Hints and tips:
...Most lenders sell the loans they originate on to the government-backed agencies Freddie Mack and Fannie Mae, who insure them and sell them on to bondholders....
...Alternatively, there is what Fannie Mae economists last year described as “the coming exodus of older homeowners”....
...The Council on Foreign Relations offered its own timeline, which controversially starts in 1992, and the broadening of the remit for Fannie Mae and Freddie Mac....
...The AIG case has one clear winner — US lawyers charging well-heeled clients big bucks to argue over the federal government’s response to the financial crisis of the last decade....
...With the US government deficit shrinking, and the government-run mortgage firms Fannie Mae and Freddie Mac also slimming down, there is less debt for them to buy right now....
...Cesaria Evora Mae Carinhosa (Lusafrica)...
...Alice Ross, Tobias Buck, Matt Steinglass and Patrick Jenkins...
...And the unintended effects of regulations, such as heavy implicit subsidies for the mortgage agencies Fannie Mae and Freddie Mac, or limits on deposit rates, drove the setting up of an institutionalised...
...Rates have continued to inch lower with the resumption of quantitative easing, but this is having less bang for the buck....
...But don’t rush to Monrovia to warn the government off creating a Liberian Fannie Mae and Freddie Mac just yet....
...Find Huge Lumps of Bucks. Or, simply, the Federal Home Loan Banks, one of the biggest providers of funding for US mortgages — and it may be in trouble....
...The Paulson buck stopped with Fannie and Freddie....
...They have felt thus far that they get more bang for the buck by targeting private borrowing rates directly....
...The central bank could have sent the same message simply by expanding its purchases of securities issued by mortgage financiers Fannie Mae and Freddie Mac....
...In the end, the FOMC appears to have taken the view that targeted credit operations offer the most bang for the buck, though that assessment could change....
...Some senior officials see the relatively liquid Treasury market as offering little bang for the buck....
...Money market funds immediately “broke the buck” leading to epic withdrawals from money markets into Treasuries....
...Despite the steps that had been taken to support Fannie Mae and Freddie Mac, their condition continued to worsen....
...Having written off $785m of once highly rated Lehman debt, Reserve Primary Fund this week “broke the buck” – its net asset value per share fell below its target of $1....
...The $700bn fund “is a limited resource” and the Treasury could get more bang for its buck investing in equity or providing risk capital for Fed financing schemes....
...That was to deal with Fannie Mae and Freddie Mac....
...Real havoc struck on September 16 when the $62bn Lehman-debt laden Reserve Primary Fund became the second ever fund, and by far the largest, to “break the buck,” skidding to 97 cents per share....
...Mining stocks managed to buck the trend, however, thanks to a push from Citigroup....
...However the interim reporting season has thrown up a number of houses that have managed to buck this trend and increase assets under management despite the powerful headwinds....
...“Breaking the buck” was a taboo for money market funds, which many retail investors assumed could not happen. These two pieces of news were enough to send the market into a tailspin on Wednesday....
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