Zibb.com: Fannie Mae (Industry News & Blogs)

Fannie Mae Names Former Credit Suisse Executive to Board of Direc...

Mon, 23 Nov 2009 21:00:00 GMT

WASHINGTON, Nov. 23 /PRNewswire-FirstCall/ -- Fannie Mae ( FMN) today announced that Jonathan Plutzik has been elected to the Board of Directors, where he will serve on the Compensation and Risk Policy & Capital committees. Mr.

Fannie Mae Names Former Credit Suisse Executive to Board of Direc...

Mon, 23 Nov 2009 16:00:00 GMT

Fannie Mae (NYSE: FMN) today announced that Jonathan Plutzik has been elected to the Board of Directors, where he will serve on the Compensation and Risk Policy & Capital committees. Mr. Plutzik worked at Credit Suisse Group for 24 years, where he served in the government and public finance

Freddie Mac, FHLB, Fannie Mae 2009 note calendar

Mon, 23 Nov 2009 15:08:52 GMT

Nov 23 (Reuters) - The following are scheduled sales announcement dates for potential Freddie Mac reference, Fannie Mae benchmark notes and Federal Home Loan Bank

Fannie Mae prices 2-year notes at 0.92% yield

Wed, 18 Nov 2009 17:52:08 GMT

SAN FRANCISCO (MarketWatch) -- Fannie Mae said Wednesday it priced a $1 billion reopening of its two-year Benchmark Notes at 100.159 with a yield of 0.92% and a coupon of 1.000%. The settlement date for the issue is Friday.

Quality Control Guidelines Summarized for Fannie Mae, Freddie Mac...

Mon, 16 Nov 2009 16:58:32 GMT

Quality Control Guidelines Summarized for Fannie Mae, Freddie Mac, and FHA. To help lenders understand agency requirements, Mortgage Compliance Advisors creates summary of Fannie Mae, Freddie Mac, and FHA quality control guidelines.

Fannie Mae Announces Deed for Lease Program

Mon, 16 Nov 2009 14:46:00 GMT

Under the program, qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender.

A lifeline after foreclosure

Sat, 14 Nov 2009 05:00:00 GMT

There is new vocabulary in mortgage lending: D4L. In order to be eligible for a D4L,or Deed for Lease,you must go through a DIL,short for a deed in lieu of foreclosure. These terms become relevant when your house is underwater -- the market value is less than what you owe.

Housing Policy That Makes a Tiny Bit of Sense (at Motley Fool)

Fri, 13 Nov 2009 21:28:29 GMT

For the past year or two, we've been chest-deep in all sorts of policies to stem foreclosures. We've performed financial gymnastics on mortgages. We've paid people to buy homes. We've paid banks to refinance mortgages. You know the story.

Subprime Meltdown: Saw It Coming

Thu, 12 Nov 2009 05:01:00 GMT

An alert reader recently sent us a copy of a news story that reported: “In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.“

Fannie Mae's 'Deed for Lease': Solution to Foreclosures?

Thu, 12 Nov 2009 04:55:00 GMT

"It's a big step forward," says Dean Baker, co-director of the Center for Economic and Policy Research, and a long-time proponent of rent-back programs.

Legitimized leasebacks picking up momentum

Wed, 11 Nov 2009 08:00:00 GMT

Once it seemed like a radical idea: Let delinquent borrowers stay in their homes as renters after foreclosure. Last week it gained legitimacy when housing giant Fannie Mae said it would do just that, offering one-year leases at market rates to people who sign...

Fannie may write down $5.2 billion in tax credits

Tue, 10 Nov 2009 02:05:00 GMT

Fannie Mae is reviewing whether it will have to write down $5.2 billion in low-income housing tax credits after the U.S. Treasury rejected its request to sell the investments, the mortgage-finance company said Monday.

Fannie Mae tax credit decision could cost $5.2 bln

Tue, 10 Nov 2009 00:57:15 GMT

The Treasury Department last week blocked the mortgage giant from selling about $2.6 billion in low-income housing tax credits to investors that included Goldman Sachs Group Inc.

Fannie Mae may seek more aid; tax credit decision could cost $5.2...

Mon, 09 Nov 2009 23:55:44 GMT

Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.

Fannie Mae tax credit decision could cost $5.2 bln (AP)

Mon, 09 Nov 2009 22:52:05 GMT

WASHINGTON (AP) -- Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in

Fannie May Write Down $5.2 Billion in Tax Credits - Bloomberg

Mon, 09 Nov 2009 21:37:15 GMT

[bn:WBTKR=FNM:US] Fannie Mae [] is reviewing whether it will have to write down $5.2 billion in low-income housing tax credits after the U.S. Treasury rejected its request to sell the investments, the mortgage-finance company said today.

Fannie Mae tax credit decision could cost $5.2 bln - The Associat...

Mon, 09 Nov 2009 21:03:04 GMT

WASHINGTON — Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. The Treasury Department last week blocked the mortgage giant from selling about $2.

Treasury denies Fannie Mae tax credit plan (AP)

Mon, 09 Nov 2009 19:35:23 GMT

Government controlled mortgage provider Fannie Mae said Monday the U.S. Treasury has blocked its plans to sell more than $2.5 billion in low-income housing tax credits.

UPDATE 1-Fannie Mae evaluating whether to sell tax credits - Reut...

Mon, 09 Nov 2009 15:01:20 GMT

NEW YORK, Nov 9 (Reuters) - Fannie Mae is evaluating whether it can proceed with a sale of tax credits after the Treasury said Friday it would block the sale of those investments to Goldman

Fannie Mae Redemption - CNNMoney.com (press release)

Mon, 09 Nov 2009 14:06:18 GMT

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment.

Administration Rejects Plan to Buy Fannie Mae Credits

Sat, 07 Nov 2009 15:07:00 GMT

The Obama administration on Friday rejected a proposal by Goldman Sachs to buy as much as $1 billion in tax credits from Fannie Mae, saying the deal would have amounted to a net loss for taxpayers, the New York Times reports.

Fannie Mae to allow borrowers in foreclosure to lease back homes ...

Sat, 07 Nov 2009 04:56:23 GMT

Mortgage giant Fannie Mae said Thursday that it would throw a lifeline to some people losing their homes to foreclosure by allowing them to lease those properties back for up to a year at market rental rates.

Fannie Mae to rent out homes instead of foreclosing

Fri, 06 Nov 2009 22:01:03 GMT

Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced this past Thursday.

Fannie Mae Offers Lease Along with Deed-In-Lieu

Fri, 06 Nov 2009 20:22:12 GMT

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Accounting for Losses at BofA and Fannie

Fri, 06 Nov 2009 18:35:45 GMT

The Baseline Scenario submits: By James KwakVia Yves Smith,