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Since 2003, the Massachusetts Democrat had been the ranking member of the committee, which has jurisdiction over the housing and financial sectors...Money Summary: Of the $9.4 million Frank has raised since 1989, he's spent $9.1 million. While his Republican...
Tags: Barney Frank, House Financial Services Committee, election cycle, housing financial, Fannie Mae, financial industry, Washington, Freddie Mac, Subprime lending, Financial crisis, Troubled Asset Relief Program, Federal Reserve System, Subprime mortgage crisis, Business Finance
The deteriorating commercial real-estate market is hitting Fannie Mae and Freddie Mac, the housing-finance giants that were taken over by the U.S. last year after billions of dollars in losses on residential real estate. The firms, which together have...
Tags: Freddie Mac, Fannie Mae, Singapore, Economic history of the United States, Federal takeover of Fannie Mae and Freddie Mac, Government policies and the subprime mortgage crisis, Subprime mortgage crisis, Business Finance
Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, and reduced their use of other credit programs designed to ease the financial crisis. The Fed said Thursday that commercial banks averaged $20.8 billion...
Tags: Federal Reserve, previous week, Freddie Mac, commercial paper, Taiwan, Taipei, Economic history of the United States, the United States, Fannie Mae, Mortgage-backed security, Subprime mortgage crisis, Fixed income securities, Structured finance, Business Finance
To President Obama, Nancy Pelosi, Harry Reid and all 535 voting members of the Legislature, It is now official you are ALL corrupt and not all that bright: The U.S. Post Service was established in 1775. You have...
Tags: US, pelosi, obama, reid, corrupt, postal service, social security, fannie mae, freddie mac, war, medicaid, medcare
Federal Housing Administration Commissioner David Stevens says concerns that the agency is headed for the same financial trouble that snared Fannie Mae, Freddie Mac and the subprime sector are unwarranted. Stevens made the remarks during a speech at the...
Tags: FHA, David Stevens, San Diego, Subprime lending, Federal Housing Administration, Fannie Mae, Freddie Mac, Bailout, Personal finance, Mortgage, Subprime mortgage crisis, Business Finance
This will probably mean better options for borrowers who might otherwise have had to take out “jumbo” mortgages. Conforming loans meet all the guidelines of Fannie Mae and Freddie Mac, the government-controlled agencies that resell packages of loans...
Tags: conforming loans, Mr. Adamo, New York City, jumbo loans, jumbo mortgage, Mr. Rosenbaum, Fannie Mae, Freddie Mac, Mortgage-backed security, Super jumbo mortgage, Mortgage, Personal finance, Banking, Business Finance
The agency was set up in the depths of the Great Depression to sell cheap mortgage insurance to people, such as first-time buyers, who cannot rustle up a down-payment of more than 3 per cent. These days it is a supposedly self-financing outpost of the...
Tags: FHA, United Kingdom, London, Personal finance, Banking, Subprime lending, Fannie Mae, Freddie Mac, Business Finance, Subprime mortgage crisis, Affordable housing, Mortgage
Mortgage applications for home purchases fell to a nine-year low last week, despite a decrease in interest rates for 30-year, fixed-rate mortgages. The weekly survey was taken for the week ended Nov. 6, the same day that President Obama signed an extension...
Tags: Federal Deposit Insurance Corp., U.S, FDIC, banks prepay, Washington, Mortgage, Fixed rate mortgage, Refinancing, Business Finance, Bank, Federal Deposit Insurance Corporation, Banking, Bank failure, Mortgage-backed security, Federal Reserve System, Subprime crisis impact timeline, Federal takeover of Fannie Mae and Freddie Mac, Subprime mortgage crisis, Freddie Mac, Fannie Mae, Financial institutions, Deposit insurance, Loan modification in the United States, Federal Housing Administration, Mortgage bank, Government National Mortgage Association, Fixed income securities, Structured finance, Certificate of Deposit Account Registry Service, bank failures in the United States, Sheila C. Bair
Freddie Mac late Friday reported its third-quarter net loss attributable to Freddie Mac narrowed to $5.01 billion from a loss of $25.3 billion in the same quarter a year earlier. After payment of $1.3 billion dividend on its senior preferred stock to...
Tags: Freddie Mac
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...
Tags: Fannie Mae, quarterly losses, Treasury Department, mae seeks, housing market, mae posts, government aid, Freddie Mac, foreclosure prevention, mae asked