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Are Freddie And Fannie Insolvent? - Page 6

Fannie Mae Downgrades Outlook. Housing Stuck in a Rut

At the second anniversary of the current economic expansion, housing remains stuck in a rut according to Fannie Mae's Economic Outlook for June which notes that most housing indicators started the second quarter with little momentum. Housing starts and builder's confidence are still at depressed levels and the sluggish construction activity reflected in both measures is one of the reasons that the current economic recovery is less robust than previous ones have been. Total construction spending improved... Ref. Source 7

Insolvent Fannie Freddie Are

Its almost a poetic justice when you have S&P downgrading Fannie Mae and Freddie Mac. Too bad it won't reflect good for all of us and our pockets.

Are Freddie And Fannie Insolvent? History & Civil Business Politics

The federal agency overseeing Fannie Mae and Freddie Mac filed lawsuits against 17 financial institutions in an attempt to recover losses from risky mortgage investments.

The lawsuits were filed against many of the nation's largest Wall Street and financial firms, including Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase.

In the complaints, the Federal Housing Finance Agency contends the institutions misrepresented the quality of the investments' underlying loans. Ref. CNN

Page 6 Insolvent Fannie Freddie Are

Freddie Mac seeks further $6bn from taxpayers
Global Real Estate News

US mortgage financier's bail-out total mounts to $72.2bn following a $4.4bn third-quarter loss, its worst quarterly performance in more than a year
Source: Financial Times - Property

Insolvent Fannie Freddie Are

Fannie Freddie saga heats up
Mortgage News

Troubles continue to plague Fannie Mae and Freddie Mac, the giant mortgage companies that were taken over by the government in 2008 and bailed out by taxpayers. The Securities and Exchange Commission, or SEC, sued three former executives at each of the two companies, including the former CEOs, charging them with misrepresenting the amount of subprime
Source: Bankrate.com » Mortgages

Are Freddie And Fannie Insolvent?

Fannie's New G-fee Policy Concerns Lenders; CFPB's Busy Summer Season Including QM

What is 33.9%? According to Inside Mortgage Finance it's Wells Fargo's market share of the mortgage business for the 1st quarter, the most ever for any firm. Rounding out the top players were Chase (10.6%), U.S. Bancorp (5.2%), and Bank of America (4.2%). More Other lenders are only too happy to step into BofA's, MetLife's, and ING's void. Affiliated Mortgage Company (AMC) is expanding its Retail Division in Texas, the Southwest, and Midwest. This expansion would include top producing LO's, producing... Ref. Source 4

Are Freddie Fannie Insolvent - Page 6

BofA Repurchases $330M from Freddie; Delinquencies Down, Sales Prices Up - What's Going On? AIG Back in Subprime

Here is an interesting note for debt market students: Germany is scheduled today to sell two-year bonds that won't make set interest payments . The move reflects the safe harbor of German debt while revealing trepidation about the euro zone. There is even talk of German bonds with negative yields. "In these uncertain times, people are more concerned about the return of capital rather than the return on capital," said one strategist at Lloyds Bank. (Our 2-yr. Was auctioned off yesterday with a yield... Ref. Source 9

Are Freddie Fannie Insolvent Politics Business Civil & History - Page 6

Did taxpayers lose in Libor scam
Mortgage News

Who's the latest loser in one of the largest banking scams in history? Fannie, Freddie and you.
Source: Bankrate.com » Mortgages