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.
2962 Stories, most recent news story added Mon Nov 9, 5:33 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.
CNBC: On the way down and on the way up, home prices always lag sales, but they may be beginning to catch up. A new report from Zillow.com finds home values stabilized in the third quarter of this year, as sales of new and existing homes grew.
By 10qk. Banner Corp. ( BANR ) filed Quarterly Report for the period ended 2009-09-30. Read more » »
Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.
Abstract: Gold, small caps and the U.S. dollar have had a stable three-way relationship for the better part of the 2009 rally. Now the three could be parting ways.
Indicators MONDAY Nothing scheduled. TUESDAY Labor Department releases job openings and labor turnover survey for September. WEDNESDAY Veterans Day. Bond markets closed. THURSDAY Labor Department releases weekly jobless claims. Treasury releases federal budget for October. Freddie Mac releases weekly mortgage rates.
The government says that Fannie Mae's proposed sale of tax credits to Goldman Sachs would result in a net loss for taxpayers.
To evaluate our progress toward recovery we should revisit root causes, the sector that began the collapse - real estate. We're thinking Somebody is to blame for this economic mess. And we're right. It's us. Like Pogo said, "We have met the enemy, and he is us." We elected Republican and Democratic Congresses that passed bills, as well as Democratic and Republican presidents who signed them into ...
By 10qk. SCBT Financial Corp. ( SCBT ) filed Quarterly Report for the period ended 2009-09-30. Read more » »
NEW YORK----Fitch Ratings confirms the 'AAA/F1+' rating assigned to the Indiana Housing and Community Development Authority single-family mortgage revenue bonds, 2008 series A-2 variable-rate demand bonds outstanding in the amount of $85 million.
There have been many new programs that have surfaced since the election of President Obama and after being rejected for all of them, I thought I would write this letter in hopes of educating other families.
Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as taxpayers' bill from the housing market bust keeps getting bigger.
In response to "30 McCrory precincts powered Foxx victory" (Nov. 5) and related articles:
WASHINGTON - Rates for 30-year home loans dipped below 5 percent last week after rising for three straight weeks. The average rate fell to 4.98 percent from 5.03 percent a week earlier, mortgage company Freddie Mac said Thursday.
Even though the Federal Reserve concluded last week that the weak U.S. economy still requires the currently massive amount of stimulus, Wall Street appears to have once again come to terms with the policies that have helped push the market more than 60% off its March lows...( Read More )
When the housing market tumbled, Jim Liptak could have adopted a woe-is-me attitude. As president of the California Association of Realtors in 2009, he witnessed housing values plummet, financing tighten and homeowners struggle to retain their properties.