Allied Capital posts 7th straight quarterly loss
The results marked the seventh straight quarterly loss for Washington-based Allied, which announced last month that it would be acquired by Ares Capital of New York for $648 million in an all-stock deal. The acquisition is expected to close in the first quarter of 2010.
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READ MORE: Fannie Mae, quarterly losses, Treasury Department, mae seeks, housing market, mae posts, government aid, Freddie Mac, foreclosure prevention, mae asked
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Fannie Mae, "request the assistance of 15 billion dollars from the U.S....
By: mohammedd
Fannie Mae Foundation announced the U.S. giant mortgage finance plan to seek new financial support from the federal government U.S. $ 15 billion after it continued losses for the ninth consecutive quarter. Fannie Mae reported that its losses during the third quarter of this year hit 18.9 billion dollars against a loss of $ 14.8 billion dollars ...
22 days ago
News Stories
- News Source: Star Tribune | 23 days agoFreddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion. The McLean, Va.-based mortgage finance company has received about $51 billion since it was seized by federal regulators in...
- News Source: The Irish Times | 23 days agoA third-quarter net loss of $18.9 billion pushed Fannie Mae to request its fourth draw on a $200 billion government lifeline, according to a Securities and Exchange Commission filing today. The Washington-based company said it reached an agreement to...
- News Source: BBC | 23 days agoThe losses stemmed from the increased costs of buying up bad mortgage-backed loans as part of the government's efforts to support the housing market. This is the fourth time that the firm has requested state aid. Both Fannie Mae and fellow mortgage...
- News Source: NewKerala | 24 days agoIt said the latest loss was attributed to $22 billion in credit-related expenses, which also included charges on mortgages it bought out of securities as it modified loans under President Barack Obama's foreclosure prevention plan. "We are dependent...
- News Source: Washington Post | 24 days agoThe results marked the seventh straight quarterly loss for Washington-based Allied, which announced last month that it would be acquired by Ares Capital of New York for $648 million in an all-stock deal. The acquisition is expected to close in the...
- News Source: Austin America-Statesman/Texas Longhorns | 24 days agoFannie Mae asked for an additional $15 billion in government aid after posting another big loss in the third quarter as the bill from the housing market bust keeps rising. Also on Thursday, Fannie Mae reached an agreement to sell about $2.6 billion...
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- Blog Source: briangibbons-reiskills.posterous.comThe FHFA has told the housing finance company it does not object to transferring the tax credits, which are incentives designed to spur investment in low-income housing. To top of page. Avoid foreclosure: Rent your own home ...
- Blog Source: fraudonomics.blogspot.com5 (Bloomberg) -- Fannie Mae, operating under a federal conservatorship, said it will seek $15 billion in aid from the U.S. Treasury as its ninth straight quarterly loss once again drove the mortgage-finance company's net worth below ...
- Blog Source: slsinvestments.comFannie Mae is planning to ask the US Treasury for another 19 billion of assistance Read the rest here: Fannie Mae Seeks 19B Treasury Aid www.institutionalpartners.com – Institutional Partners provides Temporary Employment Staffing For ...
- Blog Source: www.huffingtonpost.comConsidering the complexities associated with the bailout of Fannie Mae and Freddie Mac, this actually isn't as easy as it sounds. But, the final -- and rather disturbing -- tally for 2009 is $300 billion. Unfortunately, only $60 billion of that
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@markknoller WH posts chart showing trend of declining job losses since February. http://bit.ly/1Q9JeZ
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