Hello again my friends. It is time to unveil another smARTworks Cookie Challenge . Few weeks ago Susan sent the DT member Fannie Mae set to work with. As soon as I saw the set my brain designed a Vintage card. For my card I started with a piece of Cream-Ivory CS for my card base, followed by a piece of Purely pomegranate CS and some Making Memories PP "Lg. Floral Rouge Paperie" , all borders...
…Fannie Mae is asking for an additional $15 billion in government aid after posting a $19.8 billion loss. Fannie Mae and Freddie Mac own or guarantee almost 31 million home loans worth about $5.5 trillion, or about half of all...
New Site Aimed at Helping More Hispanics Buy Homes FannieMae announced the company launched a Spanish version of its HomePath.com website designed to help more potential homeowners who speak Spanish purchase Fannie Mae-owned properties. The new website in Spanish mirrors the English version of HomePath.com featuring an interactive search tool of Fannie Mae-owned properties nationwide, details [...]...
Democrat Congressman Peter DeFazio (Oregon) told MSNBC that America needs a new economic team. Even Chuck Schumer says "the world economy is at stake" Congressmen Kevin Brady (R-TX), Sam Brownback (R-KS), and Michael Burgess (R-TX) actually spoke the minds of the American people. See video below. Peter DeFazio Rep. DeFazio appeared on The Edge and was asked: Should he [Geithner] stay in his...
Meredith Whitney expressed concern about what will happen when the Fed stops buying GSE MBS by the end of the first quarter 2010. From Bloomberg: Meredith Whitney Says Bank Stocks Are ‘Grossly’ Overvalued The Federal Reserve has begun slowing purchases in the $5 trillion market for so-called agency mortgage-backed securities after announcing in September that it would extend the timeline...
From Some questions for modern liberals by Lyle Duell: From observing many of the letters to the editor, I gather that modern liberals seem to be true believers in big government. If this is the case, I'm curious to know what they want to be liberated from. The word liberal infers that there is something that they want to be liberated from. If it is not big government like classic liberalism believed,...
In a recent Washington Post op-ed, Professor Joseph Gyourko, chair of the Wharton School’s Real Estate Department, lists what he sees as the five biggest myths about homeownership. Given the central role of federal housing policy, particularly Fannie Mae and Freddie Mac, in our recent financial crisis, it is worth following Professor Gyourko’s suggestion and [...]
10 Reasons to Believe That We're in a Depression Marvin Clark As the economy drifts listlessly going into this holiday season, thoughts of sugar-plumbed call options and zombie companies (Fannie Mae ( FNM ), Freddie Mac ( FRE ), and Citibank ( C )) are dancing in the heads of day traders, fund managers and CNBC. Hooray, hooray, everything is OK! Well, not quite. While Wall Street is feasting on the...
Jeff Matthews Is Not Making This Up (Free subscription) | 20/11/2009
“When all else fails we can whip the horses’ eyes, And make them sleep And cry.” —“The Soft Parade,” The Doors Okay so we’re not exactly sure what Jim Morrison’s “Soft Parade” lyrics have to do with the central message of today’s virtual column—except that the dead poet’s gloomy words came immediately to mind while reading...
A new federal program to support state and local housing finance agencies is expected to involve more than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday.
A new federal program to support state and local housing finance agencies is expected to involve more than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday.
A new federal program to support state and local housing finance agencies is expected to involve more than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday. Under the program announced by the Treasury Department last month, the... Freddie Mac - Fannie Mae - Government - United States Department of the Treasury - Finance
Chris Thorman at SoftwareAdvice.com sent me his latest post this AM: Own to Rent: Breaking Down Fannie Mae’s Deed for Lease Program . That's correct, the title reads "Own to Rent," not at all the rent to own scenario of which so many are already familiar. The Federal National Mortgage Association, more commonly known as Fannie Mae, recently announced a new program designed to keep...
It’s over a year now since the 2008 financial crisis spread havoc throughout the global economy. Dozens of books and articles have appeared to explain what went wrong. They identify culprits ranging from Wall Street financiers overleveraging assets, to ACORN lobbying policy-makers to lower mortgage standards, to politicians closely connected to government-sponsored enterprises such as Freddie...
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