Fannie Mae Execs Were Showered With Countrywide VIP Loans

In a letter to the Federal Housing Finance Agency – the government agency that regulates Fannie Mae and a smaller competitor, Freddie Mac – Issa said Countrywide’s 153 loans to 37 Fannie employees were part of a attempt to vastly expand business with Fannie to the detriment of Freddie. Though government-chartered institutions, both Fannie and … Read more

Uh-oh – Fannie, Freddie Ordered To Delist Stock From U.S. Exchanges

That’s gotta sting… I wonder how that is going to affect the portfolio of Palm Beach County, and all other counties and states for that matter??? WSJ By NATHAN BECKER, JESSICA HOLZER And JACOB BUNGE The regulator for Fannie Mae and Freddie Mac ordered the two government-sponsored mortgage purchasers to delist their shares from the … Read more