- John Podesta eats crow: ‘I apologize to Speaker Boehner’
- U.S., China race to finish line on ‘invisibility cloak’
- Obama ‘cavalier’ in hiding foreign aid order, judge rules
- Prince Charles: Muslims are driving Christians from Mideast through persecution
- Gitmo’s first commander: Close the prison down
- Google’s newest photography find: Just wink and shoot
- Detroit’s Heidelberg art project hit by 8 fires in 8 months
- Pa. police pull people over for random DNA tests for feds
- NASA pushing hard to get back into space game
- Harvard student to face federal charges for bomb hoax
Federal National Mortgage Association
Latest Federal National Mortgage Association Items
Fannie Mae and Freddie Mac, the two mortgage finance giants whose financial woes required massive taxpayer bailouts in recent years, could be missing out on as much as $4.6 billion in payments from foreclosed mortgages in their portfolios, a federal investigator said.
Washington's role in the housing crisis still hasn't hit home
President Obama says he has a "Better Bargain for America" to rescue the feeble housing market. He offers the usual clever turns of phrase, but it's just repackaging of the same government intervention that created the subprime-mortgage crisis in the first place.
The federal deficit is down 37.6 percent so far this fiscal year, according to Treasury Department statistics released Monday, showing the government has made progress in stanching the spread of red ink while managing to avoid a double-dip recession.
It would be funny if it weren't so serious. The president has proposed to eliminate Fannie Mae and Freddie Mac, while at the same time proposing to put in place the same policies that caused the two government-sponsored enterprises to fail.
President Obama floated a plan Tuesday that he hopes will take some of the load off Fannie Mae and Freddie Mac in the financing of American homeownership.
The federal deficit continues to drop, powered by a better economy, higher tax rates and the spending cuts that have left the government's bottom line in much better shape than at any time under President Obama, according to the Congressional Budget Office's latest numbers released Wednesday.
President Obama on Tuesday sought to prod along a rare bipartisan effort in Congress by throwing his weight behind a Senate bill that would eliminate mortgage giants Fannie Mae and Freddie Mac but maintain a government guarantee on high-quality 30-year mortgages so that the popular instruments do not disappear from the marketplace.
President Obama is taking his economic campaign online with plans to answer housing questions from the public during an event hosted by the real-estate website Zillow Inc.