Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Off-Topic Post, Non Stock Talk » Keep on shoveling....

 - UBBFriend: Email this page to someone!    
Author Topic: Keep on shoveling....
SeekingFreedom
Member


Icon 9 posted      Profile for SeekingFreedom     Send New Private Message       Edit/Delete Post   Reply With Quote 
Fannie to U.S.: We need another $15.3 billion

NEW YORK (CNNMoney.com) -- Battered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government.

...

Continuing problems with Fannie Mae's mortgage portfolio are still straining its finances. Some 5.38% of its single-family loans were more than 90 days delinquent, up from 2.42% a year earlier.

Total nonperforming loans were $216.5 billion at year-end, compared with $198.3 billion in the prior quarter and $119.2 billion in the prior year-end.

...

Since it was taken over by the federal government in September 2008, Fannie Mae has received $60.9 billion from the Treasury Department.

Freddie Mac (FRE, Fortune 500) reported on Wednesday a fourth-quarter loss of $7.8 billion, compared to $23.9 billion a year earlier. The company lost $21.6 billion for the year, an improvement from 2008 losses of $50.1 billion.

Freddie Mac, which has received $50.7 billion in taxpayer funds, did not request any additional money.

In late December, the Treasury Department lifted a $200 billion limit on the amount it was ready to pump into each of the two mortgage firms


http://money.cnn.com/2010/02/26/news/companies/Fannie_mae_results/

Posts: 1802 | From: Utah | Registered: Mar 2008  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share