All Entries Tagged With: "Fannie Mae"
Freddie Mac and Fannie Mae drew solid demand for $5 billion new securities
Freddie Mac and Fannie Mae saw unyielding demand for $5 billion of new securities on Wednesday, even when large overseas investors slashed their exposure to
Fannie Mae share price up after management shake-up
For the fourth day in the row Freddie Mac and Fannie Mae’s share prices have shot up, this is after a management move around and analysts predicting that the two mortgage finance giants will not need a government-engineered bailout.
It was only yesterday that Fannie Mae announced the shake-up in its management team, and it seems [...]
Freddie Mac and Fannie Mae share prices rise
Pressure has eased off for U.S. Treasury Secretary Henry Paulson to step in with a bailout the two U.S. mortgage finance companies Freddie Mac and Fannie Mae, this comes as
Freddie Mac sold $2 billion in short-term debt
This could be promising news for investors of U.S. mortgage finance companies Freddie Mac and Fannie Mae, $2 billion of Freddie Macs short term debt was sold on Monday, this could
Warren Buffet warns Freddie Mac and Fannie Mae investors
As billionaire investor Warren Buffet voices his opinion on the already struggling Freddie Mac and Fannie Mae, his negative comments only push the
Troubled Freddie Mac and Fannie Mae send Radian shares to plummet
If the U.S. is not facing enough of a property crisis as it is, now shares in Radian Group Inc, the mortgage insurer plunged on Wednesday after more concerns about the mortgage
$US2.3bn loss for Fannie Mae, days after $US821m loss for Freddie Mac
More bad news for the U.S. housing market, Fannie Mae one of the two main U.S. mortgage providers have announced losses of $US2.3 billion in the second quarter, and it’s looking likely that there will be more
Freddie Mac ignored warnings of the potential losses
Warnings to Freddie Mac were ignored back in 2004, the warning came from the former risk manager, David Andrukonis, who told the head of Freddie Mac that the
President George W. Bush signs the foreclosure-prevention measure today
President George W. Bush signed the law legislation at the White House just after 7am today, the new legislation helps more than 400,000 homeowners foreclosure and extends a lifeline to Fannie Mae and
Mortgage rates increasing due to Fannie and Freddie
Mortgage rates are now rising due to the troubles of the two big U.S. mortgage lenders, Fannie Mae and Freddie Mac. This will cause yet another blow to the already fragile housing market.
Just as the government stepped in to save the two mortgage lenders, home loan rates were
Fannie Mae shareholders pain: $5 Billion Homes Unsold
Fannie Mae, who is the largest U.S. mortgage finance company are giving their shareholders a lot of pain. There are reports that Fannie Mae have $5 Billion Homes Unsold, in one case a buyer would not pay $6,900 for the three-bedroom house, the broker who is handling the foreclosure has suggested cutting the price to [...]
Fannie, Freddie Rescue will cost taxpayers $25 billion
The Fannie Mae and Freddie Mac rescue plan from the U.S. government looks set to cost the taxpayers around $25 billion over two years.
CBO, a nonpartisan agency in Washington has said that there is
Fannie Mae and Freddie Mac shares drop on fresh fears
It seems as if Fannie Mae and Freddie Mac mortgage buyers worries are far from over, their shares have dropped yet again following fresh fears over how investors and taxpayers would be affected by the U.S. government, using public money to prop the troubled banks up.
Shares of Fannie fell 28% to close at $7.03 while [...]
Dollar up after U.S. Treasury help Fannie, Freddie
The dollar is now up slightly after falling to a record low against the euro on Monday, this comes after news that the U.S. Treasury and Federal Reserve launched measures to step in and save the two biggest mortgages lenders in the U.S. Fannie Mae and Freddie Mac.
Fannie Mae, Freddie Mac crisis: higher loan rates to come
The crisis that surrounds troubled mortgage giants Fannie Mae and Freddie Mac is about to have a huge effect on getting a home loan. In a time when it is already hard to get a mortgage for a new home, things look set to get tougher as we could be in for higher loan rates.