CEO Daniel Mudd

Seattle Post Intelligencer S&P warns on Fannie, Freddie debt, preferred stock MarketWatch -6 hours ago Fannie and Freddie finance more than half of the mortgages in the US, so they're crucial to the health of the housing market. However, their huge mortgage… Video: House Bails Out LendersCBS Fannie Mae and Freddie Mac: Too Fat to FailU.S. News & World Report S&P Puts Fannie and Freddie on Credit Watch NegativeBusinessWeek Los Angeles Times - MarketWatch all 4,650 news articles More... Read Full Story

Support for Fannie Mae and Freddie Mac -- the government-sponsored enterprises (GSEs) -- which offer loans and loan guarantees in the housing market is a key reason why President Bush dropped his threat to veto a major new housing bill and allow it to become law, according to the White House. The housing bill, which is set for final approval in the Senate Saturday, gives the Treasury Department emergency power to prop up Fannie and Freddie, which are the two biggest sources of U.S. home... Read Full Story

With Tropical Storm Dolly looking like less of a threat to oilfields, and with Congress running speculation restrictions up the flagpole, oil is taking a break today in its historic run-up. As I write this, the Dow, NASDAQ, and S&P are up by a hair, and oil is selling for somewhere around $127.95 per barrel, down about $3 on the day. Though the Senate voted 94-0 to limit debate on proposed legislation lassoing speculation in the oil market, they still have 30 hours to do so, and Republicans... Read Full Story

Wow, McCain hasn't fired me up this much since...well not for a long time. I was hoping to hear something like this. It cuts through the mindless conformity now prevailing in Washington. It draws good contrast with both McCain and Bush. By the way, praising Bush for lower gas prices and then attacking this bill gives McCain credibility. Link. Americans should be outraged at the latest sweetheart deal in Washington. Congress will put U.S. taxpayers on the hook for potentially hundreds of... Read Full Story

The National Multi Housing Council (NMHC) and National Apartment Association's (NAA) joint legislative program issued a statement in response to the Senate's recent passage of H.R. 3221. The measure will now head to conference committee, which will produce a conference report that will be subject to a final floor vote in the House. According to the press release, the apartment industry is pleased with the overall balance between homeownership related measures and apartment rental housing... Read Full Story