Shortly afterwards, Fannie Mae and Freddie Mac barred lenders and servicers from using the firm for foreclosures.
The subcommittee oversees urban mass transit systems and general urban affairs and development issues, HUD community development programs; the Federal Housing Administration; the Rural Housing Service; and Fannie Mae and Freddie Mac, federal corporations that help Americans with the costs of homeownership.
Mae West | Fannie Mae | Jingū-mae Station | Mae | Fannie Bay | Carrie Mae Weems | Nina Mae McKinney | Mae Klong | Mae Clarke | Fannie Flagg | Fannie Bay, Northern Territory | The Lita Mae Show | Mae Sariang | Mae Sai | Mae Moore | Mae Marsh | Electoral division of Fannie Bay | Audra Mae | Mae Suai | Mae Fah Luang | Mae Busch | Kōiki-kōen-mae Station | Fannie Lou Hamer | Vanessa-Mae | Tamamo-no-Mae | Sallie Mae | Rita Mae Brown | Pa Daet, Mae Suai | Ōmori-Kinjōgakuin-mae Station | Minard Fannie Crommelin |
In 2004 the firm had US$8.8 million in revenues, with prominent clients such as Amgen, BellSouth, Eli Lilly and Company, Freddie Mac, Fannie Mae, R.J. Reynolds, Koch Industries, Microsoft, Time Warner, Enron, and the United Parcel Service.
The newspaper has won praise for its coverage of important policy issues, including passage of the Gramm–Leach–Bliley Act, congressional debates surrounding regulation of government-sponsored enterprises like Fannie Mae and Freddie Mac, and the near-constant wave of mergers and acquisitions that affect banks.
Again, in the U.S. at the federal level, in September 2008, the chief executive officers, and board of directors Fannie Mae and Freddie Mac were dismissed, and the companies were placed into the conservatorship of the Federal Housing Finance Agency (FHFA) via the determination of its director James B. Lockhart III, with the support and financial backing of U.S. Treasury via Treasury secretary Hank Paulson's commitment to keep the corporations solvent.
On September 6, 2008, the director of the Federal Housing Finance Agency (FHFA), James B. Lockhart III, announced his decision to place two Government-sponsored enterprises (GSEs), Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation), into conservatorship run by the FHFA.
After leaving office in 1999, he was appointed to the Fannie Mae Board of Directors by President Bill Clinton.
According to the US Treasury Department, it is a $75 billion program to help up to nine million homeowners avoid foreclosure, which was supplemented by $200 billion in additional funding for Fannie Mae and Freddie Mac to purchase and more easily refinance mortgages.
Through the powers granted to FHFA, created by the Act, on September 7, 2008, FHFA director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA.
In the 2008 Presidential campaign, Tumulty accused the campaign of Senator John McCain of "playing the race card" for a television ad criticizing the connections between Senator Barack Obama and Franklin Raines, the former CEO of Fannie Mae.
NGOs and institutions like Smithsonian Institution, the United States Holocaust Memorial Museum, Habitat for Humanity, the ACLU, the Bill and Melinda Gates Foundation and the Kennedy Center are clients of Peter D. Hart Research Associates, as well as corporations such as Boeing, Time-Warner, American Airlines, Coca-Cola, IBM, Fannie Mae, AT&T, and Tiffany & Co..
Kovacevich believes that Federal Deposit Insurance Corporation insurance should be privatized, and that Fannie Mae and Freddie Mac should have no government backing in the event of a failure (quite the opposite of the course actually pursued by the United States Congress and the White House when the two lenders became insolvent in September 2008).
Update 11/25/2008 - Yield Spread Premiums are most commonly used by the Government Sponsored Enterprises (Fannie Mae and Freddie Mac) as well as the FHA and VA loan programs to 'steer' borrowers into specific tranches of interest rate most advantageous to the marketplace through specific cash incentives to the mortgage originator.
On May 23, 2006, the Fannie Mae and Freddie Mac regulator, the Office of Federal Housing Enterprise Oversight, issued the results of a 27 month long investigation.
Housing and Urban Development Act of 1968, a United States law which created Ginnie Mae out of Fannie Mae
While meditating in a park in BuSab headquarters McKie is mentally contacted by the Caleban Fannie Mae, a female member of a species of unparalleled power from another dimension whose visible manifestation in this universe is the star Thyone in the Pleiades cluster.