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Fannie & Freddie
21 hours ago ago from ducati998
Another potential $400 Billion to keep these and hence the mortgage market alive on subsidised mortgage rates. Fannie Mae and Freddie Mac’s federal regulator is renegotiating the companies’ financing plan with the U.S. Treasury Department and may seek an increase to their $400 billion federal lifeline before the end of the year, according to people familiar with the talks. Fannie Mae and Freddie Mac, the largest sources of mortgage ...
Related contentThis Is Not Over
14 hours ago ago from The EconoMissed
4 Big Mortgage Backers Swim in Ocean of Debt By MARY WILLIAMS WALSH Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support. These companies, the American International Group, Fannie Mae, Freddie Mac and GMAC, are not only unable to repay the government, they are in need of continuing infusions that make ...
Related contentWith 96% of the mortgage money pool, this spells trouble
9 hours ago ago from For What It's Worth
New York Times: Four big lenders including Fannie Mae and Freddie Mac remain on life support . Swimming in debt and taking on more. These companies, the American International Group , Fannie Mae , Freddie Mac and GMAC , are not only unable to repay the government, they are in need of continuing infusions that make them look increasingly like long-term wards of the state. And the total risk they pose to the taxpayer far exceeds ...
Related contentBailout Fannie, Freddie beyond the $400 billion? WHAT!!?
21 hours ago ago from Politics in the News
The U.S. Treasury faces a decision by year end on whether to increase its bailout of Fannie Mae and Freddie Mac beyond the $400 billion it has already committed. So far, the companies have taken $112 billion in capital infusions from the government, and most analysts believe they are unlikely to use up the full $400 billion. But some analysts say the Treasury and regulators should take precautions, in case losses run higher than ...
Related contentChrysler won't pay back any of the $3.7 billion in U.S. Treasury loans
10 hours ago ago from Car news, Car reviews, Spy shots and Videos - 4wheelsnews.com
The terms of a plan were filed recently in Bankruptcy Court and according to them, Chrysler won't pay back any of the $3.7 billion still outstanding in U.S. Treasury loans made under the Troubled Asset Relief Program. The US government has filed proofs of claim for unpaid principal, interest, fees and expenses however it will receive no recovery on account of such claim. These court documents were filed on behalf of Old Carco, which ...
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4 Big Mortgage Backers Swim in Ocean of Debt
9 hours ago ago from The New York Times
Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support. Multimedia These companies, the American International Group , Fannie Mae , Freddie Mac and GMAC , are not only unable to repay the government, they are in need of continuing infusions that make them look increasingly ...
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