Freddie Mac

Mortgage Giants Fannie Mae and Freddie Mac got an early Christmas Gift over the holiday, now where does this leave us?Contributor: Jesse SchmittPublished: Dec 29, 2009  

Speculators poured into shares of Fannie Mae and Freddie Mac on Monday, the first day of trading after the Obama administration in effect gave the companies blank checks of federal support. But exactly how the government's move makes a payoff for Fannie and Freddie shareholders more likely in the long run, rather than less likely, ought to puzzle most investors. The stock market's reaction mystifies veteran banking analyst Bert Ely at Ely & Co...  

Both these programs are the ground zeros of the financial disaster of the last few years. A Christmas Eve White House decision that nobody will notice. President Obama and his treasury secretary, Timothy Geithner, have elected to increase loss coverage for the Government Sponsored Enterprises (GSE) of Fannie Mae and Freddie Mac from $200 billion to unlimited for the next three years. So much for transparency, but there is more! The GSEs are...  

Fiscal Follies: While Americans are distracted by the holidays and a failed terror attack, Washington is giving another blank check to Fannie Mae and Freddie Mac. Say, isn't this how we got into trouble before? When Fannie Mae and Freddie Mac, the two bankrupt, government-sponsored mortgage companies, were first bailed out in 2008, Americans were stunned that they'd have to pony up $200 billion. But Congress and the White House assured us it...  

Barney Frank's decision to 'roll the dice' on subsidized housing is becoming an epic disaster for taxpayers. On Christmas Eve, when most Americans' minds were on other things, the Treasury Department announced that it was removing the $400 billion cap from what the administration believes will be necessary to keep Fannie Mae and Freddie Mac solvent. This action confirms that the decade-long congressional failure to more closely regulate these...  

Since Nick already discussed the major movement today in Freddie Mac (FRE), I figured it was only fair that I take a look at Freddie's mortgage-lending sibling, Fannie Mae (FNM)...(Read More)  

On Christmas Eve, the government announced it would uncap the amount of bailout money allotted for Fannie Mae and Freddie Mac, giving the two mortgage giants any amount they need over the next three years. This week, in a Wall Street segment, financial journalists debated whether the move was a sign that the government is getting ready to prop up the housing market once again. “They don’t necessarily need the money, but the Treasury will lose...  

BOSTON (MarketWatch) -- Shares of mortgage-finance giants Fannie Mae and Freddie Mac were up more than 20% in premarket trading Monday. Late last week, reports surfaced that the U.S. Treasury Department has agreed to provide Fannie Mae and Freddie Mac with as much capital as they need over the next three years. The companies were placed in government conservatorship in 2008. Market Pulse Stories are Rapid-fire, short news bursts on stocks...  

SAN FRANCISCO – The government’s decision to provide unlimited support to Fannie Mae and Freddie Mac probably is a sign of more aggressive action in the future to prop up the U.S. housing market. The government may put a mortgage-modification effort, called the Home Affordable Modification Program, or HAMP, into overdrive in coming years, pushing for reductions in the principal outstanding on home loans overseen by Fannie and Freddie, Bose...  

The U.S. government’s expanded capital backstops and portfolio limits for Fannie Mae and Freddie Mac increase “the prospect of large-scale” purchases by the companies of delinquent mortgages out of the securities they guarantee, according to Credit Suisse Group analysts.  

The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thursday it removed the $400 billion financial cap on the money it will provide to keep the companies afloat. Already, taxpayers... Fannie Mae - Freddie Mac - Mortgage - United States Department of the Treasury - Treasury Department  

Call it a Christmas gift for the mortgage giants. Shares of Fannie Mae and Freddie Mac were up big yesterday on the Treasury Department's Christmas Eve announcement that it would issue blank check support to the troubled lenders. Fannie Mae shares were up 21 percent and shares of Freddie Mac rose 27 percent during yesterday's trading. The Treasury Department removed a $200 billion cap on its support for the two lenders, which signaled to...  

BBC NewsFannie, Freddie CEOs May Receive $6 Million for 2009BusinessWeekDec. 24 (Bloomberg) -- Fannie Mae Chief Executive Officer Michael Williams and Freddie Mac CEO Charles Haldeman Jr. are each eligible for ...Santa showers Fannie, Freddie with cashCNNMoney.comFannie Mae and Freddie Mac CEOs' salaries may top $6 Million for 2009New York Daily NewsFannie Mae, Freddie Mac CEOs could each earn $6 million a yearLos Angeles TimesNewsday...  

Richard Suttmeier submits: Long and Winding Road for Fannie (FNM) and Freddie (FRE)The Housing and Economic Recovery Act (HERA) of 2008 set the terms for Conservatorship of Fannie Mae and Freddie Mac with a wind down date of December 31, 2009. The Enterprise MBS program will end the year at approximately $220 billion up from $202 billion shown on November 16, 2009. The GSE Liquidity Facility will end at zero having never been used.click to...  

David Merkel submits: 1) It seems that the U.S. Government is determined to dilute its creditworthiness, and extend a large amount of credit to Fannie and Freddie. My view is that it will not lower yields for Fannie Mae (FNM) and Freddie Mac (FRE) as much as raise yields for Treasuries. The debt level of the U.S. Government is rising — they haven’t absorbed the debts of Fannie and Freddie yet, but they might. Articles: Fannie/Freddie...