President Barack Obama, working with Democratic majorities in the House and Senate, accomplished many of the priorities on which he campaigned. Yet most every political observer expects the Democrats to lose seats in the November House and Senate elections, perhaps many of them.
The explanation derives from the fact that many voters supported Mr. Obama, and [...]
Posts Tagged ‘fannie Mae’
It’s still the economy
July 20th, 2010 by Financial Writer
Tags: barack obama, central bank, economic, economists, fannie Mae, financial markets, financial system, freddie Mac, us, us economic, us economy, us stocks, wall street
more...Holding Bankers’ Feet to the Fire
July 18th, 2010 by Financial Writer
KUDOS to the Federal Housing Finance Agency, overseer of Fannie Mae and Freddie Mac, the crippled mortgage finance giants. While some in Washington have continued to coddle the big banks even after they drove our economy into the ditch, this agency seems serious about recovering money for taxpayers by holding bad financial actors to account.
The [...]
Tags: banks, business, economy recovery, fannie Mae, financial markets, financial system, freddie Mac, Global Economy, investors, mortgage finance, taxpayers, us economic, us stocks, wall street
Mortgage Lenders Seek Relief From Forced Bad Debt Repurchases
May 27th, 2010 by Financial Writer
Mortgage lenders are seeking relief from Fannie Mae and Freddie Mac as the government-supported companies force them to buy back more soured debt, said John Courson, president of the industry’s largest trade group.
While his members “certainly understand” their contracts require repurchases of defaulted loans when items such as faulty appraisals, inflated borrower incomes or missing [...]
Tags: bank of america, borrowers, business, economy, economy recovery, fannie Mae, financial, mortgage bankers association's, mortgage lenders, stock market, us economy
US extends guarantees on Fannie, Freddie through 2012
December 26th, 2009 by Financial Writer
The US Treasury said Thursday it would extend guarantees to Fannie Mae and Freddie Mac through 2012 to allow the government-sponsored mortgage finance giants to weather any new crisis.
A new, amended agreement lifts a cap of 200 billion dollars in aid that can be pumped into each of the two firms, and gives the government [...]
Tags: fannie Mae, freddie Mac, Global Financial, housing, mortgage finance
Fatal error: Cannot redeclare pagenavi_textdomain() (previously declared in /home/moneywor/public_html/wp-content/themes/front-page/wp-pagenavi.php:34) in /home/moneywor/public_html/wp-content/themes/front-page/wp-pagenavi.php on line 35