FANNIE MAE

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Fed's Bernanke sees U.S. backing Fannie, Freddie debt

Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.

Fannie Mae slashes mortgage investment forecast

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Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a setback in home sales, and warned on its impact on the economic recovery.

Geithner vows to continue financial stabilization

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Treasury Secretary Timothy Geithner on Tuesday said the Obama administration's strategy to halt recession and contain the financial crisis has been effective, but vowed to continue stabilization efforts.
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Sen Corker says sides nearing on consumer watchdog

Members of the Senate Banking Committee drafting financial reform have about reached a balance on the controversial consumer watchdog proposal, Republican Senator Bob Corker said on Tuesday, indicating a bipartisan deal could be reached soon.
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Fed optimistic on changing Wall St pay packages

The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday.
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Plosser: Fed should sell MBS sooner, not later

The Federal Reserve should sell its U.S. mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.
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Fed's Bullard: Housing should be key in reg reform

The Obama administration and U.S. lawmakers are missing an opportunity to revamp the U.S. housing finance system, which should be central to regulatory reform, a top Federal Reserve official said in an interview on Monday.
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Fannie, Freddie get credit line; no word on future

The Obama administration on Monday laid out credit provisions for Fannie Mae and Freddie Mac under its fiscal year 2011 budget proposal, but did not deliver a vision for the future of the money-losing mortgage finance giants.
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US mortgage pros measured on private capital return

Mortgage securities are not expected to return to any significant growth until 2011, despite efforts to restart the market that provided much of the residential credit during the housing boom, according to a industry survey released on Monday.
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Fed's MBS exit could lift Treasury yields

The end of the Federal Reserve's program to buy mortgages backed by Fannie Mae and Freddie Mac could have a ripple effect on the market for U.S. government bonds.
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Private mortgage bond buzz portends deal revival

U.S. mortgage bonds at the heart of the financial crisis may be revived by Wall Street as soon as this quarter, in what could be the most significant step yet toward repairing the credit and housing markets.
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Fed income swells to record

The Federal Reserve banks paid a record $46.1 billion to the U.S. Treasury in 2009 as aggressive bond purchases and lending to fight the financial crisis swelled its net income by nearly 47 percent to a record $52.1 billion.
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Fed turning to new tool to pilot rates

The U.S. Federal Reserve looks set to end its reliance on the federal funds rate, long its primary monetary policy tool, when the time comes to tap the brakes as the economy recovers.
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Huge NYC apartment complex misses loan payment

The joint venture led by Tishman Speyer and BlackRock Inc that owns New York City's vast Stuyvesant Town/Peter Cooper Village apartment complex on Friday said it missed making its full loan payment, moving the deal one step closer toward possible foreclosure.
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NYC Stuyvesant Town complex misses payment

The joint venture led by Tishman Speyer and BlackRock that owns New York's vast Stuyvesant Town/Peter Cooper Village apartment complex on Friday said it missed a loan payment, putting it in a much-anticipated default.
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Fannie Mae to bend rules for some Florida condos

Fannie Mae, the largest funder of U.S. home mortgages, on Thursday said it is making it easier for some Florida condo buyers to qualify for loans in a bid to stabilize one of the worst-hit real estate markets.

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