Fannie Mae to pay Treasury $5.5 billion after profit doubles

Published: Friday, February 17, 2017 @ 8:14 AM
Updated: Friday, February 17, 2017 @ 8:13 AM


            Fannie Mae to pay Treasury $5.5 billion after profit doubles

Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter.

The government-controlled mortgage company has already paid the Treasury $154.4 billion in dividends since receiving $116.1 billion in government bailouts between 2008 and 2011. Fannie Mae's sibling Freddie Mac, which was also rescued by the government during the recession, said Thursday that it would pay the Treasury a $4.5 billion dividend next month after its profit soared.

Both companies buy mortgages from lenders, package them as bonds, guarantee them against default and sell them to investors. They do not make loans to homebuyers directly.

Fannie Mae said it had net income of $5.04 billion in the fourth quarter, up from $2.5 billion in the same period a year ago.

For all of 2016, The Washington, D.C., company reported net income of $12.31 billion, up from $10.95 billion in 2015.

'I remember when you got arrested': George W. Bush embarrasses daughter on live TV

Published: Monday, February 27, 2017 @ 3:50 PM
Updated: Monday, February 27, 2017 @ 5:35 PM


            'I remember when you got arrested': George W. Bush embarrasses daughter on live TV

While stopping by the set of the “Today” show, former President George W. Bush teased his daughter on live television.

>> Read more trending stories  

Jenna Bush Hager sat down with her father and Kathie Lee Gifford on Monday morning, and the former president answered questions about his time in the White House. He also poked fun at his daughter.

“Do you watch Jenna on the show every day?” Gifford asked, to which Bush responded with a curt “No.”

“Dad, you're supposed to say, ‘Yes,’” Jenna Bush Hager joked. 

“Has she ever said anything where you said, ‘I’m going to get that girl!?’” Gifford asked.

“No. That all happened when she was a teenager,” President Bush said.

Then, to his daughter’s horror, he brought up the time the former first daughter was arrested.

“I remember when you got arrested for a fake ID,” he said, laughing.

Bush said he is very proud of his daughter. 

Watch the video below:

WATCH: George W. Bush dishes on if he watches Jenna Bush Hager in the mornings and that one time he passed out from choking on a pretzel…

Posted by Kathie Lee and Hoda on Monday, February 27, 2017

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George W. Bush, Jenna Bush Feb 27, 2017 - 5:47 PM

Betsy DeVos calls historically black colleges pioneers of school choice, sparks outrage

Published: Tuesday, February 28, 2017 @ 11:03 AM
Updated: Tuesday, February 28, 2017 @ 11:03 AM


            Betsy DeVos calls historically black colleges pioneers of school choice, sparks outrage

U.S. Education Secretary Betsy DeVos sparked a social media firestorm Monday after she called historically black colleges "pioneers" in school choice, a move that critics said ignored the racial conflict that necessitated the schools.

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"Historically Black Colleges and Universities (HBCUs) … started from the fact that there were too many students in America who did not have equal access to education," DeVos said in a statement. "They saw that the system wasn't working, that there was an absence of opportunity, so they took it upon themselves to provide the solution.

"HBCUs are real pioneers when it comes to school choice."

DeVos has long supported charters schools and school choice programs, which give students and parents an alternative to traditional public school education.

Her comments come as representatives from the nation's HBCUs meet this week with DeVos and lawmakers in Washington.

The statement appeared to run counter to information posted on the Department of Education's website which states that HBCUs stemmed from racial segregation in education.

"Prior to the time of their establishment, and for many years afterwards, blacks were generally denied admission to traditionally white institutions," according to the Department of Education. "As a result, HBCUs became the principle means for providing postsecondary education to black Americans."

Devos' comments were met with incredulity on social media.

President Donald Trump is expected on Tuesday to sign an executive order related to HBCUs. A senior White House official told The Associated Press that the order is aimed at prioritizing the White House Initiative and Historically Black Colleges and Universities by moving it from the Department of Education into the White House. 

Girl survives car crash, is shot to death moments later

Published: Monday, February 27, 2017 @ 12:03 PM
Updated: Monday, February 27, 2017 @ 6:24 PM


            Girl survives car crash, is shot to death moments later

A Texas 8-year-old who escaped harm in a car accident early Saturday was shot and killed just moments later, police say.

De'Maree Adkins was asleep in the back seat of her mother’s car around 1 a.m. Saturday as they drove through southwest Houston. The Houston Chronicle reported that mother and daughter were just five minutes from home when a Pontiac Grand Prix blew through an intersection and collided with the Honda driven by De’Maree’s mother, Toyia Thomas.

Thomas’ first instinct was to be sure her daughter was OK.

“I called her name and I said, ‘Are you OK?’” Thomas told the Chronicle. “(She said) ‘Yeah, I’m OK. What happened, mama?’”

Thomas said that was when a third vehicle, a four-door sedan, pulled up next to her Honda. A woman got out of the car and opened fire on Thomas and her daughter.

“I don’t know who it was and I don’t know why she was shooting,” Thomas said.

She said she didn’t realize that De’Maree had been hit until she tried to get her daughter out of the car. That’s when she saw the blood.

“I told her to stay with me, stay with me,” Thomas told the Chronicle, breaking down in tears. “Her body just went limp.”

De’Maree was taken to a local hospital, where she was pronounced dead.

My Godchild is gone to soon because of senseless violence.  Please keep Toyia Jarmon and family in your prayers, and donate to the GoFundMe account that has been set up for De'Maree's Memorialization.  🙏🏽🙏🏽🙏🏽

Posted by Anzel Jennings on Sunday, February 26, 2017

Investigators said between five and seven shots were fired, though it is not yet clear if the shooter was targeting Thomas’ vehicle or someone in the Grand Prix involved in the crash.

“We don't know if they were firing at each other and struck the vehicle, or if once the accident happened, they got angry, jumped out and they shot the vehicle,” Detective David Stark told the newspaper. “We just don’t know.”

>> Read more trending stories

As detectives looked for those responsible for De’Maree’s death, her family remembered her short life and mourned the milestones they won’t see her achieve. The MacGregor Elementary School honor student had recently started learning the violin.

Soliciting prayers for the family of De'Maree Adkins, one of our MacGregor babies and Frederick McBride's 3rd grade...

Posted by Stephanie York Blue on Sunday, February 26, 2017

Her grandfather, Melvin Jarmon, told KPRC 2 in Houston that De’Maree, who he called “the boss,” enjoyed making him toe the line. De’Maree’s older cousin recalled the last time she spoke to the little girl.

“Before the accident, she FaceTimed me and she told me that she loved me,” Victoria Jarmon said.

Thomas was struggling to understand her daughter’s death.

“She was a good girl, an honor roll student. Full of life,” Thomas told KPRC. “They took my baby away from me. Why? She didn’t deserve this. She was only 8.”

Police said that the driver of the Pontiac that was involved in the crash got into the sedan with the shooter and they fled together. No suspects had been publicly identified as of Monday morning.

Houston’s Crime Stoppers is offering a $5,000 reward for information in the case. Texas Gov. Greg Abbott has added an additional $10,000 to that reward.

“Cecilia and I send our deepest sympathies to De'Maree’s family during this unimaginably difficult time,” Abbott said in a statement. “There is no place for heinous acts like this in Texas. We urge anyone who has any information to contact Houston Crime Stoppers immediately to bring those involved to justice.”

Anyone with information on De’Maree’s slaying can call Crime Stoppers at 713-222-8477, visit crime-stoppers.org or text a tip and “TIP610” to 274637. 

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Photo of Kellyanne Conway kneeling on Oval Office couch sparks Twitter debate

Published: Tuesday, February 28, 2017 @ 5:36 AM
Updated: Tuesday, February 28, 2017 @ 5:36 AM


            Photo of Kellyanne Conway kneeling on Oval Office couch sparks Twitter debate

Just as the jokes about the fictitious "Bowling Green massacre" and "alternative facts" were starting to die down, White House senior adviser Kellyanne Conway is once again at the center of a Twitter debate.

>> Read more trending news

According to USA Today and The Week, the Agence France-Presse news service tweeted a photo Monday of Conway kneeling on the Oval Office sofa after taking a snapshot of President Donald Trump with the heads of dozens of historically black colleges.

>> See the tweet here

The image quickly went viral as critics and supporters clashed in a surprisingly fierce – and often humorous – feud over her sitting position. 

>> Click here or scroll down to see what people were saying

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Kellyanne Conway Feb 28, 2017 - 5:57 AM