|
Federal Takeover Of Fannie Mae And Freddie Mac
In September 2008, the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis. The FHFA established conservatorships in which each enterprise's management works under the FHFA's direction to reduce losses and to develop a new operating structure that will allow a return to self-management. As of 2024, Fannie Mae and Freddie Mac remain under conservatorship, and after more than repaying their Treasury loans are building capital reserves for an expected eventual exit. Background and financial market crisis The combined GSE losses of US$14.9 billion and market concerns about their ability to raise capital and debt threatened to disrupt the U.S. h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Fannie Mae Headquarters
Fannie is a given name. Notable people with the name include: * Fannie Fern Andrews (1867–1950), American lecturer, teacher, social worker and writer * Fannie Barrios, Venezuelan bodybuilder * Fannie Birckhead (1935–2022), American community organizer, judge, and politician * Fannie Lee Chaney (1921–2007), American baker turned civil rights activist * Fannie Brackett Damon (1857–1939), American writer, magazine editor * Fannie Hardy Eckstorm (1865–1946), American writer, ornithologist and folklorist * Fannie Farmer (1857–1915), American culinary expert and author * Fannie Flagg (born 1944), American actress, comedian and author * Fannie Gaston-Johansson (1938–2023), American professor of nursing * Fannie Lou Hamer (1917–1977), American voting rights activist * Fannie Hillsmith (1911–2007), American cubist painter * Fannie Hurst (1885–1968), American novelist * Fannie Kauffman (1924–2009), Mexican comedian and actress * Fannie Heaslip Lea (1884–1955), Ameri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Federal Reserve Bank
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. The banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, and are divided as follows: Some banks also possess List of Federal Reserve branches, branches, with the whole system being headquartered at the Eccles Building in Washington, D.C. History The Federal Reserve Banks are the most recent institutions that the United States government has created to provide functions of a central bank. Prior institutions have included the First Bank of the United States, First (1791–1811) and Second Bank of the United States, Second (1818–1824) Banks of the United States, the Independent Treasury (1846–1920) and the National Bank Act, National Banking System (1863–19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
United States Congress
The United States Congress is the legislature, legislative branch of the federal government of the United States. It is a Bicameralism, bicameral legislature, including a Lower house, lower body, the United States House of Representatives, U.S. House of Representatives, and an Upper house, upper body, the United States Senate, U.S. Senate. They both meet in the United States Capitol in Washington, D.C. Members of Congress are chosen through direct election, though vacancies in the Senate may be filled by a Governor (United States), governor's appointment. Congress has a total of 535 voting members, a figure which includes 100 United States senators, senators and 435 List of current members of the United States House of Representatives, representatives; the House of Representatives has 6 additional Non-voting members of the United States House of Representatives, non-voting members. The vice president of the United States, as President of the Senate, has a vote in the Senate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Housing And Economic Recovery Act Of 2008
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value. It was intended to restore confidence in Fannie Mae and Freddie Mac by strengthening regulations and injecting capital into the two large U.S. suppliers of mortgage funding. States are authorized to refinance subprime loans using mortgage revenue bonds. Enactment of the Act led to the government conservatorship of Fannie Mae and Freddie Mac. Legislative history The Act was passed by the United States Congress on July 24, 2008 and signed by President George W. Bush on July 30, 2008. Subsequent amendments Some provisions of the law were modified by the American Recovery and Reinvestment Act of 2009 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
109th Congress
The 109th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives, from January 3, 2005, to January 3, 2007, during the fifth and sixth years of Presidency of George W. Bush, George W. Bush's presidency. House members were elected in the 2004 United States House of Representatives elections, 2004 elections on November 2, 2004. Senators were elected in three classes in the 2000 United States Senate elections, 2000 elections on November 7, 2000, 2002 United States Senate elections, 2002 elections on November 5, 2002, or 2004 United States Senate elections, 2004 elections on November 2, 2004. The apportionment of seats in the House of Representatives was based on the 2000 United States census. This is the most recent Congress to feature a Republican senator from Rhode Island, Lincoln Chafee, who lost re-election in 2006. The Republican Party (Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
John E
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died ), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (died ), one of the twelve apostles of Jesus Christ * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope John ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
John McCain
John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American statesman and United States Navy, naval officer who represented the Arizona, state of Arizona in United States Congress, Congress for over 35 years, first as a U.S. House of Representatives, Representative from 1983 to 1987, and then as a U.S. senator from Arizona, U.S. senator from 1987 until his death in 2018. He was the Republican Party (United States), Republican Party's nominee in the 2008 U.S. presidential election. McCain is a son of Admiral John S. McCain Jr. and grandson of Admiral John S. McCain Sr. He graduated from the U.S. Naval Academy in 1958 and Early life and military career of John McCain, received a commission in the U.S. Navy. McCain became a Naval aviator (United States), naval aviator and flew ground-attack aircraft from aircraft carriers. During the Vietnam War, he almost died in the 1967 USS Forrestal fire, 1967 USS ''Forrestal'' fire. While on a bombing mission during O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Elizabeth Dole
Mary Elizabeth Alexander Dole (née Hanford; born July 29, 1936)Mary Ella Cathey Hanford, "Asbury and Hanford Families: Newly Discovered Genealogical Information" ''The Historical Trail'' 33 (1996), pp. 44–45, 49. is an American attorney, author, and politician who served as a United States senator from North Carolina from 2003 to 2009. A member of the Republican Party, she previously served in five presidential administrations, including as U.S. Secretary of Transportation under President Ronald Reagan from 1983 to 1987 and as U.S. Secretary of Labor under Reagan's successor, George H. W. Bush, from 1989 until 1990. Dole then left government to serve as president of the American Red Cross from 1991 to 1999; she departed from that position to seek the Republican nomination in the 2000 presidential election, but eventually withdrew from the race. Dole graduated from Duke University in 1958 and earned a Juris Doctor degree from Harvard Law School in 1965. Throughout her ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Chuck Hagel
Charles Timothy Hagel ( ; born October 4, 1946)Biographical information on ex-Sen. Chuck Hagel Associated Press, published in ''The News-Times'', December 17, 2012. is an American politician and United States Army, Army veteran who served as the 24th United States Secretary of Defense, United States secretary of defense from 2013 to 2015 in the Presidency of Barack Obama, administration of Barack Obama. He previously served as chairman of the president's Intelligence Advisory Board from 2009 to 2013 and as a United States Senate, United States senator representing Nebraska from 1997 to 2009. A recipient of two Purple Hearts while an infantry squad leader in the Vietnam War, Hagel returned home to start c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Barney Frank
Barnett Frank (born March 31, 1940) is a retired American politician. He served as a member of the U.S. House of Representatives from Massachusetts from 1981 to 2013. A Democratic Party (United States), Democrat, Frank served as chairman of the House Financial Services Committee from 2007 to 2011 and was a leading co-sponsor of the 2010 Dodd–Frank Act. Frank, a resident of Newton, Massachusetts, was considered the most prominent gay politician in the United States during his time in Congress. Born and raised in Bayonne, New Jersey, Frank graduated from Bayonne High School, Harvard College and Harvard Law School. He worked as a political aide before winning election to the Massachusetts House of Representatives in 1972. He was elected to the U.S. House of Representatives in 1980 with 52 percent of the vote. He was re-elected every term thereafter by wide margins. In 1987, he publicly came out as gay men, gay, becoming the first member of Congress to do so voluntarily. From 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
108th Congress
The 108th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives from January 3, 2003, to January 3, 2005, during the third and fourth years of George W. Bush's presidency. House members were elected in the 2002 general election on November 5, 2002. Senators were elected in three classes in the 1998 general election on November 3, 1998, 2000 general election on November 7, 2000, or 2002 general election on November 5, 2002. The apportionment of seats in the House of Representatives was based on the 2000 United States census. This is the most recent Congress to have a Democratic senator from South Carolina, Fritz Hollings, who retired at the end of the Congress. Both chambers had a Republican majority, with the Republicans slightly increasing their edge in the House, and regaining control of the Senate, after party control had switched back ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
United States Senate Committee On Banking, Housing, And Urban Affairs
The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit, and government contracts. The current chair of the committee is Republican Tim Scott of South Carolina, and the Ranking Member is Democrat Elizabeth Warren of Massachusetts. History The committee is one of twenty standing committees in the United States Senate. The committee was formally established as the "Committee on Banking and Currency" in 1913, when Senator Robert L. Owen of Oklahoma sponsored the Federal Reserve Act. Senator Owen served as the committee's inaugural chairman. Jurisdiction In accordance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
