Fannie Mae asks for more federal aid after Q1 loss
Wednesday, March 16th, 2011Fannie Mae (FNM.N), the largest U.S. residential mortgage provider, on Monday reported a net loss of $13.1 billion in the first quarter and said it tapped the Treasury for additional aid of $15.3 billion.
Fannie, Freddie To Delist Stock From U.S. Exchanges
Wednesday, March 16th, 2011Fannie Mae and Freddie Mac said they intend to delist their stock from the New York Stock Exchange as the U.S. government-backed mortgage companies continue to struggle amid billions in losses.
FHFA Subpoenas Firms That Sold Debt to Fannie Mae, Freddie Mac
Tuesday, March 15th, 2011The Federal Housing Finance Agency subpoenaed firms that sold mortgage-backed securities to Fannie Mae and Freddie Mac as the regulator aims to determine whether issuers can be held liable for losses on the debt.
Fannie Mae Subpoenas May Find $30 Billion of Bad Mortgages, Analyst Says
Tuesday, March 15th, 2011Fannie Mae and Freddie Mac’s regulator may identify as much as $30 billion of debt included in mortgage bonds that the companies can force sellers to repurchase, according to Joshua Rosner, an analyst who in 2007 predicted the collapse in the market for the securities.
Housing policy must be set on sustainable basis
Tuesday, March 15th, 2011The financial reform bill enacted last week is a significant step toward a much-needed modernization of our regulatory structure.
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