Nov 11th, 2008 · U.S. officials have lavished aid on Fannie Mae and AIG and neither company shows any signs of stabilizing. Meanwhile, the first $350 billion of the Treasury Department's TARP fund is largely committed and the government is yet to purchase its first mortgage-backed security.
Nov 11th, 2008 · Fannie Mae and Freddie Mac have announced new plans to expand and accelerate their loan-modification programs. Under the plan, the mortgage giants will speed up renegotiation on thousands of delinquent loans that they hold.
Oct 7th, 2008 · The credit crisis has moved from big institutions like Fannie Mae and Freddie Mac to smaller institutions like hospitals, colleges and non-profits. Rising interest rates are limiting their ability to expand, and they warn rising debt payments will cut into staff and services.
Sep 24th, 2008 · Billionaire Warren Buffett bet on a Wall Street revival by buying a $5 billion stake in Goldman Sachs. The move may be designed to help people feel more confident in the market. Also, the FBI says it's investigating Fannie Mae, Freddie Mac, Lehman Brothers and insurer AIG for potential mortgage fraud.
Sep 18th, 2008 · The Federal Reserve and the Treasury Department are involved in the takeover of Fannie Mae and Freddie Mac. The Fed is also the potential owner of American Insurance Group. Its capacity to handle the takeovers is examined.
Sep 15th, 2008 · U.S. stock prices are down sharply as investors digest the news of another major financial collapse on Wall Street. This weekend, the government decided not to help rescue Lehman Brothers, as it did Bear Stearns, Fannie Mae and Freddie Mac. As a result, it has filed for bankruptcy. Also Sunday, Merrill Lynch agreed to sell itself to Bank of America rather than suffer the same fate.
Sep 13th, 2008 · The government stepped in to help Bear Stearns and recently orchestrated a takeover of Fannie Mae and Freddie Mac. How far will the government go to rescue other firms like Lehman Brothers? Business journalist Joe Nocera talks with host Scott Simon about the moral and practical hazards.
Sep 11th, 2008 · Fannie Mae was able to raise $7 billion Wednesday without having to pay a big premium. Analysts call this an indication that the federal government's decision to take over the troubled mortgage company has helped the housing market.