Billy Currington posts bail after threat charges

Country music star Billy Currington lives in Nashville, Tennessee, but is a native of Rincon, Georgia.Billy Currington turned himself in to authorities Thursday, the district attorney's office saysCurrington allegedly threatened bodily harm against a boat captain in GeorgiaThe 70-year-old boat captain told police he feared for his life after the incidentCurrington's country hits include "People Are Crazy" and "That's How Country Boys Roll"

(CNN) -- Country singer Billy Currington -- charged with threatening a charter boat captain who the performer allegedly thought sped too fast by his dock in coastal Georgia -- turned himself in to authorities, a district attorney's spokesman said.

Currington, 39, was released on bail a few hours after arriving at the sheriff's department in Chatham County, Georgia, on Thursday afternoon, county district attorney's spokesman Daniel Baxter said.

A grand jury in Savannah handed up a two-count indictment Wednesday accusing Currington of terroristic threats for allegedly threatening bodily harm against Charles Harvey Ferrelle last week. An elder abuse charge was included because Farrelle is 70 years old.

The police report, obtained by CNN affiliate WSAV, says Ferrelle filed a criminal complaint saying "he feared for his life" after Currington screamed at him and followed him in a boat.

Ferrelle, a charter boat captain, was giving a boat tour around Tybee Island, Georgia, when he passed by Currington's property on April 15, the report said. Currington yelled at the boat from shore and then jumped in his own boat and followed as Ferrelle went to his slip at a nearby dock, it said.

Currington threatened that "he was going to f--k Mr. Ferrelle up," the police report said.

"If I hadn't gotten into my slip fast enough, I believe he would have run me over," Ferrelle told an investigator.

Currington and his representatives did not immediately respond to CNN requests for comment. But the singer posted a message to fans through his Twitter account: "hey guys, I wanted to thank everyone for the huge amount of support that I have received already. Unfortunately, I can't comment on this situation as this is an ongoing legal matter. It means a lot to me to have your support during this time."

Although Currington resides primarily in Nashville, he is a native of Rincon, Georgia, which is about 35 miles inland from Tybee Island.

Currington's hit country songs include "Must Be Doin' Somethin' Right," "Good Directions," "People Are Crazy," "That's How Country Boys Roll," "Pretty Good at Drinkin' Beer," and "Let Me Down Easy."

CNN's Alan Duke, Denise Quan and Jane Caffrey contributed to this report.

/* push in config for this share instance */cnn_shareconfig.push({"id" : "cnn_sharebar2","url" : "http://www.cnn.com/2013/04/26/showbiz/billy-currington-charges/index.html","title" : "Country singer Currington posts bail after threat charges"});

Handbags reviews and advice for best reference here

Fannie Mae posts $2.1B loss for Q4 (AP)

WASHINGTON – Government-controlled mortgage buyer Fannie Mae has posted a narrower loss of $2.1 billion for the October-December quarter of last year, and asked for an additional $2.6 billion in federal aid.

The new request is slightly more than the $2.5 billion it sought in the July-September quarter. The mortgage buyer also reported a $21.7 billion loss for all of 2010.

The government rescued Fannie Mae and sibling company Freddie Mac in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion.

Fannie Mae's October-December loss attributable to common stockholders works out to 37 cents a share. It takes into account $2.2 billion in dividend payments to the government. It compares with a loss of $16.3 billion, or $2.87 a share, in the fourth quarter of 2009.

Washington-based Fannie Mae and McLean, Va.-based Freddie Mac own or guarantee about half of all mortgages in the U.S., or nearly 31 million home loans worth more than $5 trillion. Along with other federal agencies, they played some part in almost 90 percent of new mortgages over the past year.

Fannie and Freddie buy home loans from banks and other lenders, package them into bonds with a guarantee against default and sell them to investors around the world.

The government's $259 billion estimated final cost of bailing out the mortgage giants far exceeds the $133.7 billion they have received from taxpayers so far. That would make theirs the costliest bailout of the financial crisis.

Treasury Department officials noted that the amount the companies have received declined by about $700 million over the quarter, from $134.4 billion as of Sept. 30, as together they repaid the government more than they took in aid.

The two have been hit by massive losses on risky mortgages purchased from 2005 through 2008. The companies have tightened their lending standards after those loans started to go bad. Default rates on new loans are far lower.

The Obama administration unveiled a plan earlier this month to slowly dissolve the two mortgage giants. The aim is to shrink the government's role in the mortgage system. The proposal would remake decades of federal policy aimed at getting Americans to buy homes and probably would make home loans more expensive.

Exactly how far the government's role in mortgages would be reduced was left to Congress to decide. But all three options the administration presented would create a housing finance system that relies far more on private money.

Treasury Secretary Timothy Geithner will face questions from lawmakers next week at a congressional hearing on the proposal.

(This version CORRECTS amount received to $133.7 billion)

Browse your computer here

Freddie Mac posts $1.7B loss for Q4 (AP)

WASHINGTON – Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last year. But it has asked for an additional $500 million in federal aid — up from the $100 million it sought in the previous quarter.

Freddie Mac also posted a $19.8 billion loss for all of 2010.

The government rescued Freddie Mac and sibling company Fannie Mae in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion.

Freddie Mac's October-December loss attributable to common stockholders works out to 53 cents a share. It takes into account $1.6 billion in dividend payments to the government. It compares with a loss of $7.8 billion, or $2.39 a share, in the fourth quarter of 2009.

The company said the recovery of the housing market is still fragile.

"As we begin 2011, the housing recovering remains vulnerable to high levels of unemployment, delinquencies and foreclosures," Chief Executive Charles Haldeman said in a statement. "We expect national home prices to decline this year as housing will continue to take some time to recover."

Fannie Mae and Freddie Mac own or guarantee about half of all mortgages in the U.S., or nearly 31 million home loans worth more than $5 trillion. Along with other federal agencies, they played some part in almost 90 percent of new mortgages over the past year.

Fannie and Freddie buy home loans from banks and other lenders, package them into bonds with a guarantee against default and sell them to investors around the world.

The government's estimated cost of bailing out the mortgage giants far exceeds the $132.3 billion they have received from taxpayers so far. That would make theirs the costliest bailout of the financial crisis.

The two have been hit by massive losses on risky mortgages purchased from 2005 through 2008. The companies have tightened their lending standards after those loans started to go bad. Default rates on new loans are far lower.

The Obama administration unveiled a plan earlier this month to slowly dissolve the two mortgage giants. The aim is to shrink the government's role in the mortgage system. The proposal would remake decades of federal policy aimed at getting Americans to buy homes and probably would make home loans more expensive.

Exactly how far the government's role in mortgages would be reduced was left to Congress to decide. But all three options the administration presented would create a housing finance system that relies far more on private money.

Treasury Secretary Timothy Geithner will face questions from lawmakers next week at a congressional hearing on the proposal.

Browse your computer here

Fannie Mae posts $2.1B loss for Q4 (AP)

WASHINGTON – Government-controlled mortgage buyer Fannie Mae has posted a narrower loss of $2.1 billion for the October-December quarter of last year, and asked for an additional $2.6 billion in federal aid.

The new request is slightly more than the $2.5 billion it sought in the July-September quarter. The mortgage buyer also reported a $21.7 billion loss for all of 2010.

The government rescued Fannie Mae and sibling company Freddie Mac in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion.

Fannie Mae's October-December loss attributable to common stockholders works out to 37 cents a share. It takes into account $2.2 billion in dividend payments to the government. It compares with a loss of $16.3 billion, or $2.87 a share, in the fourth quarter of 2009.

Washington-based Fannie Mae and McLean, Va.-based Freddie Mac own or guarantee about half of all mortgages in the U.S., or nearly 31 million home loans worth more than $5 trillion. Along with other federal agencies, they played some part in almost 90 percent of new mortgages over the past year.

Fannie and Freddie buy home loans from banks and other lenders, package them into bonds with a guarantee against default and sell them to investors around the world.

The government's $259 billion estimated final cost of bailing out the mortgage giants far exceeds the $133.7 billion they have received from taxpayers so far. That would make theirs the costliest bailout of the financial crisis.

Treasury Department officials noted that the amount the companies have received declined by about $700 million over the quarter, from $134.4 billion as of Sept. 30, as together they repaid the government more than they took in aid.

The two have been hit by massive losses on risky mortgages purchased from 2005 through 2008. The companies have tightened their lending standards after those loans started to go bad. Default rates on new loans are far lower.

The Obama administration unveiled a plan earlier this month to slowly dissolve the two mortgage giants. The aim is to shrink the government's role in the mortgage system. The proposal would remake decades of federal policy aimed at getting Americans to buy homes and probably would make home loans more expensive.

Exactly how far the government's role in mortgages would be reduced was left to Congress to decide. But all three options the administration presented would create a housing finance system that relies far more on private money.

Treasury Secretary Timothy Geithner will face questions from lawmakers next week at a congressional hearing on the proposal.

(This version CORRECTS amount received to $133.7 billion)

View the original article here

Freddie Mac posts $1.7B loss for Q4 (AP)

WASHINGTON – Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last year. But it has asked for an additional $500 million in federal aid — up from the $100 million it sought in the previous quarter.

Freddie Mac also posted a $19.8 billion loss for all of 2010.

The government rescued Freddie Mac and sibling company Fannie Mae in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion.

Freddie Mac's October-December loss attributable to common stockholders works out to 53 cents a share. It takes into account $1.6 billion in dividend payments to the government. It compares with a loss of $7.8 billion, or $2.39 a share, in the fourth quarter of 2009.

The company said the recovery of the housing market is still fragile.

"As we begin 2011, the housing recovering remains vulnerable to high levels of unemployment, delinquencies and foreclosures," Chief Executive Charles Haldeman said in a statement. "We expect national home prices to decline this year as housing will continue to take some time to recover."

Fannie Mae and Freddie Mac own or guarantee about half of all mortgages in the U.S., or nearly 31 million home loans worth more than $5 trillion. Along with other federal agencies, they played some part in almost 90 percent of new mortgages over the past year.

Fannie and Freddie buy home loans from banks and other lenders, package them into bonds with a guarantee against default and sell them to investors around the world.

The government's estimated cost of bailing out the mortgage giants far exceeds the $132.3 billion they have received from taxpayers so far. That would make theirs the costliest bailout of the financial crisis.

The two have been hit by massive losses on risky mortgages purchased from 2005 through 2008. The companies have tightened their lending standards after those loans started to go bad. Default rates on new loans are far lower.

The Obama administration unveiled a plan earlier this month to slowly dissolve the two mortgage giants. The aim is to shrink the government's role in the mortgage system. The proposal would remake decades of federal policy aimed at getting Americans to buy homes and probably would make home loans more expensive.

Exactly how far the government's role in mortgages would be reduced was left to Congress to decide. But all three options the administration presented would create a housing finance system that relies far more on private money.

Treasury Secretary Timothy Geithner will face questions from lawmakers next week at a congressional hearing on the proposal.

View the original article here