Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Freddie Mac

Freddie Mac stories: 120 news summaries

101 - 120 of 120 Stories | << Prev 1 2 3 4 5 6

Switch to grid view »

Big Fannie Mae Losses Prompt Fears of Failure

Crash would be big blow to US economy, housing market

May 6, 08 8:16 AM CDT
(Newser) - Fannie Mae lost a worse-than-expected $2.2 billion this quarter, forcing it to cut its dividend and seek $6 billion in capital. The news is especially troubling as Fannie and Freddie Mac, the companies Washington relies on to keep the housing market functioning, are under unprecedented pressure, the New ... More »

MORE ABOUT:
earnings reports • mortgage • Freddie Mac • Fannie Mae • subprime crisis • financial crisis

MARKETS

 Dow Jumps 261, Ends Week Up 

Eased worries on liquidity nearly erase yesterday's dive

Mar 20, 08 3:54 PM CDT
(Newser) - Stocks enjoyed a steady rally today off of surprisingly good manufacturing data and renewed investor confidence in Fannie and Freddie Mae, achieving the first weekly gain in a month, since the market is closed tomorrow, the Wall Street Journal reports. The Dow rose 261.66 points, ending at 12,361.... More »

MORE ABOUT:
Dow Jones • Nike • Nasdaq • Freddie Mac • Fannie Mae • S&P 500 • Philadelphia Federal Reserve

Freddie, Fannie Rules Eased to Boost Housing Market

Regulators reduce capital surplus required of firms

Mar 19, 08 2:53 PM CDT
(Newser) - Fannie Mae and Freddie Mac will be able to buy more mortgages after the amount of capital they're required to hold as a cushion was cut from 30% to 20% today, the Wall Street Journal reports. The move by the Bush administration should pump up to $200 billion of liquidity... More »

MORE ABOUT:
Freddie Mac • Fannie Mae • subprime crisis • Office of Federal Housing Enterprise Oversight • financial crisis

Feds Boost Mortgage Limits

Ceiling on loans backed by Fannie Mae, Freddie Mac goes to $729K in 70 counties

Mar 6, 08 6:10 PM CST
(Newser) - Government-backed mortgage guarantors Fannie Mae and Freddie Mac can now back loans up to $729,750, the Wall Street Journal reports, after the Federal Housing Administration put into effect that provision of the federal economic stimulus package today. More than 70 counties in the US are subject to the new... More »

MORE ABOUT:
Federal Reserve • Freddie Mac • Fannie Mae • Federal Housing Administration • liquidity • loan limit

Depression-Era FHA Tries to Save Mortgages

Long-sidelined agency now a central player
in the credit crisis

Mar 6, 08 1:00 PM CST
(Newser) - It’s been a while since the Federal Housing Administration was relevant. But now policymakers are counting on the Depression-era agency, which mostly insures mortgages, to once again solve a housing crisis. FHA-insured loans are swiftly becoming substantially cheaper than their Fannie Mae or Freddie Mac backed counterparts. “The... More »

MORE ABOUT:
housing market • Freddie Mac • Fannie Mae • Federal Housing Administration • housing crisis • economic stimulus package • subprime crisis • mortgage insurance • FHA • FHA mortgage • Great Depression

Fannie,
Freddie OK Appraisal Deal

New code will discourage inflated appraisals for home mortgages

Mar 4, 08 8:20 AM CST
(Newser) - The nation’s two largest backers of home loans have reached a deal with New York Attorney General Andrew Cuomo that could help eliminate inflated mortgage appraisals, the Wall Street Journal reports. Fannie Mae and Freddie Mac have agreed to buy mortgages only from banks that follow a new code... More »

MORE ABOUT:
housing market • Freddie Mac • Andrew Cuomo • Fannie Mae • appraisals • subprime crisis

Freddie Mac Reports Record $2.45B Loss

Rising defaults break mark mortgage investor set ... last quarter

Feb 28, 08 10:27 AM CST
(Newser) - Freddie Mac, the nation’s second-largest mortgage finance company, lost $2.45 billion in 2007's fourth quarter, topping the record $2.02 billion it lost the previous quarter, Bloomberg reports. Freddie’s CEO predicted still-greater losses ahead as loan defaults take their toll, but said the company had raised enough... More »

MORE ABOUT:
earnings reports • mortgage • Freddie Mac • Fannie Mae • mortgage brokers • subprime crisis • mortgage defaults • financial crisis

Fannie Mae Loses Billions in Q4

Government-backed lender off $3.56B, but feds lifts restraints on portfolio

Feb 27, 08 10:48 AM CST
(Newser) - Fannie Mae reported huge fourth-quarter losses today, painting an ugly picture both of the economy and the mortgage giant's own future. The company lost $3.56 billion—triple what analysts expected, Bloomberg reports. Derivatives were the big culprit, accounting for $3.33 billion in losses, but the company also reported... More »

MORE ABOUT:
student loans • earnings reports • mortgage • Freddie Mac • Fannie Mae • credit market • subprime crisis • Office of Federal Housing Enterprise Oversight • financial crisis

SEC Probes WaMu Home Loans

Investigators focus on charges that appraisals were inflated

Dec 21, 07 4:06 AM CST
(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... More »

MORE ABOUT:
subprime mortgages • SEC • Freddie Mac • Andrew Cuomo • Fannie Mae • Washington Mutual • WaMu • Office of Thrift Supervision • First American Corp • appraisals • eAppraiseIT

Freddie Mac Chief: Housing Market Will Get Worse in 2008

Tells investors to expect losses in fourth quarter

Dec 12, 07 11:14 AM CST
(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... More »

MORE ABOUT:
subprime mortgages • foreclosure • mortgage • Freddie Mac • default • mortgage lender • financial crisis

Freddie Mac Loses $2B, Seeks Cash

No. 2 mortgage
lender's capital is close
to regulatory minimum

Nov 20, 07 8:51 AM CST
(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 “... More »

MORE ABOUT:
subprime mortgages • Freddie Mac • Fannie Mae • credit crisis • subprime crisis • financial crisis

Bernanke Sees More Housing Pain, ‘Relatively Strong’ System

Foreclosures continue, but market OK overall

Sep 20, 07 2:57 PM CDT
(Newser) - Federal Reserve chairman Ben Bernanke went before Congress today, two days after trimming the benchmark lending rate, and said new foreclosures will come as more subprime mortgages run out clocks on initial interest rates. Markets “do tend to self-correct” in crises, the economic guru said, and the global system... More »

MORE ABOUT:
Congress • Ben Bernanke • subprime mortgages • foreclosure • Freddie Mac • Fannie Mae • interest rate

Stocks Keep Up Rate-Cut Rally

iPhone sales spur market on

Sep 19, 07 3:39 PM CDT
(Newser) - The stock market kept rising one day after the Fed slashed key interest rates, as speculation that the housing slump might ebb compounded the biggest rally in four years. The Dow climbed 76.17 to 13815.56, while the Nasdaq rose 14.82 to close at 2666.48 and the... More »

MORE ABOUT:
Ben Bernanke • stock market • iPhone • housing market • Dow Jones • Nasdaq • Freddie Mac • Fannie Mae • AT and T • S&P 500

Bush Promises Mortgage Relief

Fed agencies to offer aid to help Americans during credit squeeze

Aug 31, 07 2:52 PM CDT
(Newser) - The government will roll up its sleeves and aid homeowners battered by the subprime mortgage crunch, but it will forsake “speculators” trying to exploit the crisis, President Bush said today. The FHA will step in and help delinquent borrowers avoid foreclosure by refinancing at lower rates, but experts predict... More »

MORE ABOUT:
housing market • subprime mortgages • foreclosure • home sales • global economy • US economy • Freddie Mac • Fannie Mae • Federal Housing Administration • private lenders • home resales • homeowners • borrowers • George W. Bush

Freddie Mac Posts 45%
Net Drop

Mortgage giant sees $320 million
loss on new mortgages in Q2

Aug 30, 07 9:51 AM CDT
(Newser) - Freddie Mac posted a 45% drop in net income for the second quarter, and said the outlook wasn't rosy for the third. The home-mortgage financier was hit with a $320 million loss on new mortgages. Freddie Mac doesn't buy subprimes directly, but is still affected by the general mortgage turmoil. More »

MORE ABOUT:
subprime mortgages • mortgage • finance • Freddie Mac • Richard Syron • financial crisis

Smaller Lenders Feel the Credit Squeeze

Boutique banks on the edge as liquidity crisis wears on

Aug 15, 07 11:03 AM CDT
(Newser) - As the subprime fallout continues and the credit squeeze tightens, thousands of smaller-scale mortgage banks find themselves in dire straits. The Wall Street Journal reports that small- and medium-sized lenders, even those with excellent credit quality, are suspending funding and laying off employees, which leaves giant corporations to grab more... More »

MORE ABOUT:
subprime mortgages • mortgage • loans • bank • Freddie Mac • Fannie Mae • liquidity • credit • Thornburg Mortgage • mortgage lender

Biggest Buyers Hit Hard in Mortgage Fiasco

‘Jumbo’ loans dry up
as subprime mess continues to spread

Aug 12, 07 11:50 AM CDT
(Newser) - As the subprime mortgage mess spreads to homeowners beyond those with poor credit ratings, jumbo mortgages are under particular pressure, the New York Times reports. An investment banker recently purchasing a $1.5 million home saw the interest rate spike from 8% to 13% in just three days. The rate... More »

MORE ABOUT:
subprime mortgages • mortgage • loans • Freddie Mac • home loans • Fannie Mae • investment bankers • homeowners

Bush Ready to 'Push Hard' for Biz Tax Breaks

But he knows it's
a tough sell

Aug 9, 07 7:04 AM CDT
(Newser) - President Bush is considering a new package of corporate tax breaks in a bid to perk up Wall Street, calm volatile markets and send a message the economy is sound, the Washington Post reports. At the same time he rejected Democratic proposals to allow Fannie Mae and Freddie Mac more... More »

MORE ABOUT:
taxes • Henry Paulson • business • Freddie Mac • Fannie Mae • Treasury Department • Federal Housing Administration • corporate tax • George W. Bush

Techs Surge Despite Late Drop

Nasdaq up more than 2%

Aug 8, 07 4:46 PM CDT
(Newser) - The major indexes were up again today, buoyed by the tech sector as the Nasdaq gained 51.38—more than 2%—to close at 2612.98. Losses just before the bell came close to erasing earlier gains, as rumors amplified that Goldman Sachs would liquidate a major fund and that... More »

MORE ABOUT:
stock market • Goldman Sachs • subprime mortgages • Bear Stearns • Freddie Mac • Fannie Mae • Cisco • Countrywide Financial

Home Resales Slump in June as Mortgage Rates Spike

Inventories are down; prices jump

Jul 25, 07 1:57 PM CDT
(Newser) - Sales of existing homes dropped in June to a 5-year low because of rising mortgage rates and stricter lending standards. Home resales dipped 3.8% from a 5.98 million annual rate in May to a 5.75 million rate now. "The housing recession looks far from over,"... More »

MORE ABOUT:
housing market • homes • mortgage • recession • houses • resales • economist • US economy • Freddie Mac • quarters • NAR

101 - 120 of 120 Stories | << Prev 1 2 3 4 5 6


from our news partners