Fannie Mae and Freddie Mac might also be able to provide money for refinancing.
Fannie Mae is built on the lie that every American is capable of paying a mortgage.
In early August, Paulson chose Morgan Stanley to help fashion a plan for Fannie Mae.
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On the podium at a recent speech sponsored by the Fannie Mae Foundation in Washington, D.
Fannie Mae (76, FNM) and Freddie Mac (61, FRE) are affordable at 15 times earnings.
Many were sold to Fannie Mae and Freddie Mac, the taxpayer-backed mortgage finance giants.
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In addition to selling loans, Fannie Mae has started selling foreclosed homes in bulk.
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But Fannie and Freddie are just two blights on an otherwise dismal economic landscape.
Fannie Mae created liquidity, allowing banks to lend, sell the debt and lend again.
Significantly, the Obama proposals do not address what to do about Fannie and Freddie.
The regulator said as recently as July 10th that both Fannie and Freddie had enough capital.
Fannie and Freddie by both regulating and subsidizing home ownership effectively did both these things.
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Banking consultant Bert Ely said Fannie Mae and Freddie Mac typically hold huge amounts of debt.
However, the activity stops for sunset over Fannie Bay, located right outside the market.
Rep. Hensarling has tried several times to slip Fannie and Freddie into the bill.
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Fannie Mae had already extended the HARP program to all borrowers, regardless of their equity position.
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At the center of this crisis are Fannie Mae and Freddie Mac.
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Fannie would have to double its core capital to be considered a well cushioned commercial bank.
Foreclosures on mortgages backed by Fannie Mae and Freddie Mac increased 21% in June from May.
Better late than never, Fannie and Freddie will also get a regulator with sharper teeth.
The mortgage must not be backed by Fannie Mae or Freddie Mac.
And government-backed lenders Fannie Mae and Freddie Mac have agreed to new rules for home appraisals.
Cato Institute President Ed Crane has a funny story about Fannie Mae from the mid 1990s.
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The government used Fannie Mae and Freddie Mac to prop up the mortgage market.
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From last year's top 50, that happened to IBM, Nippon Tel and Fannie Mae.
The NBA facilitated this problem just like Fannie and Freddie were culprits in the housing bubble.
Omitting reform of Fannie and Freddie and the rest of my grievances was unfortunate.
Intel sold at ten times earnings, as did Fannie Mae, Citicorp and Federated Department Stores.
Freddie Mac and Fannie Mae were bailed out, and so was American International Group.
These new companies would essentially replace some of the functions filled by Fannie and Freddie.
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