Subprime lending execs back in business five years after crash

By Daniel Wagner

Executives from all of the top 25 subprime lending firms are working in the mortgage business five years later.

Excerpts from this story referencing "Freddie Mac":

"… meet the standards of government-backed mortgage companies Fannie Mae and Freddie Mac. Carrington Holding Co., for example, will lend to borrowers with credit …"

"… high-level risk management executive at Countrywide, Washington Mutual and Freddie Mac before the crisis. Rossi got his start during the savings and loan debacl …"

"… y’s name is so similar to those of government-controlled mortgage giants Freddie Mac and Fannie Mae that regulators forced PennyMac to add a disclaimer to its …"

Bear Stearns mortgage executives have plum jobs on Wall Street

By Lauren Kyger and Alison Fitzgerald

Executives from the mortgage finance division that helped sink Bear Stearns have similar jobs at major Wall Street banks.

Excerpts from this story referencing "Freddie Mac":

"… nce Agency, which oversees government-owned mortgage giants Fannie Mae and Freddie Mac.  They are among dozens of people and companies named in the lawsuit. …"

"… ion worth of residential mortgage-backed securities sold to Fannie Mae and Freddie Mac, according to documents included in the FHFA lawsuit. “Defendants false …"

Yellen as Fed chair would be tougher on banks

By Alison Fitzgerald

Janet Yellen, President Obama’s intended nominee for Federal reserve chief, may prove to be tougher on banks.

Excerpts from this story referencing "Freddie Mac":

"… MC in June of that year. She said such loans could threaten Fannie Mae and Freddie Mac, the housing finance giants that were taken over by the U.S. government in …"

Mel Watt enjoys close ties to financial industries

By Alison Fitzgerald

Bank leaders, PACs made prospective housing agency leader a top recipient of campaign cash.

Excerpts from this story referencing "Freddie Mac":

"… rack Obama has appointed to oversee mortgage finance giants Fannie Mae and Freddie Mac has received more campaign money from financial interests than any other i …"

"… meowners at risk of default to stay in their houses.  Fannie Mae and Freddie Mac buy and securitize about 90 percent of all new mortgages in the U.S. and g …"

"…           Fannie Mae’s and Freddie Mac’s PACs contributed $11,500 to Watt’s campaign from 2004 until their 20 …"

Top 5 super PAC donors by industry

Investing, casinos top list thanks to billionaires' donations.

Excerpts from this story referencing "Freddie Mac":

"… ts to preserve the mortgage interest deduction, restructure Fannie Mae and Freddie Mac and raise the cap for credit union lending and Fannie- and Freddie-backed …"

Daily Disclosure: Realtors spend big on California race

By Rachael Marcus

National Association of Realtors backs Rep. Brad Sherman in a big way

Excerpts from this story referencing "Freddie Mac":

"… s of interest to realtors, including disaster insurance and Fannie Mae and Freddie Mac.Sherman sponsored a bill in 2011 to amend the Flood Insurance Reform Act, …"

Bailed-out banks, Freddie Mac, AIG gave $6 million to 2008 conventions

By John Dunbar and Michael Beckel

Corporate donors to 2008 party conventions included financial institutions bailed out by government.

Excerpts from this story referencing "Freddie Mac":

"… at won’t be giving this time around — American International Group and Freddie Mac.The two institutions together gave $1 million to the Republican convention …"

"… would eventually sink $71 billion into the insurance giant. Mortgage buyer Freddie Mac gave $250,000 to both committees. Three days after the close of the Republ …"

Dissent among Republicans over defense spending

By Aaron Mehta

Grover Norquist opposes Romney plan to increase the military budget

Excerpts from this story referencing "Freddie Mac":

"… e decided to occupy Iraq and Afghanistan rather than reform Fannie Mae and Freddie Mac. That had tremendous consequences.”Mitt Romney, in contrast, has called …"

Report: Countrywide won influence with discounts

By The Associated Press

Subprime lender Countrywide bought influence of Washington elite with mortgage discounts

Excerpts from this story referencing "Freddie Mac":

"… ns of pieces of legislation that would have reformed Fannie" and its rival Freddie Mac, the committee said.Some of the discounts were ordered personally by forme …"

Watchdog groups call on Newt Gingrich to disclose all health center clients

By Fred Schulte and Joe Eaton

Public interest groups demand health center's client list

Excerpts from this story referencing "Freddie Mac":

"… ontract that paid $25,000 a month for services to troubled mortgage holder Freddie Mac, and has insisted nothing he did there constituted lobbying. But Romney ha …"

Raging against the foreclosure machine

Automated foreclosure process creates errors, stifles modifications and enrages helpless homeowners

Excerpts from this story referencing "Freddie Mac":

"… nders.Most home loans are bought by Wall Street banks or by Fannie Mae and Freddie Mac, bundled together and placed into pools of 5,000 or more. They are then sl …"

"… had assessed on one occasion and $45 on three other dates. Fannie Mae and Freddie Mac servicing guidelines (page 301-2) say that payments on loans made after 19 …"

Gingrich's health center was power player in a host of Washington policy debates

By Fred Schulte and Joe Eaton

Gingrich's Center for Health Transformation was power player on host of issues

Excerpts from this story referencing "Freddie Mac":

"… ontract that paid $25,000 a month for services to troubled mortgage holder Freddie Mac, and has insisted nothing he did there constituted lobbying. But Romney ha …"

"… .”While much of the controversy has swirled around Gingrich’s work for Freddie Mac, the for-profit Center for Health Transformation signed up hundreds of hea …"

FactCheck.org's guide to the New Hampshire debates

By FactCheck.Org

FactCheck.org lays out the busy weekend for Republican presidential candidates leading up to N.H. primary

Excerpts from this story referencing "Freddie Mac":

"… hand, Gingrich did not earn “$30,000 an hour” as a consultant to Freddie Mac. His consulting firm earned $25,000 to $30,000 a month from the …"

Fraud and folly: The untold story of General Electric’s subprime debacle

By Michael Hudson

High-paid employees of fraud-plagued, GE-owned WMC Mortgage included ex-porn star, strippers

Excerpts from this story referencing "Freddie Mac":

"… as investment properties. GE denies the allegations, and insists that Freddie Mac, which invested in the securities, made out well on the deals.On the recor …"

FACT CHECK: White House brings partisan slant into payroll tax explainer

By FactCheck.Org

In a new explainer video, White House displays ‘Washington Monument syndrome’

Excerpts from this story referencing "Freddie Mac":

"… of the current rate of $85,000, increasing fees charged by Fannie Mae and Freddie Mac to some lenders, reducing unemployment benefits, and freezing federal pay …"

Pro-Romney group trashes Gingrich in new ad

By Aaron Mehta and Peter H. Stone

An outside spending group that supports Mitt Romney produces slick ad slamming Iowa poll leader Gingrich

Excerpts from this story referencing "Freddie Mac":

"… $300,000 for ethics violations while in Congress; taking $1.6 million from Freddie Mac just before "it helped" cause the financial meltdown; and accepting $ …"

Gingrich ventures took in more than $105 million over a decade's time

By Peter H. Stone

Proceeds from various ventures added up to more than $105 million

Excerpts from this story referencing "Freddie Mac":

"… sulting services. The Gingrich Group also had many other clients including Freddie Mac, which paid it almost $2 million for several years of consulting work.Some …"

FACT CHECK: GOP candidates misstate taxes and federal government pay

By FactCheck.Org

Republican debate featured mistakes on how many people pay taxes and how much they spend on tax prep

Excerpts from this story referencing "Freddie Mac":

"… percent, or taxes increased, unless Congress acts beforehand.Gingrich and Freddie MacGingrich defended his lobbying for the Federal Home Loan Mortgage Corporati …"

"… h defended his lobbying for the Federal Home Loan Mortgage Corporation (“Freddie Mac”) by saying he merely advised the agency that history would prove its po …"

"… nvestigative article by AP reporter Pete Yost stated:The AP, Dec. 8, 2008: Freddie Mac enlisted prominent conservatives, including Gingrich and former Justice De …"

"… records.Gingrich talked and wrote about what he saw as the benefits of the Freddie Mac business model.We’ll leave it to readers to judge whether Gingrich was h …"

Obama housing plan gets faint praise

The president outlined a new plan to help homeowners, GOP presidential candidates rely on free market

Excerpts from this story referencing "Freddie Mac":

"… e worth.HARP allows borrowers with loans owned or insured by Fannie Mae or Freddie Mac to apply for an interest rate reduction.While the plan to expand HARP is n …"

"… e first half of 2010 saved on average $125 to $150 each month according to Freddie Mac.The Republican candidates for president said at a debate in Las Vegas last …"

"… .To qualify for the expanded HARP program, the home must have been sold to Freddie Mac or Fannie Mae on or before May 31, 2009. The borrower must be current on t …"

GOP candidates in foreclosure capital say government not the solution to crisis

By Michael Hudson

Republican candidates in Nevada say foreclosure mess will go away if government stays out of it

Excerpts from this story referencing "Freddie Mac":

"… the housing crisis on government-chartered mortgage giants Fannie Mae and Freddie Mac, which have been taken over by the government and bailed out by taxpayers. …"

"… ublicans in the U.S. House of Representatives, has said: “Fannie Mae and Freddie Mac were the main cause of the nation’s current financial turmoil.” The fe …"

Mortgage industry tanks, fraud continues at Countrywide

By Michael Hudson

As the mortgage industry melted down, fraud investigator kept up the pressure, soon lost her job

Excerpts from this story referencing "Freddie Mac":

"… ng Finance Agency, which oversees mortgage investing giants Fannie Mae and Freddie Mac, has filed massive lawsuits charging that Countrywide, Bank of America and …"

Obama's new plan for underwater mortgages may be too little too late

By Michael Hudson

Obama orders Fannie and Freddie to work with borrowers; earlier programs helped only a few

Excerpts from this story referencing "Freddie Mac":

"… e president’s economic team to work with government-owned Fannie Mae and Freddie Mac, along with banks and regulators, to “help more borrowers benefit from t …"

"… r, by keeping borrowers in their homes and reducing risk to Fannie Mae and Freddie Mac,” the fact sheet says. Consumer advocates and lawyers representing home …"

"… available for borrowers whose home is owned or guaranteed by Fannie Mae or Freddie Mac. To qualify, a homeowner must have made a year’s worth of payments no mo …"

Investor protections imperiled by Wall Street, GOP assault on financial reform

By John F. Wasik

Wall Street and GOP assault consumer protections in Dodd-Frank reforms

Excerpts from this story referencing "Freddie Mac":

"… l markets and government-sponsored housing enterprises like Fannie Mae and Freddie Mac. The subcommittee’s chairman, Republican Scott Garrett of New Jersey, o …"

Borrower Nightmares: Disabled homeowner alleges broker, bank sold her mortgage she couldn’t afford

By Ben Hallman

Queens woman fights foreclosure on her childhood home

Excerpts from this story referencing "Freddie Mac":

"… e those licenses. The bank also said it confirms that brokers are not on a Freddie Mac “exclusionary list.”  "These brokers are not agents of the bank …"

As housing crisis festers, mortgage servicers spend $8 million on political contributions

By Michael Hudson and Aaron Mehta

Mortgage servicers pony up $8 million in political donations as housing crisis festers

Excerpts from this story referencing "Freddie Mac":

"… ercent for the week ending Aug. 4, according to a survey by mortgage giant Freddie Mac.What’s holding back the housing market, Carliner said, is a glut of avai …"

2012 election + weak housing market = new White House policies?

By Shirley Gao and Julie Vorman

The fast-approaching 2012 election has the Obama administration eyeing new policies to breathe life into housing market

Excerpts from this story referencing "Freddie Mac":

"… urnal reports.Policy options include having mortgage giants Fannie Mae and Freddie Mac relax their lending rules to investors; allowing investors to purchase exc …"

Consumer advocate Warren returns to ring for more sparring with GOP-led panel

By Julie Vorman

Elizabeth Warren returns to GOP-led hearing for more sparring over consumer agency

Excerpts from this story referencing "Freddie Mac":

"… uld eliminate a government-sponsored enterprise charter for Fannie Mae and Freddie Mac, and would also limit legal fees paid by Fannie and Freddie to defend form …"

Financial reform this week: How to handle a Too Big To Fail bank near collapse

By Julie Vorman

FDIC panel tackles tools needed to dismember biggest banks

Excerpts from this story referencing "Freddie Mac":

"… Employees’ Retirement System (CalPERS), Glass, Lewis & Co. LLC, and Freddie Mac.Panel member Anat Admati of Stanford University recently rallied other inf …"

As Fannie, Freddie flounder, six top execs receive handsome rewards

By John Solomon and Julie Vorman

Obama administration approves $34 million in compensation without market analysis of executive pay

Excerpts from this story referencing "Freddie Mac":

"… ation to the top six executives of the financially troubled Fannie Mae and Freddie Mac mortgage giants while lacking basic protections to ensure such compensatio …"

"… Senate last year to watch over federal housing programs. “Fannie Mae and Freddie Mac have received almost $154 billion in taxpayer funding to support the still …"

"… n package of $4.5 million for the two years, the inspector general said.At Freddie Mac, Chief Executive Charles Haldeman had a two-year compensation package tota …"

Financial reform this week: Will SEC's final whistleblower rule require first filing internal complaint?

By Julie Vorman

Your guide to Dodd-Frank law deadlines, hearing and events for the week of May 23

Excerpts from this story referencing "Freddie Mac":

"… ring on the future of housing finance and what will replace Fannie Mae and Freddie Mac. Testifying will be executives with the National Association of Realtors a …"

"… transparency and transition issues with housing finance as Fannie Mae and Freddie Mac are phased out.  Begins 1400 ET and will be webcast.Derivatives clear …"

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