Posts Tagged ‘Fannie Mae’

Your Landlord Fannie Mae

Fannie Mae is now allowing former owners to rent out their own foreclosed homes. The thinking behind this, according to the Wall Street Journal, is to "forestall the rash of foreclosed houses coming on the market," which are lessening home values and obviously selling for very low prices. The program has critics, who say Fannie [...]

Pew Study: “Fannie Mae, Freddie Mac Subsidies Greater Than TARP’s”

Just to keep things in perspective:
WASHINGTON, April 29 /PRNewswire-USNewswire/ — Federal subsidies to Fannie Mae and Freddie Mac could reach $290 billion in fiscal year 2009 and climb to $389 billion between 2009 and 2019, according to an analysis by Subsidyscope, an initiative of The Pew Charitable Trusts.