AP – The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal government.
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AP – Government-owned mortgage finance company Freddie Mac on Wednesday priced $5.5 billion in three-year reference notes.
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AP – Government-owned mortgage finance company Freddie Mac on Wednesday priced $5.5 billion in three-year reference notes.
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AP – Government-owned mortgage finance company Freddie Mac on Wednesday priced $5.5 billion in three-year reference notes.
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Reuters – Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration’s bailout of home funding giants Fannie Mae and Freddie Mac.
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AP – New signs emerged Wednesday that the economic rebound is sputtering. Sales of new homes hit a record low last month. And mortgage giant Freddie Mac signaled it will need more federal aid — and might never repay it.
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AP – The Obama administration will wait until 2011 to propose an overhaul of mortgage giants Fannie Mae and Freddie Mac, Treasury Secretary Timothy Geithner said Wednesday, arguing that he wanted to put some distance between a new system and what he called “the worst housing crisis in generations.”
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AP – LOSSES CONTINUE: Mortgage finance company Freddie Mac said Wednesday that it lost $7.8 billion, or $2.39 a share, in the fourth quarter of last year. That was down from $23.9 billion, or $7.37 a share, in the same quarter a year ago.
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AP – Freddie Mac lost almost $26 billion last year, ominous news for taxpayers who are footing the bill to rescue the mortgage finance company and its sibling Fannie Mae.
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Reuters – The federal regulator of Fannie Mae and Freddie Mac on Wednesday proposed an overhaul of rules governing how the mortgage funding giants serve low-income homeowners while limiting their risks.
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