Tag Archives: office of federal housing enterprise oversight

Desperate Journalistic Attempt To Shift Blame From Fannie/Freddie

Here’s a column from the Heritage Foundation: Desperate to defend the incoming corporate-socialist order, the Center for American Progress again defended Fannie Mae and Freddie Mac after Wednesday’s presidential debate. CAP’s Wonkroom notes that John McCain accused Fannie and Freddie … Continue reading

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Fannie Mae Faces Serious Lawsuit

Report: A class-action lawsuit alleging securities fraud by the company could yield a hefty payment to shareholders. A vigorous defense on Fannie’s part would require rebutting the agency’s own report. Mr. Ajamie isn’t involved with the Fannie case. The Federal … Continue reading

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Who’s To Blame For The Mortgage Meltdown?

Brent Batten writes: A root cause was banks lending money to people who couldn’t afford to pay it back. Did it mean people were getting loans below the prime rate? The problem was exacerbated by the buying and selling of … Continue reading

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Restoring Confidence In Fannie Mae, Freddie Mac

From Bloomberg: Concerns about the financial health of the biggest U.S. mortgage finance company had driven Fannie Mae’s borrowing costs to the highest since March the previous week and its shares had tumbled 45 percent on the New York Stock … Continue reading

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Mortgage Bonds

NEW YORK, May 28 (Reuters) – Rising issuance of Fannie Mae and Freddie Mac mortgage-backed securities has pushed the share of the debt in a key bond index to record heights in recent months, presenting new challenges to investors. The … Continue reading

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Mortgage Haggling On The Hill

From the Economist: Democrats got their expansion of the Federal Housing Administration (FHA), the government agency that supports low-cost housing. The cost will be limited to $500m, and covered not by the taxpayer but by America‘s housing-finance giants, Fannie Mae … Continue reading

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Home Appraisals

The Chicago Tribune reports on a battle in Washington over home appraisal: In March, Fannie Mae, Freddie Mac, their federal regulator and New York Atty. Gen. Andrew M. Cuomo reached an unusual agreement. With it, Cuomo stopped investigating the home … Continue reading

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Mortgage Market Up

The Fed’s doing everything it can to boost the mortgage market. And it’s working. From FT.com: Fannie Mae and Freddie Mac, the government-chartered mortgage financiers, yesterday received the go-ahead from their regulator to pump as much as $200bn of liquidity … Continue reading

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America’s Two Largest Mortgage Finance Companies Get A Break

The New York Times reports on something that will mean easier and cheaper mortgages for many: WASHINGTON — With the blessing of the Bush administration, the regulator of Fannie Mae and Freddie Mac, the nation’s two largest mortgage finance companies, … Continue reading

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Would you bet on Fannie and Freddie?

The mortgage business is looking up. Its stocks are ricing. Commodities (gold and oil etc) are plunging. The Fed wants to reduce mortgage rates and make credit easier and cheaper to attain. Maybe happy days are here again? Forbes reports: … Continue reading

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