May 3rd 2012 3:30PM
By Marcy Gordon WASHINGTON -- Government-controlled mortgage giant Freddie Mac is requesting $19 million in additional federal aid after posting a loss for the first quarter of this year. The requested amount is less than the $146 million that Freddie received from the government for the fourth quarter of 2011. The... Continue Reading »
Apr 6th 2012 12:45PM
A majority of Americans want government-sponsored mortgage giants Fannie Mae and Freddie Mac to relinquish their role as the twin guarantors of a majority of U.S. mortgages, according to a new poll. The online poll, conducted by real estate news website, HousingPredictor, found that 72 percent of respondents said that... Continue Reading »
Mar 26th 2012 10:45AM
By Jon Prior Freddie Mac CEO Charles "Ed" Haldeman gave a strong signal Friday that new incentives from the Treasury Department may be enough to start principal reduction on mortgages backed by the government-sponsored enterprises. In January, the Treasury said it would triple incentive payments to mortgage investors who... Continue Reading »
Mar 1st 2012 11:38AM
Fannie Mae waded further into the foreclosure pool on Monday as it released new details on its plan to sell its repossessed homes as rental properties. The pilot program, first announced in August as an effort to clear the mortgage giant's backlog of foreclosures, is launching with an initial offering of 2,490 residential... Continue Reading »
Feb 29th 2012 12:15PM
WASHINGTON -- Mortgage giant Fannie Mae said Wednesday that it lost money in its fourth quarter and is asking the federal government for $4.57 billion in aid to cover its deficit. Washington-based Fannie said it lost $2.41 billion in the October-December quarter, stung by declining home prices. Revenue was $4.53... Continue Reading »
