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hf-implode.com - 6 days ago
Incentives for home ownership extended and expanded
— hf-implode.com — "The Federal Reserve’s mortgage-backed securities purchase program, the first-time homebuyer tax credit and higher Fannie Mae loan... limits along with record low home prices, have created a tremendous real estate market. All of these programs were set to expire soon, but for fear that their ... (more) Incentives for home ownership extended and expanded

Comments vote down iehi iehi posted 6 days agoposted this
Media Digest 11/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
247wallst.com - 9 days ago
Media Digest 11/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
— 247wallst.com — Reuters: Saab’s failure to be bought shows that Chinese companies are having trouble moving into Western markets... through M&A. Reuters: AIG (NYSE:AIG) and former CEO Greenberg settled legal issues between them. Reuters: Dubai will put a ... (more) Media Digest 11/26/2009 Reuters, WSJ, NYTimes, FT, ...

Comments vote down Millionaire Now! found this 9 days agofound this
Agency Mortgage Bonds are RICH
econompicdata.blogspot.com - 12 days ago
Agency Mortgage Bonds are RICH
— econompicdata.blogspot.com — Bloomberg (via Calculated Risk ) details Meredith Whitney's latest concern: The Federal Reserve has begun slowing purchases... in the $5 trillion market for so-called agency mortgage-backed securities after announcing in September that it would extend ... (more) Agency Mortgage Bonds are RICH

Comments vote down Abnormal Returns found this 12 days agofound this
hf-implode.com - 14 days ago
New fed housing program involves $29B in financing
— hf-implode.com — "A new federal program to support state and local housing finance agencies is expected to involve more... than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday." (more) New fed housing program involves $29B in financing

Comments vote down iehi iehi posted 14 days agoposted this
hf-implode.com - 15 days ago
Risk versus the US dollar
— hf-implode.com — If and when the Federal Reserve moves out of the mortgage backed securities field -a move expected... in the first quarter of 2010-, will private investors step in? Well, why should they? What profit can they expect to reap? US housing prices have been kept artificially high for at least the past ... (more) Risk versus the US dollar

Comments vote down iehi iehi posted 15 days agoposted this
hf-implode.com - 16 days ago
Why No One’s Watching Fannie and Freddie
— hf-implode.com — "An arcane legal matter has left the agency charged with overseeing Fannie Mae and Freddie Mac without... an independent inspector general for nearly one year, setting off a storm of finger pointing and raising concerns from members of Congress over why the agency has gone without independent ... (more) Why No One’s Watching Fannie and Freddie

Comments vote down iehi iehi posted 16 days agoposted this
minyanville.com - 17 days ago
Our Economy Is on Steroids
— minyanville.com — To help the auto industry, taxpayers were subsidizing the price of autos through the Cash for Clunkers... program and thus were creating artificial demand. The housing market, the epicenter of this crisis, is propped up from different directions. On one ... (more) Our Economy Is on Steroids

Comments vote down Fund My Mutual Fund found this 17 days agofound this
hf-implode.com - 18 days ago
U.S. to aid some local mortgage programs
— hf-implode.com — A Treasury Department program aimed at propping up local housing finance agencies will help inject $29 billion... into these groups over the next year, according to government data scheduled to be released Tuesday. The program focuses on state and local housing finance agencies, which provide ... (more) U.S. to aid some local mortgage programs

Comments vote down iehi iehi posted 18 days agoposted this
Stocks Overvalued, Recession Will Return: Meredith Whitney
cnbc.com - 19 days ago
Stocks Overvalued, Recession Will Return: Meredith Whitney
— cnbc.com — Stocks are overvalued and the US economy is likely to fall back into a recession next year,... well-known analyst Meredith Whitney told CNBC. "I haven't been this bearish in a year," she said in a live interview. "I look at the board and every single ... (more) Stocks Overvalued, Recession Will Return: Meredith Whitney

Comments vote down Mish's Global Economic Trend Analysis found this 19 days agofound this
news.yahoo.com - 20 days ago
FHA boss: FHA is not the new subprime (AP)
— news.yahoo.com — AP - Federal Housing Administration Commissioner David Stevens says concerns that the agency is headed for the... same financial trouble that snared Fannie Mae, Freddie Mac and the subprime sector are unwarranted. (more) FHA boss: FHA is not the new subprime (AP)

Comments vote down Newsback found this 20 days agofound this
hf-implode.com - 21 days ago
Bair: "Bank Bailout NOT a good thing"; Pension Benefit Guaranty Corp (PBGC) Bailout Coming
— hf-implode.com — David Stevens: "Bailout is a term widely used with financial institutions. FHA is a government agency so... let's just be clear. .... FHA does not operate under the same context as a typical financial institution. So the term bailout really just does not apply technically" Lovely Given that ... (more) Bair: "Bank Bailout NOT a good thing"; Pension Benefit ...

Comments vote down iehi iehi posted 21 days agoposted this
econlog.econlib.org - 22 days ago
Stiglitz and Orszags on Fannie Mae
— econlog.econlib.org — (November 8, 2009 01:23 PM, by David Henderson) The paper concludes that the probability of default by... the GSEs is extremely small. Given this, the expected monetary costs of exposure to GSE insolvency are relatively small -- even given very large ... (more) Stiglitz and Orszags on Fannie Mae

Comments vote down Aguanomics found this 22 days agofound this
calculatedriskblog.com - 23 days ago
Fannie, Freddie, Counterparty Risk and More
— calculatedriskblog.com — Yesterday I posted some excerpt from Freddie Mac's 10-Q: We believe that several of our mortgage insurance... counterparties are at risk of falling out of compliance with regulatory capital requirements, which may result in regulatory actions that could ... (more) Fannie, Freddie, Counterparty Risk and More

Comments vote down FT Alphaville found this 23 days agofound this
news.yahoo.com - 25 days ago
Tax credit decision could cost $5.2 billion (AP)
— news.yahoo.com — AP - Fannie Mae said Monday it may have to ask the government for more financial assistance... because the company cannot sell $5.2 billion in tax credits. (more) Tax credit decision could cost $5.2 billion (AP)

Comments vote down Newsback found this 25 days agofound this
pheedcontent.com - 25 days ago
Does Congress Hate God?
— pheedcontent.com — By the transitive property , yes: The prospect of Goldman Sachs benefiting from Fannie Mae's tax credits... was politically unpalatable, said Paul Miller, a bank analyst with FBR Capital Markets in Arlington, Virginia "Every politician on Capitol ... (more) Does Congress Hate God?

Comments vote down 24/7 Wall St. found this 25 days agofound this
hf-implode.com - 26 days ago
Treasury Denies Fannie’s Request to Transfer Housing Tax Credits
— hf-implode.com — " The US Treasury Department is denying the request of mortgage giant Fannie Mae to transfer half... of the equity interests in its low-income housing tax credit (LIHTC) investments to unrelated third-party investors." (more) Treasury Denies Fannie’s Request to Transfer Housing Tax ...

Comments vote down iehi iehi posted 26 days agoposted this
ritholtz.com - 27 days ago
Treasury DKs Goldman/Fannie/BRK Tax Credit Scam
— ritholtz.com — Due to an unexpected outbreak of rationality and perhaps embarrassment, the Treasury department has rejected requests of... Goldman Sachs and Berkshire Hathaway to purchase Tax Credits from Fannie Mae. This paper transaction would have provided ... (more) Treasury DKs Goldman/Fannie/BRK Tax Credit Scam

Comments vote down Abnormal Returns found this 27 days agofound this
online.wsj.com - 27 days ago
Freddie to Request Further Handouts
— online.wsj.com — NICK TIMIRAOS Freddie Mac said it didn't need any additional federal aid for the second straight quarter... as it reported a loss of $6.3 billion for the third quarter on Friday. But the company said it expected to ask for more handouts from the U.S. ... (more) Freddie to Request Further Handouts

Comments vote down The Aleph Blog found this 27 days agofound this
hf-implode.com - 28 days ago
Fannie Mae’s Sale of Tax Credits Is A Bad Deal, Treasury Says
— hf-implode.com — 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 ... (more) Fannie Mae’s Sale of Tax Credits Is A Bad Deal, Treasury ...

Comments vote down iehi iehi posted 28 days agoposted this
hf-implode.com - 28 days ago
BarCap Sees ‘Limited Use’ of Fannie’s Deed-for-Lease Program
— hf-implode.com — "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), ... (more) BarCap Sees ‘Limited Use’ of Fannie’s Deed-for-Lease Program

Comments vote down iehi iehi posted 28 days agoposted this
news.yahoo.com - 28 days ago
Fannie Mae to rent out homes instead foreclosing (AP)
— news.yahoo.com — 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. (more) Fannie Mae to rent out homes instead foreclosing (AP)

Comments vote down Irvine Housing Blog found this 28 days agofound this
washingtonpost.com - 29 days ago
Hit by huge loss, Fannie Mae seeks more federal aid
— washingtonpost.com — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from... the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ... (more) Hit by huge loss, Fannie Mae seeks more federal aid

Comments vote down Cato @ Liberty found this 29 days agofound this
baselinescenario.com - 29 days ago
Accounting at B of A and Fannie
— baselinescenario.com — 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 ... (more) Accounting at B of A and Fannie

Comments vote down jamesykwak jamesykwak posted 29 days agoposted this
vsinvestor.com - 29 days ago
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)

Comments vote down 24/7 Wall St. found this 29 days agofound this
brontecapital.blogspot.com - 29 days ago
Fannie Mae’s results – oh, and what if Bank of America reported the same way…
— brontecapital.blogspot.com — 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 ... (more) Fannie Mae’s results – oh, and what if Bank ...

Comments vote down naked capitalism found this 29 days agofound this