1Perry
Banned
- Joined
- Jun 26, 2011
- Messages
- 7,624
- Reaction score
- 1,859
- Gender
- Male
- Political Leaning
- Libertarian
I'll ask again, why are we not forcing these fraudulent loans back on to those who sold them in the first place?
WASHINGTON - Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.
The largest U.S. residential mortgage funds provider on Friday also reported a second-quarter net loss attributable to common shareholders of $5.2 billion, or 90 cents per share.
Including the latest funding request, Fannie Mae has needed $104 billion in government capital injections since the U.S. Treasury seized control of it in 2008 during the financial crisis. Fannie Mae has paid back $14.7 billion in dividends.
$104 billion and who has been held accountable?
News Headlines
Loans made in the past two years have been more profitable for Fannie Mae than loans made during the housing boom in preceding years.
Imagine that.
WASHINGTON - Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.
The largest U.S. residential mortgage funds provider on Friday also reported a second-quarter net loss attributable to common shareholders of $5.2 billion, or 90 cents per share.
Including the latest funding request, Fannie Mae has needed $104 billion in government capital injections since the U.S. Treasury seized control of it in 2008 during the financial crisis. Fannie Mae has paid back $14.7 billion in dividends.
$104 billion and who has been held accountable?
News Headlines
Loans made in the past two years have been more profitable for Fannie Mae than loans made during the housing boom in preceding years.
Imagine that.