freddie mac

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Latest blogosphere posts tagged “freddie mac”

  • Barney Frank is a disgrace


    Coralville CourierAuthority Authority: 488
    So Congressman Barney Frank (liberal - MA.) was sitting on the porch of his partner’s Maine home in August of 2007 when police came to arrest his partner, James Ready, for marijuana possession. Frank claimed he was unaware Ready had marijuana plants.  Right....... According to the police report, Maine police ...
    7 hours ago
  • (FRE) Freddie Mac Gets Boost From Government Program


    Stock Blog HubAuthority Authority: 506
    Freddie Mac’s ( FRE ) third quarter net loss (available to common shareholders) came in at $1.94 per share, compared to a net loss of 11 cents in the prior quarter and $19.44 in the prior-year quarter. Results for the quarter exclude the preferred dividend of $1.3 million paid to the U.S. Department of the ...
    11 hours ago
  • How Did Paul Krugman Get It So Wrong? (Nobel Laureate Missed the Fannie and Freddie Debacle)


    StupidicaAuthority Authority: 163
    In July 2008 Nobel laureate Paul Krugman wrote that Fannie Mae and Freddie Mac (the GSEs) "didnt do any subprime lending, because they cant: the definition of a subprime loan is precisely a loan that doesnt meet the requirement, imposed by law, that Fannie and Freddie buy only mortgages issued to borrowers who made ...
    19 hours ago
  • The Worlds Most Important Trading Desk Is Not At Goldman, But Is On The 9th Floor Of 33 Liberty Street


    zero hedgeAuthority Authority: 761
    Even though our good Samaritan friends at One New York Plaza may take offense to this designation, the trading desk that controls the formerly free world is not located anywhere on the premises of Goldman Sachs, but is instead situated on the 9th floor of 33 Liberty Street, also known as the home New York Fed. From a ...
    20 hours ago
  • The financial institutions (and assets) got troubled or bankrupt inthe PAST 2 WEEKS - The Latest Casualty Count


    InvestmentWatchAuthority Authority: 449
    Just a short list about the financial institutions (and assets) got troubled or bankrupt inthe PAST 2 WEEKS. This is not about community banks, or little companies anymore. Companies with assets > 10B are not small. Capmark($20B) CIT ($70B) U.S. Bank, NA, of Minneapolis ($19B) GMAC ($187B) United Commercial Bank ...
    1 day ago
  • So, $5 Billion doesn’t require a Bailout?


    tvanderwell on SmartHippo.comAuthority Authority: 438
    Okay, this is interesting….. Fannie Mae announces a $19 Billion loss and says, “We need $15 Billion” from Uncle Sam. Freddie Mac announces a $5 Billion loss and says, “Nah, we think we’ve got enough cash.” Color me skeptical….. Tom Vanderwell Freddie Says More Treasury Funds Unnecessary After ...
    1 day ago
  • LibertyWeek 68: Take from the Rich, Give to Yourself


    OpenMarket.orgAuthority Authority: 641
    Your host Richard Morrison teams up with Jeremy Lott and Josh Barro to bring you Episode 68 of the LibertyWeek podcast . We start with Saturday night’s healthcare vote in the House, Freddie Mac’s losing bets and a gift card scandal in Charm City. We then move on to Andrew Cuomo’s attack on Intel in New York and ...
    1 day ago
  • A Letter to Congress & the POTUS


    The Bull Speaks!Authority Authority: 112
    To the Congress & Mr. Obama:Let’s take a moment to review your record BEFORE you come to “We the People” for yet another round of corn-holing, ok?The U.S. Postal Service was established in 1775 – you have had 234 years to get it right; it is broke.Social Security was established in 1935 – you have [...]
    1 day ago
  • Fed Opposed by Left and Right


    Cato @ LibertyAuthority Authority: 744
    On its front page today, the Washington Times reports that expanded powers for the Federal Reserve are being opposed by “odd allies.”  The Fed’s imperial over-reach for additional regulatory powers is being opposed by Democrats and Republicans, and liberals and conservatives alike.  As well it should ...
    1 day ago
  • So, $5 Billion doesn’t require a Bailout?


    Straight Talk About Mortgages and Real EstateAuthority Authority: 542
    Okay, this is interesting….. Fannie Mae announces a $19 Billion loss and says, “We need $15 Billion” from Uncle Sam. Freddie Mac announces a $5 Billion loss and says, “Nah, we think we’ve got enough cash.” Color me skeptical….. Tom Vanderwell Freddie Says More Treasury Funds Unnecessary After ...
    1 day ago
  • Fannie Mae Lives! Kind Of


    Understanding GovernmentAuthority Authority: 140
    ProPublica’s Paul Kiel blogs that the Treasury Dept. quietly announced Friday afternoon that it was providing another $15 billion in its bailout of now wholly government-owned mortgage financier Fannie Mae. Fannie Mae has received a total of $60 billion in taxpayer bailout money, while its sister company, Freddie ...
    1 day ago
  • US mortgage giant Freddie Mac bears loss of $5 billion


    The Business TimeAuthority Authority: 127
    (PTI): US mortgage giant Freddie Mac says its third-quarter loss has stood at $5 billion due to a prolonged deterioration in the housing market.Freddie Mac, the second largest provider of US residential mortgage funding, says it posted a net loss of $5 billion and paid a dividend of $1.3 billion to the US Treasury in ...
    1 day ago
  • Stuyvesant Town In Effective Default, As Loan Moved To Special Servicing; Mezz Lenders SL Green And Fortress Wiped Out


    zero hedgeAuthority Authority: 761
    Look for the next batch of CRE numbers to be the worst ever as Tishman and BlackRock move the loan backing Stuyvesant Town to special servicing, in essence throwing in the towel, and pushing the affordable home complex into default. According to Fitch the propertys worth has plunged from $3 to $1.8 billion. This means ...
    1 day ago
  • Senate Supports Extending, Expanding Homebuyer’s Tax Credit


    San Diego BlogAuthority Authority: 127
    Senate leaders have reached a tentative deal to extend the first-time homebuyers’ tax credit that was originally passed earlier this year as part of the stimulus bill, it was reported by CNN. The agreement would extend and expand the credit to include current homeowners who want to move, according to the sources. As ...
    2 days ago
  • Handwriting on the Wall?


    Bank Lawyer's BlogAuthority Authority: 123
    In mortgage banking, the " elephant in the room " used to be repurchase obligations. That elephant (just like Sarah Palin) "went rogue" over the past two years and as a result, mortgage loan investors are busy trying to ensure that if you pay it forward, you sure better be able to buy it back , Fannie ...
    2 days ago
  • (HCN) Health Care REIT Inc’s Funds From Operations Plummets


    Stock Blog HubAuthority Authority: 506
    Health Care REIT Inc. ( HCN ), a real estate investment trust (REIT) that operates senior housing and health care real estate, has reported dismal third quarter 2009 results with FFO (fund from operations) of 53 cents per share compared to 85 cents in the year-earlier quarter. Fund from operations, a widely used ...
    2 days ago
  • Fannie Mae seeks $15 billion aid


    Global Crisis NewsAuthority Authority: 470
    Mortgage giant Fannie Mae has reported a third quarter loss of $19 billion  and has requested the Treasury for $15 billion more as aid for its survival. Fannie Mae and Freddie Mac were taken by the federal government under its control in September last year. Fannie Mae has suffered losses of $111 billion since ...
    2 days ago
  • Freddie Joins Fannie In Posting LOSSES; $25.2 BILLION Combined


    Logistics MonsterAuthority Authority: 542
    Burn! Baby! Burn! This is going to seem like a really boring post, but somebody besides Market Ticker has to keep track of our money being torched right before our eyes (and against our will). In all the hubbub of House Call rallies, stealth healthcare votes at 11:15pm on a Saturday night, Barney Frank being ...
    3 days ago
  • FREDDIE MAC LOSES BIG MONEY


    First InAuthority Authority: 129
    BARNEY FRANK- THE MAN WHO DESTROYED AMERICANEW YORK (Reuters) – Freddie Mac (NYSE:FRE – News; NYSE:FRE – News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a “prolonged ...
    3 days ago
  • (KELYA) Economy Produces Weak Employment Report


    Stock Blog HubAuthority Authority: 506
    The October employment report came in weaker than expected as the country lost 190,000 jobs, rather than the 175,000 expectation. It was, however, an improvement over the 219,000 lost in September, but worse than the 154,000 jobs lost in August. Both the September and August job losses were revised sharply lower. As ...
    3 days ago

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