All that is old is new again! Fannie Mae reported a net loss of $6.5 billion for the first quarter 2011, as a weakening housing market dashed hopes that the company had stabilized. Fannie said  would ask the government for a fresh taxpayer infusion of $6.2 billion after paying dividends to the Treasury. The loss […]

By most accounts, and as outlined and analyzed extensively in a Knowledge@Wharton article, What the Demise of Fannie Mae and Freddie Mac Mean for the Future of Homeownership –  the federally sponsored mortgage giants Fannie Mae and Freddie Mac did not cause the housing and mortgage crisis. But they were a big part of the problem, prompting […]

Attorneys who handle foreclosures for Fannie Mae will be able to charge as much as $1,300 per case in the state starting next month, a nearly 40 percent jump (or $350 more), that will make Maryland’s fee one of the highest in the nation. Read the full story … 

According to Forbes’ recent article, Is Fannie Bailing Out The Banks?,  the critics of the giant banks, say ABSOLUTELY. Close observers charge that Monday’s mortgage-putback deal between Bank of America and Fannie Mae and Freddie Mac is nothing more than a backdoor bailout of the nation’s largest lender. And the even bigger question is whether this just the beginning?
The […]

Here is a great piece, from the Christian Science Monitor and staff writer Mark Trumbull, which puts the take over of Fannie Mae and Freddie Mac into perspective.

As Secretary of Treasury Paulson correctly concludes, the housing correction poses the biggest risk to our economy. Clearly the government has had enough and opted to take […]

As just reported in InmanNews, shares of Fannie Mae and Freddie Mac hit 17-year lows today (July 10, 2008) as investors’ fears about the companies’ ability to raise additional capital fueled speculation of the possibility of a government bailout.
Along these lines, the Office of Federal Housing Enterprise Oversight (OFHEO) has issued a statement on the […]

As reported in the Baltimore Business Journal today, Fannie Mae – the Washington, D.C.-based mortgage giant – is setting new rules about what mortgages it will buy.
These new underwriting guidelines will have a huge impact on the number of people who will get loans and the amount of business that flows through the real estate, banking, […]