Hints and tips:
...Some of these sins of omission involve institutions: the mortgage groups Fannie Mae and Freddie Mac, for example, remain stuck in a bizarre legal limbo, while there is still far too little scrutiny of non-bank...
...This was followed by similar deals by other US mortgage agencies such as Freddie Mac and Fannie Mae, to little fanfare....
...Intercontinental Exchange, which is known for transforming musty financial institutions into lucrative high-tech trading venues, is close to taking full control of Mortgage Electronic Registration Systems...
...For instance Fannie Mae and Freddie Mac, which stand behind US residential mortgages, tend to require credit information from all three agencies before they sign off on a loan....
...The government should resist the pressure to save Lehman Brothers, as it had Bear Stearns and Fannie Mae and Freddie Mac, the mortgage institutions, I wrote....
...But what they have in common is that they are not eligible to be bought by Fannie Mae or Freddie Mac, the government-backed mortgage enterprises, or to be insured by the Federal Housing Administration, which...
...Fannie and Freddie stand behind the bulk of US home loans and underpin the country’s unique system of 30-year fixed-rate mortgages....
...Together, Fannie and Freddie guarantee the bulk of US home loans and underpin the country’s unique system of 30-year fixed rate mortgages....
...In the US, the mortgage market could not operate without the financing provided by twin utilities, Fannie Mae and Freddie Mac. The parallels are intensifying in two ways....
...But three large companies kept getting cheaper until they all but disappeared: camera film-maker Kodak, insurer AIG and Fannie Mae, the quasi-governmental mortgage guarantor....
...mortgage companies....
...In May, Fannie Mae and Freddie Mac, the government-controlled mortgage buyers, strengthened standards on non-banks servicing mortgages....
...It said Goldman had sold $11.1bn of MBS to Fannie Mae and Freddie Mac, the state-backed mortgage finance agencies, even as “significant percentages of the underlying loans . . . had materially poorer credit...
...Fannie Mae and Freddie Mac is a tougher case for the government....
...Goldman was one of only four institutions still being pursued by the FHFA, which sued 18 institutions in 2011, accusing them of misrepresenting the quality of securities sold to Fannie Mae and Freddie Mac...
...Government agencies sued BofA for the mortgage-backed securities that Countrywide allegedly dumped on Fannie Mae and Freddie Mac. JPMorgan was charged and fined for fraud alleged against Bear and WaMu....
...Mr Ackman set out for the first time in public his rationale for buying 11 per cent of the shares of Fannie Mae and Freddie Mac, the government-run mortgage finance groups which collapsed into government...
...But it does not buy or sell loans or issue mortgage-backed securities. Fannie Mae also does not provide loans but it buys them from lenders and bundles them into securities....
..., the chief economist of Fannie Mae has warned....
...They span penalties levied by agencies such as the Commodity Futures Trading Commission and mortgage repurchases from Fannie Mae and Freddie Mac, the quasi-governmental US mortgage insurers....
...the US government a resounding courtroom victory on a financial crisis case — the jury found BofA’s Countrywide Financial unit liable of civil fraud for defrauding Fannie Mae and Freddie Mac....
...Conventional wisdom places Fannie Mae at the centre of the crisis as one of the mortgage companies underpinning a vast unsustainable system of housing finance....
...UBS was a relatively small seller of MBS to Fannie Mae and Freddie Mac, with $6.4bn notional value. BofA, JPMorgan and RBS were much bigger, each with more than $30bn in notional value....
...Housing would have suffered badly without Fannie and Freddie underwriting the mortgage market, for example....
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