Hints and tips:
...patrick.jenkins@ft.com Letter in response to this article: Let’s first understand why renters are so resentful / From Charles Fairhurst, Fairhurst Associates, London W8, UK...
...Patrick Jenkins When Tidjane Thiam arrived at the helm of Credit Suisse in 2015 he was a hero....
...In the US, any concept of a free market for mortgages is distorted by the state-sponsored agencies, such as Fannie Mae and Freddie Mac, that take home loans off the balance sheets of the big banks and securitise...
...Best of the week Carillion’s downfall shows dumb money knows no borders — Patrick Jenkins The rise of the superstar company — Rana Foroohar In defence of plastics — Penny Sparke Global recovery brings...
...And they can rely on two government agencies, Freddie Mac and Fannie Mae, to reduce their exposure to residential 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....
...Leading US artist Carrie Mae Weems credits the late photographer with confounding conventions....
...“I am not a very patient person,” Antony Jenkins, chief executive of Barclays, declared last month, hinting that lacklustre results at its investment bank may provoke him to cut it back....
...Separately, Barclays on Thursday agreed to pay $280m to resolve a US lawsuit brought by the Financial Housing Finance Agency, the conservator of Fannie Mae and Freddie Mac....
...And it is still around today – along with brother organisation Freddie Mac, Fannie Mae remains a crucial government-backed part of the US mortgage market....
...Additional reporting by Patrick Jenkins in London...
...Alice Ross, Tobias Buck, Matt Steinglass and Patrick Jenkins...
...Patrick Jenkins is the Financial Times’ banking editor patrick.jenkins@ft.com www.ft.com/insidebusiness...
...Fannie Mae results ‘mark turning point’ for housing agency Fannie Mae underlined the recovery in the US housing market as the recipient of the biggest bailout in US history reported record net income of...
...Thanks to restrictions on how customer deposits can be deployed into US groups’ investment banking operations, and the removal of mortgages from bank balance sheets by federal agencies such as Fannie Mae...
...Patrick Jenkins is the FT’s banking editor patrick.jenkins@ft.com...
...Similarly, Mr Kelly said it was vital the government leaves the mortgage market – where it has historically played a central role in securitising lenders’ mortgage assets through Fannie Mae and Freddie Mac...
...in the eyes of foreign bankers – the proposed fee would partly go to pay for losses the US government will incur after bailing out companies such as the Detroit carmakers and mortgage financiers Fannie Mae...
...Since then, crossover artists have flourished, with stars such as the “can belto” ensembles Il Divo and Blake, and Welsh mezzos Charlotte Church and Katherine Jenkins dominating the gift market....
...“We are asking boards of financial institutions to sit down, think about plausible nightmare scenarios and then take measures to deal with them,” says Peter Niculescu, a former executive at Fannie Mae, the...
...To make matters worse, two US agencies Fannie Mae and Freddie Mac were also looking to raise $3bn each in the same 10-year maturity....
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