Treasury Secretary Timothy Geithner said that plans to redesign the way Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) do business have been pushed back until 2011. However, a set of principles and objectives for the two mortgage giants will be outlined before the close of this year.
The news comes just as Freddie Mac [...]
All Posts Tagged With: "Fannie Mae"
Freddie Mac (NYSE: FRE) Q4 Loss Narrows; Gov’t To Delay Reform On Freddie & Fannie Mae (NYSE: FNM)
Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE) Execs May Earn $6 Million, Gov’t To Withdraw $400 Billion Financial Aid Cap
According to regulatory filings, Fannie Mae (NYSE: FNM) Chief Executive Michael Williams and Freddie Mac CEO Charles Halderman Jr. are each eligible to receive compensation for 2009 that could reach $6 million.
The two mortgage giants, which were taken into conservatorship in 2008 by the U.S. government, have seen plenty of debate over the past year [...]
Fannie Mae (NYSE: FNM) Posts Third-Quarter Loss, Requests $15 Billion In Aid
Fannie Mae (NYSE: FNM) announced Thursday evening it lost $18.9 billion in the third quarter as the number of delinquent loans it holds continues to surge. The loss is larger than a year ago, when the company was in the red by $14.8 billion.
Struggling to keep its net worth above zero all year; with this [...]
Is the Federal Housing Administration Next to be Bailed Out?
In testimony before a House committee in Washington yesterday, former chief credit officer for Fannie Mae said that the Federal Housing Administration (FHA) could need to be bailed out by the taxpayers sometime in the next 24 to 36 months, saying its has $54 billion over the amount of losses it can sustain.
The FHA primarily [...]
Foreign Appetite For U.S. Debt Takes Massive Dip In July
Worries over the impact of ever increasing federal deficits proved to be warranted as the Treasury Department reported Wednesday that foreign demand for long-term U.S. assets tumbled in July compared to June. Net buying of long-term notes and bonds only totaled $15.3 billion, much less than the $90.2 billion in net purchases for June.
July’s results [...]
Fannie Mae Posts $15.2 Billion Loss, Seeks $10.7 Billion In Gov’t Aid
Fannie Mae announced plans Thursday to access another $10.7 billion in government aid. The move follows a second quarter earnings report that showed the mortgage giant lost $15.2 billion during the period.
Last year, the government said it would make up to $400 million in aid available to Fannie Mae and Freddie Mac. The two mortgage [...]
Yeah he can really say that if the government is waiting for the release of the positive result which will ...
I've only seen blog mentality reporting from this site, and don't take much merit in anything it says. 
This dog of a stock is finally moving in the right direction, and then "Citibank's team of equity strategists" downgrade ...