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September 6, 2008 1:55:33 AM CDT

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Stories related to: Freddie Mac

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Stories 41 - 60 of 68

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  • July 2008

    • Fannie, Freddie Plunge Gives Short Sellers a Field Day

      New York Times  |  Jul 11, 08 9:29 AM CDT

      Fannie, Freddie Plunge Gives Short Sellers a Field Day

      (Newser) - With the rest of the world wringing its hands over fears of a Fannie Mae or Freddie Mac collapse, one tribe on Wall Street is smiling: the short sellers. Investors have bet against Fannie and Freddie in growing numbers as the two mortgage lenders' positions grew more precarious. But handsome returns as the stocks plunged 70% this year have also brought unwanted attention, the New York Times notes. More »

      Tags

      Wall Street  • Fannie Mae  • Freddie Mac  • credit market  • markets  • short selling

    • As Speculation Swirls, Panic Stalks Freddie, Fannie

      Wall Street Journal  |  Jul 11, 08 7:56 AM CDT

      As Speculation Swirls, Panic Stalks Freddie, Fannie

      (Newser) - What started as a whisper Monday is a roar at week’s end as investors wrestle with the fate of mortgage giants Fannie Mae and Freddie Mac, the Wall Street Journal reports. While neither firm, which together own or back roughly half  the nation’s mortgages, faces imminent collapse, awareness that the government is mulling options for a bailout has sent Wall Street into a speculative downward spiral. More »

    • Lender Woes Keep Lid on Gains

      MarketWatch  |  Jul 10, 08 3:39 PM CDT

      Lender Woes Keep Lid on Gains

      (Newser) - The markets ended with modest gains today, led by a rally in financials despite continued anxiety over the future of Freddie Mac and Fannie Mae, MarketWatch reports. Treasury chief Henry Paulson and Ben Bernanke's call for greater regulatory powers encouraged investors. The Dow gained 81.58 points to 11,229.02, the Nasdaq rose 22.96 to 2,257.85, and the S&P 500 gained 8.70 to 1,253.39. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Henry Paulson  • Fannie Mae  • Freddie Mac  • Bank of America  • financial stocks

    • Feds Mull Possible Bailout for Freddie and Fannie

      Wall Street Journal  |  Jul 10, 08 9:49 AM CDT

      Feds Mull Possible Bailout for Freddie and Fannie

      (Newser) - With the shares of mortgage titans Fannie Mae and Freddie Mac plummeting to their lowest points in more than 15 years, the Bush administration is weighing what to do in the event of a collapse, reports the Wall Street Journal. No rescue plan is imminent—both companies are expected to be able to raise needed capital—but as home values continue to decline and more homeowners default, Treasury officials are studying contingency plans. More »

      Tags

      Bush administration  • housing crisis  • Fannie Mae  • Freddie Mac  • Treasury Department

    • Fed to Crack Down on Subprime Loans

      New York Times  |  Jul 8, 08 8:26 AM CDT

      Fed to Crack Down on Subprime Loans

      (Newser) - The Federal Reserve will issue new rules next week restricting subprime lending and other exotic loans aimed at borrowers with weak credit, Ben Bernanke said today. He said the Fed is also considering extending the overnight low-cost loan program, which helps big banks in need of quick cash, a sign that the Fed believes the financial crisis will continue into 2009. More »

      Tags

      Federal Reserve  • subprime mortgages  • Ben Bernanke  • subprime crisis  • Fannie Mae  • Freddie Mac  • predatory lending

    • Oil Drops, but Rally Fades

      MarketWatch  |  Jul 7, 08 3:38 PM CDT

      Oil Drops, but Rally Fades

      (Newser) - The markets saw modest losses today after a rally spurred by a drop in crude prices sputtered over capital concerns at Fannie Mae and Freddie Mac, MarketWatch reports. The Dow fell 56.58 to 11,231.96, the Nasdaq dropped 2.06 to 2,243.32, and the S&P 500 fell 10.59 to 1,252.31. More »

      Tags

      Microsoft  • Yahoo  • S&P 500  • Nasdaq  • oil price  • Dow Jones Industrial Average  • Fannie Mae  • Freddie Mac  • financial stocks

  • June 2008

    • Countrywide 'Bailout' Is Dem Chicanery

      Wall Street Journal  |  Jun 18, 08 1:33 PM CDT

      Countrywide 'Bailout' Is Dem Chicanery

      (Newser) - Congressional Dems are selling their $300 billion bill granting new taxpayer loan guarantees as a boon to homeowners, but Dick Armey sees more cynical motives in the “bailout” legislation. The former House majority leader writes in the Journal , pegging the recent revelations of sweetheart Countrywide loans for top (Dem) “banking players” to the active legislation, charging that “it’s all too clear who is being rescued.” More »

      Tags

      Fannie Mae  • Freddie Mac  • Countrywide Financial  • congressional Democrats  • bailout  • Dick Armey

  • May 2008
  • March 2008
  • February 2008
  • December 2007

    • SEC Probes WaMu Home Loans

      Wall Street Journal  |  Dec 21, 07 4:06 AM CST

      SEC Probes WaMu Home Loans

      (Newser) - Washington Mutual, one of America's largest mortgage lenders and the biggest savings and loan in the nation, is under investigation by the Securities and Exchange Commission, reports the Wall Street Journal . Regulators suspect some WaMu mortgages were based on inflated appraisals. WaMu, bloodied by the subprime mortgage crisis, lost $348 million on home loans in the third quarter. More »

      Tags

      subprime mortgages  • SEC  • Fannie Mae  • Freddie Mac  • Andrew Cuomo  • Washington Mutual  • WaMu  • appraisals

    • Freddie Mac Chief: Housing Market Will Get Worse in 2008

      Financial Times (UK)  |  Dec 12, 07 11:14 AM CST

      Freddie Mac Chief: Housing Market Will Get Worse in 2008

      (Newser) - Predicting even tougher times for the US housing market, Freddie Mac chief Richard Syron yesterday told investors in New York that the government-sponsored mortgage lender would report another net loss in the fourth quarter and credit losses to $12 billion on its mortgage portfolio, reports the Financial Times. Freddie Mac reported a record $2 billion loss in the third quarter. More »

      Tags

      subprime mortgages  • foreclosure  • mortgage  • Freddie Mac  • mortgage lender  • default

  • November 2007

    • Freddie Mac Loses $2B, Seeks Cash

      Bloomberg  |  Nov 20, 07 8:51 AM CST

      Freddie Mac Loses $2B, Seeks Cash

      (Newser) - Freddie Mac, the second-largest US mortgage lender, lost $2.02 billion this quarter, its worst quarter ever, the company said this morning. With core capital almost below its regulatory minimum, the company is looking for fast cash, hiring Goldman Sachs and Lehman Brothers to help bail it out, and “seriously considering” slashing its dividend by 50%. Shares fell 7% in pre-market trading. More »

      Tags

      subprime mortgages  • credit crisis  • mortgage crisis  • Fannie Mae  • Freddie Mac

  • September 2007

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