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In the remarks that US Treasury Secretary Tim Geitner intends to deliver to the House Financial Services Committee today, it is anticipated will address the views of the Obama administration on the future of Fannie Mae and Freddie Mac. Remarks he has delivered...
United States (Mar 1st, 11)
Canadian banking has its strengths and weaknesses, but when talking about being more conservative and healthy when difficult times come, they hands down beat their southern neighbors, as well as most other banking systems in the world because of their practice...
Canada (Mar 21st, 10)
The losses for Fannie Mae (NYSE: FNM) were extraordinary in 2010, as the largest mortgage finance company in America continues to experience huge losses in the wake of the mortgage meltdown. For the entire year, the company lost $74.4 billion, a major increas...
Banking (Feb 27th, 10)
To understand mortgage rates and where they may be headed in 2010 it may be useful to discuss how mortgages are financed. Mortgages are “originated” by mortgage brokers, mortgage bankers, commercial banks, savings and loans and others. Thes...
Real Estate (Feb 1st, 10)
During the last few years we have seen the housing industry struggle thru the worst period since the Great Depression. You don’t have to look far for evidence of this. In the third quarter there were almost one million new foreclosures reported accordi...
Real Estate (Nov 8th, 09)
Fannie Mae is due to roll out a program that is aimed at those homeowners who are facing foreclosure and the eviction from their home. Whether they bought at the peak of the market or faced a financial setback that prevents them from being able to make mortgag...
Finance (Nov 8th, 09)