If you think reform of the mortgage system which includes ridding the world of Fannie and Freddie is likely you might want to consider this. Fannie Mae said it will make a $10.2 billion dividend payment in September to the U.S. Treasury for its rescue aid. After that payment, which comes on the heels of […]
Posts Tagged ‘fannie mae’
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Fannie Posts A Big Loss: Did Anyone Notice?
Posted by Tom Lindmark on May 8th, 2009
It’s indicative of the times we live in that Fannie Mae can announce a loss of $23.17 billion for the first quarter of the year and not even cause a stir. Oh, as an aside, they need an infusion of $19 billion from the Treasury. Continuing losses from Alt-A and subprmine loans as well as […]
How To Restructure Fannie And Freddie
Posted by Tom Lindmark on January 27th, 2009
Susan Woodward and John Hall are two economists who write infrequently but generally quite well when they do post something. They are out today with recommendations as to where to go with Fannie and Freddie and by implication the residential mortgage finance sector. Here is their summary of recommendations: The GSEs should be preserved, mainly […]
Fannie Claims For Bogus IndyMac Loans Increase
Posted by Tom Lindmark on January 12th, 2009
Housing Wire is now reporting that Fannie Mae is trying to get $10 billion instead of the originally reported $1 billion from the FDIC. Fannie claims that IndyMac stuck them with this amount of fraudulent loans which the FDIC as the receiver is now liable for. You may recall that I previously cited this story […]
Fannie Mae’s Bill Is Holding Up The IndyMac Sale
Posted by Tom Lindmark on December 30th, 2008
This is pretty rich with irony. Fannie Mae seems to be standing in the way of the FDIC’s sale of IndyMac to a group of private investors. As reported by Housing Wire, Fannie presented the FDIC with a bill for $1 billion shortly after it seized IndyMac. The bill was for representations and warranties violations […]
