Thursday 24 July 2014
Fannie Mae

Saudi mulls $1.3bn Fannie Mae-style company

Saudi Arabia's central bank plans to launch a real estate refinancing company with SR5 billion ($1.3 billion) of capital to help develop the kingdom's mortgage market, local media quoted its governor as saying. The company


Saudi mulls Fannie Mae-style plan for housing

Saudi Arabia is studying draft regulations that could see the creation of a real estate refinancing company similar to US firm Fannie Mae, according to proposals published by the central bank this week. The regulations are part of lon


Saudi eyes US-style firm in home loan push

Saudi Arabia plans to set up a Fannie Mae-style company to buy mortgages from financial institutions and help develop national sukuk and debt markets, Saudi Arabia's finance minister said. The company would be formed in conjunction wit


Fannie Mae posts $23bn loss

Fannie Mae, the largest provider of funding for US home mortgages, yesterday said it lost $23.2 billion in the first quarter, sending it to the Treasury for a second time for capital to keep it afloat. The Washington-based company said its


US takes steps to shore up Fannie, Freddie

The United States on Sunday offered massive aid to Fannie Mae and Freddie Mac to bolster confidence in the mortgage finance giants and head off a potential meltdown in financial markets. The dollar jumped and stock futures rallied on the p


US govt may take over two top lenders

The US government is considering taking over top US mortgage lenders Fannie Mae and Freddie Mac and placing them into conservatorship if their problems worsen, the New York Times reported, citing people briefed about the plan. Under a cons


Fannie, Freddie cleared to pump $200bn into market

The regulator of Fannie Mae and Freddie Mac on Wednesday eased capital requirements for the two biggest housing finance agencies, allowing them to pump up to $200 billion into the distressed US mortgage market. The regulator, the Office of

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