Fannie Mae: No investors for 15 days
AP - 1 hour 25 minutes agoFannie Mae says it won't consider offers from investors to buy its foreclosed properties until they have been on the market for 15 days.
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Fannie Mae says it won't consider offers from investors to buy its foreclosed properties until they have been on the market for 15 days.
Freddie Mac, the government-backed mortgage finance giant, said Monday it's trying to minimize losses on more than $1 billion in assets at risk because of the summer collapse of mortgage lender Taylor, Bean & Whitaker and a regional bank with which it did business.
Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor Bean & Whitaker Mortgage.
Freddie Mac (FRE) said delinquencies in its mortgage portfolio continued to rise last month, putting further pressure on the mortgage financier.
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Federally run home-loan guarantor Freddie Mac said the ripple from failures of Ocala-based Taylor, Bean Whitaker and Colonial Bank exposes it to more than $1 billion in potential losses.
Federally run home-loan guarantor Freddie Mac said the ripple from failures of Ocala-based Taylor, Bean Whitaker and Colonial Bank could cost it more than $1 billion to clean up.
Nov. 24 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities fell to the lowest in more than six months, signaling that interest rates on new home loans will decline as the Federal Reserve continues a program in which it plans to buy $1.25 trillion of so-called agency mortgage securities.
Mortgage finance company Freddie Mac on Monday put its initial loss estimate related to the bankruptcy of Taylor, Bean & Whitaker Mortgage Corp. at $500 million, and noted the figure could be much higher.
Fannie Mae said Monday that it named Jonathan Plutzik, a former Credit Suisse executive, to its board directors.
Fannie Mae's October 2009 Monthly Summary is now available at www.fanniemae.com/ir/monthly.
Fannie Mae today announced that the company has launched several initiatives supporting neighborhood stabilization and promoting home purchases by owner occupants and buyers qualifying for public entity housing programs.
Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp. In a regulatory filing with the Securities and Exchange Commission, government-backed... Freddie Mac - Bankruptcy - United States - Mortgage - U.S. Securities and Exchange Commission
Freddie Mac says losses related to Taylor, Bean bankruptcy 'could be significant'
Freddie Mac , the U.S. mortgage finance giant, said Monday it is seeking $595 million in loan payments and other funds hung up after the bankruptcy of lender Taylor, Bean & Whitaker , Reuters reported.
Mortgage finance company Freddie Mac said yesterday it could lose $500 million or more as a result of the bankruptcy-protection filing of Taylor, Bean & Whitaker Mortgage Corp.