Tag Archives: Conservatorship

Fannie Mae: From Ward of the State to Cash Cow

When Fannie Mae was bleeding cash back in 2008, the government took it into conservatorship, which allowed Fannie Mae to draw funds from the Treasury to stay afloat. In return, the government took senior preferred shares of the company. Fannie … Continue reading

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Freddie Mac makes loan data available

Freddie Mac says it will disclose performance data on a swath of single-family loans that it purchased over a 13-year period representing about 53 percent of Freddie Mac’s total mortgage acquisitions, or 15.7 million mortgages, from Jan. 1, 1999 to … Continue reading

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Government’s suit against S&P could help revive lending

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‘Wind Down’ of Fannie, Freddie: ‘Positive for Housing’?

wind down” mortgage giants Fannie Mae and Freddie Mac, the U.S. Treasury Department is changing the terms of the capital support agreement that kept the two afloat in the first place. Fannie Mae and Freddie Mac were put under government … Continue reading

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Why Millions of Americans Still Can’t Refinance Their Mortgage

Mortgage rates hit new lows and applications to refinance fell for the third straight week. It defies logic, unless of course you operate in today’s tight mortgage market. It’s not just about the rate anymore. Negative equity, strict underwriting and … Continue reading

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Fannie Mae Insider Takes Top Job With Lower Pay

Timothy Mayopoulos, Fannie Mae’s general counsel and chief administrative officer, will become the mortgage giant’s new chief executive, sources close to the matter confirm. Mayopoulos, 53, has been with Fannie Mae since 2009, after being replaced at Bank of America … Continue reading

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Own vs. Rent Riles Government Housing Policy

Fannie Mae and Freddie Mac, the mortgage giants under government conservatorship, together owned 182,212 foreclosed properties as of the end of September. While they aggressively market and sell these homes to investors and owner-occupants alike, the numbers are still too … Continue reading

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Own Vs. Rent Riles Government Housing Policy

Fannie Mae and Freddie Mac, the mortgage giants under government conservatorship, together owned 182,212 foreclosed properties as of the end of September. While they aggressively market and sell these homes to investors and owner-occupants alike, the numbers are still too … Continue reading

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Higher Loan Limits for FHA, Amid Higher Risk?

On the same day that independent auditors released a report showing the government mortgage insurer, the FHA, has even less cash reserves now than it did last year to cover potential losses, Congress is readying to vote on a measure … Continue reading

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Fannie and Freddie’s Boss Speaks Out On Obama’s Refi Plan

Barely two weeks after President Obama proposed expanding a government mortgage refinance program in order to make millions more borrowers eligible, the man who would have to guide such a program announced yet another barrier to entry. The President’s plan … Continue reading

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