Fannie Defenders Miss the Point
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The ousted Fannie Mae (FNM:NYSE - news - research) CEO began his self-defense as soon as he stepped down from the company Tuesday evening, with a statement reiterating his view that, under him, Fannie had &quot;always made good faith efforts to get its
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Fannie Mae&#39;s accounting scandal is already provoking louder calls for stronger regulation of the mortgage-investment company and clearer financial reporting.
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Alan Greenspan, when chairman of the Federal Reserve, brushed off an idea to boost scrutiny of subprime mortgage lenders, a former Fed governor told the Wall Street Journal.
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By Nancy Bowman Staff Writer  TIPP CITY -- Property owners whose proposal to build housing just west of Interstate 75 was shot down by the city hope a new development concept gets a more "friendly" response.
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Investors' expectations of an interest rate cut -- and home buyers' hopes for cheaper mortgages -- seem to be disappearing.
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The congressional Republicans, in changing rules to protect Tom DeLay, were criticized as hypocritical. Such criticism was not founded on all the facts and ignores the reason for the change.
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Readers defend the profit motive, are skeptical of a government subsidized media and remind us that magnets break down.
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The market spurns them, but CAPS' best investors think otherwise.
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Brooklynâs Foreclosure Prevention Project has been so inundated with calls from those in trouble with mortgage bills that it had to stop taking them.
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The vaunted political and financial skills of Fannie Mae Chief Executive Franklin Raines may not be enough to save him professionally after a scathing regulatory report last week detailed pervasive accounting lapses at the mortgage finance company.
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Three House Financial Services subcommittee chairmen yesterday called on Fannie Mae to answer allegations  that the company failed to blow the whistle on a mortgage fraud scam and accepted $6.5 million that it knew had been swindled from a government agency.
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Will low-income families become innocent victims of the crackdown on Fannie Mae (FNM )? After all, one of Fannie&#39;s official missions is to increase the rate of homeownership by expanding the pool of capital available for mortgage loans.
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There's a marketing blitz underway aimed at the homeowner in denial -- the one missing mortgage payments, dodging calls from the lender and hoping for the best.
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The National Association of Realtors is still talking out of both sides of its mouth.
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Though Fannie Mae and Freddie Mac have been arguing that they should be granted authority to buy more mortgages to help ease a credit crunch, data released by the companies this week show that they haven't been using the authority they already possess.
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One of the problems with trying to have a rational discussion about taxes is that so many people want to believe what's convenient rather than what's accurate. Believing, after all, requires so much less effort than thinking.
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Why this familiar financial rule-of-thumb falls very, very short.