When I look at Citigroup Inc (NYSE:C), I can’t help but think of something that Peter Lynch said about Fannie Mae years ago. I know that people have bad feelings about Fannie Mae today, but when Lynch was managing Fidelity Magellan, this was one of his best performing stocks. He picked Fannie Mae because he [...]
President Barack Obama’s nominee to oversee mortgage giants Fannie Mae and Freddie Mac has pledged to sell off shares he owns in of Bank of America Corp. and other financial institutions should he be confirmed by lawmakers.
Fannie Mae has be a frequent mover lately, and shares were off to another hot start in the early hours of Thursday trading. Elsewhere in the market, the mREIT sector traded higher after the release of some disappointing economic data...Show More Summary
As a short sale and pre-foreclosure specialist, my prerogative and fiduciary is with distressed sellers. Working between sellers, buyers, lenders, HOA’s, 2nd lien holders, agents, attorneys, and title agents becomes something of a juggling act. However, the bottom line is that we offer solutions in the marketplace, for which we ultimately profit. With my experience, [...]Show More Summary
The nonpartisan Congressional Budget Office has slashed its projections of the current-year fiscal deficit because of bigger-than-expected tax receipts and payments from Fannie Mae and Freddie Mac. The $203 billion, or 24 percent, reduction...Show More Summary
Ares Commercial Real Estate Corporation To Acquire Alliant Capital LLC Acquisition of DUS® Lender with $3.9 Billion Servicing Portfolio Expands ACRE's Product Offering Into Fannie Mae and FHA Loans CHICAGO--(BUSINESS WIRE)-- Ares Commercial...Show More Summary
Let's get a few things straight: The Federal Reserve is buying $85 billion a month of Treasuries. The budget deficit is shrinking very fast thanks to a combination of a stronger economy, budget cuts, and Fannie Mae and Freddie Mac repaying...Show More Summary
``The mortgage giant said its Servicing Management Default Underwriter can save servicers time and money by enabling them to obtain information about changes to Fannie Mae's policies in real time. The system also is said to notify servicers when a homeowner becomes eligible for streamlined processing of a mortgage modification or other options to prevent foreclosure.''
The giant housing finance company has received billions of dollars of taxpayer support. Its half of a $153 million settlement with investors may be the latest insult and injury to taxpayers.
Mortgage buyer and insurer Fannie Mae was in the news again this week. First, let me review a little of the history of how we got here. Fannie Mae (otherwise known as the Federal National Mortgage Association) was created by an act of...Show More Summary
The Federal Housing Finance Authority (FHFA) that supervises the so-called Government Supervised Enterprises (GSE), now including Fannie Mae and Freddie Mac, just announced restrictions that...
WASHINGTON (Reuters) - President Barack Obama urged lawmakers on Saturday to back his nominee to oversee mortgage financiers Fannie Mae and Freddie Mac, Democratic Representative Mel Watt.
Fannie Mae "will make a $59.4 billion dividend payment to the U.S. Treasury, the company said Thursday after reporting a record first-quarter profit," the Wall Street Journal reports. "Fannie's expected payment will bring to $95 billion...Show More Summary
Manuel Balce Ceneta/AP By MARCY GORDON WASHINGTON -- Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter. And it made clear it's on...Show More Summary
US mortgage group Fannie Mae, which after the financial crisis received a government bailout, will pay $59.4 billion in pay outs to the US Treasury. The move brought expectations that taxpayers will be actually able to receive dividends...Show More Summary
The outlook at Fannie Mae and Freddie Mac isn't quite as bleak as it once was, but it still might not be a place for investors that are faint of heart. After witnessing the successful turnaround stories at AIG and Bank of America, some...Show More Summary
Uncle Sam could use the money. Fannie Mae’s enormous dividend to be paid next month will cut the federal deficit further and give Treasury more headroom under the debt ceiling. But the benefits erode the cover politicians need to tackle entitlement and other much-needed reforms.
WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year.