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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

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Fannie Mae

Freddie Mac

Comments vote downundo vote up The Market Ticker found this 21 days agofound this

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baselinescenario.com - 20 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

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Fannie Mae

Bank of America

Universal Banking

Comments vote downundo vote up jamesykwak posted 20 days agoposted this

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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)

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Fannie Mae

Freddie Mac

Comments vote downundo vote up Irvine Housing Blog found this 19 days agofound this

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Links 11/6/09
naked capitalism — Newborn Babies Cry in Native Tongue Live Science (hat tip reader John D) Understanding long term chronic pain symptoms from minor motor vehicle accidents RFK Action Front, This is intriguing. Second Life creates virtual world for businesses Raw Story (hat tip reader John D) Fannie Mae’s results – oh, and what if Bank of America reported the same way… John Hempton Dollar rise *alert* FT Alphaville Reed Apologies for Glass Steagall Repeal, Building Citigroup Bloomberg Banks Thwarting Feinberg Pay ...

Accounting at B of A and Fannie
The Baseline Scenario — ... , 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 rough approximation to marking-to-market — instead of waiting for the loans to default, you estimate how many loans will default in the future (that estimate should change as the economic situation changes) and put that amount of money into reserves. Then when the defaults actually ...