Calculated Risk (Free subscription) | yesterday
You really want to watch this CNBC video interview with OFHEO's Director James Lockhart. Although you won't get an answer to one nagging question--who let that man out of the house in that shirt with that tie and that jacket'--you might enjoy Lockhart's dogged ability to keep making calm answers to increasingly hysterical questions.
The Street (Free subscription) | yesterday
The government-sponsored mortgage giants received a boost from calming comments from Treasury Secretary Henry Paulson and regulator James Lockhart, director of OFHEO.
The Street (Free subscription) | yesterday
The government-sponsored mortgage giants will not likely be forced to raise capital due to an accounting change being considered, OFHEO Director James Lockhart said.
Financial Time (Free subscription) | yesterday
The regulator of and on Tuesday tried to ease investors’ fears that the two government-sponsored mortgage financiers could have to raise billions of dollars of capital in response to potential accounting changes.James Lockhart, director of the Office of Federal Housing and Enterprise Oversight, said in an interview on CNBC: “I have to tell you that an accounting change should not drive...
Miami Herald (Free subscription) | yesterday
... pools of loans - are one of Fannie Mae and Freddie Mac's primary sources of generating new revenue.James Lockhart, the director of the Office of Federal Housing Enterprise Oversight, said during an interview Tuesday with CNBC, "an accounting change should not drive a capital change."OFHEO, which acts as Fannie and Freddie's regulator, declined to comment further than Lockhart's...
Examiner (Free subscription) | yesterday
... pools of loans - are one of Fannie Mae and Freddie Mac's primary sources of generating new revenue.James Lockhart, the director of the Office of Federal Housing Enterprise Oversight, said during an interview Tuesday with CNBC, "an accounting change should not drive a capital change."OFHEO, which acts as Fannie and Freddie's regulator, declined to comment further than Lockhart's...
Star Tribune (Free subscription) | yesterday
... pools of loans — are one of Fannie Mae and Freddie Mac's primary sources of generating new revenue.James Lockhart, the director of the Office of Federal Housing Enterprise Oversight, said during an interview Tuesday with CNBC, "an accounting change should not drive a capital change."OFHEO, which acts as Fannie and Freddie's regulator, declined to comment further than Lockhart's...
Seattle Post-Intelligencer (Free subscription) | yesterday
... pools of loans - are one of Fannie Mae and Freddie Mac's primary sources of generating new revenue.James Lockhart, the director of the Office of Federal Housing Enterprise Oversight, said during an interview Tuesday with CNBC, "an accounting change should not drive a capital change."OFHEO, which acts as Fannie and Freddie's regulator, declined to comment further than Lockhart's...
Seattle Times (Free subscription) | 4 hours ago
... federal regulator for the two companies, Office of Federal Housing Enterprise Oversight Director James Lockhart, said in a CNBC interview the accounting changes "would really have no impact on the risk of these firms." It would "make no sense" to mandate extra capital due to accounting changes, he said.As the housing market and broader economy continue to sag, Senate lawmakers appeared...
The Telegraph (Free subscription) | 10 hours ago
US mortgage lenders see shares tumbleBy James Quinn, Wall Street CorrespondentDespite Federal Reserve chairman Ben Bernanke's warm words, aimed as much at soothing the markets as sending a message to investment banks on what to expect in the future, the majority of investors remain nervous about the near-future and where markets are headed.The latest bout of uncertainty at first appeared to...
Business Week (Free subscription) | yesterday
Fannie Mae () and Freddie Mac () were rebounding modestly from Monday's rout after James Lockhart, director of the Office of Federal Housing Enterprise Oversight, or OFHEO, said that "an accounting change shouldn't drive a capital change" in a CNBC interview. Shares of both mortgage backers tumbled Monday on worries the companies could have to raise a combined $75 billion if the FASB...
Forbes (Free subscription) | yesterday
... were mixed, after receiving a vote of confidence from the government overseer responsible for them.James Lockhart, director of the Office of Federal Housing Enterprise Oversight, said the firms are adequately capitalized and a recent change in accounting standards should not require capital changes at Fannie and Freddie, according to .On Monday, the firms took heavy losses after a...
Forbes (Free subscription) | yesterday
... ) were recouping some of , after a federal overseer expressed confidence in the mortgage investors.James Lockhart, director of the Office of Federal Housing Enterprise Oversight, said the firms are adequately capitalized and a recent change in accounting standards should not require capital changes at Fannie and Freddie, according to .Earlier Tuesday, a Merrill analyst said concerns...
The Earth Times Online Newspaper (Free subscription) | yesterday
... companies may need to raise billions of dollars in fresh capital amid larger-than-expected losses.James Lockhart, director of the Office of Federal Housing Enterprise Oversight, said that an accounting rule change should not drive capital changes at the two state-sponsored agencies.Freddie shares were at $12.92 in pre-open trade, up from Monday's close of $11.91, and Fannie shares...
Belfast Telegraph (Free subscription) | 07/04/2008
Queen's University Graduates; Thursday July 3rdSchool of Medicine and Dentistry Doctor of PhilosophyJameela Mohamed Ali Abdulla Senkais ALAWADI Abdel Rahim Mohammed BIBARS Fiona Kathleen Carol DUNLEVY Simon Andrew HOUSTON (in absentia) Elizabeth Elinor JOHNSTON Roddy Joseph LARGE Alan David LYONS Nicholas David MAGEE Damian Oliver James McCALL Aaron Jude McCANN Conor McCLOSKEY Peter Andrew Cameron...
