Houses to put in order
A year since their rescue, Fannie Mae and Freddie Mac are more important than ever to home ownership – complicating the administration’s task in resolving their future
Freddie Mac and Fannie Mae
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Fannie to draw $15bn from Treasury
The move comes after the government-run mortgage financier incurred a ninth consecutive quarterly loss – $19.8bn in the third quarter – that drove its net worth below zero
Recovery rubs off on Freddie, Fannie, AIG
Shares of Fannie Mae, Freddie Mac and AIG, the three financial groups taken over by the US government at the height of the financial crisis last year, have surged over the past three weeks, making them the most improved stocks on the New York Stock Exchange since early August
Freddie Mac names Witherell as COO
Freddie Mac has hired Bruce Witherell, former co-head of Morgan Stanley’s residential mortgage business, as its chief operating officer.
Huge challenge awaits new chief of Fannie and Freddie
James Lockhart’s successor as director of the agency that regulates Fannie Mae and Freddie Mac will hold much of the US mortgage market in his hands when he takes the helm.
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Comment and Analysis
Take this weekend off, Hank
Paulson has done his best to keep the dollar strong and financial confidence intact. The US Treasury secretary must now allow events to take their course, which will show that Fannie and Freddie were unique and the government has not lost its nerve, writes John Gapper
US housing solution is not a good one to follow
Is the rescue of Fannie Mae and Freddie Mac an example of US policymaking that the UK, quite as vulnerable to the collapse in the housing market, should follow? Martin Wolf very much hopes it will not. But the pressures on the UK government to act will be strong
A delicate balance in the Freddie and Fannie action
The US Treasury’s takeover of the mortgage finance companies aims to halt further devastation caused by the deleveraging hurricane, writes Mohamed El-Erian
US fiscal challenge is in the long term
The US is not worse off, overall, than most developed economies. The difficulty is politicians’ reluctance to tell the truth about the means within which it must live
In search of a floor: Is America’s house price crash at last bottoming out?
The federal rescue of Fannie Mae and Freddie Mac may help strengthen incipient signs of a firmer residential property market
Insight: US mortgage U-turn may not be enough
The difficulty with the Fannie and Freddie rescue is it relies on debt-exhausted households to take on even more debt, writes John Plender
Clive Crook: Nationalisation in all but name
The ‘conservatorship‘ that Hank Paulson, Treasury secretary, has announced for Fannie Mae and Freddie Mac is nationalisation by another name, writes Clive Crook
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Freddie Mac
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Fannie Mae
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