Fannie taps lifeline after $59B in losses
Hammered by the ailing housing market, mortgage finance giant Fannie Mae said Thursday it would tap its lifeline from the Treasury Department after reporting $58.7 billion in losses for 2008.
Following the money in the Wall Street shakeout? Start here.
OpenSecrets.org has many, many resources for anyone interested in following the money as Washington policymakers continue to craft and implement their solutions to the floundering economy. Here’s a guide to what we at the Center for Responsive Politics have for you online:
Overviews of federal campaign contributions and lobbying by the finance, insurance and real estate [...]
New Fannie, Freddie rules on the way
The federal regulator of Fannie Mae and Freddie Mac will set new rules early next week governing the mortgage finance companies’ portfolios, which play a crucial role in the nation’s housing market.