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- S&P Cuts Ratings To Negative For Fannie Mae, Freddie Mac, The Federal Home Loan And Farm Credit...

By luscent3737 on  From thestatedtruth.com
This just in from S&P;, which does a--follow up to its earlier U.S. outlook warning, and revises its GSE and FHLB outlook to negative.-- Let's remember that this is happening in an economic (supposed) recovery.Read Full Story

Barney Frank at it again! Didn’t he do enough damage with Dodd-Frank?

By FedUpEditor on  From fedupnetwork.com
From the Los Angeles Times: Rep. Barney Frank and two other House Financial Services Committee Democrats on Monday pressed Edward DeMarco, the regulator of seized housing finance giants Fannie Mae and Freddie Mac , to write-down the principal on mortgages of underwater homes. It’s a great thing that Barney Frank is not running for office again, but he seems determined to leave the country in chaos. Though it sounds like a wonderful “Robin Hood” story if Fannie and Freddie would essentially...Read Full Story

Fannie Mae and Freddie Mac surging in Today’s Trading Session

By leoforex on  From stockpreacher.com
Federal National Mortgage Association (OTC:FNMA) has traded as high as $.31 during today’s trading session and last traded at the high of the day for a gain of 27.27% from Friday’s close… FNMA shares have traded as high as $.96 over the past 52 weeks, which is 67.7% off that high at last traded stock [...]Read Full Story

Fannie Mae Ignored Crucial Warnings Of Mortgage Crisis

By hotbytes2010 on  From hot-bytes.info
Years before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game. Latest NewsRead Full Story

Fannie Mae Ignored Crucial Warnings Of Mortgage Crisis

By ddlov50 on  From huffingtonpost.com
Years before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game. Read More... More on Financial CrisisRead Full Story
After Mortgage Settlement, Fannie Mae, Freddie Mac Face Renewed Pressure On Principal ReductionTop law enforcement officials in several states are signaling they will pressure Fannie Mae and Freddie Mac to correct what is widely seen as one of the biggest deficiencies of the $25 billion mortgage settlement announced on Thursday: It simply doesn't help that many homeowners. Borrowers whose loans are backed by the government-controlled...  
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Feb 13 (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.  
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BloombergInformation on the Attorney General's SettlementLoanSafeIf your loan is owned by Fannie Mae or Freddie Mac, but serviced by the five mortgage servicers named above, you are NOT eligible for loan modification or refinancing under this settlement. Loans that are owned by Fannie Mae or Freddie Mac are not ...What Will Illinois' $1B Robo-Signing Settlement Mean For You?ChicagoNow (blog)Our Opinion: Good first step to fix home crisisThe...  
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The ink is not yet dry on a $25 billion national foreclosure settlement with five major banks, but Attorney General Martha Coakley has already trained her sights on two more targets. Coakley, on Friday, told the News Service that unless Fannie ...  
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Feb. 7 (Bloomberg) -- The U.S. House of Representatives voted to require the Obama administration to more fully incorporate Fannie Mae and Freddie Mac into its annual budget. The chamber today voted 245-180 to require the federal government to ...  
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Community banks and credit unions are preparing for a sea change in the world of mortgage financing as the Obama administration moves forward with plans to wind down the operations of mortgage giants Fannie Mae and Freddie Mac, The Washington Post reports. "There's a variety of possibilities out there . . . but we haven't seen the solution yet," Ann Grochala, with the Independent Community Bankers of America trade group, told the Post.  
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Detroit— A federal judge heard arguments Friday on a lawsuit filed by Oakland County Treasurer Andy Meisner in an effort to recover millions in unpaid real estate transfer taxes from Fannie Mae and Freddie Mac.  
From detnews.com ()
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In the pilots, borrowers granted principal write-downs did not show a better performance than those granted forbearance. Fannie Mae and Freddie Mac were taken over by the federal government in 2008 as home loan losses spiraled. The two companies ...  
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You know that embarrassing relative you can't quite disown and most certainly can't control? It turns out Uncle Sam has a couple of those, known as Freddie Mac and Fannie Mae. Freddie and Fannie are a power couple all right, with seemingly unchecked power ...  
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WASHINGTON — On a trip to Ireland in 1998, Speaker Newt Gingrich researched his Irish roots, discussed the prospects for peace in Northern Ireland and entertained speculation about his presidential ambitions. He even donned work gloves and blue jeans to help build a home in Belfast for a good-will project. Two of the sponsors for part of the Ireland trip were frequent partners of Mr. Gingrich: Freddie Mac and Fannie Mae — the government-backed...  
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