Federal National Mortgage Association
News and overview for Federal National Mortgage Association
FHA chief says no bailout is needed
United Press International | 46 days 4 hours 55 minutes ago
WASHINGTON, Oct. 8 (UPI) -- Federal Housing Administration Commissioner David Stevens told House members in Washington a fifth of the FHA loans from 2008 are at risk of default.
Real Estate Transactions: Sept. 21-25, 2009
Centre Daily Times (State College, Pa.) | 34 days 21 hours 32 minutes ago
Bellefonte Borough Crossman Enterprises LLC to Cody J.
Homesales
Arizona Republic (Phoenix), The | 46 days 18 hours 31 minutes ago
Homesales, Recent home purchases in Maricopa County. Transactions are listed by ZIP Code.
Isle condo market faces new hurdle
Honolulu Advertiser, The | 14 hours 50 minutes ago
Proposed changes to a federal mortgage loan program that now accounts for a substantial number of all new home loans have Hawai'i lenders concerned that many condominiums in the state could become ineligible for such lending.
Former Ginnie Mae CEO and President Murin and Former FHA Commissioner Montgomery Form Advisory Firm; Collingwood Group to Counsel Financial Services Companies [Press Release]
PRNewswire | 97 days 13 hours 57 minutes ago
...the Government National Mortgage Association (Ginnie Mae...and former Federal Housing Administration...management analytics, mortgage fulfillment services...President of Century Mortgage Company. ...for Housing-Federal Housing Commissioner...
Single-family Home Sales Up
Hartford Courant (Conn.), The | 43 days 23 hours 47 minutes ago
Closed sales of single-family homes rose 2.91 percent in September from this time last year — from 948 last September to 976 last month, according to the Greater Hartford Association of Realtors. Pending sales also increased 16.47 percent, from 838 in September 2008 to 976 last month.
Business events scheduled for the coming month
Centre Daily Times (State College, Pa.) | 24 days 4 hours 35 minutes ago
MONDAY, Nov. 2 NEW YORK - The Institute for Supply Management releases its manufacturing index for October, 10 a.m.
Business events and economic reports scheduled for the coming month
Star Tribune (Minneapolis-St. Paul, Minn.) | 24 days 4 hours 35 minutes ago
MONDAY, Nov. 2 NEW YORK — The Institute for Supply Management releases its manufacturing index for October, 10 a.m.
Title insurance protects owner against previous claims
Sun (Lowell, Mass.), The | 23 days 16 hours 6 minutes ago
NEW YORK -- Amid the heap of obligations and expenses that come with buying a house, title insurance can be one of the most bewildering.
Ginnie Mae's exposure to subprime mortgages soars
The Financial Services Roundtable SmartBrief | 104 days 21 hours 59 minutes ago
The Government National Mortgage Association, known as Ginnie Mae, will soon...heading toward trouble with its mortgage exposure. The inspector general...issued scathing reviews of the Federal Housing Administration's practices...
Trouble at FHA: Will troubled FHA be next in line for a government bailout? -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 45 days 6 hours 26 minutes ago
Will troubled FHA be next in line for a government bailout?
States Are Pondering Fraud Suits Against Banks
New York Times, The | 20 days 23 hours 41 minutes ago
PHOENIX Newly empowered by the Supreme Court, the attorneys general of several states hit hard by the housing collapse are exploring consumer fraud suits against major mortgage lenders.
Midwest Banc Holdings, Inc. Reports Q3 Results [Press Release]
Business Wire | 27 days 3 hours 59 minutes ago
Midwest Banc Holdings, Inc. (NASDAQ:MBHI), the holding company for Midwest Bank and Trust Company (the “Bank” or “Midwest Bank”), announced results for the third quarter of 2009. The company recorded a net loss of $41.3 million for the third quarter of 2009 compared to a net loss of $159.7 million in the third quarter of 2008, and a net loss of $76.5 million for the second quarter of 2009. On a per share basis, net loss per share for the quarter was $1.52, compared to a net loss per share of ...
U.S. mortgage backer may need bailout
MSNBC | 45 days 12 hours 29 minutes ago
Experts worry Federal Housing Administration will be next housing domino
The week ahead: Convention Calendar
Salt Lake Tribune (Utah), The | 35 days 11 hours 59 minutes ago
Convention Calendar Today National Association of Charter School Authorizers
Company Overview
| Company: | Federal National Mortgage Association |
|---|---|
| Industry: | Mortgage Banking & Related Services |
| Website: | http://www.fanniemae.com |
The Federal National Mortgage Association, or Fannie Mae, has helped more than 50 million low- to middle-income families realize the American Dream. Like its brother Freddie Mac, the government-supported enterprise (GSE) provides liquidity in the mortgage market by buying mortgages from lenders and packaging them for resale, transferring risk from lenders and allowing them to offer mortgages to those who may not otherwise qualify. The company owns or guarantees about $3.1 trillion in home loans, or more than a quarter of all outstanding mortgages in the US. Due to losses caused largely by the subprime mortgage crisis, the federal government seized both Fannie and Freddie in September 2008.
Key Numbers
| Sales in U.S. Dollars (mil.) | -11,689 (2008) |
|---|---|
| One-year % Growth in Sales | 0.0 (2008) |
| Net Income in U.S. Dollars (mil.) | -58,298 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 5,700 (2007) |
| One-year % Growth in Number of Employees | -13.6 (2007) |
| Fiscal Year-End | December |