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.
2950 Stories, most recent news story added Tue Nov 10, 12:00 am 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.
Nov. 7 (Bloomberg) -- Fannie Mae’s request to sell $2.6 billion in low-income housing tax credits would be a bad deal for taxpayers and won’t be allowed, the U.S. Treasury said.
When the housing market tumbled, Jim Liptak could have adopted a woe-is-me attitude.
Nov. 6 (Bloomberg) -- Freddie Mac , the mortgage-finance company in government conservatorship, posted a narrower $5 billion third-quarter loss and said it has no immediate need for more U.S. Treasury aid as the value of its securities improved.
Goldman executives had argued that the deal would provide much-needed capital to Fannie Mae, which it could use to finance additional low-income housing.
Stocks eye retailers as jobless ranks swell NEW YORK (Reuters) - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer. Comments from Wal-Mart Stores Inc , the world's...
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Ridgewater Equity (RWE).
Fannie Mae , the largest provider of funding for U.S. home loans, said on Thursday bad mortgages and a federal foreclosure prevention program left it with a $18.9 billion loss, forcing it to tap the Treasury again to plug a hole in its net worth, Reuters reported.
Hawaii Newspaper - Hawaii coverage and reports on news, sports, business, entertainment, and events
MORTGAGE FINANCE The Obama administration on Friday denied Goldman Sachs's offer to buy millions of dollars in assets from struggling mortgage finance giant Fannie Mae.
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.
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.
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.
(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 could need $5.2 billion in more aid after gov't thwarts tax credit sale plan
(AP:WASHINGTON) 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.