Fannie Mae
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Freddie Mac, FHLB, Fannie Mae 2009 note calendar...NA Dec 1/NA NA Fannie Mae Benchmark notes NA Dec 2/NA NA FHLB Global notes NA Dec 8/NA NA Fannie Mae Benchmark notes NA Dec 16/NA NA Footnotes: -- Fannie Mae will state the specific offering maturity and size on announcement dates. The... In this article: Freddie Mac, FHLB, Fannie Mae, and Reuters |
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TIME | 1 day ago
Fannie Mae's 'Deed for Lease': Solution to Foreclosures?
...which has lingered on the outskirts of the housing-crisis debate, got a boost last week when the federal housing agency Fannie Mae said it would start offering leases of up to 12 months when other avenues to keeping families in their homes,...
In this article: Chase, Unemployment, Center for Economic and Policy Research, Mortgage Bankers Association, and Dean Baker
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Reuters | 3 days ago
Fannie Mae, Freddie Mac bill sale calendar
...Fannie Mae 3-month/6-month Dec 21 Dec 23 NA Freddie Mac* 3-month/6-month Dec 24 Dec 28 NA Fannie Mae 3-month/6-month Dec 28 Dec 30 NA Footnotes: -- Fannie Mae may auction one-year benchmark bills from time to time. -- Fannie Mae may skip any...
In this article: Freddie Mac, U.S., and Reuters
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WSJ.com: Markets | 3 days ago
Fannie, Freddie Woes Hurt Apartments
...where even "cash-flow-positive projects may not be able to get refinanced and will be pushed towards default. " Fannie and Freddie say they were conservative in underwriting of apartment-building loans. For example, 97% of Freddie-backed...
In this article: Freddie Mac, All rights reserved, Federal Housing Finance Agency, Manhattan, Tishman Speyer Properties, Harvard University, Fitch Ratings, and Lehman Brothers Holdings Inc.
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Forbes.com News | 3 days ago
Renting From Fannie
...were 332,292 foreclosed properties in October, down 3% from September but up approximately 19% from last October. The Fannie Mae ( FNM - news - people ) program is helping foreclosed families have more security, says Dean Baker, co-director...
In this article: Dean Baker, Derivative, Unemployment, Center for Economic and Policy Research, and Raymond James Financial
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Reuters | 5 days ago
Fannie Mae to sell $2 bln bills Wednesday
Fannie Mae <FNM.N> <FNM.P>, the largest U.S. home funding company, on Monday said it plans to sell $1 billion of three-month benchmark bills due Feb. 17, 2010, and $1 billion of six-month bills due May 19, 2010, on Wednesday, Nov. 18 in a...
In this article: U.S.
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Reuters | November 12, 2009
Fannie Mae sells $4 bln bills at higher rates
Fannie Mae <FNM.N> <FNM.P>, the largest U.S. home funding source, on Thursday said it sold $4 billion of benchmark bills at higher interest rates than for the same maturities auctioned a week ago. Fannie Mae sold $2 billion of three-month...
In this article: Veterans Day and U.S.
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washingtonpost.com | November 05, 2009
Hit by huge loss, Fannie Mae seeks more federal aid
...have securitized. These costs include the incentive fees we will provide our servicers and borrowers and" other losses, the company said. Fannie Mae's earnings report also shed new light on the growing debate over whether it should be...
In this article: Treasury Department, Tax, Goldman Sachs, Federal Housing Finance Agency, Freddie Mac, Balance sheet, and Financial crisis
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Description from Wikipedia:
The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers.
On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA. The action is "one of the most sweeping government interventions in private financial markets in decades". , Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion mortgage market.
- Name:
- Federal National Mortgage Association (Fannie Mae)
- Type:
- Government-sponsored enterprise & Public company
- Location City:
- Washington, D.C.
- Founded:
- 1938
- Stock Symbol:
- FNM
- Key People:
- Mike Williams, CEO
- Revenue:
- US$ $51.7 billion for 2008
- Operating Income:
- US$ −5.1 billion for 2007
- Net Income:
- US$ −2.0 billion for 2007
- Assets:
- US$ 882.5 billion for 2007
- Equity:
- US$ 44.0 billion for 2007
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