fannie mae: Fannie Mae on Monday posted a $29 billion loss
- 11/10/08 06:47 AM
Yes, what you are about to read is true. It is not from the National Enquirer. Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and said it may have to tap the government's $100 billion lifeline in the coming months. Fannie Mae's fell to $9.4 billion at the end of September down from $44.1 billion at the end of last year. If that number turns negative, Fannie Mae would be forced to obtain funding from the Treasury Department. total aid for Fannie and its sibling company Freddie Mac is … (0 comments)
fannie mae: FBI to investigate, Fannie, Freddie, AIG, Lehman
- 09/24/08 03:27 AM
well call it a little too little, a little too late, .... The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned. Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac, and insurer American International Group Inc. Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. also is under investigation. The inquiries will focus on the financial institutions and the individuals that ran them, the senior law enforcement official … (0 comments)
fannie mae: Fannie, Freddie shares rise for 3rd straight day
- 08/27/08 08:29 AM
Fannie, Freddie shares rise for 3rd straight day which is great news for the mortgage and lending business. These 2 lending giants insure or hold more than half of all US loans and mortgages. Washington-based Fannie Mae completed a $2 billion sale of short-term debt on Wednesday, two days after McLean, Va.-based Freddie Mac sold the same amount of debt the companies may be able to avoid that by raising capital from investors or reducing the size of their balance sheet by limiting mortgage acquisitions, he said. The survival of these companies are critical not only to the mortgage industry. The … (0 comments)
Yes, what you are about to read is true. It is not from the National Enquirer.;)
;)
