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Fannie Mae & Freddie Mac Are Being Set Up To Fail
2 hours 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 contentFannie & Freddie problems
9 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 ...
Related contentWSJ: No Exit in Sight for US as Fannie (FNM), Freddie (FRE) Flail
12 hours ago ago from Fund My Mutual Fund
This is a nice overview story in the Wall Street Journal on what FanFredron (Fannie + Freddie + Enron) have become: a governmental warehouse of losses to subsidize the US housing market. Supposedly 2010 was going to be the year the long term future of these entities was supposed to be determined - i.e.(a) fully socialize these 2 as permanent money losing apparatus as to keep housing prices elevated and "help" home ownership rates [that's ...
Related contentHow Conventional Home Loans Work
1 hour, 43 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 contentThe Bleeding Continues at Fannie and Freddie
15 hours ago ago from The Lonely Conservative
Politicians sure are good at spending other people's money. The Wall Street Journal : 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 ...
Related contentRelated News
Fannie and Freddie Stagger On as Troubled Wards of the State
7 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 ...
Related contentNissan Motor Oct-Dec Net Profit Y45.0 Billion Vs Y83.2 Billion Loss - FOXBusiness.com
12 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Transportation Tuesday, February 09, 2010 Nissan Motor Oct-Dec Net Profit Y45.0 Billion Vs Y83.2 Billion Loss  By Yoshio Takahashi Dow Jones Newswires  ...
Related contentNissan returns to profit in Oct-Dec quarter
9 hours ago ago from U.S. News
Nissan returns to profit in Oct-Dec quarter TOKYO (AP) -- Japanese carmaker Nissan Motor Co. said Tuesday it booked a profit in the October-December quarter after a deep loss a year earlier, and now expects to be in the black for the full fiscal year. The company posted a 44.97 billion yen ($502 million) net profit in its third quarter, versus a 83.16 billion loss a year earlier. Sales increased to 2.00 trillion yen from 1.82 trillion yen. ...
Related contentRichard (RJ) Eskow: A College Test for Washington: Help Young People in Need, or Kowtow to Bank Lobbyists?
18 hours ago ago from Huffington Post
It should be, as the President once called it, a "no-brainer": Overhaul our broken system for distributing Federal student loans. Stop giving banks undeserved profits for administering these loans (an estimated $80 billion over ten years), since they take no risk and have managed the program poorly. Make sure our money goes directly to the young people that need them the most. Who could be against that? In fact, the student loan reform bill ...
Related contentSwedbank: Profit 'feasible' After $242 Mln Loss - FOXBusiness.com
13 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Finance Tuesday, February 09, 2010 Swedbank: Profit 'feasible' After $242 Mln Loss  By Steve Goldstein MarketWatch Pulse  LONDON -- ...
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