All Entries Tagged With: "Fannie Mae"
Should the taxpayer rescue Fannie and Freddie
One of the most talked about things in the global markets has to be Fannie Mae and Freddie Mac; these are the two most important companies in the world. Although these are two banks they do share one problem, not making a profit, instead they are making a loss. Well it seems as if the [...]
Seoul shares gain 2 percent after mortgage news
Seoul shares have extended their gains by 2 percent higher on Friday afternoon; this is showing that there is a regional recovery. Most of this recovery is a direct result of the U.S. Government coming in and taking over from troubled banks Fannie Mae and Freddie Mac.
Fannie Mae, Freddie Mac help Tokyo shares
Asian shares especially in Tokyo have rallied following the news that the U.S. Government have stepped in to bail out banks, Fannie Mae, Freddie Mac. It is also suggested that ten-year yields may rise because of the efforts to helps those companies.
John McCain: Fannie Mae, Freddie Mac needs to be saved
They are the two biggest providers for finance in the U.S., Fannie Mae and Freddie Mac, have fell to their lowest level in 17 years, this follows a recent statement from the Federal Reserve president who said that the companies need to be rescued by the government.
Freddie Mac has lost 34 percent while Fannie Mac [...]
Freddie Mac & Fannie Mae committed to raising more capital
Henry Paulson, the U.S. Treasury Secretary has been saying how pleased he is that Freddie Mac and Fannie Mae are committed to raising more capital this spring, he also commented about the reform of the government-sponsored enterprises, saying that is the best way to combat foreclosures.
Fannie Mae and Freddie Mac shares fall more than 15%
Fannie Mae and Freddie Mac have seen a 15% fall in their shares and it looks as though IndyMac are also in trouble. The drop in shares is a sign that confidence in these two government-sponsored mortgage companies is at an all time low.
Shares on Monday for Fannie and Freddie hit a 14 year low, [...]