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Annaly Capital Management, Inc. Announces Public Offering of … – Forbes
21 hours ago ago from Mortgage News and Mortgage Rates
Annaly expects to use the proceeds of this offering to purchase mortgage-backed securities for its investment portfolio and general corporate purposes. View original story
Related contentFannie Mae & Freddie Mac Are Being Set Up To Fail
1 hour, 32 minutes ago ago from Consumer Mortgage Reports
Freddie Mac and Fannie Mae were among the first big financial corporations to receive significant federal bailouts after the financial crisis hit in 2008. Federal government authorities have been racing to fix bailed out car manufacturers and bankers and are pressuring to reshape the financial services industry. But Fannie and Freddie stay troubled wards from the state, with no blueprints for the future and no evident termination plan for the ...
Related contentHow Conventional Home Loans Work
31 minutes ago ago from q-seminar.com
A conventional loan is essentially any type of lender agreement that is not fully protected by the FHA (the Federal Housing Administration) or fully backed by the Veterans Administration. Potential homebuyers who have at least 3% of the purchase price available to make as a down payment may be eligible for this most popular type of loan program. Fixed Rate Loans Several categories of conventional loans exist, the most common and ...
Related contentFannie & Freddie: Obama’s $6.3 Trillion Off-Budget Scam Is America’s Shame (Jonathan Weil)
15 hours ago ago from The Daily Bail
Whether on Wall Street or in Washington, the biggest frauds often are the perfectly legal ones hidden in broad daylight. And in terms of dollars, it would be hard to top the accounting scam that Obama s budget wonks are trying to pull off now. The ploy here is simple. They are keeping Fannie Mae and Freddie Mac off the government s balance sheet and out of the federal budget, along with their $1.6 trillion of corporate debt and $4.7 trillion ...
Related contentFannie & Freddie problems
8 hours ago ago from Seattle Real Estate / Foreclosure Blog
Excerpts from a terrific Article in the WSJ regarding Fannie, and Freddie MCLEAN, Va.—When Charles E. Haldeman Jr. became Freddie Mac's chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It's likely to need even more. Freddie's federal overseers nevertheless have instructed Mr. Haldeman to focus on something that isn't likely to make the bleak balance ...
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Paying People Not to Walk Away
22 hours ago ago from The New York Times
Search All NYTimes.com Search Your Money February 8, 2010, 3:52 pm Paying People Not to Walk Away By JENNIFER SARANOW SCHULTZ Many homeowners are so far under water on their mortgages that they're tempted to walk away and rent elsewhere, even if they can afford the monthly payments on their current mortgage. Now, one company is trying to persuade banks to give those ...
Related contentFannie and Freddie Stagger On as Troubled Wards of the State
6 hours ago ago from Wall Street Journal
MCLEAN, Va. When Charles E. Haldeman Jr. became Freddie Mac 's chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It's likely to need even more. Freddie's federal overseers nevertheless have instructed Mr. Haldeman to focus on something that isn't likely to make the bleak balance sheet look any better: carrying out the Obama administration plan to allow ...
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