Fannie Freddie Bailout
Ruth Lee The FRB took giant steps this week to rescue Fannie Mae and Freddie Mac from the current mortgage crisis and ensure the ongoing liquidity of the mortgage market. As the Wall Street Journal...
View ArticleFannie Freddie Bailout – Industry Reaction
Ruth Lee Bloomberg ran a great article this week giving some industry perspective and feedback on the recent Fannie Freddie Bailout initiative. Bill Gross, founder of Pimco, which has historically been...
View ArticleFannie, Freddie: “On a Tightrope”
Fannie, Freddie update from today’s MBA NewsLink: “The resurgence of Fannie Mae and Freddie Mac’s share prices has been aided by the Treasury’s plan to prop up the companies and the Securities and...
View ArticleFreddie, Fannie cut back mortgage fees
From Business Week: Freddie, Fannie cut back mortgage fees By ALAN ZIBEL WASHINGTON Mortgage finance companies Fannie Mae and Freddie Mac, seized by the federal government last month, are rolling back...
View ArticleWall Street Journal: “SEC Rules Could Favor Fannie, Freddie”
Well, didn’t the SEC’s proposed new rules for asset-backed securities comprised of mortgages, credit card receivables, auto loans and student loans stir up the buzz in the business and financial media...
View ArticleFirst California Mortgage Receives $50 Million in Warehouse Funding from...
Our congratulations to First California Mortgage for receiving $50 Million in Warehouse Funding from the Fannie Mae/Natty Mac initiative, as announced this morning in a news release picked up by MBA...
View ArticleAmerican Banker: Lenders Call Fannie’s Push on Loan Quality Redundant
It still amazes me the number of lenders trying to skirt quality control requirements considering the debacle of the last 3 years. FNMA is absolutely doing the right thing and I would argue should...
View ArticleThe Fate of the GSEs
Every day it seems there is a new volley of posturing and positioning around the fate of the GSEs. Personally, I find the back peddling by previously outspoken critics of the government-sponsored...
View ArticleFannie/Freddie Executive Bonuses: Get Paid to Fail?
by Mary Kladde Fannie Mae and Freddie Mac recently took to Capitol Hill to defend enormous executive bonuses after Congress voted to subject GSE employees to the federal pay scale. Seriously? The...
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