More Fannie Mae and Freddie Mac Articles

  • Mortgage rules leave lenders scared to lend

    Federal rules are scaring home lenders from making loans to anyone without excellent credit, a dynamic that top economic policymakers say is holding back the nation's economic recovery.

  • The Obama bank shakedown

    The Bank of America settlement "highlights a pattern of the government extorting the banks," said a former Wells Fargo CEO, and he's absolutely right.

  • Sales of new houses disappoint in July, dimming hopes for an economic boost

    Sales of new homes fell short of expectations in July, as the U.S. housing market fails to recover quickly enough to contribute to a stronger economic recovery. The Census Bureau reported Monday morning that 412,000 new single-family homes were sold in July, well below the roughly 430,000 that...

  • Fannie, Freddie post profits in 2Q; pay dividends

    WASHINGTON (AP) — Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued during the financial...

  • Fannie Mae earns $3.7B in 2Q; paying $3.7B to US

    WASHINGTON (AP) — Fannie Mae is reporting net income of $3.7 billion from April through June as the housing market continued to recover. Though the government-controlled mortgage giant reported its 10th straight profitable quarter Thursday, the second-quarter profit was down 63 percent from...

  • Fannie Mae worker sentenced for taking kickbacks

    IRVINE, Calif. (AP) — An Orange County employee of Fannie Mae has been sentenced to 15 months in federal prison for taking kickbacks from a real estate broker who sold properties on behalf of the mortgage giant. The U.S. Attorney's office says 45-year-old Armando Granillo was also ordered...

  • Dodd-Frank at war with itself

    The difficulty of Dodd-Frank implementation is not primarily the regulators' fault; the problem comes from Dodd-Frank's determination to rely on government regulation as a cure for government policy distortions. Instead, let's work on getting rid of the distortions that encourage people to behave...



From the Weekly Standard