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...
Yuki Noguchi
After its latest payment, Fannie Mae will have sent the Treasury a total of $95 billion, compared with the $117.1 billion of capital infusions that the company has received. Freddie Mac, which yesterday reported a $4.6 billion profit, will have paid $36 billion, after drawing $72 billion o...
Frank’s comments widened the spread on Fannie Mae’s two-year debt and prompted a reaction from the U.S. Treasury Department, which reiterated its financial support for the companies. “There should be no uncertainty about Treasury’s commitment to support Fannie Mae and Freddie Mac as they ...
Sun, “Success on Sun: Software Development Case Study Federal National Mortgage Association (Fannie Mae),” Mar. 1995, 10 pgs, Sun, USA. Raines Franklin D., “Speech by Franklin D. Raines Chairman and CEO of Fannie Mae, Fannie Mae and the Mortgage Industry in the E-Commerce Age,” ...
Fannie Mae/Freddie Mac Home Mortgage Documents Interpreted as Nonrecourse Debt (with Poetic Comments Lifted from Carl Sandburg)Home mortgagesFNMA mortgage documentsDeficiencies after foreclosureNonrecourse interpretationMortgage insurersSubprime loan deficiencies...
Fannie Mae to Offer Mezz Debt. (cover story)Reports on several product innovations introduced by the Federal National Mortgage Association that will deliver even lower pricing and more loan dollars to multi-housing borrowers in the U.S. Delegated Underwriting and Servicing Plus (DUS) product line;...
Subordinated Debt Issuance by Fannie Mae and Freddie Mac,” OFHEO Working Paper 07-3 - Smith - 2007 () Citation Context ...tter of debate. Important obstacles may exist to effective market discipline of large financial institutions, and studies on sub debt as a source of market discipline ...
Staff Editors
The article focuses on Federal National Mortgage Association (Fannie Mae) which has been forced to halt purchases of tax-exempt bonds from state and local housing finance agencies. The 2% de minims rule is a "safe harbor" provision under which corporations do not have to prove to the U.S....