High Pay at Fannie Mae For the Well-Connected; Many Former Officials Landed Jobs ThereAlbert B. Crenshaw
Because of two other nice perks of both Freddie Mac’s Home Possible and Fannie Mae’s HomeReady loan programs. First, they don’t require lifelong mortgage insurance, unlike FHA’s new lending rules. Once the loan balance drops below 80% of the property value, borrowers can ask their lend...
This has created a so-called "lock-in" effect that will impact the housing market in two ways, according to Fannie Mae. First, the supply of existing homes for sale will continue to slow. Second, the limited supply of existing housing will push homebuyers will increasingly have to turn to...
That's a nice chunk of change for running two companies that together lost $72 billion in the first nine months of 2009 and have received $112 billion in Treasury aid. But what's remarkable is that every penny Fannie and Freddie will pay out will be in cash - at a time when the Whi...
Fannie Mae and Freddie Mac declined to offer further details on CEO performance goals. Public anger over Wall Street pay boiled over earlier this year. In response, the Obama administration imposed pay curbs on banks that received government bailouts. All the major banks have since repaid their ...
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. (...
Prices on 30-Year Bond Rise Ahead of Jobs Data; Fannie Mae Prepares a Seven-Year Note Issue.Reports the increase in prices for 30-year Treasury bonds in the United States. Benchmark notes the Federal National Mortgage Association plans to sell; Reason for the weak price of Treasury bonds; ...