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Pressured to Take More Risk, Fannie Reached Tipping Point

Oct. 5, 2008
A decision, made under pressure from Congress and investors, to steer Fannie Mae into dangerous corners of the mortgage market proved to be disastrous.
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WASHINGTON, Dec. 4 (UPI) -- The U.S. Treasury Department is considering direct intervention in the mortgage industry to drive down costs and lift the market, officials said.

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WASHINGTON, Nov. 14 (UPI) -- The Federal Home Loan Mortgage Co. said it had requested $14 billion in federal aid after posting third-quarter losses of $25.3 billion.
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WASHINGTON, Sept. 27 (UPI) -- Mortgage giant Freddie Mac was quickly shedding mortgages in an effort to raise cash when it was seized by the U.S. government, new figures show.
U.S. markets end week mixed

U.S. markets end week mixed

NEW YORK, Sept. 12 (UPI) -- U.S. stock indexes closed mixed Friday at the end of a week that saw the government takeover of Fannie Mae and Freddie Mac.
Obama, McCain have ties to Fannie, Freddie

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Federal bailout increases USA's risk

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Banks warily watch Freddie, Fannie bailout

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Bush: Fannie, Freddie action stabilizing

Bush: Fannie, Freddie action stabilizing

WASHINGTON, Sept. 8 (UPI) -- The U.S. government's takeover of Freddie Mac and Fannie Mae isn't a bailout, President George Bush said Monday, but a stabilization.

U.S. takes over Fannie Mae, Freddie Mac

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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler