Freddie Mac loses $6.3B but says it doesn't need more federal cash
USA Today (Free subscription) | 11/07/2009
Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't ...
2009 Ultimate Guide to Fannie Mae and Freddie Mac, Government Sponsored Enterprises (GSEs) - Treasury and Federal Housing Finance Agency Rescue Program, Credit Crisis and Wall Street Meltdown (CD-ROM)
USA Today (Free subscription) | 11/07/2009
Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't ...
Market Watch (Free subscription) | 11/06/2009
SAN FRANCISCO (MarketWatch) -- Freddie Mac late Friday reported its third-quarter net loss attributable to Freddie Mac narrowed to $5.01 billion from a loss of $25.3 billion in the same quarter a year earlier. After payment of $1.3 billion dividend on its senior preferred stock to the Treasury Department, Freddie Mac's net loss attributable to common stockholders was $6.3 billion, or $1.94 a share....
Market Watch (Free subscription) | 11/05/2009
Rates on 30-year fixed-rate mortgages average 4.98% for the week ending Nov. 5, down from 5.03% the previous week, says Freddie Mac’s weekly survey.
Market Watch (Free subscription) | 11/05/2009
CHICAGO (MarketWatch) -- Rates on 30-year fixed-rate mortgages averaged 4.98% for the week ending Nov. 5, down from a 5.03% average last week and 6.20% a year ago, according to Freddie Mac's [S:FRE] weekly survey of conforming mortgage rates, released on Thursday. The 15-year fixed-rate mortgage averaged 4.40%, down from 4.46% last week. Rates on 5-year Treasury-indexed hybrid adjustable-rate mortgages...
Market Wire (Free subscription) | 10/30/2009
WASHINGTON, DC (MARKET WIRE) The National Association of Realtors(R) thanked Congress for speedy action in passing a congressional resolution yesterday that would extend the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. The present loan limits would expire at the end of 2009 and revert to previous lower limits.
Market Watch (Free subscription) | 10/29/2009
Mortgage rates edge higher this week as mixed economic signals limited interest-rate moves, Freddie Mac said in its weekly rate survey.
Market Watch (Free subscription) | 10/29/2009
SAN FRANCISCO (MarketWatch) -- Freddie Mac said Thursday that the average 30-year fixed mortgage rate was nearly flat, rising only a few basis points from a week ago. The 30-year fixed-rate mortgage averaged 5.03% with an average 0.7 point for the week ending Oct. 29. Last week, the average was 5.00% and a year ago at this time it was 6.46%. "Interest rates for 30-year fixed mortgages have averaged...
SeekingAlpha.com (Free subscription) | 10/23/2009
There is not much liquidity for commercial mortgages in the retail, office or hospitality sectors of the commercial real estate industry, but there’s plenty of capital available for multi-family (apartment) buildings. The good news is that the government is lending massive amounts of money against apartment properties; the bad news is that no one else is. Virtually all the institutional loans...
PR News Wire (Free subscription) | 10/23/2009
ONEIDA, N.Y., Oct. 23 /PRNewswire-FirstCall/ -- Oneida Financial Corp. (Nasdaq: ONFC), the parent company of The Oneida Savings Bank, has announced third quarter operating results. Net income for the three months ending September 30, 2009 was $696,000, or $0.09 diluted earnings per share compared to a net loss of $4.4 million for the three months ended September 30, 2008. Net income for the nine months...
POGO Blog (Free subscription) | 10/23/2009
Report: Rebate needed for Baghdad embassy work [Government Executive] Freddie Mac, Given Oversight of Mortgage Mod Program, Falls Down on Job [ProPublica] New consumer financial agency passes its first test [The Hill] Ethics laws can't work [Felix Salmon] Audit clears...
SeekingAlpha.com (Free subscription) | 10/23/2009
Edward Harrison submits: In August, the Kansas Supreme Court issued a ruling against a mortgage tracking service which may prove very costly to banks in foreclosure, leading to massive writedowns. It could be a life saver for many trapped in the foreclosure process. The case goes to the core of the functioning of massive markets in securitization and derivatives and has wide-ranging importance. The...
Market Watch (Free subscription) | 10/22/2009
Long-term mortgage rates followed bond rates higher this week, although the one-year adjustable-rate loan turned lower, Freddie Mac says.
Market Watch (Free subscription) | 10/22/2009
SAN FRANCISCO (MarketWatch) -- Freddie Mac said Thursday that the 30-year fixed rate mortgage average rose slightly to 5% with an average 0.7 point for the week ending Oct. 22. Last week, the average was 4.92%, and a year ago it was 6.04%. "Following bond yields, long-term mortgages rates edged up slightly this week," said Frank Nothaft, Freddie Mac chief economist, in a statement. "Although...
PR News Wire (Free subscription) | 10/20/2009
BILOXI, Miss., Oct. 20 /PRNewswire-FirstCall/ -- Peoples Financial Corporation (Nasdaq: PFBX), parent of The Peoples Bank, earned $974,000 in the third quarter of 2009, reversing a loss recorded in the same period last year due to non-cash charges related to an investment in preferred shares of Federal Home Loan Mortgage Company, commonly known as Freddie Mac, announced Chevis C. Swetman, Chairman...
iStockAnalyst.com (Free subscription) | 10/19/2009
According to Bose George analyst at Keefe, Bruyette & Woods, the two government sponsored entities that buy mortgages from banks have zero value to common shareholders. KBW downgraded the shares to Underperform and lowered the price target to zero from $1. The primary concern is that the mortgage giants have been bailed by the government to the tune of nearly $100 billion, and according to George...
The 3 latest articles published by users on Freddie Mac :
shugaray | 09/24/2008
John McCain’s Campaign Manager Was Paid By Freddie Mac
l8in | 09/24/2008
Fannie Mae and Freddie Mac taken over by the US Government. The two companies combined accounts total more than $4 trillion. They hold the mortgages of HALF the homes in the USA. And they collapsed. No damaging boardroom battles here, though. Nationalisation, and by a right wing American Government at that. The US Treasury said, "Fannie Mae and Freddie Mac are so large and interwoven in our financial...