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Are Freddie And Fannie Insolvent? - Page 7

Bank of America said on Monday it will pay Fannie Mae $3.6 billion to settle claims related to the sale and delivery of certain residential mortgage loans. As part of the agreement, BofA will also repurchase for $6.75 billion certain residential mortgage loans sold to Fannie Mae that the bank has valued at less than the purchase price. Ref. USAToday

Insolvent Fannie Freddie Are

Freddie Mac: Economic Outlook going from Gloom to Bloom

Freddie Macs senior economists Frank E. Nothaft and Leonard Kiefer said in the company's March Outlook that "The continued strengthening of the economy has brought good news for housing Ref. Source 3

Are Freddie And Fannie Insolvent? History & Civil Business Politics

JPMorgan has agreed to pay $5.1 billion to Fannie Mae and Freddie Mac to resolve claims stemming from the housing bubble, federal housing regulators announced.

The bank has also been in talks with the Justice Department and other government officials over another potential settlement based on similar claims. That settlement will likely be even more expensive for the bank.

At issue are claims that JPMorgan sold risky mortgages and mortgage securities while misrepresenting their quality. Ref. CNN

Page 7 Insolvent Fannie Freddie Are

Fannie Offers REO Incentives to Owner Occupants

Starting tomorrow Fannie Mae will offer some homebuyers a special incentive to purchase through its HomePath program which the company uses to market foreclosed properties. There are ... Ref. Source 7

Insolvent Fannie Freddie Are

Fannie Mae and Freddie Mac announce initiative to help Americans buy a home or obtain mortgage. New programs will provide assistance with down payments, credit scores, mortgage insurance premiums and more. These reforms are aimed at helping disadvantaged communities become homeowners and making sure homebuyers of color stay owners. Source 1p.