PhillyTablet Inquirer Daily News
Mobile
Home Delivery
philly.com
email
font size
comments
2
options
 
Tuesday, June 30, 2009

Fannie boosts home loans; losses rise, too

Fannie Mae's home loan portfolio zoomed to $790 billion in May, passing last year's record.
 

What happens when you lend more money in a weak economy? "Seriously delinquent" loans jumped to 3.42% in May, from 3.15% in April. Check Fannie's new data here. Loans on Page One, losses on Page Two.

They're backing more loans - which is what Obama wants - but more loans are going bad - not surprising in a slump - but plenty costly, since Fannie is backed by us taxpayers.
Posted by Joseph N. DiStefano @ 12:09 PM  Permalink | 2 comments
Comments   
  • Comment removed.
  • 0 like this / 0 don't   •   Posted 4:38 PM, 06/30/2009
    Shabba, when are you running for public office? You always criticize others and you clearly have the solution to every problem.
    — BigDawg13


2 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
Advertise Here