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.
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.
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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
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 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 was among the losers of the day after the company posted a third-quarter loss, saying it will need more government funding.
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
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.
(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.
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...
The Federal Housing Administration, which has played a crucial role supporting American home buyers after the collapse of the mortgage market, has burned through a huge cash reserve in less than a decade and could soon wind up with what amounts to an automatic taxpayer bailout if the agency's for...
U.S. stocks were poised for a lower start Tuesday as the momentum that fueled the previous session's rally started to fade.
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...
WASHINGTON — Fannie Mae said Monday it may have to ask the governmentfor more financial assist...