Topic: Secondary Market Financing
House GOP calls for Fannie, Freddie phase out
Reuters US Online Report Business News
WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market. The House ...
Fed's Bernanke sees U.S. backing Fannie, Freddie debt
Reuters US Online Report Business News
WASHINGTON (Reuters) - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday. The comments follow speculation earlier this month bondholders in the mortgage funding ...
Mortgage rates remain below 5 percent
AP News
Rates on 30-year fixed mortgages fall to 4.95 percent, weeks before Fed exitMortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire. The average rate on a ...
Shares of bailed out companies surge
AP News
Bailed out companies see shares rise on hopes that government rescues could be winding downShares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow. Shares ...
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