Tag Archives: Conference Call

Fannie Mae: From Ward of the State to Cash Cow

When Fannie Mae was bleeding cash back in 2008, the government took it into conservatorship, which allowed Fannie Mae to draw funds from the Treasury to stay afloat. In return, the government took senior preferred shares of the company. Fannie … Continue reading

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Bank of America Slashes $4.75 Billion Off Mortgages

As part of the sweeping national mortgage servicing settlement that went into effect in March, officials at Bank of America said they are halfway to fulfilling their mandate of providing $7.6 billion worth of consumer relief.  The bank [BAC  Loading…  … Continue reading

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Home Ownership May Fall More Than Expected

Page 1 of 4 | Next PageShow Entire Article Sometimes you hear one thing and don’t think much of it, and then you hear another thing that makes the first thing seem much more important. This morning the Mortgage Bankers … Continue reading

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Obama Administration Defends Housing Bailout

Page 1 of 2 | Next PageShow Entire Article The Obama Administration is vigorously defending its mortgage bailout programs, from the Home Affordable Modification Program (HAMP) to the Neighborhood Stabilization Program to the FHA Short Refi. They’ve taken to the … Continue reading

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