Fannie Mae, Bailouts | featured news

The mortgage-finance company warned that foreclosure delays could lead to higher costs, as it asked the Treasury to provide a $2.5 billion infusion.

The total cost to rescue and then overhaul mortgage giants Fannie Mae and Freddie Mac could reach $685 billion, according to estimates by Standard & Poor's.

That figure, projected through 2013, represents a worst-case scenario that assumes a double-dip recession, the Federal Housing Finance Agency says. The finance giants have so far received about $148 billion in taxpayer funds.

Government-controlled mortgage finance giant says it will request $8.4B from taxpayers to stay afloat.

The total taxpayer bill for both Freddie Mac and Fannie Mae is now about $136 billion.

House lawmakers hold their first hearing about how to restructure the mortgage system.

Sixteen months after they were seized to prevent collapse, companies remain wards of the state, running a tab that has now exceeded $125 billion.

Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

Fannie Mae, operating under a federal conservatorship since September, asked the US Treasury for a $19 billion capital investment as a seventh straight quarterly loss drove the mortgage-finance company's net worth ...

The executive chosen to lead Fannie Mae through a government takeover has been tapped to oversee the $700 billion rescue of the ...