Nov 5th, 2009 - Bloomberg
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Nov. 5 (Bloomberg) -- Fannie Mae, operating under a federalconservatorship, reached an agreement to sell about $2.6 billionin unused low-income housing tax credits to unidentified buyersand is waiting on the U.S. Treasury to approve the transaction.
The company entered an agreement prior to Sept. 30 to sellthe credits at a premium, Washington-based Fannie Mae said in afiling today with the Securities and Exchange Commission. FannieMae’s regulator, the Federal Housing Finance Agency, didn’tobject to the sale, the company said. The Treasury Departmenthasn’t given its approval yet, Fannie Mae said.
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US Treasury to block sale of Fannie Mae tax credits - WSJ
Nov 6th, 2009 - Reuters
(Changes source and dateline, adds comment, background) WASHINGTON , Nov 6 (Reuters) - The U.S. Treasury will blockthe sale of Fannie Mae tax credits to Goldman Sachs Group(GS.N) because the transfer would harm taxpayers...
Treasury to Block Fannie Sale of Tax Credits to Goldman Sachs
Nov 6th, 2009 - Wall Street Journal
The U.S. Treasury has blocked Fannie Mae's proposed sale of nearly $3 billion in low-income housing tax credits to Goldman Sachs Group Inc. and Berkshire Hathaway Inc...
Fannie's Draws From Emergency Treasury Fund Reach $60 Billion
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- Fannie Mae, the mortgage buyer seizedby regulators, plans to tap emergency U.S. capital for a fourthtime this year, bringing its draws of taxpayer money to $60billion as the company sees no immediate end to its losses.Fannie Awaits Treasury Approval of Tax-Credit Sale
Nov 5th, 2009 - Wall Street Journal
Fannie Mae said it reached an agreement to sell about $2.6 billion in unused low-income-housing tax credits to unnamed buyers and received approval for the deal from its federal regulator...
Fannie Mae Posts Loss, Plans to Sell Tax Credits
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Fannie Mae, the mortgage-financecompany under federal control, said it will seek $15 billion inU.S. Treasury aid and sell $2.6 billion in unused tax creditsafter posting its ninth straight quarterly loss.
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