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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Freddie Mac

Freddie Mac stories: 120 news summaries

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ANALYSIS

 Battle Lines Drawn in 
 Freddie, Fannie Fight 

Making mortgage giants public, breaking them up or nursing them to health seen as options

Sep 9, 08 9:21 AM CDT
(Newser) - What Freddie Mac and Fannie Mae look like in the future—and whether they continue to exist in a recognizable form at all—depends on how Washington looks next year, the New York Times reports. The battle already has begun, with the White House and congressional Democrats blaming each other... More »

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Bush administration • Freddie Mac • Fannie Mae • subprime crisis • bailout • financial crisis

ANALYSIS

In Times of Crisis, Paulson's the 'Decider'

Fannie-Freddie bailout shows Treasury sec enjoys a free hand

Sep 9, 08 6:12 AM CDT
(Newser) - Last week, a small group met in the Oval Office to discuss the impending takeover of Fannie Mae and Freddie Mac. But while President Bush convened the meeting, there was no mistaking who was running the show: Hank Paulson, who had first floated public ownership and who oversaw every aspect... More »

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Cabinet • Henry Paulson • Freddie Mac • Fannie Mae • Treasury Department • subprime crisis • George W. Bush • financial crisis

MARKETS

 Bailout Rally Tails Off Late 

Persistent worries about the non-financial economy temper gains

Sep 8, 08 3:38 PM CDT
(Newser) - US stocks rallied as traders bet the bailout of Fannie Mae and Freddie Mac would help the economy recover, but lost some of those gains—with the Nasdaq even flirting with losses—as the day wore on, MarketWatch reports. Nonetheless, the Dow gained 289.78, closing at 11,510.74.... More »

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Dow Jones • Henry Paulson • Nasdaq • Freddie Mac • Fannie Mae • S&P 500 • financial crisis

OPINION

Housing Will Bottom June 30, 2009: Cramer

Bombastic guru lists
10 signs of a real-estate turnaround

Sep 8, 08 2:29 PM CDT
(Newser) - Jim Cramer has spent over a year “shouting in my usual unhinged way” about the bleak real estate market, he writes in New York. But now he’s so confident housing’s headed for a bottom that he’ll name the exact date: June 30, 2009. Why?
... More »

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housing market • Freddie Mac • Fannie Mae • Jim Cramer • home prices • housing crisis • housing bubble • FHA mortgage

Analysis

US Must Strike Fine Balance on Mortgage Bailout

Deficit makes coordinated response economically, psychologically crucial

Sep 8, 08 11:34 AM CDT
(Newser) - A global storm continues to threaten the world’s economies, and the US government takeover of Fannie Mae and Freddie Mac is just one step, albeit a major one, toward recovery. Whether the latest attempt to right the ship succeeds "ultimately boils down to two big issues," writes... More »

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Bush administration • Freddie Mac • Fannie Mae • subprime crisis • bailout • credit market chaos • financial crisis

MARKETS

US Stocks Soar on Fannie/Freddie Takeover

Dow up 300 early as investors bet on broader recovery

Sep 8, 08 9:40 AM CDT
(AP) - Stocks surged this morning as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the US government will bail out mortgage lenders Fannie Mae and Freddie Mac. The major indices jumped, with the Dow Jones industrials gaining more than 300 points. Meanwhile, bond prices... More »

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stock market • Dow Jones • stocks • Freddie Mac • Fannie Mae • financial crisis

Fannie, Freddie Deal May
Ease Rates, Cut Foreclosures

Federal takeover may help refresh housing market as dust settles

Sep 8, 08 7:47 AM CDT
(Newser) - How will the government’s seizure of Fannie Mae and Freddie Mac affect homeowners and buyers? In the short term, the New York Times says, interest rates may fall some, but probably not enough to stop the slide in home prices. Some facing foreclosure could have a better chance at... More »

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takeover • Freddie Mac • Fannie Mae • mortgage rates • subprime crisis • financial crisis

MARKETS

 Stocks Rally Strong on
 Fannie, Freddie Takeover 

Europe, Japan, US futures see market surge

Sep 8, 08 4:29 AM CDT
(Newser) - European and Japanese stocks saw their biggest surge since January and US futures climbed amid news of the Treasury Department’s plan to take charge of Fannie Mae and Freddie Mac, Bloomberg reports. Europe's UBS AG, pounded by subprime losses, and Japan’s Mizuho Financial Group, its biggest bank by... More »

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stock market • Japan • Europe • Henry Paulson • futures market • Freddie Mac • Fannie Mae • conservatorship • bailout • financial crisis

 Feds Outline 
 Fannie, Freddie 
 Bailout 

Gov't will step in as conservator; Treasury will buy preferred stock

Sep 7, 08 11:28 AM CDT
(Newser) - Citing Fannie Mae and Freddie Mac as "critical to turning the corner on housing," Treasury Secretary Henry Paulson this morning announced a bailout of the beleaguered mortgage companies that includes his agency purchasing preferred stock, while the Federal Housing Finance Agency will step in as conservator. Additionally, Treasury... More »

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Ben Bernanke • housing market • mortgage • Freddie Mac • Fannie Mae • Treasury Department • Federal Housing Administration • securities • financial crisis

Paulson Tacks Toward Middle on Fannie, Freddie Rescue

Conservatorship would toe line between opposing views

Sep 7, 08 9:35 AM CDT
(Newser) - As concerns mount for troubled mortgage giants Fannie Mae and Freddie Mac, two camps have emerged: one, led by free-market analysts, is pushing a temporary government takeover of the companies; the other, led by congressional Democrats, would rather see billions of tax dollars rescue the firms. Treasury secretary Henry Paulson... More »

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Henry Paulson • housing • Freddie Mac • Fannie Mae • Treasury Department • Barney Frank • mortgage lender • conservatorship • financial crisis

Juggled Books at Freddie, Fannie Sparked Fed Takeover

Situation more dire than accounting revealed, probers found

Sep 7, 08 6:17 AM CDT
(Newser) - Federal advisers pushed for a government takeover of Freddie Mac and Fannie Mae after discovering fuzzy accounting that failed to fully reveal the dire nature of the companies' financial situation, reports the New York Times. The practices, while not illegal, overstated the mortgage giants' capital cushions while attempting to delay... More »

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accounting • Freddie Mac • Fannie Mae • housing crisis • bailout • financial crisis

OPINION

Fannie, Freddie Deal Will 'Stem the Mess'

'There will be no reason to foreclose' after takeover: Cramer

Sep 6, 08 6:42 PM CDT
(Newser) - Jim Cramer predicts that a lot of people will whine about the federal takeover of Fannie Mae and Freddie Mac—especially those shorting them—and say it won't help. But they're dead wrong, Cramer writes on TheStreet.com: it's going to turn housing around and bring the rest of the... More »

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Freddie Mac • Fannie Mae • Jim Cramer • Federal government • financial crisis

(Newser) - The White House told ailing mortgage giants Fannie Mae and Freddie Mac today that Washington will effectively take them over, the Wall Street Journal reports. The Treasury move will leave both companies functioning but replace their executives, inject capital, and likely leave shareholders with little or nothing. The move aims... More »

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Freddie Mac • Fannie Mae • Treasury Department • bailout • financial crisis

OPINION

Fannie-Freddie Merger:
The Math Adds Up

As both companies plummet, combining them might make sense

Sep 2, 08 10:54 AM CDT
(Newser) - With Fannie Mae and Freddie Mac struggling to stay afloat, arguments for a merger are gathering steam. “Sometimes size can be a strength,” writes Andrew Ross Sorkin in the New York Times. The companies spent $1.825 billion in total overhead in the first half of 2008 doing... More »

MORE ABOUT:
Freddie Mac • Fannie Mae • credit crisis • housing crisis • subprime crisis • mortgage defaults • financial crisis

(Newser) - As the stock prices of mortgage giants Fannie Mae and Freddie Mac plunged 80% this year, employees of the companies helplessly watched their fortunes sink with the ship, the New York Times reports. For instance, Fannie Mae’s workers owned $116 million in company stock at the end of 2006;... More »

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Freddie Mac • Fannie Mae • credit crisis • stock price • subprime crisis • stockholders • retirement benefits • financial crisis

 Top Execs Booted at Fannie Mae

Shake-up aims to boost investor confidence in hemorrhaging firm

Aug 28, 08 2:48 AM CDT
(Newser) - Battered mortgage-finance provider Fannie Mae has ousted three top executives in a bid to boost investor confidence, Bloomberg reports. Fannie Mae CEO Daniel Mudd is replacing his chief officers for finance, business and risk management as he struggles to prove that the company has enough capital to ride out the... More »

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Henry Paulson • Freddie Mac • Fannie Mae • credit crisis • subprime crisis • Stephen Swad • Robert Levin

MARKETS

 Stocks Mixed as Oil Surges 

Georgian conflict raises supply fears; analysts downgrade financials

Aug 21, 08 3:22 PM CDT
(Newser) - Stocks saw mixed results today as the Dow and S&P 500 managed to claw back from early losses due to surging oil and a weak dollar, the Wall Street Journal reports. The Dow closed up 12.78 at 11,430.21; the Nasdaq fell 8.70 to 2,380.... More »

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Dow Jones • Georgia • Lehman Brothers • Nasdaq • Freddie Mac • Fannie Mae • commodities • S&P 500 • oil prices

MARKETS

 Modest Gains From Mixed Day 

Fannie, Freddie continue to bleed out; H-P brightens tech sector

Aug 20, 08 3:29 PM CDT
(Newser) - The markets ended up after alternating from gains to losses in today’s session, MarketWatch reports. Fannie Mae and Freddie Mac continue to make traders uneasy about financial firms, but strong results from Hewlett-Packard provided a welcome distraction. The Dow closed up 68.88 at 11,417.42. The Nasdaq... More »

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Dell • Research In Motion • Dow Jones • Nasdaq • Freddie Mac • Fannie Mae • S&P 500 • financial crisis • Hewlett-Packard

Pressure Mounts for a Freddie, Fannie Bailout

Investors want Treasury to take the lead on mortgage giants sooner rather than later

Aug 20, 08 9:40 AM CDT
(Newser) - A federal bailout for Fannie Mae and Freddie Mac looks more likely every day, both the Wall Street Journal and the New York Times report, as the mortgage giants find it increasingly difficult to borrow and their stock continues to take a pounding. Freddie was able to auction $3 billion... More »

MORE ABOUT:
Henry Paulson • Freddie Mac • Fannie Mae • mortgage rates • housing crisis • bailout • financial crisis

Fannie, Freddie Take Another Beating on Bailout Fears

Falling market caps raise investor fears of government action

Aug 19, 08 6:51 AM CDT
(Newser) - Share prices of Fannie Mae and Freddie Mac took another precipitous plunge yesterday as investors fear the home mortgage giants will not be able to avoid a government bailout, the Wall Street Journal reports. An article in Barron’s stoked smoldering concerns that the companies will not be able to... More »

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Barron's • Freddie Mac • market capitalization • Fannie Mae • Treasury Department • credit crisis • subprime crisis • financial crisis

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