Freddie

Source: money.cnn.com --- 19 hours ago
Read full story for latest details. ...

Source: www.cnn.com --- 18 hours ago
Read full story for latest details. ...

Source: xml.news.aol.com --- 17 hours ago
Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan. ...

Source: www.washingtonpost.com --- 20 hours ago
NEW YORK -- As mortgage financiers Fannie Mae and Freddie Mac struggle with continuing credit losses, their ability to raise needed capital is uncertain and, analysts say, is complicated by the possibility of a government bailout of the two companies. ...

Source: www.moreover.com --- 16 hours ago
NEW YORK (CNNMoney.com) -- Battered mortgage giants Fannie Mae and Freddie Mac took yet another hit at the start of trading Wednesday as concerns grew about a possible government bailout. ...

Source: seattletimes.nwsource.com --- 23 hours ago
Fannie Mae and Freddie Mac may or may not need a government bailout, but the turmoil surrounding the mortgage-finance companies' decline has already meant four things for borrowers: higher interest rates, more fees and closing costs, bigger down payments and fewer loan choices. ...

Source: www.portfolio.com --- 16 hours ago
What will it take for the government to step in finally and bail out Fannie Mae and Freddie Mac ? The stock market has clearly indicated that a bailout is inevitable, as the share prices of the two mortgage giants continue to slide toward zero. On Tuesday, Freddie Mac had to pay an unusually rich premium to sell $3 billion of five-year notes. Dawn Kopecki of Bloomberg News reports that the test may be the ability of Fannie and Freddie to repay some $223 billion of bonds that come due by the end of next month. Fannie has about $120 billion of debt that matures through September 30, while Freddie has $103 billion, Bloomberg says. Moshe Orenbuch, an analyst with Credit Suisse in New York, told Bloomberg that their ability to roll over the debt "is the single-most-important factor to their ability to remain liquid." But the auction of Freddie Mac notes on Tuesday showed that investors—Asian investors in particular, who have historically been the biggest buyers of Fannie and Freddie securities—are becoming more leery, making the rollover of the debt far from certain. The Across the Curve blog notes that central banks and other investors are worried about the uncertainty over whether the Treasury Department has any intention of using its new authority to pump billions of dollars into the mortgage giants: "Some are troubled by the recent statements of Secretary Paulson that he is not eager to use his new powers. Some have extrapolated fr ...

Source: www.bloggingstocks.com --- 17 hours ago
Filed under: Bad news , Market matters , Federal Natl Mtge (FNM) Henry Paulson is maneuvering himself into the history books by forcing Fannie Mae (NYSE: FNM ) and Freddie Mac (NYSE: FRE ) into a spiral of doom from which they can't recover. He had plenty of help from the directors and executives who sit atop them. But it's becoming clear that since Saturday's Barron's article , laying out the path to failure, events are spiraling out of Fannie and Freddie's control. The anonymous senior government source in the Barron's article said that unless Fannie and Freddie could raise at least $10 billion each, the government would bail them out while wiping out common shareholders and eliminating the preferred dividend. This would lead to a sell off of bad loans, a split into smaller pieces, and maybe selling those pieces back to the public. All these activities are a government gift to Wall Street, which will get to do all these deals. Events are following this predicted pattern as Fannie and Freddie struggle to raise capital. The New York Times reports that investors are not enthusiastic about the most recent efforts to raise capital by Freddie Mac. It reports that on Tuesday, Freddie Mac raised $3 billion in five-year debt but the "1.13 percentage points [premium] over the rate the federal government pays for comparable borrowing" was more than double the "0.6 points" premium it paid earlier in the year. Continue reading How Fannie and ...

Source: www.cumberlink.com --- 16 hours ago
WASHINGTON - Shares of mortgage finance companies Fannie Mae and Freddie Mac continued their plunge Wednesday as investors are increasingly convinced that the stocks will drop to zero if the government bails out the troubled companies. ...

Source: blownmortgage.disqus.com --- 22 hours ago
Fannie Mae and Freddie Mac are on the verge of government intervention, reports the Financial Times. As credit worries continue to wreak havoc on the financial markets liquidity concerns at the two massive GSE’s sparked a stock sell-off that left both company’s stocks down nearly 25%. Any government intervention or recapitalization would severely undercut the value [...] ...

Source: www.herald.ie --- 18 hours ago
Gangland boss ‘Fat’ Freddie Thompson has been arrested by detectives in Dublin. ...

Source: www.therealdeal.net --- 17 hours ago
Although the U.S. Treasury Department has said a government bailout for Fannie Mae and Freddie Mac wasn't needed, the companies' financial conditions are worsening and the government may have to provide assistance. Fannie and Freddie's stock prices fell 24 percent in the past two days, and more than 85 percent since December. The companies have lost $14 billion in the last year, and more losses are expected. The federal housing rescue package approved late last month gives the Treasury Department the authority to bail out Fannie and Freddie .  ...

Source: www.marketwatch.com --- 16 hours ago
Shares of Fannie Mae and Freddie Mac fall over 10%, as the broader financial sector once again slipped into the red in early action. ...

Source: www.topix.com --- 19 hours ago
WASHINGTON - Whether the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case ... ...

Source: pfblogs.org --- 19 hours ago
Dah Hui Lau submits: Bill Miller has increased his stake in Freddie (FRE) and now owns 12.2% of the company. Besides Bill Miller, other smart managers such as Richard Pzena, Charles Brandes, David Dreman and others are long on FRE. On the other hand, there are smart people like Bill Ackman, Whitney Tilson and others that short FRE.Complete Story » ... ...