Some of the financial world may be hoping that Freddie Mac and Fannie Mae are at least part of the solution to the sub prime mess, but the two government sponsored enterprises (GSEs) seem to have a propensity for getting into plenty of trouble on their own. Late last week Fannie Mae was hit with a big...
Several Executive Branch surrogates indicated late last week that the Administration was sort of willing to compromise about the role of Freddie Mac and Fannie Mae in solving the current credit crunch. But the announcements made and the methods proposed seem to this reporter to be little, late, and misdirected...
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...
It might be getting a little boring to hear that Fannie Mae has once again failed to file its quarterly financial report to the Securities and Exchange Commission. This is the third straight quarter in which Fannie has filed a 12b-25 statement with the commission. Fannie has failed to file quarterly...
Federal Reserve Chairman Alan Greenspan has spoken out again in favor of limits on the multi-million dollar portfolio holdings of the two biggest players in the mortgage game, Freddie Mac and Fannie Mae . In remarks prepared for delivery via satellite to a housing conference in Atlanta, the Chairman...