WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to ...
WASHINGTON (Reuters) - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday. The comments follow speculation earlier ...
NEW YORK (Reuters) - Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a "setback" in home sales, and warned on its impact on the economic recovery. Fannie Mae <FNM.N> also ...
Fannie Mae to offer $6 billion of benchmark 3-year notes Fannie Mae on Thursday said it will offer $6 billion of new 3-year notes due May 7, 2013. The offering was first announced Wednesday without specifics. The notes were priced at $99.839 ...
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that "fundamental reform" of the government's role in the housing finance market is needed and it will be next year before proposals are ready for Congress. He told a House of Representatives ...
NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery. Citigroup Inc <C.N> stock rose as much as 8.4 ...
Gov't restates support for Fannie Freddie after lawmaker's comments rattle investors The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not ...
NEW YORK (Reuters) - Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration's bailout of home funding giants Fannie Mae and Freddie Mac. In a letter dated March 1, Rep. Darrell Issa, ...
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 ...
Fannie Mae asks for $15.3B in federal aid after posting $16.3 billion loss in fourth quarter Fannie 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 ...
