FHFA

FHFA Is Prepping For Massive Fannie Mae And Freddie Mac IPO

FHFA Is Preparing And Interviewing Wall Street Investment Banks To Handle What Will Be The Largest IPO In History The FHFA is preparing Fannie Mae and Freddie Mac for a record-setting IPO. The FHFA is interviewing Wall Street firms to handle a public offering of the shares of the nation’s two largest mortgage financiers that would […]

Struggling Homeowners Are Shouldering The Responsibility Of U.S. Deficit

No Fannie/Freddie Mortgage Write-Downs For Struggling Homeowners Means More Cash For Uncle Sam   Since the housing crisis began in 2007, the major banks and the major servicers have paid nearly $130 Billion in fines and court settlements to settle mortgage fraud issues with Fannie Mae and Freddie Mac. These settlements have brought Fannie Mae […]

Fannie Mae & Freddie Mac Are Cash Cows For U.S. Taxpayers

Perplexes Anti-Government GOPers Jim Puzzanghera, LA Times Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all the financial crisis bailouts — a combined $187.5 billion — because they were considered too big to fail. Now, despite bipartisan support to shut them down, Fannie and Freddie may prove […]

Hasta La Vista, Eddie Baby! Senate Confirms Watt As FHFA Director

U.S. Senate confirms Mel Watt as next FHFA director Kerri Ann Panchuk, Housing Wire It’s official: Congressman Mel Watt, D-N.C., will lead the Federal Housing Finance Agency after the U.S. Senate confirmed his nomination Tuesday afternoon. Senators confirmed Watt as Ed DeMarco’s replacement, with a majority of the chamber’s legislators voting in Watt’s favor. The congressman easily […]

Fannie/Freddie Only $2 Billion Away From Paying Off Taxpayers

Tim Mullaney, USA TODAY Federal taxpayers have nearly recouped their $188 billion investment in Fannie Mae and Freddie Mac, the mortgage finance giants taken over by the government in 2008. Third-quarter profit rose sharply at both companies, each reported Thursday, letting Freddie Mac finish reimbursing taxpayers for its bailout and bringing Fannie within about $2 […]

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