Stocks and Finance

Fannie Mae

Fannie Mae 5/25/2012

02:51 : Fannie Mae (FNMA.OB) has narrowed its search for a chief executive down ... - Fannie Mae (FNMA.OB) has narrowed its search for a chief executive down to two candidates, sources say, with Fannie's general counsel Timothy Mayopoulos in the lead. To get Mayopoulos, Fannie Mae may have to renege on ...
Source : seekingalpha-com

Fannie Mae 5/9/2012

21:10 : Fannie Mae Profit Signals a Stabilizing Housing Market - The government-backed mortgage financier said it made a profit in the first quarter and that it does not need additional bailout money #x2014; a first since the federal government took it over in 2008.
Source : nytimes-com
15:43 : News Summary: Fannie Mae earned $2.7B in Q1 - FANNIE TURNS PROFIT: U.S. mortgage giant Fannie Mae reported a net income gain of $2.7 billion in the January-March quarter, it's first since it was taken over by the government during the 2008 financial crisis....
Source : usnews-com
13:19 : Fannie Mae reports profit, doesn’t need more funds - Mortgage finance giant Fannie Mae on Wednesday reported its first quarterly profit since being seized by the government and said it doesn’t need more taxpayer funds.
Source : marketwatch-com
12:35 : Fannie Mae: Profit Rebound Winner - NEW YORK (TheStreet) -- Fannie Mae was the winner among the largest U.S. financial names on Wednesday with shares rising 13% in afternoon trading, to 29.7 cents. #xD; #xD; The mortgage giant reported first-quarter net income of $2.7 ...
Source : thestreet-com
11:35 : Fannie Mae Reports $2.7 Billion Profit In 1Q, Won't Require More Bailout ... - Fannie Mae (OTC: FNMA), the government-controlled mortgage giant that was brought to its knees during the housing crisis, said Wednesday it had net income of $2.7 billion in the first quarter as home prices declined at a slower rate ...
Source : ibtimes-com
11:18 : Fannie Mae earned $2.7B in Q1, doesn't seek aid - Washington — U.S. mortgage giant Fannie Mae says it made money in the first three months of the year and is not seeking additional federal aid. It's the first time the company has reported a net income gain since it was taken over ...
Source : detnews-com
10:14 : Fannie Mae Posts Biggest Profit Since 2008 - Fannie Mae reported a $2.7 billion first-quarter profit and will pay $2.8 billion to the U.S. government, marking the company's strongest quarter since it was rescued 3½ years ago.
Source : wsj-com
09:39 : Fannie Mae says it doesn't need taxpayer aid - Something happened in the first quarter at government-run mortgage giant Fannie Mae that hasn't happened since 2008: it didn't ask for a taxpayer handout.
Source : msnbc-msn-com
09:02 : Fannie Mae Makes Profit, Skips Taxpayer Funds - #xD; Fannie Mae reports first-quarter net income of $2.7 billion.#xD; Comprehensive income of $3.1 billion covered a $2.8 billion dividend to the U.S. Treasury.#xD; No new government borrowings, which total $117.1 billion.#xD; #xD; #xD; ...
Source : thestreet-com
08:38 : Bailout Milestone? Fannie Mae Says It Doesn't Need More Treasury Cash ... - Government-backed mortgage finance firm Fannie Mae managed to turn a profit in the first quarter, one that was large enough to cover the dividends it must pay to the government in return for being kept afloat with taxpayer dollars.
Source : forbes-com
08:00 : Fannie Mae loss lessens, provisions fall - NEW YORK (MarketWatch) -- Fannie Mae said on Wednesday that it earned $2.71 billion in the first quarter, versus a year-ago loss of $6.47 billion. On a per share basis after accounting for preferred dividends, the company posted a loss ...
Source : marketwatch-com

Fannie Mae 4/11/2012

05:22 : Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) could save $1.7B by forgivi - Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) could save $1.7B by forgiving principal on some problem loans, FHFA Acting Director Edward DeMarco said yesterday. However, the net cost to the taxpayer would be $2.1B, ...
Source : seekingalpha-com

Fannie Mae 4/4/2012

12:59 : DeMarco defends not cutting Fannie Mae principal - Under pressure from Democratic lawmakers, the chief of a key housing regulator on Wednesday defended his policy of not cutting the amount underwater borrowers owe for mortgages owned by government-seized housing giants Fannie Mae and ...
Source : marketwatch-com

Fannie Mae 3/7/2012

13:31 : Fannie Mae changing force-placed insurance rules - The controversial practice of banks forcing expensive homeowners insurance on borrowers could come to an end after Fannie Mae told lenders it would seek to oversee such policies itself.
Source : ibtimes-com
13:30 : Fannie Mae changing 'forced-place insurance' rules - The practice of banks forcing expensive homeowners insurance on borrowers could come to an end after Fannie Mae told lenders it would seek to oversee such policies itself.
Source : ibtimes-com

Fannie Mae 3/1/2012

09:51 : The Bank Bailout's Ugly Stepsister: Fannie Mae Still Losing Billions - The financial sector has had a tough slog in recent years, but the billions of dollars in losses that played out during and after the 2008 crisis have largely passed. That is, of course, except for Fannie Mae and Freddie Mac|Freddie ...
Source : forbes-com

Fannie Mae 2/29/2012

18:29 : Fannie Mae Challenges Bank of America on Rift - Fannie Mae challenged Bank of America Corp.'s assertion that the two decided by mutual consent in January not to renew their loan-purchase agreement in the middle of a battle over who should pick up the multibillion-dollar ...
Source : wsj-com
14:33 : Fannie Mae seeks US$4.6b in aid - FANNIE Mae, the biggest backer of US home loans, reported a US$2.4 billion net loss for the fourth quarter and sought nearly US$4.6 billion from the US Treasury Department to balance its books. Washington-based...
12:40 : Fannie Mae seeks $4.6 billion in aid after fourth-quarter loss - Fannie Mae , the biggest source of money for U.S. home loans, on Wednesday said it would seek $4.6 billion in additional federal aid after reporting a fourth-quarter loss.
Source : ibtimes-com

Fannie Mae 2/24/2012

20:24 : BofA Stops Selling Mortgages to Fannie Mae; Rivals not Following - Bank of America Corp appears to be going it alone in not selling mortgage loans to Fannie Mae, a move that, while sending an angry signal to the nation's largest mortgage-buyer, could force the bank to charge less ...
Source : ibtimes-com
00:50 : Bank of America Halts Selling New Mortgages to Fannie Mae - The Bank of America Thursday said that it would no longer provide new mortgages to Fannie Mae following the escalation of disagreement over who should be bearing the cost for defective mortgages.
Source : ibtimes-com

Fannie Mae 2/23/2012

21:59 : Bank of America Breaks With Fannie Mae - The bank#x2019;s move represents a major escalation in a protracted legal battle over how many defaulted mortgages Bank of America will have to buy back from Fannie.
Source : nytimes-com
17:51 : B. of A. stops some mortgages to Fannie Mae - SAN FRANCISCO (MarketWatch) -- Bank of America Corp. will stop selling certain mortgages to Fannie Mae for use in mortgage-backed securities because of disputes with the government-sponsored agency, according to ...
Source : marketwatch-com

Fannie Mae 2/22/2012

11:07 : FHFA releases plan for Fannie Mae, Freddie Mac exit - The Federal Housing Finance Agency released a plan Tuesday for beginning to wind down mortgage giants Fannie Mae and Freddie Mac and prepare for the future of the nation's housing market, The Washington Post|Washington ...
Source : bizjournals-com

Fannie Mae 2/7/2012

20:36 : Fannie Mae expands online sales of foreclosed homes - Fannie Mae, which began a pilot program in Orlando, San Diego and Detroit in 2010 to take offers for Fannie Mae-owned houses online, is expanding the online program nationwide. Through its HomePath program, real estate agents can now ...
Source : bizjournals-com
11:48 : Fannie Mae expands online sales - Fannie Mae, which began a pilot program in Orlando, San Diego and Detroit in 2010 to take offers for Fannie Mae-owned houses online, is expanding the online program nationwide. Through its HomePath program, real estate agents can now ...
Source : bizjournals-com

Fannie Mae 1/11/2012

13:58 : Can anyone save Fannie Mae and Freddie Mac? - It has been more than three years since then Treasury Secretary Henry Paulson fired his famous metaphorical bazooka and the federal government seized control of mortgage agencies Fannie Mae and Freddie Mac.
Source : cnnmoney-com
07:48 : Fannie Mae (FNMA.OB) yesterday confirmed earlier speculation that CEO ... - Fannie Mae (FNMA.OB) yesterday confirmed earlier speculation that CEO Mike Williams will step down, saying he will leave once a successor has been found. (PR) Post your comment!
Source : seekingalpha-com

Fannie Mae 1/10/2012

23:01 : News Break: Fannie Mae CEO Steps Down - Bain Capital co-founder Mitt Romney's track record may be the biggest story on the campaign trail, but there is more news in the private equity world with one of his old firm's competitors offering fresh details on its bid to go public Tuesday.
Source : 247wallst-com
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