Freddie Mac

6:39am

Mon January 7, 2013
The Two-Way

Bank Of America To Pay Fannie Mae $3.6B, Buy Back $6.75B In Mortgages

Originally published on Mon January 7, 2013 7:43 am

Bank of America's corporate center in Charlotte, N.C.
Scott Olson Getty Images

Bank of America announced this morning that it will pay the Federal National Mortgage Association (Fannie Mae) $3.6 billion in cash and will buy back $6.75 billion worth of mortgages to resolve claims related to mortgage-backed securities sold to Fannie Mae by the bank and Countrywide Financial Corp. (which BofA acquired in 2008.

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8:57am

Fri November 16, 2012
Planet Money

Hidden Housing Subsidy May Soon Come Out Of Hiding

Originally published on Fri November 16, 2012 12:47 pm

Lam Thuy Vo NPR

The federal government has all these ways of paying people to buy houses without actually, you know, paying people to buy houses.

We've talked a lot about two examples of this:

1. The mortgage-interest tax deduction is effectively a government payment to people who are paying a mortgage.

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1:22pm

Wed September 26, 2012
The Two-Way

Freddie Mac Didn't Harm Homeowners, Inspector General Says

In January, NPR and ProPublica reported on a potential conflict of interest at Freddie Mac, a mortgage giant sponsored by the federal government. The stories noted that even as Freddie Mac was writing rules making it harder for homeowners to refinance their mortgages, it also was stepping up investments in securities that gain when homeowners remain stuck in high-rate loans.

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1:44pm

Mon September 10, 2012
Planet Money

Where The Bailouts Stand, In 1 Graphic

Originally published on Tue September 11, 2012 2:07 pm

Lam Thuy Vo / NPR

It's been four years since the U.S. launched a massive bailout of the financial system and the auto industry. While much of the bailout money has been paid back, the government still owns large shares in companies such as AIG and GM, and has yet to recoup some $200 billion in bailouts.

Here's a breakdown by industry.

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3:20pm

Tue July 31, 2012
The Two-Way

Fannie, Freddie Regulator Holds Firm Against Mortgage Write-Downs

Many experts say reducing mortgage principal can help troubled homeowners avoid foreclosure and stay in their homes. But the regulator who oversees two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, has rejected the idea.
Justin Sullivan Getty Images

A federal regulator is blocking the government-owned mortgage giants Fannie Mae and Freddie Mac from reducing the principal that homeowners owe on their mortgages in order to avoid foreclosures.

Tuesday's decision came from Edward DeMarco, the acting director of the Federal Housing Finance Agency.

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