Top Fannie Mae News, Videos, and Blogs - WallStreetBlips

Fannie Mae’s Sale of Tax Credits Is A Bad Deal, Treasury Says

Sat, 7 Nov 2009 19:59:47 +0000

Fannie Mae’s request to sell $2.6 billion in low-income housing tax credits would be a bad deal for taxpayers and won’t be allowed, the U.S. Treasury said. The government decided the deal would cost taxpayers more than Fannie Mae would gain from the sale, according to a letter sent to the ...

iehi posted 6 hours ago from hf-implode.com

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BarCap Sees ‘Limited Use’ of Fannie’s Deed-for-Lease Program

Sat, 7 Nov 2009 19:45:58 +0000

"Although a new foreclosure alternative program announced Thursday by Fannie Mae (FNM: 1.04 -7.14%) presents a new step in mitigating foreclosure risk among distressed borrowers, it looks to have only a “marginal” effect on prepayments within Fannie residential mortgage-backed securities (RMBS), ...

iehi posted 6 hours ago from hf-implode.com

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Fannie Mae to rent out homes instead foreclosing (AP)

Sat, 7 Nov 2009 10:30:03 +0000

AP - Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday.

Irvine Housing Blog found this 15 hours ago on news.yahoo.com

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Accounting at B of A and Fannie

Fri, 6 Nov 2009 16:24:02 +0000

Via Yves Smith , John Hempton analyzes the quarterly results of Bank of America (so-so) and Fannie Mae (terrible). The underlying issue is that bank quarter-to-quarter results are largely driven by the amount of provisions they take against future loan losses. You can think of this as a very ...

jamesykwak posted 33 hours ago from baselinescenario.com

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Fannie Mae’s results – oh, and what if Bank of America reported the same way…

Fri, 6 Nov 2009 10:18:32 +0000

There have been some mathematical corrections to this post discussed in the comments. My pencil notes had the numbers right. By the time I got to writing it out errors had entered. Sorry. Fannie Mae just put out awful looking results based primarily on massive (and increasing) credit loss ...

naked capitalism found this 39 hours ago on brontecapital.blogspot.com

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Fannie Busting the Buck… (FNM, FRE)

Fri, 6 Nov 2009 14:57:48 +0000

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 attributable to common stockholders was $19.8 ...

24/7 Wall St. found this 35 hours ago on vsinvestor.com

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Fannie Mae: $18.9 Billion Loss, Requests Another $15 Billion

Thu, 5 Nov 2009 23:19:00 +0000

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 largely due to $22.0 billion of credit ...

SCSUScholars found this 2 days ago on calculatedriskblog.com

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Fannie Mae to Rent out Homes Instead Foreclosing

Thu, 5 Nov 2009 15:52:00 +0000

Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday. The government-controlled company, through its new "Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign ...

The Market Ticker found this 2 days ago on abcnews.go.com

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Rodgin Cohen on Decade's end (The Deal Video)

Wed, 4 Nov 2009 23:09:20 +0000

One of our last videos of our Decade of The Deal series pays a visit to Rodgin Cohen, the bank lawyer and Sullivan & Cromwell LLP managing partner who Andrew Ross Sorkin in his new "Too Big to Fail" describes as "one of the most influential and yet least well-known people on Wall Street." Well, ...

Dealbreaker found this 3 days ago on thedeal.com

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Today’s Best Market Rumors (11/4/2009)

Wed, 4 Nov 2009 21:00:00 +0000

Updated throughout the day. The CEOs of Goldman Sachs (NYSE:GS) and JPMorgan (NYSE:JPM) met pay czar Feinberg before he announced pay cut plans (Bloomberg) Time Warner’s (NYSE:TWX) Time, Inc publishing division will lay off 500 people (various). Senator Chris Dodd will propose merging ...

BloggingStocks found this 3 days ago on 247wallst.com

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Goldman Looks to Buy Fannie Tax Credits

Mon, 2 Nov 2009 04:57:38 +0000

WASHINGTON -- Goldman Sachs Group Inc. is in talks to buy millions of dollars of tax credits from government-controlled mortgage giant Fannie Mae, but the potential deal is running into opposition from the U.S. Treasury, which could block the deal. A sale would bring some needed financial ...

FT Alphaville found this 5 days ago on online.wsj.com

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SF Fed: Recent Developments in Mortgage Finance

Mon, 26 Oct 2009 20:23:44 +0000

From San Francisco Fed Senior Economist John Krainer: Recent Developments in Mortgage Finance As the U.S. housing market has moved from boom in the middle of the decade to bust over the past two years, the sources of mortgage funding have changed dramatically. The government-sponsored ...

FT Alphaville found this 12 days ago on calculatedriskblog.com

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Home appraisal system could be dustbin-bound

Fri, 30 Oct 2009 19:32:06 +0000

" Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac in May -- and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers -- be on its way out?"

iehi posted 8 days ago from hf-implode.com

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Buffett joins Goldman bid for Fannie Mae tax credits (Reuters)

Wed, 4 Nov 2009 10:33:30 +0000

Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) has joined Goldman Sachs Group Inc in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.

Newsback found this 3 days ago on news.yahoo.com

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Today’s Best Market Rumors (11/2/2009) (BK)(ODFL)(PALM)(AAPL)

Mon, 2 Nov 2009 21:00:00 +0000

Updated throughout the day. Updated 9.50 AM EST: The Fed will keep rates as they are (CBNC) A deal for Comcast (NASDAQ:CMCSA) to take control of NBCU from GE (NYSE:GE) is imminent, as usual. (NYTimes) Goldman Sachs (NYSE:GS) is considering buying Fannie Mae (NYSE:FNM) tax credits (WSJ) Bank of ...

BloggingStocks found this 5 days ago on 247wallst.com

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