Topic: Secondary Market Financing
American Capital Agency says earnings rose in 4Q
AP News
American Capital Agency reports 4Q earnings rise to $40.7 million, interest income jumpsAmerican Capital Agency Corp. reported sharply higher earnings for the fourth quarter of 2009 Monday as the government-backed mortgage securities it holds gained value. The company said it earned $40.7 million, or $1.79 per share ...
HUD asking for $41.6B for 2011 budget
AP News
HUD's 2011 budget amounts to 5 percent cut in funding due to expected spike in FHA revenueThe Department of Housing and Urban Development said Monday it will ask for less money from Uncle Sam this year because it expects income from two of its agencies to more than double ...
Rep. Frank: Abolish Fannie Mae, Freddie Mac
AP News
Rep. Barney Frank calls for replacement of mortgage finance giants Fannie Mae, Freddie MacA top lawmaker on Capitol Hill is calling for the elimination of mortgage finance companies Fannie Mae and Freddie Mac and the establishment of a new system to provide money for U.S. home loans. Rep. Barney ...
Six Republican senators take aim at Fannie, Freddie
Reuters US Online Report Politics News
WASHINGTON (Reuters) - Six Republican senators took aim at the Obama administration's Christmas eve decision to give mortgage companies Fannie Mae and Freddie Mac unlimited access to a Treasury credit line. The senators called on Senate Banking Committee Chairman Chris Dodd to hold public hearings and scrutinize the decision to ...
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