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Freddie Mac swings to $11bn profitUS mortgage finance giant Freddie Mac has posted a $11 billion annual profit for 2012, compared with a loss of $5.3 billion a year earlier. The government-controlled company, bailed out during the 2008 financial crisis, also repor More… |
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US takes steps to shore up Fannie, FreddieThe 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 More… |
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US govt may take over two top lendersThe 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 More… |
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Fannie, Freddie cleared to pump $200bn into marketThe 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 More… |
