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calculatedriskblog.com - 21 days ago
Fannie Mae: $18.9 Billion Loss, Requests Another $15 Billion
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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 ...
washingtonpost.com - 20 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 20 days agofound this
abcnews.go.com - 21 days ago
Fannie Mae to Rent out Homes Instead Foreclosing
— abcnews.go.com — 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 ... (more) Fannie Mae to Rent out Homes Instead Foreclosing

Comments vote down The Market Ticker found this 21 days agofound this
news.yahoo.com - 19 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 19 days agofound this

Blog Reactions

SCSUScholars:  Congress played health care fiddle while housing burned

Bear Mountain Bull:  Fannie Wants More

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Blog Reactions

Congress played health care fiddle while housing burned
SCSUScholars — ... said it notified the F.H.A. late Tuesday that its computer models were creating unexplained inconsistencies. A news conference scheduled for Wednesday morning was canceled. The delay came amid broad public concern about the financial condition of the F.H.A., and appeared likely to add to questions about whether the agency is running excessive risks with taxpayers’ money.Sure a bad time for this, particularly given Barney Frank's continuing headache with Fannie Mae. Fannie Mae reported a net loss of $18.9 billion in the third quarter of 2009, ...

Fannie Wants More
Bear Mountain Bull — ... Fannie loses $18.9 billion, asks for another $15 billion . What, so they can piss that money away too? When does the insanity stop? Apparently, when it comes to the gov’t and the housing biz, never. Posted: 4:56 pm ...

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