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11/11/2008 News For:

ginnie Mae Mortgage

US mortgage finance giant Fannie Mae posts 29 bln dlr loss   Fannie Mae, the US mortgage finance giant bailed out by the government, reported Monday a third-quarter loss of 28.99 billion dollars due to the slump in the real estate sector.

Fannie Mae loses $29 bln on tax, mortgage charges  BOSTON MarketWatch -- Mortgage-finance giant Fannie Mae on Monday reported a $29 billion third-quarter loss as the company continued to get slammed by the housing crunch and the upheaval in credit markets.

Summary Box: Mortgage titan Fannie Mae may need government aid as losses rise   - THE RESULTS: Government-controlled mortgage giant Fannie Mae posted a $29 billion loss in the third quarter, mainly from a more than $21 billion tax-related charge. The company also lost more than $9 billion as a result of bad loans.

US mortgage finance giant Fannie Mae posts 29 bln dlr loss  Fannie Mae headquarters in Washington, DC in mid July. Fannie Mae, the US mortgage finance giant bailed out by the government, reported a third-quarter loss of 28.99 billion dollars due to the slump in the real estate sector.

Government, mortgage industry to announce assistance effort for Fannie Mae, Freddie Mac loans  The move will help hundreds of thousands of troubled homeowners who have delinquent loans held by Fannie Mae and Freddie Mac.

US mortgage-lender Fannie Mae posts record loss  Washington - Fannie Mae, the recently-nationalized US mortgage lender has posted a record quarterly loss on Monday, after writing down assets by some 21 billion dollars in the wake of the collapse of the US housing and credit markets. The total loss ...

Fannie Mae, Freddie Mac, and the housing industry officials plan a new mortgage modification program to stop foreclosure  Under the proposal, mortgage servicers will work with borrowers to reduce monthly payments to 38 percent of their income, a level considered a threshold for affordability, using a combination of lower principals, interest-rate reductions and extensions, the people said.

Fannie Mae May Need More Than $100 Billion From U.S.  Fannie Mae said Monday that it might need more than the $100 billion that the Treasury said it was willing to invest in the giant mortgage company to help it stay in business.

Gov't to announce new mortgage aid effort  WASHINGTON - In the most sweeping effort so far to help troubled homeowners, the federal government and the mortgage industry on Tuesday will announce a plan to streamline the assistance process for hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

Fannie Mae Loses $29 Billion on Write-Downs  Fannie Mae , the mortgage insurance giant, said Monday that it had lost a record $29 billion in the third quarter as the company wrote down a tax-related asset that has buoyed capital and the housing slump deepened.