Hints and tips:
...US Supreme Court deals blow to Fannie and Freddie shareholders Shares in Fannie Mae and Freddie Mac plunged by more than a third yesterday after the Supreme Court threw out investors’ claims that the US...
...“It’s like Reverend Jesse Jackson always said, baseball became a better sport after Jackie Robinson started to play.”...
...Claire Robinson, a managing director in the structured finance business at Moody’s, said: “Post-financial crisis, the environment has changed....
...Were it not for the dividend, Fannie and Freddie argue, they would be close to breaking even....
...Fannie Mae and Freddie Mac, the government-sponsored mortgage guarantors, and private investors who own mortgage loans were also mentioned as possible providers of cash in the scheme....
...BofA faced $12.9bn in such claims in late 2011, about half from Fannie and Freddie and the rest from private investors....
...- What to do about Fannie and Freddie. - Five ways to play Middle East turmoil. - On core inflation. - The great decoupling. - Well, they would say that, wouldn’t they?...
...Fannie Mae and Freddie Mac have cost the US taxpayer $150bn and the bill could rise to at least twice that....
...Fannie Mae and Freddie Mac, the US government-backed mortgage lenders, have lost $226bn since mid-2007, according to a government report on Thursday, reports the FT....
...In Q2 last year, Fannie lost $14.8bn....
...Fannie Mae said on Monday it would need an extra $8.4bn in aid, as the US government-controlled mortgage finance company continued to suffer heavy losses on its bad loans....
...But a change began in 2008, as Fannie Mae and Freddie Mac verged on bankruptcy, and legislation was rushed through Congress to restructure them....
...MW: We don’t want to have Fannie and Freddie here, do we? MK: No, we do not want to do that. MW: Okay, let’s leave aside the fiscal policy issues....
...Fannie also incurred losses from modifying the terms of mortgages for struggling borrowers under the government’s housing market rescue plan. More details on FT Alphaville....
...A sale would bring some needed financial respite to Fannie Mae....
...” - Taibbi on Fannie, Freddie and the New Red and Blue. - “Bankers are like movie stars….” - A big year for oil? - Dubious plans for redeeming US money market accounts....
...Warren Buffett’s Berkshire Hathaway has joined Goldman Sachs in the investment bank’s bid to buy $3bn in tax credits from government-owned mortgage giant Fannie Mae, reports the WSJ....
...Sachs banker, served in government under Hank Paulson, former Treasury secretary and Goldman’s ex-chief, and stayed on at the request of Tim Geithner, Treasury secretary, until Herb Allison, former CEO of Fannie...
...The Federal Open Market Committee on Wednesday decided to shave $25bn off the planned $200bn purchase of debt issued by state-owned mortgage giants Fannie Mae and Freddie Mac....
...AIG, the insurer that came close to collapse last September, has soared 150% since Aug 3, while government-run mortgage financiers Fannie and Freddie have both gained nearly 250%....
...Citigroup is expected to name Diana Taylor, a former banking regulator who is a director of mortgage giant Fannie Mae and the companion of New York city’s mayor Michael Bloomberg, as a director in a revamp...
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