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This accounting tweak by Fannie Mae and Freddie Mac will mean $60 billion for the U.S. government
Here’s a little Washington tale only an accountant could love — or a new Treasury secretary about to run up against the debt ceiling. The story begins in 2008 when the Bush Treasury declared that Fannie Mae and Freddie Mac, … Continue reading
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Fannie, Freddie agency nominee signals desire to preserve government-backed mortgages
President Obama nominated a long-term Democratic lawmaker on Wednesday to run the obscure but powerful agency that oversees Fannie Mae and Freddie Mac, signaling the administration’s desire to preserve a substantial role for the government in the future of the … Continue reading
Freddie Mac sells $2.0 bln of bills at lower rates
Dec 31 (Reuters) – Freddie Mac, the No. 2 U.S. home funding company, on Monday said it sold $ 2.0 billion of reference bills at lower rates and mixed demand compared with last week’s sale of similar maturities. Freddie Mac … Continue reading
FHFA head DeMarco stands alone as he works to shrink Fannie Mae, Freddie Mac
The man with power over more than half of U.S. mortgages lives in a 1961 brick split-level house. There’s a basketball hoop in the driveway and a green Subaru Outback in the carport. The homes on Edward J. DeMarco’s block … Continue reading
Freddie Mac to sell $2.5 bln of bills on Monday
Sept 24 (Reuters) – Freddie Mac, the No. 2 U.S. home funding company, said it will sell $ 2.5 billion of bills later on Monday.
U.S. to revamp Fannie, Freddie bailout terms
The Treasury Department on Friday announced that it would rework the terms of its bailout of mortgage giants Fannie Mae and Freddie Mac to shrink the companies more quickly, make sure taxpayers benefit from any profits and assure investors about … Continue reading
Fannie Mae, Freddie Mac gains show housing market may be turning corner
Mortgage firms Fannie Mae and Freddie Mac are seeing a marked improvement in home values, which is boosting their bottom lines. The news out of the two firms, which back the majority of U.S. mortgages, is the latest sign that … Continue reading
Fannie Mae, Freddie Mac gains show housing market may be turning corner
Mortgage firms Fannie Mae and Freddie Mac are seeing a marked improvement in home values, which is boosting their bottom lines. The news out of the two firms, which back the majority of U.S. mortgages, is the latest sign that … Continue reading
Fannie Mae, Freddie Mac won’t be allowed to reduce loan balances for troubled borrowers
The federal regulator for government-backed mortgage giants Fannie Mae and Freddie Mac said Tuesday that he will not allow the firms to reduce loan balances of struggling homeowners, frustrating the Obama administration as it looks for ways to boost a … Continue reading
Fannie Mae, Freddie Mac won’t be allowed to reduce loan balances for troubled borrowers
The federal regulator for government-backed mortgage giants Fannie Mae and Freddie Mac said Tuesday that he would not allow the firms to reduce loan balances of troubled borrowers, saying there would be no clear-cut financial benefit and that such a … Continue reading