Fannie Mae may seek more aid; tax credit decision could cost $5.2B
USA Today - Mon Nov 9, 6:55 pm ETFannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.
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Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.
MORTGAGE FINANCING Fannie Mae might have to ask the government for more financial assistance because it cannot sell $5.2 billion in tax credits, the District-based mortgage financier said Monday.
Freddie Mac's third quarter net loss came in at $1.94 per share, compared to a net loss of 11 cents in the prior quarter
Government controlled mortgage provider Fannie Mae said Monday the U.S. Treasury has blocked its plans to sell more than $2.5 billion in low-income housing tax credits.
Fannie Mae said Monday it might have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.
Freddie Mac was among the losers of the day after the company posted a third-quarter loss, saying it will need more government funding.
Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. The Treasury Department last week blocked the mortgage giant from selling about $2.6 billion in low-income... FannieMae - Affordable housing - Tax credit - United States Department of the Treasury - United States
Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.
(Corrects to indicate Treasury’s position on sale in first paragraph.) Nov. 9 (Bloomberg) -- Fannie Mae is evaluating whether it will have to write down the value of its low-income housing tax credits after the U.S. Treasury Department rejected a plan to sell them, the mortgage-finance company said today.
Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
Nov. 9 (Bloomberg) -- Fannie Mae is evaluating whether it will have to write down the value of its low-income housing tax credits after the U.S. Treasury Department rejected a plan to do so, the mortgage-finance company said today.
WASHINGTON - Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. The Treasury...
Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. The Treasury Department last week blocked the mortgage giant from selling about $2.6 billion in low-income housing tax credits to investors that included Goldman Sachs Group Inc. Because the investors...
Nov. 10 (Bloomberg) -- PennyMac Mortgage Investment Trust , the buyer of troubled housing debt, expects to start purchasing newly issued loans and packaging them into bonds by the middle of next year, Chief Executive Officer Stanford Kurland said.
Nov. 10 (Bloomberg) -- Tishman Speyer Properties LP and BlackRock Realty , owners of Manhattan’s Stuyvesant Town-Peter Cooper Village, need the cooperation of tenants and politicians to restructure $3 billion of debt on the complex, real estate developer Richard LeFrak said.
Overall, things are much better now than they were a year ago, with the glaring exception of unemployment.