Former Federal Reserve chairman Alan Greenspan offered a bit of optimism about the housing market in an interview this week with David Wessel of the Wall Street Journal. Greenspan said that he expects housing prices to begin to stabilize in the first half of 2009 although they could continue to drift...
Freddie Mac and Fannie Mae may have recently come to appreciate the old saw "be careful what you wish for." A year or so ago Federal Reserve Chairman Alan Greenspan was giving the two government sponsored enterprises ( GSEs ) a lot of grief about their loan portfolios, particularly in light of the trouble...
When we last looked at Fannie Mae it seemed mired in a swamp of its own making - in danger of being delisted from the New York Stock Exchange and with congress, Alan Greenspan, and its regulator, the Office of Federal Housing Enterprise Oversight (OFHEO) all threatening corrective, maybe even punitive...
The House of Representatives voted 331 to 90 on Wednesday to revamp the oversight of Freddie Mac, Fannie Mae, and the Federal Home Loan Bank. The legislation enables the creation of a new independent regulator with the authority to set capital standards, dismantle a company in financial trouble, and...
Fannie Mae declared a second quarter dividend on its common stock Tuesday, holding to the $0.26 per share that it declared for the first quarter back in December 2004. This number is only notable because the first quarter dividend was exactly half what stockholders had come to expect in previous quarters...
Mortgage giant Fannie Mae has filed Form 12b-25 with the Securities and Exchange Commission (SEC) to announce that it will be late - apparently very late - with its annual report to the regulator (Form 10-K) for the year ended December 31, 2004. The annual report was due March 15 with an automatic 15...