Fannie Mae | featured news

The recession left behind a graveyard of corporate carcasses, from Circuit City to Linens n' Things to Lehman Brothers. Thousands of smaller businesses closed. AIG, Fannie Mae and Freddie Mac are staggering along as wards of the state.

Government-controlled mortgage finance giant says it will request $8.4B from taxpayers to stay afloat.

The total taxpayer bill for both Freddie Mac and Fannie Mae is now about $136 billion.

House lawmakers hold their first hearing about how to restructure the mortgage system.

Sixteen months after they were seized to prevent collapse, companies remain wards of the state, running a tab that has now exceeded $125 billion.

Until now, officials have signaled to the market that lending the mortgage giants money is just about as safe as lending to U.S. government itself.

Fannie Mae plans to allow homeowners facing foreclosure to stay in their homes and rent them for up to one year in a new program to help troubled borrowers.

Rates can fall to 2%--if you know how to play the game.

Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

The Obama administration launched a broad government effort this week to overhaul mortgage giants Fannie Mae and Freddie Mac and is considering splitting the companies and putting their troubled assets in a new federally backed corporation, administration officials said.