tuesday. This could be very costly to lenders with large stacks of unsettled buyback claims. read more  

April 30 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Monday it will sell $500 million bills on Wednesday. The company will sell $250 million of three-month bills due Aug, 1, 2012, and $250 million of six-month bills due ...  

(Eugene Volokh) So holds yesterday’s Herron v. Fannie Mae (D.D.C. Apr. 30, 2012), citing (among other cases) United States v. Beszborn (5th Cir. 1994): When FHFA [the Federal Housing Finance Agency] steps in as conservator or receiver it immediately succeeds to all rights and powers of the stockholders, officers, and directors of the regulated entity placed into [...]  

As California pushes to get more homeowners into a $2-billion foreclosure prevention program, some Fannie Mae and Freddie Mac borrowers may see their mortgages shrunk through principal reduction. State officials are making a significant change ...  

Officials at government-backed mortgage giant Fannie Mae concluded years ago that the company could “reduce its losses substantially” by lowering loan amounts for some troubled borrowers, according to internal documents cited Tuesday by the top Democrat on the House oversight committee. Read full article >>  

Officials at government-backed mortgage giant Fannie Mae concluded years ago that the company could “reduce its losses substantially” by lowering loan amounts for some troubled borrowers, according to internal documents cited Tuesday by the top Democrat on the House oversight committee. Read full article >>  

But the mortgage-finance company didn't expand the pilot programs after concluding they were difficult to operate and the benefits weren't clear, according to a letter from the firm's federal regulator. The loan-forgiveness pilot programs, some of which ...  

Non-government holders of delinquent mortgages are offering more payment plans with debt forgiveness as Fannie Mae and Freddie Mac resist, according to the U.S. Office of the Comptroller of the Currency. Principal reductions were granted in 8.5 percent of the 116,153 delinquent mortgages that received permanent modifications in the fourth quarter, according to a report by the unit of the Treasury Department. That’s up from 8.1 percent in the...  

Investors, not homeowners, were responsible for the real-estate crash, according to the former chief executive of Fannie Mae. Franklin Raines, who left Fannie Mae in 2004, made his comments last week at a National Community Reinvestment Coalition challenge.  

Wilkinson, a former Fannie Mae general counsel whose husband is NBC newsman and Meet the Press moderator David Gregory, was traveling Thursday and not immediately available for comment about the appointment. Google has reportedly assembled its own ...  

WASHINGTON, April 6 (Reuters) - The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely ...  

NEW YORK (TheStreet) - Fannie Mae and Freddie Mac continue to face pressure to reduce principal for homeowners underwater on motgages, but the debate still rages on who will end up pay for it. The Federal Housing Finance Agency Acting Director Edward DeMarco remains fundamentally opposed to the idea of principal reductions, arguing that any large-scale reduction would only benefit banks. Edward DeMarco, acting director of the Federal...  

BloombergFannie Mae Fix Said to Retain Some US Mortgage RoleBusinessWeekBy Clea Benson, Ian Katz and Cheyenne Hopkins on April 18, 2012 US Treasury officials are leaning toward recommending that Fannie Mae and Freddie Mac be replaced with a government safety net for the mortgage finance system and continued federal backing ...Fannie Mae Fix Said to Retain Some U.S. Mortgage RoleBloombergRegulator seeks speedier action on troubled US...  

A common security could also be used as the mortgage-finance market is reformed, he said. “It creates an opportunity for transition,” Stevens said. The Federal Housing Finance Agency, the overseer of Fannie Mae and Freddie Mac, has made ...  

Some of that interest has been spurred by an initiative by the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, to accept bids from investment groups seeking to buy an initial round of 2,500 Fannie-owned ... homes. I n April ...  

WASHINGTON — U.S. Treasury officials are leaning toward recommending that Fannie Mae and Freddie Mac be replaced with a government safety net for the mortgage finance system and continued federal backing for loans to lower-income homebuyers, according to ...  

PHILADELPHIA - Government-backed housing giants Fannie Mae and Freddie Mac are adopting new guidelines to streamline the process for short sales, which most real estate observers expect will outpace foreclosures in the coming year. The ...  

LOS ANGELES--(BUSINESS WIRE)-- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) commends yesterday’s announcement by the Federal Housing Finance Agency (FHFA) to streamline the short sale process to help more homeowners avoid foreclosure. The move calls ...  

A federal judge Friday denied UBS AG's effort to dismiss a lawsuit by the federal regulator for Fannie Mae and Freddie Mac alleging the Swiss bank deceived the mortgage giants into buying billions of dollars of shaky loans during the housing bubble.  

Although Fannie's monthly purchases soared, its cross-town competitor, Freddie Mac managed to grow March purchases (compared to February) by a modest 13%.  

Officials at mortgage loans giant Fannie Mae supported principal reductions for some struggling homeowners in 2009 and believed they would save taxpayer money, according to ... appreciation of equity when the home was sold.  

The federal regulator who oversees Fannie Mae and Freddie Mac is softening his position against allowing the mortgage giants to reduce principal for U.S. borrowers at risk of foreclosure. Edward DeMarco, acting director of the Federal Housing Finance ...  

Despite the trauma of the last few years, most Americans still believe that owning a home is preferable to renting according to the latest quarterly National Housing Survey data released by Fannie Mae.  Many of these respondents, however, do not act on this belief because they view homeownership as an investment or because of financial constraints or an inability to get a mortgage. The Fannie Mae survey is conducted by telephone every month...  

The federal regulator who oversees Fannie Mae and Freddie Mac is softening his position against allowing the mortgage giants to reduce principal for U.S. borrowers at risk of foreclosure. Edward DeMarco, acting director of the Federal Housing Finance Agency, said in a speech Tuesday that the agency is considering whether to allow Fannie and Freddie to offer principal reductions. And he noted that mortgage principal reductions would lower...  

Mortgage writedowns, if approved by the Federal Housing Finance Agency, could save Fannie Mae and Freddie Mac up to $1.7 billion, Bloomberg News reported. Edward DeMarco, the FHFA head, said his agency would decide “in the next few weeks,” if it would allow Fannie and Freddie to perform the mortgage modifications. DeMarco is hesitating, because he does not want to create an incentive for lenders to default, he said in a speech yesterday at the...  

From ProPublica: Fannie and Freddie: Slashing Mortgages Is Good BusinessNew analyses by mortgage giants Freddie Mac and Fannie Mae have added an explosive new dimension to one of the most politically charged debates about the housing crisis: Whether to reduce the amount of money beleaguered homeowners owe on their mortgages. Their conclusion: Such loan forgiveness wouldn’t just help keep hundreds of thousands of families in their homes, it...  

WASHINGTON The federal regulator who oversees Fannie Mae and Freddie Mac is softening his position against allowing the mortgage giants to reduce principal for U.S. borrowers at risk of foreclosure.  

Edward DeMarco, acting director of the Federal Housing Finance Agency, is running out of reasons to stop Fannie Mae and Freddie Mac from engaging in so-called principal forgiveness. Democratic lawmakers have unearthed internal Fannie Mae ...  

PHILADELPHIA — Government-backed housing giants Fannie Mae and Freddie Mac are adopting new guidelines to streamline the process for short sales, which most real estate observers expect will outpace foreclosures in the coming year. The ...  

April 18 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at lower interest rates compared with last week's sale of similar maturities. Fannie Mae sold $250 million of three ...  

President Barrack Obama today signed into law the STOCK act, which includes an amendment by Sens. Jay Rockefeller, D-W.Va., and John McCain, R-W.Va., prohibiting Fannie Mae and Freddie Mac executives from receiving future multi-million dollar bonuses as ...  

WASHINGTON, D.C. – President Obama today signed into law the STOCK ACT which included an amendment by Senators Jay Rockefeller (D-WV) and John McCain (R-AZ) prohibiting Fannie Mae and Freddie Mac executives from receiving future multi-million dollar ...  

This column is brought to you by the NAR Real Estate Services group. In late February, the Federal Housing Finance Agency (FHFA) issued a strategic plan for their future actions as conservators of Fannie Mae and Freddie Mac, also known as the GSEs. The initial reading in Washington was that this was simply FHFA offering [...]  

The taxpayers bailed out Fannie Mae and Freddie Mac as well as banks, brokerage firms and corporations with hundreds of billions of taxpayer dollars in stimulus packages passed while George Bush and Barack Obama were president. Meisner deserves ...  

In such circumstances, the federal agency in its guise as a conservator or receiver of a private corporation is not a government actor. For example, in United States v. Beszborn, 21 F.3d 62, 67–68 (5th Cir.1994), the Fifth Circuit ...  

Fannie Mae noted that consumer spending in the U.S. is continuing to strengthen, although a worrying trend has begun to emerge, according to Chief Economist Doug Duncan. "The pickup in consumer spending has outpaced income growth, which means ...  

A representative of the borrower, Alden Montierra Enterprises, LLC, commented, "I've done several Agency financings over the years, but nothing came close to the experience I had with Alex Inman and his team at Walker & Dunlop. I was so impressed with how ...  

WASHINGTON (Reuters) - Mortgage giants Fannie Mae and Freddie Mac are being pushed to reduce borrowers' mortgage balances in order to shield U.S. banks from taking losses on distressed housing debt, the companies' regulator said in a Financial Times interview published on Sunday. "If you do principal forgiveness, who is it benefiting? ... Doing principal forgiveness is what would protect the big banks," said Edward DeMarco, the acting...  

Nongovernment holders of delinquent mortgages are offering more payment plans with debt forgiveness as Fannie Mae and Freddie Mac resist, according to the U.S. Office of the Comptroller of the Currency. Principal reductions were granted in 8.5 percent of ...  

The U.S. Federal Trade Commission hired a top Washington litigator to run its antitrust investigation of Google Inc. (GOOG), signaling ... California-based company is using its control of the Android mobile operating system to discourage ...  

Under pressure from Democratic lawmakers, the chief of a key housing regulator on Wednesday defended his policy of not cutting the amount underwater borrowers owe for mortgages owned by government-seized housing giants Fannie Mae and Freddie Mac.  

DETROIT (WXYZ) - Oakland County is celebrating a major win over mortgage giants Fannie Mae and Freddie ... but Meisner puts that number above $3-million. So far there is no word on if Fannie Mae or Freddie Mac will appeal the ruling. Action News attempted ...  

Fannie Mae noted that consumer spending in the U.S. is continuing to strengthen, although a worrying trend has begun to emerge, according to Chief Economist Doug Duncan. "The pickup in consumer spending has outpaced income growth, which means ...  

U.S. Democrats on Tuesday pressed Fannie Mae and Freddie Mac's regulator to release documents they claimed would show that allowing the government-controlled companies to forgive mortgage debt could cost taxpayers less than other forms of ...  

Bids will be accepted from authorized dealers from 9:00 a.m. (1300 GMT) until 9:45 a.m. (1345 GMT). Settlement is May 9-10. (Reporting by Caryn Trokie; Editing by James Dalgleish)  

Michigan's school aid fund could get a windfall of up to $100 million, and 82 of Michigan's 83 counties could collectively claim millions more under a judge's ruling last week that mortgage giants Fannie Mae and Freddie Mac illegally withheld payments of transfer taxes in property sales.  

The government-sponsored enterprise follows its sister organization, Freddie Mac, in telling mortgage servicers to protest a vacant-property ordinance that includes a $500 registration fee. read more  

LOS ANGELES Of the more than $600,000 that Fannie Mae and Freddie Mac spent sending 90 employees to a convention in October, nearly half was of "questionable value," according to a government watchdog group. The inspector general of the Federal ...  

WASHINGTON, March 22 (Reuters) - A federal watchdog faulted Fannie Mae and Freddie Mac, the mortgage finance companies propped up with taxpayer funds, for "questionable" spending on a mortgage industry conference last year, in a report released ...  

Michigan and Oakland County would get millions of dollars under a judge's ruling Friday that national mortgage giants Fannie Mae and Freddie Mac illegally withheld real estate transfer taxes on foreclosed properties they sold from 2006 to 2011.  

(Reuters) - Fannie Mae, the largest U.S. home funding source, will sell new three-year benchmark notes on Tuesday, said IFR, a Thomson Reuters service. The notes, due May 27, 2015 will be sold through joint lead manager, BNP Paribas, Citigroup and Credit Suisse. The amount of the issue has not yet been determined. (Reporting by Pam Niimi; Editing by James Dalgleish)  

New analyses by mortgage giants Freddie Mac and Fannie Mae have added an explosive new dimension to one of the most politically charged debates about the housing crisis: Whether to reduce the amount of money beleaguered homeowners owe on their ...  

Oakland County Treasurer Andy Meisner announced the lawsuit last June as part of an effort to clean up the mortgage foreclosure crisis, claiming Fannie Mae and Freddie Mac were "the main drivers in the sale of mortgage-backed securities that ...  

U.S. Treasury Secretary Tim Geithner told a U.S. Senate panel that he believes Fannie Mae and Freddie Mac should reduce principal on some home mortgages ... Fannie Mae and Freddie Mac, the mortgage finance companies under government conservatorship ...  

The Federal Housing Finance Agency is deferring too much decision-making to Fannie and Freddie, the agency's inspector general said, and it's failing to adequately evaluate the two companies' actions. For example, the report said that the agency ...  

April 4 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $1 billion of benchmark bills at higher interest rates compared with last week's sale of similar maturities. Fannie Mae sold $500 million of three ...  

A new Fannie Mae study suggests Americans are beginning to consider 2012 a good year to acquire a home. The GSE released its March National Housing Survey of just over 1,000 Americans and found more citizens expect rents and home prices to increase in the ...  

They could not refinance to take advantage of low-interest rates because they were among the nearly 11 million American homeowners who are "underwater," meaning that they owed the bank more than their house was worth. Bank of America had already ...  

Treasury Secretary Timothy F. Geithner has said in recent public appearances that an agency recommendation for winding down the two taxpayer-owned mortgage companies could be released in coming weeks. It hasn’t yet been determined whether the ...  

COLUMBUS, Ga. -- A Columbus real estate lawyer is being sued by Fannie Mae, which says the attorney owes the mortgage giant more than $212,000 it earned selling two local properties. The civil suit filed in U.S. District Court makes Fannie Mae the latest ...