World News Insights
1-3 Minute Gist

All Topics Article

Mortgage Giants Take Hit On Fears Over Capital

Wall Street Journal Original article ›

Keywords:

LyrArc Article Gist
Compared to the beginning of 2008 Fannie Mae's shares have fallen 61% and Freddie Mac's shares have fallen 65%. Congress has failed to overhaul regulatory supervision of the 2 companies that are now supposed to with the Federal Housing Administration support the mortgage markets. They are government chartered companies that provide the bulk of the finding for USA home mortgages. They own or guarantee about $5.2 trillion of home mortgages, or roughly half of all loans outstanding. The two have suffered combined losses of $11 billion in the 9 months ending march 31, 2008. There is no effective regulation of the 2 companies. The House has passed legislation creating a new regulator for the 2 companies and the Senate will vote probably this week on similiar legislation. The new regulator would have powers to increase the capital requirements of the 2 companies.

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


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us