directorblue.blogspot.com - 10/13/2009
—
If you have interest in what helped precipitate the mortgage meltdown of 2008, one need only examine the actions of the government-sponsored entity Fannie Mae. As an indirect buyer and packager of subprime loans, Fannie trafficked in hundreds of billions in toxic financial products.The level of ...
Fannie Mae, Freddie Mac, Now FHA
investors.com 10/9/2009 — Posted By: eagle2(15) on 10/9/2009 | 5:19 PM ET Remind me...how did this new president just win the Nobel peace Prize with nothing but a trail of destruction in his wake? As for our Senators and congressmen, they do what they feel is best--not what we ...
Fannie Mae: $18.9 Billion Loss, Requests Another $15 Billion
calculatedriskblog.com 23 days ago — Press Release: Fannie Mae Reports Third-Quarter 2009 Results Fannie Mae (FNM/NYSE) reported a net loss of $18.9 billion in the third quarter of 2009 , compared with a loss of $14.8 billion in the second quarter of 2009. ... Third-quarter results were ...
Vested self interest and the future of Fannie Mae and Freddie Mac
tpmcafe.talkingpointsmemo.com 9/16/2009 — Fannie Mae and Freddie Mac take credit risk and interest rate risk. They take credit risk primarily by guaranteeing mortgages. They take interest rate risk primarily by owning mortgages and financing them on their own balance sheet. They also ...
The disaster continues...
commonsensewonder.blogspot.com 10/9/2009 — Fannie Mae, Freddie Mac, Now FHA Housing Mess: A huge, government-run housing agency shows massive losses and needs a bailout. Fannie Mae? Freddie Mac? No. It's the Federal Housing Administration, in a bad case of financial-meltdown deja vu. The FHA, which insures mortgages made by first-time ...