Fannie Mae is one of the Ponzi schemes created during the FDR New Deal, 1938. Nearly all of those in the FDR “brain trust” were not smart enough to understand that the success that they reasoned would come from such agencies was actually based on the pyramid. Since the Great, Depression...
had hitherto occurred in the housing market in the United States and perhaps the largest bubble of any asset in history.2 This new found housing wealth sustained not only large-scale new lending but also a huge re-mortgaging market as households used the equity in their houses to borrow ...
Fannie Mae, “Fannie Mae Unveils MORNETPlus on the Web; Lenders Can Now Access Automated Underwriting and Other Mortgage Transaction Services on Fanniemae.com,” Press Release, Mar. 23, 2000, 2 pgs., Fannie Mae, USA. Fannie Mae, “Fannie Mae Announces MORNETPlus Connections; Now Provides ...
Fannie Flagg. Actress: Fried Green Tomatoes. Fannie Flagg was born on 21 September 1944 in Birmingham, Alabama, USA. She is an actress and writer, known for Fried Green Tomatoes (1991), Grease (1978) and Five Easy Pieces (1970).
Fannie Maeissued a Request for Proposal (RFP)to evaluate qualified interested industry participants for potential inclusion in its Title Acceptance pilot and other suppliers that have viable solutions to reduce borrowers’ closing costs. Vendors can respond to the RFP in ProcureOne. The RFP market in...
By Colin Barr For top executives, 'tis the season to get paid in company stock - unless you happen to work at Fannie Mae or Freddie Mac. The taxpayer-backed mortgage giants disclosed Thursday that they could pay out as much as $40 million to their top 10 executives for work in 2009. ...
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there was not a single question about the government taking on all the liabilities of failed mortgage giants Fannie Mae and Freddie Mac. The $400 billion in spending caps were lifted for the next 3 years, and that totals more than $6.2 trillion in liability on mortgage backed securities. (...
FANNIE/FREDDIE NEAR SETTLEMENT- NYT’s Ben Protess and Azam Ahmed on pg. B1: “Regulators are nearing a settlement with Fannie Mae and Freddie Mac over whether the mortgage finance giants adequately disclosed thei...
High Pay at Fannie Mae For the Well-Connected; Many Former Officials Landed Jobs ThereAlbert B. Crenshaw