It looks like Fannie Mae and Freddie Mac will have little choice but to play along with the Bush administration as it seeks to head off a large-scale foreclosure crisis by funneling large swaths of subprime borrowers into more affordable mortgage terms before their ARMs...
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Sen. Chuck Schumer, D-NY, has questioned the degree to which Countrywide Financial has come to rely upon the advances of the Federal Home Loan Bank of Atlanta, and has asked the Federal Housing Finance Board to investigate... [Includes one chart and one graph]
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Fannie Mae head Dan Mudd and Freddie Mac chief Dick Syron have lost nearly $8 million combined in potential severance compensation, thanks to the subprime mortgage market crisis, according to a new study by The Corporate Library, a firm which does an annual...
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The rotten third quarter results posted by Fannie Mae and Freddie Mac may have been an “I told you so” moment for James Lockhart, the director of the Office of Federal Housing Enterprise Oversight, who has steadfastly opposed raising their portfolio caps before they...
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Another year is about to end without enactment of GSE reform legislation, and many observers have diminishing expectations for next year as well. “There is just no time to get a bill done in 2007, but we continue to believe it is an issue that will be dealt...
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Freddie Mac officials may have thought the cloud hanging over the company would finally dissipate when the Office of Federal Housing Enterprise Oversight concluded its investigation of Leland Brendsel. Then Freddie reported a record $2.0 billion loss for the third...
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Sen. Jack Reed, D-RI, a member of the Senate Banking, Housing and Urban Affairs Committee, introduced another GSE affordable housing bill last month, hoping to provide $500 million to $900 million per year in funding to help those with worst-case housing needs...
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Officials at the Federal Housing Finance Board and the various Federal Home Loan Banks have said for months that the Banks have limited exposure to subprime mortgages. The latest data from the FHLBank System’s third quarter combined financial report back up...
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Finance Board Names Directors To Dallas, San Fran. FHLBanks: The Federal Housing... GSEs’ Market Cap Plunges $43.6 Billion in Last Year: Conventional wisdom among... Rough Third Quarter Forces Fannie, Freddie Back to the Street: A record $2.0 billion loss...
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