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07 Sep

Gov't Plans Takeover Of Fannie Mae, Freddie Mac

The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt, a person briefed on the matter said F...

0 Comments Bury CBS 5 -...p; World Popular 16 hours ago

US Govt to take over mortgage giants

US media reports say mortgage giants Freddie Mac and Fannie Mae are set to be put under government control in an attempt to rescue the firms. ...


US government to take over Fannie Mae, Freddie Mac

US government to take over Fannie Mae, Freddie Mac

Washington - The US government was preparing to take over the twin mortgage finance giants known as Fannie Mae and Freddie Mac, dismiss their top executives and prop up the companies with government funds, with an announcement likely as early as Sund... ...


[NYT]: Loan Giant Overstated the Size of Its Capital Base

The cost of the government's intervention could rise into tens of billions of dollars and will probably be among the most expensive rescues ever financed by taxpayers. ...

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Government plan for Fannie, Freddie to hit shareholders

WASHINGTON (Reuters) - The U.S. government plans to takeover Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday. ...


US lenders 'face state takeover'

US officials plan to put troubled mortgage giants Freddie Mac and Fannie Mae under strict federal control, reports say. ...

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