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Freddie Mac

Freddie Mac 08/02/2012

23:10 : US housing regulator acted on ideology -lawmakers - WASHINGTON, Feb 8 (Reuters) - Two Democratic lawmakers on Wednesday accused the regulator of Fannie Mae and Freddie Mac from blocking the firms from reducing principal on the mortgages they back for ideological reasons.
Source : reuters-com
00:16 : House passes bill to put Fannie, Freddie in budget - WASHINGTON, Feb 7 (Reuters) - The U.S. House of Representatives on Tuesday approved a bill that would put the cost of operations for Fannie Mae and Freddie Mac in the federal budget in a bid to highlight the cost of ...
Source : reuters-com

Freddie Mac 06/02/2012

15:27 : Freddie Mac sells $2 billion bills at higher rates - Feb 6 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said on Monday it sold $2 billion in reference bills at higher rates and mixed demand compared with last week's sale of similar maturities.
Source : reuters-com

Freddie Mac 24/01/2012

08:45 : Gingrich Firm Releases One of Its Contracts With Freddie Mac - Newt Gingrich's consulting firm yesterday released a copy of its 2006 contract with Freddie Mac, which covers just one year of his multiple years of service and documents only $300,000 of the $1.6 million he received from the mortgage ...
Source : businessweek-com
01:28 : Newt Gingrich receives $5m boost as he admits Freddie Mac consulting contra - Wife of hotel mogul Sheldon Adelson donates to Republican candidate also paid $1.6m by controversial mortgage companyNewt Gingrich received a major financial boost Monday when the family who donated $5 million to an organisation supporting ...
Source : guardian-co-uk

Freddie Mac 23/01/2012

23:20 : Newt Gingrich's historical inconsistency on Freddie Mac - The current GOP frontrunner has always thought organisations like Freddie Mac should be weaned off of government endorsements – except for when he didn'tConsistency is not Newt Gingrich's strong suit. To his credit, he at least seems ...
Source : guardian-co-uk

Freddie Mac 18/01/2012

06:21 : Fannie Fees Fail to Offset Record Low Lending Rates: Mortgages - Ben S. Bernanke's success in pushing mortgage rates to record lows is enabling Congress to fund last month's payroll tax cut extension by siphoning money from Fannie Mae and Freddie Mac, while homebuyers ...
Source : businessweek-com

Freddie Mac 10/01/2012

10:24 : Freddie Mac Increases Mortgage Relief for Unemployed Borrowers - Freddie Mac, the mortgage-finance firm operating under U.S. conservatorship, will let unemployed homeowners delay up to a year's worth of loan payments to help keep families in their homes.
Source : businessweek-com

Freddie Mac 16/12/2011

17:40 : Ex-CEOs among six Fannie Mae and Freddie Mac executives charged with fraud - Ex-CEOs Daniel Mudd and Richard Syron among executives accused of misleading taxpayers over sub-prime mortgagesThe Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae|Fannie ...
Source : guardian-co-uk
17:23 : SEC charges six former Fannie Mae and Freddie Mac executives with fraud - The US Securities and Exchange Commission has announced securities fraud charges against six former executives at government-backed mortgage giants Fannie Mae and Freddie Mac.
Source : telegraph-co-uk
17:14 : SEC charges ex-Fannie and Freddie chiefs - The US Securities and Exchange Commission charged six former top executives of Fannie Mae and Freddie Mac with securities fraud for allegedly misleading investors
Source : ft-com

Freddie Mac 22/11/2011

22:37 : Fannie, Freddie loan limits to be almost unchanged - WASHINGTON, Nov 22 (Reuters) - The regulator for Fannie Mae and Freddie Mac said on Tuesday that the maximum size of loans the two firms can acquire will remain virtually unchanged in 2012.
Source : reuters-com

Freddie Mac 15/11/2011

17:32 : US House panel moves to block Fannie, Freddie pay - WASHINGTON, Nov 15 (Reuters) - The U.S. House of Representatives Financial Services Committee on Tuesday approved a bill that would crack down on the pay packages for executives at mortgage giants Fannie Mae and Freddie ...
Source : reuters-com

Freddie Mac 09/11/2011

15:30 : U.S. senators move to block Fannie, Freddie bonuses - WASHINGTON, Nov 9 (Reuters) - In an effort to block top Fannie Mae and Freddie Mac executives from receiving million dollar paychecks, a bipartisan group of U.S. senators said on Wednesday they will file ...
Source : reuters-com
00:46 : UPDATE 3-Fannie Mae taps $7.8 bln from Treasury, loss widens - *Fannie Mae, Freddie Mac drawn about $169 billion total (Adds quote from Fannie Mae CFO, combined taxpayer costs of Fannie and Freddie support, byline)
Source : reuters-com

Freddie Mac 03/11/2011

16:23 : GSE's Continute to Feed at the Taxpayer Trough as Freddie Mac Asks for ... - It appears people have bailout fatigue as the quarterly bailout Freddie and Fannie receive now barely registers as a blip as a news item. Six billion used to be a lot of money but in a world where the Fed injects hundreds of billions into the ...
Source : ibtimes-co-uk
13:36 : UPDATE 2-Freddie Mac reports loss, seeks $6.0 bln - WASHINGTON, Nov 3 (Reuters) - Mortgage finance giant Freddie Mac said on Thursday it will seek an additional $6 billion from U.S. taxpayers following its worst quarterly loss this year.
Source : reuters-com

Freddie Mac 26/10/2011

23:42 : Management shake-up at Freddie Mac - Chief and chairman to go at US mortgage giant that last quarter reported a $2.1bn net loss, is dependent on hand-outs from the Treasury, and is embroiled in negotiations and lawsuits
Source : ft-com
06:33 : Pimco Says Mortgage Bonds Cheap After Slump - Pacific Investment Management Co. says investors should buy Fannie Mae and Freddie Mac mortgage- backed securities that slumped in response to planned changes to the government-supported companies' refinancing rules.
Source : businessweek-com

Freddie Mac 18/10/2011

21:45 : Fannie, Freddie End Lawyer Networks Amid Foreclosure Woes - Fannie Mae and Freddie Mac will phase out their foreclosure attorney networks in the wake of the so-called robo-signing scandal, the companies' regulator said.
Source : businessweek-com
20:29 : Fannie, Freddie to phase out attorney networks - WASHINGTON, Oct 18 (Reuters) - Fannie Mae and Freddie Mac will stop using attorney networks that were used during the so-called robo-signing scandal, the regulator for the two firms said on Tuesday.
Source : reuters-com

Freddie Mac 14/10/2011

17:11 : U.S. government eyes risk-sharing in housing bonds - WASHINGTON, Oct 14 (Reuters) - The U.S. government is considering having mortgage financiers Fannie Mae and Freddie Mac sell some bonds without a federal guarantee as a way to lure private investment ...
Source : reuters-com

Freddie Mac 29/09/2011

17:37 : US fixed mortgage rates at record lows – with further dip expected - Average on a 30-year fixed mortgage falls to 4.01% – the lowest rate since Freddie Mac began keeping records in 1971Fixed mortgage rates have fallen to historic new lows for a fourth straight week – and ...
Source : guardian-co-uk

Freddie Mac 09/09/2011

16:05 : U.S.' Geithner sees regulator support for refinancing - WASHINGTON, Sept 9 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Friday the administration's plans to broaden U.S. homeowners' access to mortgage refinancing has the backing of the regulator overseeing ...
Source : reuters-com

Freddie Mac 05/09/2011

12:08 : Stocks down as RBS faces US lawsuit - Shares in Royal Bank of Scotland (RBS) lost 10% today after it emerged that the bank is being sued by America’s Federal Housing Finance Agency (FHFA) over the sale of residential mortgage-backed securities (RMBSs). The FHFA ...

Freddie Mac 03/09/2011

20:08 : UK banks face US lawsuit over toxic mortgage debt - Leading UK banks ignored warnings from third party advisers before selling on billions of dollars of toxic mortgage debt to Fannie Mae and Freddie Mac in the lead-up to the financial crisis, court papers ...
Source : telegraph-co-uk
18:51 : Getting to know Fannie Mae and Freddie Mac - Fannie Mae and Freddie Mac can trace their roots back to the Great Depression of the 1930s, when millions of Americans struggled to get mortgages to buy their homes.
Source : telegraph-co-uk

Freddie Mac 02/09/2011

08:02 : US authorities to sue big banks over sub-prime crisis - The agency overseeing the remains of Fannie Mae and Freddie Mac seeks billions of dollars in compensation from banks including Bank of America, JP Morgan and Goldman SachsUS authorities are preparing to sue more than ...
Source : guardian-co-uk

Freddie Mac 06/08/2011

01:27 : BofA Slides as Lender Braces for New Wave of Mortgage Refunds - Bank of America Corp., the largest U.S. lender, posted its worst two-day decline since 2009 after telling investors that claims from Fannie Mae and Freddie Mac may cost more than previously forecast.
Source : businessweek-com

Freddie Mac 07/07/2011

23:27 : Lawmakers Mulling Fate of Fannie, Freddie Split on U.S. Role - The U.S. housing industry is finding political traction in Congress as it objects to plans that would wind down Fannie Mae and Freddie Mac and eliminate any government role in mortgage finance.
Source : businessweek-com
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