The Bridge (Free subscription) | 20/11/2009
…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...
- Are You Riled Up? - (Free subscription) | 1 hour ago
And at this time, when China & India are picking up because of their cheaper costs, America is reeling from the pain of not sufficiently regulating bankers & banks especially their salaries. And these bankers are now … Beginning with the Community Reinvestment Act and expanding exponentially by mandates to “Freddie Mac” and “Fannie [...]
Calculated Risk (Free subscription) | yesterday
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...
Maggie's Notebook (Free subscription) | yesterday
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...
No Countries No Religion (Free subscription) | yesterday
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,...
Commodity Trader (Free subscription) | yesterday
This week in Gold has provided yet another all-time high as the U.S Dollar continues to have difficulties sustaining or maintaining any momentum. The Dollars performance versus the Euro, poor economic reports and the worlds move into hard assets have helped to fuel this mammoth Gold and Silver rally. The CPI prices increased 0.3% for October. This translates to a higher cost of living for Americans....
Cato-at-liberty (Free subscription) | 20/11/2009
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 [...]
LATICONOMICS (Free subscription) | 20/11/2009
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...
Real Estate Consumer News (Free subscription) | 20/11/2009
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 [...]...
Miami Herald (Free subscription) | 19/11/2009
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.
Seattle Times (Free subscription) | 19/11/2009
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.
San Fransisco Chronicle (Free subscription) | 19/11/2009
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
Acton Institute PowerBlog (Free subscription) | 19/11/2009
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...
EconLog (Free subscription) | 19/11/2009
Simon Johnson writes , There is no question that passing the TARP was the right thing to do. In some countries, the government has the authority to provide fiscal resources directly to the banking system on a huge scale, but in the United States this requires congressional approval. In other countries, foreign loans can be used to bridge any shortfall in domestic financing for the banking system,...
MSNBC.com (Free subscription) | 19/11/2009
Rates on 30-year mortgages stayed below 5 percent this week but remained above the record set earlier this year, Freddie Mac said Thursday. Freddie Mac - Mortgage - Loan - Macintosh - Apple
The last article published by a user on Freddie Mac :
neilsamsung | 09/11/2009
There is one word to describe the current housing market: optimistic. Despite months of hearing about a housing bubble and rising mortgage rates , the outlook for real estate is good. The worries of a bursting real estate bubble actually seem to be low among homeowners. In a national survey conducted by ING Direct, most individuals experienced some growth in their home value in the past 12 months....
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