Fannie Mae, Real Estate | featured news

Fannie earns $17.2B in 2012, biggest annual gain

Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter.

 

U.S. sues BofA, calling loan fraud 'brazen'

Countrywide

The $1-billion civil suit alleges that BofA's Countrywide fraudulently deceived mortgage finance giants Fannie Mae and Freddie Mac into believing the company's risky loans were safe and sound.

 

U.S. tweaks Fannie Mae, Freddie Mac bailout terms, requires all profits

The Treasury said on Friday it is changing the way Fannie Mae and Freddie Mac will repay taxpayers in a move the Obama administration said would accelerate the winding down of the government-owned mortgage financiers.

 

Fannie and Freddie Reports Offer Positive Sign for Housing

Housing Market

Fannie Mae and Freddie Mac, the two mortgage-finance giants, this week reported some of their best quarterly results since the real estate collapse. On Wednesday, Fannie Mae posted second-quarter net income of $5.1 billion. That is up from $2.7 billion in the first quarter of this year and an improvement from a net loss of $2.9 billion in the second quarter of last year. Fannie requested no additional money from the Treasury and said it would pay a $2.9 billion dividend to taxpayers.

 

Fannie Mae Profit Signals a Stabilizing Housing Market

The government-backed mortgage financier said it made a profit in the first quarter and that it does not need additional bailout money — a first since the federal government took it over in 2008.

Senh: Another point for Barack Obama.

 

Fannie Mae earned $2.7B in Q1, doesn't' seek aid

Fannie Mae

U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It's the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis....

Senh: Yay! They're no longer sucking money from taxpayers.

 

Geithner says far behind on housing finance reform

Treasury Secretary Timothy Geithner said on Wednesday that the United States was far behind on reforming the country's housing finance system where the government's mortgage buyers Fannie Mae and Freddie Mac provide funding for the bulk of U.S. home loans.

 

Federal regulator stands by his principles on principal reduction

Principal Reduction

Edward J. DeMarco, who oversees Fannie Mae and Freddie Mac, has infuriated many by refusing to tell the home loan giants to reduce the amounts owed by distressed homeowners.

 

Fannie Mae to Seek $4.6 Billion More in Aid

Fannie Mae said it will request $4.6 billion more in government aid after posting a $2.41 billion fourth-quarter loss.

 

Regulator unveils help for underwater homeowners

Regulator unveils help for underwater homeowners

A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their mortgage.

Senh: Finally, the government's doing something right. It's step in the right direction. Now, if only banks other than Fannie Mae and Freddie Mac will also do the same.

 

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