Fannie’s Losses Narrow to $1.2B, with Taxpayers on the Hook for Less

By: Carrie Bay Fannie Mae’s second-quarter losses narrowed considerably from the demoralizing financials of the past several years that found the nation’s largest mortgage financier underwater itself in a sea of red ink. The GSE reported late Thursday that it lost $1.2 billion during the second quarter of 2010, compared to a net loss of […]

Continue reading...

FHFA Orders Fannie, Freddie to Delist Stock from NYSE

By: Carrie Bay The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to delist their common and preferred stock from the New York Stock Exchange (NYSE) and any other national securities exchange. “A voluntary delisting at this time simply makes sense and fits with the goal of a conservatorship to preserve […]

Continue reading...