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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Freddie Mac

Freddie Mac stories: 120 news summaries

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MARKETS

 Financials Skid, Spark Sell-Off 

Financials plummet on the prospect of a GSE bailout

Aug 18, 08 3:26 PM CDT
(Newser) - The markets took a tumble today as familiar fears about a government bailout of Fannie Mae and Freddie Mac returned to the fore, MarketWatch reports. Led by its financial components, the Dow fell 180.02 to close at 11,479.88. The Nasdaq shed 35.54, settling at 2,416.... More »

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Dow Jones • Lehman Brothers • Nasdaq • Freddie Mac • Fannie Mae • credit crisis • subprime crisis • S&P 500 • financial stocks • financial crisis

Greenspan: Housing Will Hit Bottom in 2009

Skilled immigrants would help end
slump, he says

Aug 14, 08 11:19 AM CDT
(Newser) - Alan Greenspan said housing prices could continue to edge lower through 2009, but should “stabilize or touch bottom” in the first six months of the year, reports the Wall Street Journal. And, the former Fed chief says, while a government bailout of Freddie Mac and Fannie May was the... More »

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Bush administration • Federal Reserve • economics • Alan Greenspan • capitalism • Freddie Mac • Fannie Mae • credit crisis • housing crisis • subprime crisis • bank regulation • financial crisis

Earnings

Fannie Misses Estimates, Slashes Dividend

Stock drops 12% in early trading

Aug 8, 08 8:37 AM CDT
(Newser) - Fannie Mae reported its fourth straight losing quarter today, Bloomberg reports, coming in $2.3 billion in the red and slashing its dividend. The $2.51-per-share loss far exceeded the 72-cent average predicted by analysts, much as Freddie Mac surprised investors two days ago. “Neither of these companies have... More »

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corporate earnings • second quarter earnings • Freddie Mac • Fannie Mae • housing crisis • subprime crisis • financial crisis

MARKETS

 Bad News Spurs Big Sell-Off

Poor results at AIG, nervous retailers, rising oil all contribute to decline

Aug 7, 08 3:25 PM CDT
(Newser) - The markets suffered big losses today as investors were confronted by bad news from retail and financial giants, as well as a 6-year-high in weekly unemployment, the Wall Street Journal reports. The Dow fell 224.64to 11,431.43. The Nasdaq lost 22.64 to finish at 2,355.73,... More »

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Federal Reserve • Dow Jones • Nasdaq • Freddie Mac • Fannie Mae • AIG • S&P 500 • Wal-Mart • financial crisis

2007 Mortgages Failing at Triple the Rate of 2006

Prime loans made in early 2007 are going bad at triple the rate of 2006 loans

Aug 7, 08 9:29 AM CDT
(Newser) - Mortgages procured in 2007 are souring at a rate nearly triple that of 2006, reports the Wall Street Journal, suggesting that the wallop to the financial system from forclosures could be far from over. Analysis done for the paper finds 0.91% of the prime loans issued in the... More »

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foreclosure • Freddie Mac • subprime crisis • mortgage defaults • JPMorgan Chase

MARKETS

 Rally Goes On, Modestly

Cisco provides some good news, though investors not totally cheered

Aug 6, 08 3:42 PM CDT
(Newser) - Oil prices continued to fall, spurring modest gains for the markets today, but Freddie Mac’s enormous second-quarter loss signified that the housing and credit crises are not over yet, the Wall Street Journal reports. The Dow rose 40.30 to close at 11,656.07. The Nasdaq gained 28.... More »

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Dow Jones • Nasdaq • Freddie Mac • AIG • Cisco • S&P 500 • Societe Generale • oil prices

Freddie Has 4th-Straight Loss as 2nd Quarter Charges Rise

Increase in foreclosures and associated fees, $1B writedown lead to $821M loss

Aug 6, 08 7:15 AM CDT
(Newser) - Rising delinquencies and a still-skidding home market combined to make Freddie Mac’s second quarter losses three times worse than analysts predicted, reports Bloomberg. The government-backed mortgage enterprise lost $821 million, or $1.63, in the quarter, prompting it to also announce a third quarter slash in dividends from... More »

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corporate earnings • Freddie Mac • Fannie Mae • housing crisis • subprime crisis • financial crisis

Freddie CEO Dismissed Bad Omens for Years

Execs charge Syron was warned
of disaster

Aug 5, 08 4:34 AM CDT
(Newser) - The CEO of Freddie Mac disregarded several warnings from inside the company that the mortgage giant faced imminent disaster. More than two dozen current and former high-ranking employees told the New York Times that Richard Syron dismissed repeated recommendations from as early as 2004 to limit its exposure to bad... More »

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subprime mortgages • housing • Freddie Mac • mortgage loans • mortgage debt • Richard Syron • loan • financial crisis

MARKETS

 Dow Plunges 239 Points 

S&P 500 sheds 1.9%; financials lead retreat

Jul 28, 08 3:39 PM CDT
(Newser) - The markets plummeted today as worries over the economy and problems in the financial sector outweighed high spirits over the rescue plan for mortgage giants Fannie Mae and Freddie Mac, MarketWatch reports. The Dow plunged 239.61 to 11,131.08, the Nasdaq nosedived 46.31 to 2,264.22,... More »

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stock market • Verizon • Dow Jones • Tyson Foods • Freddie Mac • Fannie Mae • AIG

 Senate Passes Massive 
 Housing Relief Bill

Bush is expected to quickly sign the measure into law

Jul 26, 08 10:37 AM CDT
(AP) - Congress has passed a housing rescue bill aimed at sparing 400,000 struggling homeowners from foreclosure. President Bush is expected to sign the measure quickly. The Senate passed the legislation by a 72-13 vote in a rare Saturday session. The measure lets homeowners who cannot afford their monthly payments refinance... More »

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Congress • Senate • Freddie Mac • Fannie Mae • housing crisis

MARKETS

 On Mixed News, Modest Gains 

Crude falls, durable goods rise, but foreclosures also climb

Jul 25, 08 3:33 PM CDT
(Newser) - The Dow and S&P 500 seesawed to minor gains today amid mixed economic reports, MarketWatch reports. The Dow rose 21.41 to 11,370.69, the S&P 500 5.22 to 1,257.76. Bolstered by the relative insulation from the economic slump enjoyed by tech stocks , the... More »

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Dow Jones • General Motors • durable goods • Nasdaq • Freddie Mac • Fannie Mae • crude oil • Standard and Poor • tech stocks • S&P 500 • Amazon.com

A Believer in Hands-Off
Now a Defender of Hands-On

Treasury chief Henry Paulson has turned to intervention to calm markets

Jul 25, 08 1:15 PM CDT
(Newser) - Treasury Secretary Henry Paulson is in the midst of a reluctant about-face of his economic principles. The Los Angeles Times looks at how Paulson—a former chief executive at Goldman Sachs with a long history of faith in laissez-faire capitalism—has had to become the point man for the Bush... More »

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Henry Paulson • Bear Stearns • US economy • Freddie Mac • Fannie Mae • Treasury Department • subprime crisis • JPMorgan Chase • financial crisis

House Passes Huge
Housing Rescue Bill

Measure should clear Senate soon; Bush says he'll sign it

Jul 23, 08 5:34 PM CDT
(Newser) - The House today approved a massive bill to provide relief for struggling homeowners, communities hit hard by the housing crisis, and mortgage giants Fannie Mae and Freddie Mac, the Hill reports. The bill passed 272-152 hours after President Bush switched course and said he would not veto it. The measure... More »

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mortgage • House of Representatives • Freddie Mac • Fannie Mae • housing crisis • bailout

MARKETS

 Mixed News Keeps Gains Slim 

Markets absorb gloomy Fed data and continued oil drop

Jul 23, 08 3:15 PM CDT
(Newser) - The markets pared earlier gains to end just slightly positive today, amid mixed earnings reports and a gloomy-but-expected Federal Reserve data on the US economy, the Wall Street Journal reports. The Dow gained 29.88, closing at 11,632.38. The Nasdaq gained 21.92, settling at 2,325.88,... More »

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Federal Reserve • Dow Jones • Pfizer • Nasdaq • Freddie Mac • Fannie Mae • S&P 500 • AT&T • Beige Book

In Switch, Bush Will Sign Bill Overhauling Fannie, Freddie

Measure that would allow feds to insure $300B in mortgages expected soon

Jul 23, 08 11:54 AM CDT
(Newser) - President Bush will support a housing package being considered in the Senate, the Wall Street Journal reports. Bush threatened to veto the bill, which includes as much as $300 billion of insurance for Fannie Mae and Freddie Mac, but decided, given market turmoil, that now “is not the time... More »

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Bush administration • housing market • Henry Paulson • Freddie Mac • Fannie Mae • George W. Bush • housing legislation • financial crisis

 Mortgage Rates
 Surge to
 5-Year High 

Problems with Freddie, Fannie threaten further woes for housing market

Jul 23, 08 7:40 AM CDT
(Newser) - Mortgage rates rose yesterday to a 5-year high of 6.71% as investors worried that—even with government intervention—Fannie Mae and Freddie Mac wouldn’t play as big a role in the $12 trillion US mortgage market as in the past, reports the New York Times. The rising rates... More »

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mortgage • Freddie Mac • Fannie Mae • mortgage rates • mortgage backed securities

Tab for Fannie, Freddie Bailout Pegged at $25B

But chance better than 50% feds won't need to step in: budget office

Jul 22, 08 12:39 PM CDT
(Newser) - A federal bailout of Fannie Mae and Freddie Mac will cost $25 billion, the Congressional Budget Office said today, but there’s a better than 50% chance no rescue will be needed. The plan sought by Treasury Secretary Henry Paulson would extend an unlimited line of credit to the government-sponsored... More »

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Henry Paulson • Congressional Budget Office • Freddie Mac • Fannie Mae • Treasury Department • rescue package • financial crisis

Economic Recovery to Take Months: Paulson

But banking remains 'safe and sound'

Jul 20, 08 5:42 PM CDT
(Newser) - Henry Paulson sought to reassure Americans today that US banking is "sound" despite a growing list of troubled banks, Reuters reports. He also said the economy will stay slow for months, but expressed confidence that Congress will shore up Fannie Mae and Freddie Mac before summer recess. "Congress... More »

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Henry Paulson • Freddie Mac • IndyMac • Fannie Mae • mortgage debt • banking • subprime crisis • financial crisis

Freddie Eyes Selling $10B in Shares to Stave Off Bailout

Measure might prevent need for bailout -
for now

Jul 18, 08 6:53 AM CDT
(Newser) - Freddie Mac is considering issuing $10 billion worth of new common and preferred shares, the Wall Street Journal reports, a move that might stave off a full-blown government rescue—and the increased scrutiny that would come with it. Freddie has been emboldened by two days of big gains, with... More »

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shares • Freddie Mac • stock offering • bailout • financial crisis

MARKETS

 Stocks Continue Strong Rally 

Dow up 207 points; third consecutive day of falling oil prices helps

Jul 17, 08 3:35 PM CDT
(Newser) - The markets continued yesterday’s rally as oil kept falling—hitting a low of $131 a barrel for the first time in 6 weeks—and traders bought up financial shares with renewed confidence, the Wall Street Journal reports. The Dow gained 207.38 points to close at 11,446.66;... More »

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Dow Jones • Nasdaq • Freddie Mac • Fannie Mae • oil price • S&P 500 • oil prices

61 - 80 of 120 Stories | << Prev 1 2 3 4 5 6 Next >>


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