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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.
Home prices fell in most U.S. cities in third quarter
Reuters via Yahoo! News - 1 hour 30 minutes ago
Home prices fell in the third quarter from year-ago levels in about 80 percent of U.S. metropolitan areas, the National Association of Realtors said on Tuesday.
Commercial REO Brokers Association To Exhibit at National Association of Realtors: November 13-16, San Diego ...
PRWeb via Yahoo! News - Mon Nov 9, 12:00 pm ET
The Commercial REO Brokers Association, "CREOBA" (www.creoba.com), the exclusive commercial national association dedicated to assisting real estate professionals who want to provide REO services to banks and loan providers, proudly announces its featured role as an exhibitor at the National Association of Realtors Conference & Expo, to be held November 13-16 at the San ...
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
NJAR: State housing market continues to stabilize
The Star-Ledger - 33 minutes ago
State home sales continued to improve in the third quarter, according to the National Association of Realtors. The New Jersey chapter of the organization said existing home sales in the state rose 8.5 percent in the third quarter of this...
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.
U.S. home sales rise 11 percent in third quarter
Richmond Times-Dispatch - 1 hour 13 minutes ago
U.S. home sales increased 11 percent in the third quarter as an $8,000 tax credit for firsttime buyers boosted demand for entry-level properties. Sales of existing single-family homes and condominiums increased to 5.3 million at an annualized, seasonally adjusted rate from the previous quarter, the National Association of Realtors said today. The median price fell 11 percent from a year earlier ...
Median home prices fell nationwide in third quarter
USA Today - 41 minutes ago
A real estate group says home prices fell in eight out of every 10 U.S. cities in the third quarter of this year as heavily discounted distressed sales made up 30% of all deals.
US-BUSINESS Summary
Washington Post - 1 hour 29 minutes ago
Stocks turns positive as tech shares gain NEW YORK (Reuters) - Wall Street reversed early losses and traded flat to slightly higher on Tuesday, led by gains in consumer and technology shares, a day after stocks rallied on the prospect of prolonged low interest rates. * The Dow Jones industrial...
Home prices may be bottoming out
CNN Money - 1 hour 29 minutes ago
The bleeding in the housing market seems to be stanched, at least temporarily, according to home price data released on Tuesday.
Stocks lose steam
CNN Money - 2 hours 0 minutes ago
Stocks were mixed Tuesday as the market tried to extend momentum after a triple-digit rally in the previous session.