March 12, 2012 (Shirley Allen) Government Sponsored Enterprise (GSE) Freddie Mac reports that it posted net income of $619 million and other comprehensive income of $887 million in the fourth quarter of 2011, resulting in total comprehensive income of $1.5 billion. […]
March 1, 2012 (Shirley Allen) Government Sponsored Enterprise (GSE) Fannie Mae reports that it suffered a net loss of $2.4 billion in the fourth quarter of 2011, compared to a net loss of $5.1 billion in the third quarter of 2011, citing continued credit-related expenses from its pre-2009 book of business and declining home prices [...]
November 11, 2011 (Chris Moore) A new proposal introduced by Tennessee Senate Republican Bob Corker seeks to responsibly wind down the Government Sponsored Enterprises (GSEs) Freddie Mac and Fannie Mae, effectively ending the government’s involvement in housing finance. […]
November 10, 2011 (Chris Moore) Government Sponsored Enterprises (GSEs) Freddie Mac and Fannie Mae together have requested nearly $14 billion in aid to cover losses posted in the latest July to September quarter. […]
August 15, 2011 (Shirley Allen) Government Sponsored Enterprise (GSE) Freddie Mac reports that it posted a net loss of $2.1 billion in the second quarter of 2011, compared to a net profit of $676 million in the first quarter of 2011. The second quarter results were still significantly less than the same quarter in 2010 [...]
August 5, 2011 (Shirley Allen) Government Sponsored Enterprise (GSE) Fannie Mae reports that it suffered a net loss of $2.9 billion in the second quarter of 2011, compared to a net loss of $6.5 billion in the first quarter of 2011, citing continued weakness in the housing and mortgage markets and the cost of loan [...]
July 19, 2011 (Chris Moore) Freddie Mac continues to maintain a serious delinquency rate of less than half that of the mortgage lending industry, but could still lose its top credit rating if lawmakers fail to raise the debt ceiling to avoid default. […]
June 28, 2011 (Chris Moore) A new study by the National Association of Home Builders (NAHB) finds that the drop in some mortgage loan limits scheduled to take effect on October 1, 2011, will reduce housing demand and place downward pressure on housing prices. […]
May 19, 2011 (Chris Moore) A new round of seven reform bills have been unveiled by House Financial Services Committee Republicans meant to continue the reform of Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac. This is on top of the eight bills passed by the Republican controlled House of Representatives that have not [...]
