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.
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...
Treasury denies Fannie Mae plan to sell tax credits
WASHINGTON—Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.
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) -- 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.
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.
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The Treasury found an agreement to sell about half of Fannie Mae’s credits would have cost taxpayers more than the company would have gained from the deal. Goldman could have used the tax credits to lower the firm’s tax bill.
It's not what we're trained for as leaders or how our businesses are set up to work.
Nov. 9 (Bloomberg) -- Fannie Mae is reviewing whether it will have to write down $5.2 billion in low-income housing tax credits after the U.S. Treasury rejected its request to sell the investments, the mortgage-finance company said today.
The Treasury Department Friday rejected a proposal for Fannie Mae to sell $2.6 billion, or roughly half, of its unused low-income housing tax credits to two unidentified investors believed to be Goldman, Sachs & Co. and Berkshire Hathaway Inc.
Federal lender requested $15 billion financial aid last week after reporting $19.8 billion quarterly loss.