FANNIE MAE

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US Foreclosures Have Modest Impact On Nearby Home Prices: NBER

Foreclosed properties in the U.S. cause only a modest decline on the home prices of nearby properties, and the effects go away a year after the distressed property is resold, according to a working paper by the National Bureau of Economic Research.
Paul Volcker, former chairman U.S. Federal Reserve takes part in the Spruce Meadows Changing Fortunes Round Table on business in Calgary

Paul Volcker, Regulation Icon, Freed Fannie Mae From Oversight

Paul Volcker, the former Federal Reserve chairman and a great proponent of new bank regulations, was a key enabler in the rise and eventual collapse of Fannie Mae, the government-sponsored enterprise focused on mortgage financing, according to a new book.
A sign in front of the Fannie Mae headquarters is photographed in Washington

"We Need To Shrink" -- Fannie Mae CEO

Fannie Mae (OTC: FNMA), the largest government-controlled mortgage backer, reported its second consecutive quarterly profit for the first time in five years Wednesday, but its CEO said the company should cede business to private investors when the housing market finally recovers.
Barclays

EU To Criminalize Rate-Fixing...And About Time Too

The EU is looking into the possibility of making Libor and Euribor rate-rigging -- the deliberate manipulation of interest rates that set the benchmark for over $500 trillion in financial contracts - a criminal offense.
An image showing the headquarters of Fannie Mae and Freddie Mac

FHFA Explores Fannie Mae, Freddie Mac Receivership Plan

The future of Fannie Mae and Freddie Mac, the two government-controlled entities that guarantee around 60 percent of the U.S. mortgage market, remains uncertain, but their federal regulator is requesting a plan to wind them down and sell their assets.

Why Are US Rents Hitting Record Highs?

During the second quarter, average rents increased to record levels in 74 of the 82 U.S. markets tracked by real estate data firm Reis Inc. (NYSE: REIS), according to a report released Thursday. A number of factors are driving the trend.
An image showing the headquarters of Fannie Mae and Freddie Mac

Imagining U.S. Housing Without Fannie Mae And Freddie Mac

The dissolution of Fannie Mae and Freddie Mac, the two largest U.S. mortgage guarantors, would have only a minimal impact on home ownership level, according to a new report that downplays the link between low interest rates and increased ownership.
The U.S. 2012 fiscal year budget is unveiled in Washington

US National Debt - 5 Times Greater Than The Government Admits

The IOU that is being laid on the doorsteps of U.S. taxpayers in the form of the national debt is far greater than most Americans realize. That's because the federal government does not report the true size of the national debt -- now nearly $80 trillion.
Romney

It's (Almost) Official: Romney Is The Republican Nominee

Time to stop dropping the presumptive and the likely qualifiers: It is all but certain that after Texans finish voting in Tuesday's Republican presidential primary, Mitt Romney will have secured the 1,144 delegates he needs to win the nomination.

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