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Fannie Mae may seek more aid; tax credit decision could cost $5.2B

USA Today - Mon Nov 9, 6:55 pm ET

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.

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Local Digest: Tax decision could cost Fannie Mae $5.2 billion
Washington Post - Tue Nov 10, 12:00 am ET
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 Lowers Net Loss
Zacks.com via Yahoo! Finance - Tue Nov 10, 7:31 am ET
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
Treasury denies Fannie Mae tax credit plan
AP via Yahoo! News - Mon Nov 9, 2:35 pm ET
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 may need more federal aid
Denver Post - Tue Nov 10, 3:24 am ET
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: Financial Winners & Losers
TheStreet.com - Mon Nov 9, 10:55 am ET
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 tax credit decision could cost $5.2 bln
San Francisco Chronicle - Mon Nov 9, 3:10 pm ET
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 loses $6.3B but says it doesn't need more federal cash
USA Today - Sun Nov 8, 10:08 pm ET
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.
Fannie Mae Reviewing Treasury Decision on Credit Sale (Correct)
Bloomberg - Mon Nov 9, 10:59 am ET
(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 Redemption
PR Newswire via Yahoo! Finance - Tue Nov 10, 9:00 am ET
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:
Fannie Mae Reviewing Treasury Decision on Sale of Tax Credits
Bloomberg - Mon Nov 9, 9:56 am ET
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.
Fannie Mae tax credit decision could cost $5.2 billion
Boston Herald - Mon Nov 9, 4:20 pm ET
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 Can't Sell Tax Credits, May Need Help
The Lakeland Ledger - Mon Nov 9, 11:50 pm ET
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...
Fannie Mae tax credit decision could cost $5.2 bln
Rocky Mount Telegram - Mon Nov 9, 4:11 pm ET
WASHINGTON — Fannie Mae said Monday it may have to ask the governmentfor more financial assist...
Treasury Blocks Fannie Mae Tax Credit Sale
WebCPA - Mon Nov 9, 4:25 pm ET
The government has nixed a plan for Fannie Mae to sell over $2.5 billion worth of low-income housing tax credits to Goldman Sachs and Warren Buffett s company Berkshire Hathaway.
Treasury denies Fannie Mae tax credit plan
KING5 Seattle - Mon Nov 9, 3:07 pm ET
WASHINGTON (AP) — Government controlled mortgage provider Fannie Mae said Monday the U.S. Treasury has blocked its plans to sell more than $5 billion in low-income housing tax credits.