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Fannie Mae and Freddie Mac: Self harm
Keywords:
Edward DeMarco, head of the U.S. Federal Housing Finance Agency and underwater mortgage borrowers in the U.S.
08/31/2011
The Federal Housing Finance Agency was formed in 2008 by merging two existing regulatory agencies and given additional powers. Later that year Fannie and Freddie were taken over by the U.S. government. FHFA acts as the independent regulatory agency for Fannie Mae and Freddie Mac. FHFA's head, Edward DeMarco, sees his mandate as protecting the taxpayer from losses and this leads to reluctance to support steps to help underwater mortgage borrrowers with reduction in payments. Sheila Bair, former head of the FDIC, says she understands its not the FHA's mandate to provide fiscal stimulus, and the Obama administration has been all over the place in its policies for troubled homeowners. The result of the muddled policies of the federal government and agencies is the lack of help for troubled homeowners, and larger headwinds to Fed policies to give the U.S. economy momentum.
Grouped Articles
Big Job: Agency Oversees Half of Nation's Mortgages
Wall Street Journal 05/02/2013
Fannie, Freddie: Can't Live With 'Em, Can't Live Without 'Em
Wall Street Journal 05/04/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Federal Housing Administration in the Black for First Time Since 2011
Wall Street Journal 11/18/2014
An Accidental Housing Chief Embraces the Power of 'No'
Wall Street Journal 08/31/2011
Big Banks Face Suits on Mortgage Bond Losses
Wall Street Journal 09/03/2011
Fannie Mae and Freddie Mac and the housing crisis
07/08/2008
Share prices of both companies drop precipitiously and could leave shareholders with pennies.
Grouped Articles
Fannie Mae to pay $59.4B to Treasury - The Washington Post
Washington Post 05/09/2013
Fannie Chief: Payout Must Not Delay Revamp
Wall Street Journal 05/10/2013
The Housing Market Is Still Missing a Backbone
New York Times 08/10/2013
Fannie, Freddie Payments Nearly Match Aid
Wall Street Journal 11/08/2013
Fannie Mae and Freddie Mac: Unfinished business
Economist 07/24/2010
How Do You Solve a Problem Like Fannie?
Wall Street Journal 12/24/2013
Homeowners facing foreclosure and lack of any meaningful help.
09/29/2008
Lack of any meaningful help to homeowners facing foreclosure upto the Lehman Fannie crisis, and the failure to provide any significant help to homeowners in the $700 billion Sept 2008 bailout plan targeted mostly at freeing up the credit markets.
Grouped Articles
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 10/02/2008
Rescue Includes Steps to Help Borrowers Keep Homes
Wall Street Journal 09/29/2008
Card Firms' Loss Tally: Billions of Dollars in Fees
Wall Street Journal 05/22/2009
Consumers Need a Credit Watchdog
BusinessWeek 07/15/2009
U.S. Housing Finance Agency (FHFA)
12/11/2010
The regulator for Fannie Mae and Freddie Mac in the US.
Grouped Articles
Fannie, Freddie: Can't Live With 'Em, Can't Live Without 'Em
Wall Street Journal 05/04/2013
F.H.F.A. Nominee Smith Must Fight Bank Influence
New York Times 12/11/2010
Government Stays Glued to Mortgage Market
Wall Street Journal 06/20/2011
An Accidental Housing Chief Embraces the Power of 'No'
Wall Street Journal 08/31/2011
Fannie Mae and Freddie Mac: Self harm
Economist 09/03/2011
Regulator Resists Mortgage Reductions
Wall Street Journal 08/01/2012
Fannie and Freddie in 2010-2011
06/19/2010
The growing US governmet liability for Fannie and Freddie -companies that fueled the housing bubble with their implicit governmet guarantees to investors in housing mortgages. The cost of rescue has reached $146 billion and according to the Congressional Budget Office could have eventual cost of $389 billion.
Grouped Articles
Fannie Mae and Freddie Mac: Unfinished business
Economist 07/24/2010
Cost of Fannie And Freddie Keeps Rising
New York Times 06/19/2010
Fannie, Freddie Elicit Grim Forecast
Wall Street Journal 10/22/2010
What Fannie and Freddie Might Cost the Taxpayers
New York Times 10/21/2010
Wall Street Journal 10/26/2010
New York Times 10/31/2010
Fannie and Freddie in debt situation requiring government help similar to the banks.
04/03/2009
About $400 billion was committed earlier of which $112 billion has been given to Fannie and Freddie. Now officials say in December 2009 that $400 billion may be needed for each company.
Grouped Articles
Fannie Mae to pay $59.4B to Treasury - The Washington Post
Washington Post 05/09/2013
Fannie, Freddie Payments Nearly Match Aid
Wall Street Journal 11/08/2013
Fannie Mae and Freddie Mac: Unfinished business
Economist 07/24/2010
How Do You Solve a Problem Like Fannie?
Wall Street Journal 12/24/2013
Putting the Hit on Fannie, Freddie
Wall Street Journal 03/12/2014
Dream Mortgage Bailout Has a Darker Side
Wall Street Journal 04/03/2009
Takeover of Fannie and Freddie by the government
09/08/2008
The weeks before the takeover and the work of Secretary Paulson and Ben Bernanke.
Grouped Articles
Fannie, Freddie Payments Nearly Match Aid
Wall Street Journal 11/08/2013
White House Rejects Fannie-Freddie Recapitalization Plans
Wall Street Journal 11/23/2013
Plan for Mortgage Giants Takes Shape
Wall Street Journal 03/12/2014
Putting the Hit on Fannie, Freddie
Wall Street Journal 03/12/2014
Senators Draft Housing Finance Overhaul
New York Times 03/11/2014
Few Stand to Gain on This Bailout, and Many Lose
New York Times 09/08/2008
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