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FREDDIE'S AND FANNIE'S FUTURE What will the two mortgage financing giants look like in the future?
The mortgage financing giants Fannie Mae and Freddie Mac are at last slipping into a form of obscurity.
The government has already transfused $137.5 billion into Fannie Mae and its cousin, Freddie Mac, since seizing the two mortgage financing giants in August 2008.
Banks face investigations and potential litigation from private investors as well as state attorneys general and also from the Federal Housing Finance Agency, which oversees the mortgage financing giants Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac, the two mortgage financing giants, have always required that borrowers have enough income to pay for the loan on closing day and that lenders document that the income is likely to continue for at least three years.
MR. PAULSON'S SHOW President Bush may be the nation's first president with an M.B.A., but when Mr. Bush and his advisers met last week to complete their plan to take over the mortgage financing giants Fannie Mae and Freddie Mac, it was the Treasury secretary, Henry M. Paulson Jr., running the show.
Similar(51)
Instead of financing "giant wind turbines" — a power source he has long criticized — "I'd much rather spend that money on energy research".
The bailout of America's failed housing finance giants is taking on Greek proportions.
Treasury hired Fannie Mae and Freddie Mac, two government-controlled mortgage finance giants, to oversee the program.
Many were sold to Fannie Mae and Freddie Mac, the taxpayer-backed mortgage finance giants.
The failures of Fannie Mae and Freddie Mac, America's housing-finance giants, are glaringly obvious.
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