Fannie Mae News

Obama: Pass stimulus or recession lasts a yearsa TM President-elect Barack Obama warned Thursday that the nation's recession could "linger for years" unless Congress acts to pump huge sums from Washington into ...

The federal budget deficit will hit an unprecedented $1.2 trillion for the 2009 budget year, according to grim new Congressional Budget Office figures.

Bethany McLean , from her new perch at Vanity Fair , has delivered a 10,762-word magnum opus on Fannie Mae and Freddie Mac , which spends most of its time giving a detailed history of what Hank Paulson called ...

The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.

Interest rates on U.S. 30-year fixed-rate mortgages dropped for a ninth consecutive week, reaching their lowest level in 37 years, according to a survey released on Wednesday by home funding company Freddie Mac ...

The politicians in Washington have been working overtime to persuade you that the free market system is responsible for this recession--and for good reason.

Zacks Equity Research highlights Celgene Corporation as the Bull of the Day and Marriott International as the Bear of the Day.

Last Updated: December 31st, 2008: 4:10 PM ET---The major US equity indices closed with considerable gains, near session highs, as investors enthused by a better than expected reading on jobless claims, looked ...

With the Federal Reserve on the verge of pouring hundreds of billions of dollars into the devastated U.S. housing market, mortgage rates have plunged to the lowest level since McLean, Va.-based Freddie Mac ...

Dell Inc. is shaking up top management and may soon announce that Michael Cannon, president of global operations, and Mark Jarvis, Dell's chief marketing officer, will leave their roles, The Wall Street Journal ...

WASHINGTON : The Federal Reserve said Tuesday that it will begin purchasing up to $500 billion in mortgage-backed securities early next month in an effort to bolster the long-suffering housing market.

Many believe the government-backed mortgage giants known as Fannie Mae and Freddie Mac were major culprits in the economic meltdown.

The Obama administration still has three weeks before taking over in Washington, but the new Congress arrives in town much earlier - January 6th.

For Ridgway native Ralph E. Olson, a career in law has meant much more than being an attorney.

Mortgage applications spiked last week to their highest level in more than five years, as borrowers took advantage of rates that fell to near-record lows after the government pledged to funnel money into the ...

Investors who have forsaken shaky financial markets for the safety of gold must feel a little bit like prospectors.

The economy's meltdown began with the subprime-mortgage folly, when pols pushed the real-estate industry bankers to grant mortgages to buyers who couldn't afford them.

The premise of the question, "Why are mortgage rates so high?" is the belief that the spread between mortgage rates and treasuries is too wide based on the historical norm.

The mortgage-industry effort to stem foreclosures aims to double the number of borrowers getting help next year, as Democrats call for using taxpayer money to address the crisis.

Starting immediately, Fannie Mae - the mortgage giant with an estimated 18 million home loans in its portfolio or in mortgage bond pools it guarantees - will allow borrowers who face imminent financial ...