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Posts related to ‘Fannie Mae’

home prices

Fannie Mae Will Repay $59.4 Billion to Taxpayers

Posted: May 9, 2013 at 9:40 am

The quasi-private mortgage-finance company, Fannie Mae, posted a $58.7 billion profit in the first quarter, thanks to recognition of a tax benefit worth $50.6 billion. Fannie Mae generated $8.1 billion ...
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New home

The Housing Recovery According to Fannie Mae

Posted: April 8, 2013 at 12:29 pm

The pick-up in house prices continues offer encouragement to Americans that it will continue according a recent survey by Fannie Mae. The results appear to contradict a survey released last ...
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Money, US, $100 bills

Does a Fannie Mae or Freddie Mac Profit Translate to Taxpayers?

Posted: April 2, 2013 at 12:05 pm

If you were as actively monitoring the financial giants as we were during the financial meltdown, you know all about the woes of Fannie Mae (FNMA). So when news came ...
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House for Sale

Saving Fannie Mae and Freddie Mac: The Pen Mightier Than the Sword

Posted: March 19, 2013 at 3:12 pm

Are Fannie Mae and Freddie Mac really still safe from the bankruptcy chamber? 24/7 Wall St. is looking for a reality check here and we find it surprising that the ...
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Bank of America

Bank of America Agrees to $10 Billion Deal with Fannie Mae

Posted: January 7, 2013 at 8:18 am

Countrywide Financial is the gift that keeps on taking from Bank of America Corp. (NYSE: BAC). This morning it took $10 billion from Bank of America’s shareholders following an agreement ...
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U.S. Treasury Wants to Sell Non-performing Mortgage Loans

Posted: October 16, 2012 at 12:58 pm

In remarks at a housing conference in Maryland today, U.S. Treasury Under Secretary for Domestic Finance Mary Miller told the audience that Treasury is working with the Federal Housing Finance ...
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Media Digest (8/15/2012) Reuters, WSJ, NYT, FT, Bloomberg

Posted: August 15, 2012 at 6:40 am

Standard Chartered pays a New York bank regulator $340 million to settle money laundering charges that involved Iran. (Reuters) The New York Times Company (NYSE: NYT) names BBC General Director ...
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Uncle Sam Riding to Big Banks’ Rescue Again? (BAC, C, JPM, WFC)

Posted: June 19, 2012 at 12:24 pm

Shares of Bank of American Corp. (NYSE: BAC) are up about 5% today on two bits of news. First there’s the story that the bank is negotiating a sale of ...
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US Treasury Reaps Profit on Mortgage Bonds (AIG, GM)

Posted: March 19, 2012 at 2:47 pm

The US Treasury reported this morning that it had sold the last of the $225 billion in mortgage-backed securities (MBS) that it purchased beginning in 2008 at the height of ...
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Fannie Mae Forecasts Weak Economy in 2012

Posted: December 20, 2011 at 11:55 am

With the fourth quarter of 2011 racking up better-than-expected sales gains both in on-line and brick-and-mortar stores, and some encouraging reports from homebuilders and on employment, the US economy going ...
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Todya’s Best Market Rumors (9/9/2011) NYSE Merger Block, Bank Of America Layoffs

Posted: September 9, 2011 at 8:17 am

Updated throughout the day. Bank of America (NYSE: BAC) will cut 40,000 jobs (WSJ) Nasdaq OMX (NASDAQ: NDAQ) will press its objections about the NYSE (NYSE: NYX) merger with Deutsche ...
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BofA and the Lesson of Assets Sales (BAC, AIG, XLF, FAS)

Posted: August 11, 2011 at 1:31 pm

Shares in Bank of America Corp. (NYSE: BAC) are up more than 5.5% today following reports that the bank selling some assets to raise cash. There is also some speculation ...
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Federal Agency Reports Rise in House Prices

Posted: July 21, 2011 at 1:34 pm

Conflicting signals from the US housing market are nothing new. For every forecast that the situation is improving, there is at least one competing forecast that things are getting worse. ...
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Media Digest (5/12/2011) Reuters, WSJ, NYT, FT, Bloomberg

Posted: May 12, 2011 at 4:07 am

The government may stop the sale of $9 billion in AIG (NYSE: AIG) shares if it does not do well. (Reuters) Taketa may take over Nycomed for $14.2 billion. (Reuters) ...
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Fannie Mae And Freddie Mac Execs Got Fair Pay

Posted: April 1, 2011 at 5:02 am

The Federal Housing Finance Agency's Inspector General issued a report which says the managements at Freddie Mac and Fannie may have been paid too much. The FHFA should have been ...
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