Topic: Fannie Mae
Fannie, Freddie losses underscore dire US housing sector
AFP American Edition
The US home mortage sector remains under siege -- as recent huge losses reported by government-run Fannie Mae and Freddie Mac show -- from high unemployment and troubled loans. "Fannie Mae and Freddie Mac are being hit by continuous problems. That pressure is going to continue through the rest of the year ...
Fannie Mae seeks $15.3B in gov't aid after 4Q loss
AP News
Fannie Mae asks for $15.3B in federal aid after posting $16.3 billion loss in fourth quarterFannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year. The rescue of ...
Fed optimistic on changing Wall St pay
Reuters US Online Report Business News
WASHINGTON (Reuters) - The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday. Wall Street pay has been a frequent source of controversy in the ...
Geithner: No change to Fannie, Freddie until 2011
AP News
Geithner: Obama administration won't seek to overhaul Fannie Mae, Freddie Mac until 2011The Obama administration will wait until 2011 to propose an overhaul of mortgage giants Fannie Mae and Freddie Mac, Treasury Secretary Timothy Geithner said Wednesday, arguing that he wanted to put some distance between a new system ...
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