fannie mae

US house prices flat


March 23rd, 2012 - 2:13 pm ICT by IANS
Washington, March 23 (IANS) US house prices were unchanged in January from the previous month on a seasonally adjusted basis, the US Federal Housing Finance Agency (FHFA) reported Thursday.House prices ... Read more...

Posted in Business |

US official warns against perils of ‘financial crisis amnesia’


March 3rd, 2012 - 1:40 pm ICT by IANS
Washington, March 3 (IANS) US Treasury Secretary Timothy Geithner has cautioned against the perils of "financial crisis amnesia" in the wake of complaints from those attempting to weaken or repeal ... Read more...

Posted in Business |

Obama’s plan to help 3.5 mn homeowners (Lead)


February 2nd, 2012 - 3:34 pm ICT by IANS
Washington, Feb 2 (IANS) In the midst of a heating election campaign, President Barack Obama plans to help with good credit about 3.5 million Americans who are unable to ... Read more...

Posted in Politics |

GOP candidate to debate in Sioux City Iowa


December 16th, 2011 - 8:10 pm ICT by Aishwarya Bhatt
Sioux City, Dec 16 (THAINDIAN NEWS) Frontrunner Newt Gingrich was clearly the target during the GOP debate on Thursday. Gingrich has made a remarkable comeback and the other contenders tried to slow ... Read more...

Posted in Politics |

Fannie Mae, Freddie Mac prevented two mn foreclosures: Report


December 7th, 2011 - 1:27 pm ICT by IANS
Washington, Dec 7 (IANS) Fannie Mae and Freddie Mac, the two major US mortgage-finance companies, prevented nearly two million foreclosures since the start of conservatorship in 2008, said a report ... Read more...

Posted in Business |

US seeks to suspend executives’ bonuses at mortgage giants


November 16th, 2011 - 2:11 pm ICT by IANS
Washington, Nov 16 (IANS) The US House Financial Services Committee approved legislation Tuesday aimed at suspending million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac.The vote ... Read more...

Posted in Business |

Fannie Mac seeks $7.8 bn aid from US government


November 9th, 2011 - 1:59 pm ICT by IANS
Washington, Nov 9 (IANS) Fannie Mac, one of the two major US mortgage-finance companies, has said it will request a $7.8 billion aid from the US government after posting huge ... Read more...

Posted in Uncategorized |

Freddie Mac posts huge loss


November 4th, 2011 - 2:10 pm ICT by IANS
Washington, Nov 4 (IANS) Freddie Mac, one of the two major US mortgage-finance companies, said Thursday that it posted a net loss of $4.4 billion in the third quarter, more ... Read more...

Posted in Business |

Obama launches plan to help families facing foreclosure


October 26th, 2011 - 11:26 am ICT by IANS
Washington, Oct 26 (IANS/EFE) President Barack Obama announced a series of measures to make refinancing mortgages easier for families facing the threat of foreclosure, contrasting his administration's efforts with ... Read more...

Posted in Business |

US sues financial firms over mortgage losses


September 3rd, 2011 - 12:44 pm ICT by IANS
Washington, Sep 3 (IANS) A US federal agency has filed lawsuits against 17 financial institutions, including Indian-American CEO Vikram Pandit-led Citigroup, in an attempt to recover billions of dollars in ... Read more...

Posted in Business |

US markets plunge after the downgrade


August 8th, 2011 - 11:05 pm ICT by IANS
Washington, Aug 8 (IANS) US stocks plunged sharply as Wall Street opened Monday, the first day of trading after Standard & Poor's historical downgrade of the United States' top notch ... Read more...

Posted in World |

Moody’s places US debt rating on review


July 14th, 2011 - 11:41 am ICT by IANS
New York, July 14 (IANS/EFE) Moody's Investors Service announced Wednesday that it has placed the US debt on review with an eye toward possibly downgrading it, given the possibility that ... Read more...

Posted in Business |

Tips for First Time Home Buyers


October 19th, 2010 - 9:17 pm ICT by Angela Kaye Mason
Oct 19 (THAINDIAN NEWS) If you are a first time home buyer, the market can be an exciting yet scary place. Here are a few tips to help keep you on the ... Read more...

Posted in Feature |

Indian American convicted for infecting Fannie Mae computers


October 6th, 2010 - 8:35 pm ICT by IANS
By Arun Kumar Washington, Oct 6 (IANS) An Indian American computer programmer in Maryland has been convicted by a federal jury for transmitting a malicious script to Fannie Mae's computer servers to destroy ... Read more...

Posted in Business |

Fannie Mae Foreclosures on Hold for Some, but Not for All


October 2nd, 2010 - 2:58 am ICT by Angela Kaye Mason
Oct 1 (THAINDIAN NEWS) The government sponsored servicing agent which was chartered by Congress to aide home buyers with “liquidity, stability and affordability” is said to be focused on doing rather than ... Read more...

Posted in Business |

485 Arrests Made In Mortgage Fraud, FBI Reveals


June 18th, 2010 - 8:02 pm ICT by GD
By Ranjan Bhaduri Washington, June 18, (THAINDIAN NEWS) On Thursday, the Department Of Justice declared the launch of an interagency plan to track down all costly mortgage scams all over the nation.Eric ... Read more...

Posted in World News |

Fox News host Glenn Beck claims Fannie Mea is a “slush fund”


May 14th, 2010 - 11:15 pm ICT by BNO News
NEW YORK (BNO NEWS) -- Radio and TV personality Glenn Beck claims that Fannie Mae is the "slush fund" behind a public money laundering scheme that Beck calls "Crime Inc." Fannie Mae ... Read more...

Posted in World News |

Is Joel Rogers The Man Behind The US President?


April 30th, 2010 - 7:17 pm ICT by GD
By Gina Gomez Apr 30, (THAINDIAN NEWS) Joel Rogers, the American academic and political activist may be the man behind the Progressive Movement of American President Barack Obama, if a report in Fox ... Read more...

Posted in Politics |

U.S. To Vend Whole Stake In Citi At An Elevated Profit


March 30th, 2010 - 8:21 pm ICT by Pen Men At Work
March 30, 2010 (Pen Men at Work): Coming to the aid of banks is resulting in grand commerce for the government. Regrettably, for the spender of tax, other federal salvages will, ... Read more...

Posted in Business |

US stocks gain on financial firms


March 10th, 2010 - 6:27 am ICT by IANS
New York, March 10 (DPA) Major US stock indices posted mild gains Tuesday, led by troubled financial firms bailed out by the US government in the past year. Boeing, General Electric, AT&T and ... Read more...

Posted in Business |

Federal Reserve Of USA Generates High Profits


January 13th, 2010 - 9:01 pm ICT by GD
By Ranjan Bhaduri Jan 13, (THAINDIAN NEWS) The US Federal Reserve Bank made record profits in 2009. On Tuesday in declared that it made a gross profit of $52.1 billion. From that amount, ... Read more...

Posted in Business |

Fannie Mae rental program ‘Deed for Lease’


November 8th, 2009 - 12:53 am ICT by Aishwarya Bhatt
Washington, Nov 7 (THAINDIAN NEWS) Government controlled U.S. mortgage finance company Fannie Mae announced on Thursday about their unique rental program which is aimed at helping homeowners who can’t pay back their ... Read more...

Posted in World News |

Fannie Mae rental program


November 6th, 2009 - 11:30 pm ICT by Aishwarya Bhatt
Washington, Nov 6 (THAINDIAN NEWS) Government controlled U.S. mortgage finance company Fannie Mae announced on Thursday about their unique rental program which is aimed at helping homeowners who can’t pay back ... Read more...

Posted in World News |

Mortgage lender Fannie Mae posts nearly $19 bn loss


November 6th, 2009 - 12:08 pm ICT by IANS
Washington, Nov 6 (DPA) US mortgage lender Fannie Mae said Thursday that it would seek $15 billion in federal aid, after posting its ninth consecutive quarterly loss. Fannie Mae reported a net ... Read more...

Posted in Business |

Bush misses Air Force One, White House food after leaving office


May 29th, 2009 - 1:35 pm ICT by ANI
London, May 29 (ANI): Former US President George W Bush misses flying on Air Force One, eating meals prepared by the White House kitchen staff and drawing inspiration from his encounters with ... Read more...

Posted in World |

Top official at US mortgage giant found dead


April 23rd, 2009 - 1:56 am ICT by IANS
Washington, April 23 (DPA) One of the top officials at the troubled US mortgage lender Freddie Mac was found dead early Wednesday at his home in the Washington suburbs, according to police. The ... Read more...

Posted in Business |

Pandit’s Citi, Sanjay Jha’s Motorola among top losers


April 21st, 2009 - 10:02 am ICT by IANS
By Arun Kumar Washington, April 21 (IANS) Citigroup led by Indian-American chief executive Vikram Pandit and Motorola, headed by Sanjay Jha also of Indian origin, figure in the Fortune 500 list of firms ... Read more...

Posted in Business |

Global chill brings economics in from the cold


March 30th, 2009 - 1:37 pm ICT by IANS
By Sid Astbury Sydney, March 30 (DPA) The global financial crisis has done wonders for the dismal science of economics. From Anchorage to Ankara the spooky talk about global warming has given ... Read more...

Posted in World |

30 of Obama’’s top staff are former lobbyists


March 21st, 2009 - 1:01 pm ICT by ANI
Washington, Mar.21 (ANI): The National Journal has in a non-partisan analysis found that 30 of the 267 senior Obama administration officials have served as lobbyists in the preceding five years. According to ... Read more...

Posted in World |

AIG not the only company to pay bail-out bonuses


March 19th, 2009 - 12:06 pm ICT by IANS
Washington, March 19 (DPA) American International Group (AIG), under fire for paying $165 million in retention bonuses using government bail-out money, is not the only government beneficiary to have spent its money ... Read more...

Posted in Business |

US launches mortgage plan to stem housing crisis


March 5th, 2009 - 3:34 am ICT by IANS
Washington, March 5 (DPA) The US launched an effort Wednesday to help homeowners pay off their mortgages, hoping to stabilize a housing crisis that lies at the centre of the country's deep ... Read more...

Posted in World |

Pandit’s Citi pours $25.7 bn in bailout funds


February 3rd, 2009 - 10:56 pm ICT by IANS
Washington, Feb 3 (IANS) Citigroup Inc. Tuesday said it has poured $25.7 billion of its government-supplied funding into bolstering the US residential mortgage market and approved $36.5 billion in loans as part ... Read more...

Posted in World |

Fannie Mae seeking up to $16 bn from US government


January 27th, 2009 - 9:39 am ICT by IANS
Washington, Jan 27 (DPA) Fannie Mae, the giant mortgage company under federal control, is to ask for up to $16 billion in federal money to stem massive losses from the mortgage default ... Read more...

Posted in World |

US mortgage rates fall to lowest level in decades


January 1st, 2009 - 4:13 am ICT by IANS
Washington, Jan 1 (DPA) Mortgage rates for 30-year-fixed home loans in the US fell for the ninth straight week and to their lowest level in 37 years, according to a report released ... Read more...

Posted in Business |

Seven-page questionnaire for people willing to join Obamas team


November 13th, 2008 - 6:18 pm ICT by ANI
Washington, Nov 13 (ANI): A seven-page questionnaire being sent by the office of President-elect Barack Obama to those seeking cabinet and other high-ranking posts may be the most extensive some say ... Read more...

Posted in National |

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