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Housing Needs To Keep Falling
hf-implode.com — " More ammo for the housing bears here: Despite the dips in both the Case-Shiller and FHFA... Home Price Indices, houses still aren't affordable based on historical price/income ratios." (more) Housing Needs To Keep Falling
Fannie Mae: $18.9 Billion Loss, Requests Another $15 Billion
calculatedriskblog.com — 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 ... (more) Fannie Mae: $18.9 Billion Loss, Requests Another $15 Billion
Fannie Busting the Buck… (FNM, FRE)
vsinvestor.com — Fannie Mae (NYSE:FNM) “broke the buck” in pre-market trading this morning after it recorded a net loss... of $18.9 billion for the third quarter of 2009. Including $883 million in dividends on the senior preferred stock, the net loss ... (more) Fannie Busting the Buck… (FNM, FRE)
Without an Inspector General, FHFA Lacks Independent Oversight
hf-implode.com — " Ed Kelley still comes to work in the same Washington DC building in the same office... as he did when he was the independent inspector general (IG) of the Federal Housing Finance Board (FHFB). But with the dissolution of the FHFB and the creation of the Federal Housing Finance Agency (FHFA), his ... (more) Without an Inspector General, FHFA Lacks Independent ...