| Mandatory Loan Commitment Speedbump?; GSE Earnings; Interest Only Loans a Thing of the Past; More on HUD, RESPA, and the GFE |
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| Monday, 01 March 2010 08:14 |
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Will Fannie be receiving a refund? Fannie Mae reported a $72 billion net loss for 2009, $15 billion in the 4th quarter, and greater than the $59 billion the company lost in 2008. Fannie said it asked the U.S. Treasury for another $15.3 billion to stay afloat, bringing its total bailout tab past $76 billion. (Freddie Mac lost $6.5 billion in the 4th quarter and almost $22 billion for the year, but didn't ask for more bailout cash.)
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