Freddie Mac

Bailouts, CDS Defaults, and DeJa Vu

admin_huliq — Tue, 09 Sep 2008 11:57:17 -0500

The historic bailout of Fannie and Freddie by the US Treasury turned out to be only one story in a very interesting and volatile trading day yesterday. The repercussions of the Treasury's action will be weighed for some time, however, the tightening of mortgage bond spreads seems to be the most positive immediate benefit of the plan.

Fannie Mae and Freddie Mac Placed Into Conservatorship

jredz — Mon, 08 Sep 2008 23:54:33 -0500

Secretary Henry Paulson and FHFA Director James Lockhart, on September 07 2008, announced the official government takeover of mortgage giants Fannie Mae and Freddie Mac. The takeover comes as the mortgage industry continues to deteriorate due to tightening credit standards and the continued downturn in home values.

Can Treasury Take Over Fannie Mae And Freddie Mac?

erku — Sat, 06 Sep 2008 10:40:52 -0500

The short answer whether Treasury Department can take over Freddie Mac and Fannie Mae is: “yes”, initially the government can do whatever they want to do. The long answer is “no”, it’s not that easy.

Fannie Mae, Freddie Mac Bailout Close At Hand

erku — Sat, 06 Sep 2008 10:29:15 -0500

The Wall Street Journal is reporting Treasury Is Close to Finalizing Plan to Backstop Fannie, Freddie.

Who to Blame for Fannie Mae and Freddie Mac

admin_huliq — Wed, 06 Aug 2008 06:18:12 -0500

As a free market advocate I am concerned about federal bailout of private financial firms whether it is Bear Sterns, Long Term Capital or Fannie Mae and Freddie Mac. What was the SEC and other federal regulatory agencies (OCC) doing when these firms were engaging in ridiculous practices?

Freddie Mac Lost 821 Million In The Second Quarter

admin_huliq — Wed, 06 Aug 2008 06:14:35 -0500

Freddie Mac today reported its corporate earnings for the second quarter and as expected by many analysts it eneded up having a big loss. The mortgage lender company lost 821 million dollars in the second quarter.

Bush Signed The Housing Bill, Here is What It Means

admin_huliq — Wed, 30 Jul 2008 07:51:34 -0500

President Bush this morning signed the housing bill, some think it's a good news, some don't.

Fannie and Freddie Bailout, SEC Crack Down on Rumors

admin_huliq — Mon, 14 Jul 2008 08:50:29 -0500

Treasury and Fed Promise Bailout for Fannie and Feddie, SEC Crack Down on Rumors. Bloomberg reports that US Stock-Index Futures Gain; Fannie Mae, Freddie Mac Advance.

Are Fannie Mae and Freddie Mac Too Big To Save?

admin_huliq — Fri, 11 Jul 2008 14:53:01 -0500

The financial crisis symptom de jure: the struggles faced by Freddie Mac and Fannie Mae the giant mortgage loan repackaging companies chartered by the U.S. government, and (assumed to be) guaranteed by Congress. In fact the loan guarantees with the Treasury Department that are available to the companies amount to only a few billion dollars, so the US government's official obligation to help is miniscule.

John McCain Says Freddie Mack, Fannie Mae Must Not Fail

admin_huliq — Fri, 11 Jul 2008 14:20:34 -0500

John McCain discusses Freddie Mac and Fannie Mae. He says they must not fail and cannot fail, but he thinks that at this time there is no requirement for a government bailout. McCain says he wants to look at all the options to keep the companies viable.

Mortgage Aid Passes Senate

jredz — Wed, 21 May 2008 00:04:18 -0500

The Federal Housing Finance Regulatory Reform Act of 2008 passed the senate with an overwhelming 19 to 2 vote. The new act is designed to help stem the foreclosure crisis and to reform regulations of Fannie Mae, Freddie Mac and the Federal Home Loan Bank system.

Freddie Posts Loss, Increases Level 3 Assets to "Beat" Estimates

admin_huliq — Wed, 14 May 2008 12:00:21 -0500

Freddie Mac shares rose this morning as the company posted a narrower loss than estimated by analysts. Freddie lost $151 million in the first quarter.