Fannie Mae plans to sell CMBS to shrink holdings

May 22 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage bonds that guide U.S. home-loan rates climbed to the highest in almost a year as Federal Reserve Chairman Ben S. Bernanke told Congress the central bank may cut the pace of bond ...

Since both Fannie Mae and Freddie Mac were put in government conservatorship during the housing and mortgage market crashes, they are required to pay all profits to the U.S. Treasury department in the form of dividends. Shareholders get nothing.

May 22 (Bloomberg) -- A commercial-mortgage bond rally that pushed values up as much as 25 percent this year is stalling as planned sales from Fannie Mae threaten to overwhelm investors. Prices on a Markit Group Ltd. CMBX index used as a gauge of ...

As a North Carolina congressman, Mel Watt has tried to arm struggling homeowners with a legal "sledgehammer" against lenders and expand the ranks of people eligible to cut their mortgage principal. Those positions help explain why President Barack ...

/PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its fifth Multifamily DUS® REMIC in 2013 totaling $1.02 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on May 16, 2013. "We saw strong demand in ...

Fannie Mae and Freddie Mac are exempt from Michigan's state and local real estate transfer taxes, an article in Bloomberg reports. A Michigan county sued both mortgage finance companies, arguing that a congressional authorized exemption from "all ...

Investors rushed in to purchase stock in mortgage giant Fannie Mae after it reported a quarterly profit of $50 billion last quarter. Fannie Mae common shares are now up more than 400 percent in the past three months, CNBC reports. But because Fannie ...

WATERFORD TOWNSHIP, MI -- Oakland County plans to appeal to the Supreme Court in its claim that Fannie Mae and Freddie Mac owe the county $1.5 million and the state $10.5 million in taxes. The U.S. 6th Circuit Court of Appeals on Monday ruled in ...