Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.
Fannie Mae – Freddie Mac – Business – Thailand – Provinces
Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday.
A year after Fannie Mae and Freddie Mac teetered, industry executives and policy makers are worrying that the Federal Housing Administration could be the next housing domino.
A year after Fannie Mae and Freddie Mac teetered, industry executives and policy makers are worrying that the Federal Housing Administration could be the next housing domino.
“Fannie and Freddie are on soaring. For five days in a row Fannie Mae and Freddie Mac mortgage securities have rose. Interesting the rise in mortgage bonds is not due to an increase in the mortgage refinancing and modifying but in a reduction in refinancing, well below the forecasted levels.”
