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A collection of news and information related to Federal Bailout Funds published by this site and its partners.

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    May 9, 2013 |Story| Los Angeles Times

  1. Fannie Mae to pay U.S. $59.4 billion after record quarterly profit

    WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year.
    WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year. The fortunes of the company, which is 80% owned by taxpayers...

    Tags: Finance, Financial and Business Services, Freddie Mac, Fannie Mae, Economy, Business and Finance

    2. Apr 22, 2013 |Story| Los Angeles Times

  2. Foreclosure-relief funds earmarked for California mostly unspent

    A federal foreclosure-prevention effort that earmarked nearly $2 billion in taxpayer money to help troubled California homeowners has delivered only about one-sixth of that money in three years.
    A federal foreclosure-prevention effort that earmarked nearly $2 billion in taxpayer money to help troubled California homeowners has delivered only about one-sixth of that money in three years. But officials from the Keep Your Home California program...

    Tags: Finance, Financial and Business Services, Mortgages, Foreclosures, U.S. Department of the Treasury

    3. Apr 22, 2013 |Story| Los Angeles Times

  3. Keep Your Home California relief still slow but picking up steam

    A federal foreclosure-prevention effort that earmarked nearly $2 billion to help troubled California homeowners has delivered only about one-sixth of those funds during its three years in existence. The pace of assistance is finally accelerating,...

    Tags: Finance, Financial and Business Services, Mortgages, U.S. Department of the Treasury, Bank of America Corp.

    4. Apr 10, 2013 |Story| Los Angeles Times

  4. FHA may need $943-million bailout

    WASHINGTON — The Federal Housing Administration helped stabilize the real estate market after the subprime bubble and lay the groundwork for the recovery — and now the bill for taxpayers might be coming due.
    WASHINGTON — The Federal Housing Administration helped stabilize the real estate market after the subprime bubble and lay the groundwork for the recovery — and now the bill for taxpayers might be coming due. The Obama administration's...

    Tags: Finance, Real Estate, Mortgages, Marketing, Services and Shopping

    5. Apr 2, 2013 |Story| Los Angeles Times

  5. Rescued Fannie Mae posts record profit as housing market rebounds

    WASHINGTON -- Bailed-out Fannie Mae on Tuesday reported a record $17.2 billion profit for 2012, driven by the housing-market recovery and a big settlement with Bank of America related to soured mortgages during the subprime boom.
    WASHINGTON -- Bailed-out Fannie Mae on Tuesday reported a record $17.2 billion profit for 2012, driven by the housing-market recovery and a big settlement with Bank of America related to soured mortgages during the subprime boom. The housing finance...

    Tags: Finance, Countrywide Financial Corp., Mortgages, Banking, Bank of America Corp.

    6. Mar 27, 2013 |Story| Los Angeles Times

  6. Message to Russian oligarchs: Your money's just as safe at home

    It’s been a rough week for Russian oligarchs, with the apparent suicide of exiled Kremlin critic Boris Berezovsky as well as a Eurozone rescue of Cyprus expected to come largely at the expense of Russian high rollers who stashed their wealth in the island’s now insolvent banks.
    It’s been a rough week for Russian oligarchs, with the apparent suicide of exiled Kremlin critic Boris Berezovsky as well as a Eurozone rescue of Cyprus expected to come largely at the expense of Russian high rollers who stashed their wealth in...

    Tags: Brookings Institution, Finance, Carnegie Endowment for International Peace, Cyprus, Russia

    7. Mar 22, 2013 |Story| Los Angeles Times

  7. Cyprus scrambles to put together bailout package

    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating default.
    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating...

    Tags: Cypriot Banking Crisis (2013), Finance, Politics, European Union, Nicos Anastasiades

    8. Mar 20, 2013 |Column| Orlando Sentinel

  8. The Cyprus confusion

    WASHINGTON -- Logically, what happens in Cyprus should stay in Cyprus. With a population of just over 1 million and an economy that's a mere 0.2 percent of the 17-nation eurozone, the country seems too small to matter on the world stage. Yet, that's where...

    Tags: Economic Indicator, Cypriot Banking Crisis (2013), Angela Merkel, Finance, Banking

    9. Mar 17, 2013 |Story| Los Angeles Times

  9. Cyprus postpones vote on controversial bailout package

    ATHENS – Cyprus’ parliament has pushed back debate of a controversial bailout that would force savers to pay a levy of up to nearly 10% on bank deposits in exchange for a $13-billion international aid package to avert a chaotic government default.
    ATHENS – Cyprus’ parliament has pushed back debate of a controversial bailout that would force savers to pay a levy of up to nearly 10% on bank deposits in exchange for a $13-billion international aid package to avert a chaotic government...

    Tags: Politics, European Union, West Bank, Cyprus, International Monetary Fund

    10. Feb 25, 2013 |Story| Los Angeles Times

  10. Treasury starts selling remaining General Motors stock

    WASHINGTON -- The Treasury Department has begun selling the rest of its stake in General Motors Co. as the government tries to end its bailout of the automaker in a little more than a year.
    WASHINGTON -- The Treasury Department has begun selling the rest of its stake in General Motors Co. as the government tries to end its bailout of the automaker in a little more than a year. Last month, the Treasury sold about $156.4 million worth of its...

    Tags: General Motors Corp., Automotive Equipment, U.S. Department of the Treasury, Manufacturing and Engineering

    11. Feb 10, 2013 |Story| Herald Mail

  11. Public-private partnerships have risks

    Those enamored with the idea of public-private partnerships, such as the one being discussed for the Washington County Economic Development Commission, might pay close attention to the county’s ultimate public-private partnership: The one it shares with the county’s 27 — now 26 — emergency service departments.
    Those enamored with the idea of public-private partnerships, such as the one being discussed for the Washington County Economic Development Commission, might pay close attention to the county’s ultimate public-private partnership: The one it...

    Tags: Company Privatization, The Herald-Mail

    12. Jan 24, 2013 |Story| Daily American

  12. Somerset County municipalities learn how to apply for disaster relief funds

    Daily American Staff Writer
      Although Hurricane Sandy's devastation was mild in Somerset County compared with the storm-ravaged Eastern Seaboard, federal assistance appears to be on the way for several local municipalities and agencies.   Representatives from 12 local...

    Tags: Hurricane Sandy (2012), FEMA, Somerset County (Pennsylvania), Tom Corbett

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