Fannie Mae
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Record profits! Is Fannie Mae out of the woods?
Apr 2, 2013
After losing $166 billion in four years, Fannie Mae reported a $17 billion profit for 2012 -- a record.
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Fannie and Freddie to launch joint securities venture
Mar 5, 2013
The regulator overseeing Fannie Mae and Freddie Mac has announced an idea to reform the mortgage giants. It involves starting a joint venture to bundle mortgages into securities that people can invest in.
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Fannie, Freddie to let some underwater homeowners walk away
Feb 1, 2013
Mortgage heavyweights Fannie Mae and Freddie Mac have announced a bailout program for struggling homeowners who are current on their payments. If there's a pressing need to leave their property, they can just walk away.
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Banks settle again, homeowners to get relief
Jan 7, 2013
In a costly day of legal settlements, 10 banks agree to pay $8.5 billion to four million homeowners for mishandling their foreclosures.
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High salaries at Freddie, Fannie draw attention
Dec 10, 2012
A government watchdog released a report this morning that scrutinizes the pay of senior staffers at Freddie Mac and Fannie Mae. The report is from the inspector general of the Federal Housing Finance Agency, which oversees Fannie and Freddie.
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Justice Department sues Bank of America over mortgage fraud
Oct 24, 2012
The Justice Department says Countrywide Financial -- which B of A bought in 2008 -- cranked out bad home loans without proper checks to make sure they were legit, and then sold those mortgages to Fannie Mae and Freddie Mac.
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Fannie and Freddie to allow principal reductions in California
Sep 14, 2012
This week, Fannie and Freddie quietly put out some "clarifying language" that could mean a lot to some beleaguered homeowners in California and in other states.
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Mortgage giants face new carrot -- and stick
Aug 17, 2012
Fannie Mae and Freddie Mac get some slack on repaying government bailout funds. But they’ll have to shrink their businesses faster than planned.
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Treasury to change relationship with Fannie, Freddie
Aug 17, 2012
There's word this morning that the Treasury Department is going to revamp its financial relationship with the mortgage giants Fannie Mae and Freddie Mac.
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A positive sign: Profits for Fannie Mae, Freddie Mac
Aug 8, 2012
Rising home prices contribute to profits for the bailed-out mortgage lenders. Higher home prices should help the real estate market and homebuyers, too.
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