Fannie Mae-No Politics (FNMA)

[Mikey Mike]

Good news! Too big will become a monster!

Fannie, Freddie Venture Has CEO Shortlist

http://online.wsj.com/news/articles/SB10001424052702303309504579185691612432528

"The Federal Housing Finance Agency last month said it had filed paperwork to create the new entity, ..."

http://www.bullfax.com/?q=node-fannie-freddie-venture-has-ceo-shortlist

Fri, 11/08/2013 - 10:36 EDT - WSJ

The regulator overseeing Fannie Mae and Freddie Mac has narrowed to a shortlist the candidates to head a new back-office join venture between the two companies.

Fannie, Freddie Masking Billions In Losses, Watchdog Finds

As is well-known by now, one of the main reasons why the Fed's hands are tied when it comes to the future of QE, is the dramatic drop in the US budget deficit which cuts down on the amount of monetizable gross issuance (read Treasurys) and for which a big reason is that the GSEs have shifted from net uses of government cash to net sources.
UBS Reaches $885 Million Settlement With US Regulator Alleging Bank Misrepresented Mortgage-Backed Bonds

WASHINGTON (Reuters) - A U.S. regulator on Thursday said it reached an $885 million settlement with UBS over allegations the bank misrepresented mortgage-backed bonds that were sold to Fannie Mae and Freddie Mac during the housing bubble.
The Fannie Mac Daddy: Fannie Freddie To Merge Select Operations

In what we are sure will be a BLS job creating moment, Fannie Mae and Freddie Mac will create a common platform for issuing MBS as they wind down operations and plan for a future in which the two companies no longer exist. Big is about to get bigger as Bloomberg reports, these two GOEs will start sharing risk with private financiers in the single-family loan market.
Fannie, Freddie Would Need Another $100 Billion From Taxpayers for Obama's Proposed Mortgage Writedowns; Obama Seeks Vote-Buying Opportunity; What's the Real Cost?

Fannie Mae and Freddie Mac have already cost US taxpayers over $200 billion. If Obama gets his way on mortgage writedowns, the GSEs estimate it would take another $100 billion. Since such estimates are always overly-optimistic by a factor of 3 to 10, I estimate the cost to taxpayers would be $300 billion minimum. Please consider Fannie, Freddie writedowns too costly: regulator
Are Fannie Mae and Freddie Mac Really Profitable? Really?

?As force is always on the side of the governed, the governors have nothing to support them but opinion. It is, therefore, on opinion that government is founded; and this maxim extends to the most despotic and the most military governments as well as to the most free and popular.? -- David Hume
Bank of America Clash with Fannie Mae Intensifies; Insurance Disputes Put Taxpayers On the Hook For Still More Losses

Taxpayers are already on the hook for $180 billion in losses at Fannie Mae and Freddie Mac. That number is going to rise, perhaps significantly. The clever synonym for more taxpayer losses is "treasury Advance". With that understanding, please consider Fannie Mae's Losses Narrow but Treasury Advance Requested.
Christmas Bonuses for Fannie and Freddie

The Obama administration tried to sneak this one under the radar by making it official on Christmas Eve. The Washington Post did a good job catching the story:
Fannie Mae, Freddie Mac end traditional pension plans

(Reuters) - Fannie Mae and Freddie Mac on Friday said they will terminate
5 Trillion Dollars More to Fix Fannie and Freddie?

Michael T. Snyder submits: Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) have become gigantic financial black holes that the U.S.

LONG LIVE FnF!