House to Vote on Stimulus Bill Today
The Senate approved a revised version of the 170 billion dollar economic stimulus package created by Bush and Congress a few weeks back.
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Archive for the 'Fannie Mae' Category (Chronologically Listed)
Freddie Mac to Sell 5 Billion in Bills
Freddie Mac announced today that it plans to sell 5 billion dollars in reference bills next week.
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Fannie Mae Prepared for 2008
Fannie Mae’s Chief Executive Officer Daniel Mud announced today that they had enough capital to weather a negative housing market through 2008.
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Posted by Ryan Fiore on Dec 11 2007 under Fannie Mae, Housing Market
Fannie Mae and Freddie Mac Add Surcharge to Mortgages
Fannie Mae and Freddie Mac’s recent announcement shows that the subprime crisis is flowing over into the prime borrower market.
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Countrywide CEO Calls on Congress for Fannie & Freddie Cap Increase
Angelo Mozilo, Countrywide Financially CEO, announced today in an opinion piece in the Wall Street Journal that he felt Congress should increase Fannie Mae, Freddie Mac, and FHA loan limits to $625,000.
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Fannie Mae Cuts Dividends by 30% and Frees Up Assets
After today’s closing bell Fannie Mae announced that they will sell 7 billion dollars in preferred stock and cut it’s dividend 30 percent to gain capital throughout 2008.
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Fannie & Freddie Loan Limits to Stay at $417,000
James Lockhart, the Office of Federal Housing Enterprise Oversite director said in a statement today that “While the house price survey data used in determining the conforming limit shows a decline over the past year.. the level will remain at $417,000 for the third straight year.”
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Posted by Ryan Fiore on Nov 27 2007 under Ben Bernanke, Fannie Mae, Freddie Mac, Henry Paulson, Mortgage Lending
Inside Fannie Mae and Freddie Mac
Former HUD official Howard Glaser gave his take today on all of the news when it comes to Fannie Mae and Freddie Mac.
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Fannie Mae Posts Large Third-Quarter Losses
Today Fannie Mae, the largest buyer of mortgages on the secondary market, reported losses of 1.39 billion dollars as the credit crisis delinquencies increased.
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