Fannie Mae News

The House on Thursday approved an ambitious plan to rescue hundreds of thousands of homeowners at risk of foreclosure.The plan would help them trade exotic loans with rapidly rising monthly payments for more ... via KansasCity.com

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Cost basis is the cost at which you entered a position or purchased an asset. It is the total price you paid for, say, your house, a stock, mutual fund, etc...--and by total we mean including all commissions, ... via Fox News

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Wall Street sent stock prices higher after a tentative start. Some early declines were prompted by the spike in oil prices to nearly $123 a barrel during the trading day. via KESQ

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FNM / FRE Tuesday's earnings report from government sponsored Fannie Mae should cause investors to question whether the very entity charged with saving the real estate market will actually need to be rescued ... via Seeking Alpha

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Stocks that are moving substantially or trading heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE UBS AG, down 15 cents at $34.16 Switzerland's biggest bank posted a nearly $11 ... via San Jose Mercury News

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The steep slide in home prices is accelerating the pace of foreclosures, Fannie Mae said Tuesday as it reported a $2.2 billion quarterly loss. via New York Daily News

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“I think that right now we are in the belly of the cycle”

The outlook for the housing market darkened further Tuesday as the nation's largest buyer of home mortgages said it racked up more than $2 billion in quarterly losses and forecast a steeper drop in home prices ... via Seattle Post-Intelligencer

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“We can see tangible effects as a result of our initial responses to the losses”

U.S. markets start Tuesday with slide NEW YORK, May 6 -- U.S. stock indexes swung lower Tuesday after domestic and foreign financial giants announced first quarter write-downs. Swiss bank UBS announced it would ... via Daily India

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More Photos Fannie Mae said Tuesday it lost $2.2 billion in the first quarter as home-loan delinquencies mounted and home prices declined more sharply than the mortgage finance company had expected. via ABC News

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A key House lawmaker is complaining the mortgage industry hasn't done its part to make higher-value loans available in costly housing markets after Congress took action in February. via CNN Money

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