Freddie Mac

Federal Housing Administration Commissioner David Stevens says concerns that the agency is headed for the same financial trouble that snared Fannie Mae, Freddie Mac and the subprime sector are unwarranted. Stevens made the remarks during a speech at the... Freddie Mac - Fannie Mae - Federal Housing Administration - Subprime lending - Business  

MCLEAN, Va., Nov. 13 -- Freddie Mac (NYSE: FRE) today issued its 2010 funding calendars, which provide optional announcement dates for Reference Notes® securities and announcement and auction dates for Reference Bills® securities. The 2010 funding calendars are ava...  

The Service Employees International Union has Goldman Sachs in its sights.   Why not  Fannie Mae, Freddie Mac or Congress? The union will lead a protest Monday in front of the building that houses Goldman's Washington offices (one wonders why they aren't protesting in front of the New York office given that the DC office doesn't house [...]  

MCLEAN, Va., Nov. 12 -- Freddie Mac's (NYSE: FRE) conforming loan purchase limits for 2010 are unchanged from those in effect for 2009 for all areas of the United States, according to the Federal Housing Finance Agency (FHFA). The loan limits set the maximum original...  

Fannie Mae is in more financial trouble:Fannie Mae, the federally controlled mortgage finance giant, said Thursday it lost $19 billion in the third quarter and had submitted a request to the Treasury Department for $15 billion in more aid to stay afloat.District-based Fannie Mae and its McLean sibling, Freddie Mac, were seized in early September 2008 by the federal government. Since then, Fannie Mae has lost $111 billion. The $15 billion in...  

Mortgage giant Freddie Mac (FRE: 1.23 0.00%) posted a $5bn net loss in Q309 at $10.4bn net worth as of September 30. Unlike sister GSE Fannie Mae (FNM: 1.04 0.00%), Freddie said it would not require additional Treasury Department funds ...  

The Wall Street Journal is reporting that Fannie Mae and Freddie Mac, which have already consumed $112 billion in taxpayer bailouts, may have additional losses if they can’t recoup claims from struggling private mortgage insurers. From the Journal: Fannie Mae has about $109.5 billion of mortgage-insurance coverage in force, which represents 4 percent of all single-family home [...]  

Freddie Mac (FRE.N) (FRE.P), the second largest provider of U.S. residential mortgage funding, said on Friday it lost $5 billion in the third quarter and predicted it would require further support from the Treasury amid a "prolonged deterioration" in housing.  

Der US-Hypothekenfinanzierer Freddie Mac musste im dritten Quartal ein Minus von fünf Milliarden Dollar hinnehmen. Wie sein Schwesterkonzern Fannie Mae will das Institut den Staat nun um weitere finanzielle Unterstützung bitten. Derweil geht das Bankensterben in den USA weiter.  

Once it seemed like a radical idea: Let delinquent borrowers stay in their homes as renters after foreclosure. Last week it gained legitimacy when housing giant Fannie Mae said it would do just that, offering one-year leases at market rates to people who sign... Foreclosure - Fannie Mae - Real estate - Business - Freddie Mac  

U.S. News & World Report - With foreclosures continuing to mount, housing finance giant Fannie Mae has introduced a fresh approach to keeping struggling borrowers in their homes: turning them into tenants. Fannie Mae--which, along with Freddie Mac, owns or guarantees nearly $5.5 trillion in mortgages--announced last week its Deed for Lease initiative, in which property owners facing foreclosure can remain in their homes as renters. Under the...  

Yesterday I posted some excerpt from Freddie Mac's 10-Q: We believe that several of our mortgage insurance counterparties are at risk of falling out of compliance with regulatory capital requirements, which may result in regulatory actions that could threaten our ability to receive future claims payments, and negatively impact our access to mortgage insurance for high LTV loans. The WSJ has more tonight, including the risks to Fannie Mae...  

Who is watching the hen-house full of 6 trillion dollars? If you are thinking about Fannie Mae and Freddie Mac, today the answer is nobody. The agencies inspector general must have been getting too close to the truth as he has been fired in a complicated bureaucratic maneuver and now there is no oversight of the [...]Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers...  

The Federal Reserve Bank of New York bought $16bn of mortgage-backed securities (MBS) from housing finance agencies Freddie Mac (FRE: 1.23 -1.60%), Fannie Mae (FNM: 1.04 -7.14%) and Ginnie Mae in the week ending November 4. The Fed bought $3.27bn from Freddie, $12.55bn from Fannie and $175m from Ginnie. For the first week in months, were [...]  

In July 2008 Nobel laureate Paul Krugman wrote that Fannie Mae and Freddie Mac (the GSEs) "didn't do any subprime lending, because they can't: the definition of a subprime loan is precisely a loan that doesn't meet the requirement, imposed by law, that Fannie and Freddie buy only mortgages issued to borrowers who made substantial down payments and carefully documented their income." (New York Times, July 18, 2008) Earlier this month he...