Fannie Mae says it doesn’t need taxpayer aid

Posted by metaahahahah on May 10, 2012 at 6:26 am | Filled Under: musing| No comments

Jonathan Ernst / Reuters

A general view of Fannie Mae headquarters in Washington March 30, 2012.

By Patrick Rizzo

Something happened in the first quarter?at government-run mortgage giant Fannie Mae (FNMA) that hasn’t happened since 2008: it didn’t ask for a taxpayer handout.

Fannie Mae reported a $2.7 billion first-quarter profit Wednesday, versus a net loss in the same quarter last year of $6.5 billion. The company’s comprehensive income of $3.1 billion?was enough?for Fannie Mae to pay the government a first-quarter dividend of $2.8 billion for its stake in the mortgage company.

Fannie Mae has been requiring taxpayer help to stay afloat since the third quarter of 2008, when the government took over Fannie Mae and its sister company Freddie Mac amid the financial crisis.

“The significant improvement in the company?s financial results in the first quarter of 2012 was due primarily to lower credit-related expenses, resulting from a less significant decline in home prices, a decline in the company?s inventory of single-family real estate owned (?REO?) properties coupled with improved REO sales prices, and lower single-family serious delinquency rates,” Fannie Mae said in a statement.

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The Hornster – World’s Loudest Bike

Posted by metaahahahah on May 10, 2012 at 2:11 am | Filled Under: musing| No comments

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Knowledge Backup ? A vital Element In Net Hosting …

Posted by metaahahahah on May 10, 2012 at 12:07 am | Filled Under: musing| No comments

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Do You Notice the Logo or the Name of These Brands? [Art]

Posted by metaahahahah on May 9, 2012 at 6:59 am | Filled Under: musing| No comments


Paul wins majority of delegates from Maine GOP (The Arizona Republic)

Posted by metaahahahah on May 7, 2012 at 3:03 am | Filled Under: musing| No comments

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Mobile Miscellany: week of April 30th, 2012

Posted by metaahahahah on May 7, 2012 at 3:02 am | Filled Under: musing| No comments

Mobile Miscellany: week of April 30th, 2012

Not all mobile news is destined for the front page, but if you’re like us and really want to know what’s going on, then you’ve come to the right place. This past week, we saw the first rollout of Verizon LTE from one of its rural partners, and both the Optimus L7 and Xperia U were spotted for Fido. These stories and more await after the break. So buy the ticket and take the ride as we explore the “best of the rest” for this week of April 30th, 2012.

Continue reading Mobile Miscellany: week of April 30th, 2012

Mobile Miscellany: week of April 30th, 2012 originally appeared on Engadget on Sat, 05 May 2012 21:30:00 EDT. Please see our terms for use of feeds.

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