If there's such a thing as too big to fail, no one qualifies more clearly than Fannie Mae and Freddie Mac. Unfortunately, splitting them up won't get government out of the loan guarantee business. Smaller companies in the subprime industry...
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Photographer: Andrew Harrer/Bloomberg
An anti-foreclosure demonstration outside Fannie Mae headquarters.
Fannie and Freddie, the $5 Trillion Gorillas the U.S. Just Can’t Kill
Photographer: David Calvert/Bloomberg
The tracks in the Nevada snow? Underwater homeowners walking away from their homes.
Five Years Late, Walkaways Get a $133 Break
Under new rules, Fannie and Freddie won't try to collect "deficiency judgement," pursuing home owners for the remaining debt on houses they've walked away from. Sounds like a generous move. It's not.
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Photographer: Alessia Pierdomenico/Bloomberg
There's no bucket in the world big enough to fill the sea of mortgage losses.
Billions of Dollars Paid, Still a Drop in the Mortgage Bust Ocean
Is Bank of America's settlement with Fannie Mae fair? Depends on how you count the cost of the mortgage bust. The press concentrates on liar's loans, subprime teaser rates, and sleazy fees. But the whole is more than the sum...
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