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Federal government lifts bailout cap for Fannie and Freddie
21 hours ago ago from Breaking News
The federal government will lift the $400 billion financial cap it was to provide to Fannie Mae and Freddie Mac to keep the mortgage giants from failing, according to an Associated Press report.
Related contentOh Wait, the Freddie/Fannie Scam is Now Unlimited
18 hours ago ago from Ian Welsh
Per Bloomberg: The U.S. Treasury Department will remove the caps on aid to Fannie Mae and Freddie Mac for the next three years, to allay investor concerns that the companies will exhaust the available government assistance. The two companies, the largest sources of mortgage financing in the U.S., are currently under government conservatorship and have caps of $200 billion each on backstop capital from the Treasury. Under the new ...
Related contentUS extends guarantees on Fannie, Freddie
7 hours ago ago from Times of the Internet - The Web's Number One News Source - Times News
absolutely-fabulous absolutely-scrumptious business cooking-recipes crime entertainment gossip health internet lifestyle movies nation news online-games people personal-development politics press-releases products science sports technology this-and-that travel weather world top stories US extends guarantees on Fannie, Freddie by Rob Lever WASHINGTON (AFP) -- The US government pledged virtually unlimited aid ...
Related contentTreasury removes cap for Fannie and Freddie aid
11 hours ago ago from EcoBizWatch - Economy and Business News Watch
EcoBizWatch Economy and Business News Watch H O M E Stock Markets Business & Economy Finance Industries Company Earnings VIDEOS Treasury removes cap for Fannie and Freddie aid NEW YORK The government has handed its ATM agenda to abandoned mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thursday it removed the $400 billion cyberbanking cap on the money it ...
Related contentUS extends financial guarantees to mortgage giants (AFP)
17 hours ago ago from Business Blog Posts, News and Information - BusinessRover Blog
AFP - The US government has pledged virtually unlimited aid to mortgage finance giants Fannie Mae and Freddie Mac through 2012 to allow the government-sponsored firms to weather any new crisis. Read Original Post Here This entry was posted on Friday, December 25th, 2009 at 10:13 am and is filed under Personal . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response , or trackback from your own ...
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U.S. Lifts Limit On Aid To Fannie, Freddie : NPR
2 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast U.S. Lifts Limit On Aid To Fannie, Freddie by The Associated Press text size A A A December 25, 2009 The Treasury Department said it has removed the ...
Related contentU.S. promises unlimited financial assistance to Fannie Mae, Freddie Mac
13 hours ago ago from Washington Post - Politics
The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac , an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress. The Christmas Eve announcement by the Treasury Department means that it can continue to run the companies, which were seized last year, as arms of ...
Related contentBBC News - US agrees $6m pay cheques for Fannie and Freddie bosses
17 hours ago ago from BBC
The two companies have been handling mortgages for decades The heads of US mortgage giants Fannie Mae and Freddie Mac may each receive pay packages of up to $6m ( 3.7m) for 2009, depending on company performance. The government has put $111bn of public money into the companies since taking them over and the awards go against moves to curb lavish pay packages. But the regulator which decided the pay levels said the awards ...
Related contentSanta showers Fannie, Freddie with cash
22 hours ago ago from CNN Money
Santa showers Fannie, Freddie with cash By Colin Barr, senior writer December 24, 2009: 2:00 PM ET NEW YORK (Fortune) -- For top executives, 'tis the season to get paid in company stock - unless you happen to work at Fannie Mae or Freddie Mac. The taxpayer-backed mortgage giants disclosed Thursday that they could pay out as much as $40 million to their top 10 executives for work in 2009. The CEOs - Fannie's ( ...
Related contentReuters Breakingviews: Mortgage Titans Resist Shrinkage
16 hours ago ago from The New York Times
Mortgage Titans Resist Shrinkage As with many giants, it's hard to cut Fannie Mae and Freddie Mac down to size. The government, which controls the mortgage behemoths, planned to shrink them by 10 percent in 2010. Don't count on it. Failure is unthinkable, even though both companies still rely on a $400 billion equity life-line from taxpayers. These are institutions with a combined $1.5 trillion portfolio of ...
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