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freddie mac: Fannie Mae And Freddie Mac Delisting From The NYSE? - 06/17/10 04:53 PM
As the Federal Government scrambles to prop up Freddie Mac and Fannie Mae, investors have called it quits on the two companies. With their stock priceshovering around one dollar, The Hill is reporting that they are planning on de-listing from the New York Stock Exchange.
If these were true public companies, the phrase “Putting a fork in them” would apply, but as they government has committed to bailing them out Fannie and Freddie will continue to stumble around like drunken sailors.
It is a sad day for many investors though.
Fannie Mae and Freddie Mac, the bailed-out mortgage giants, are expected … (0 comments)

freddie mac: Freddie Mac Releases Positive Outlook for 2010 - 01/18/10 03:51 PM
Freddie Mac’s recently released economic outlook describes a refreshingly brighter view of the year ahead, but the pace of recovery in the forecast is well below the growth that has followed most recessions in the past half-century.

As the still-fragile recovery gradually gains more solid footing by the end of the year, Freddie Mac’s economic outlook anticipates real GDP growth of 3 to 3.5 percent. In addition, Freddie Mac said the jobs picture will improve, but it will be with some delay, as many employers postpone hiring until business picks up further.
While the housing market showed broad signs of … (5 comments)

freddie mac: Fannie and Freddie suspend foreclosures - 11/21/08 10:04 AM
NEW YORK (CNNMoney.com) -- Mortgage giants Fannie Mae and Freddie Mac have directed their network of servicers to halt all foreclosure and eviction proceedings between Nov. 26 2008 and Jan. 9, 2009, meant to give a recently announced rescue plan time to work.
The Streamlined Modification Program, set to launch Dec. 15, enables delinquent borrowers to get a modified mortgage that lowers payments to no more than 38% of their gross incomes.
"By delaying these foreclosure sales, the nation's servicers will have the opportunity to work with more borrowers who could qualify for a modification under the new [program]," said Freddie … (0 comments)

freddie mac: Housing and Economic Recovery Act of 2008 - 08/29/08 10:00 AM
July 30 (Bloomberg) -- President George W. Bush signed into law legislation that helps 400,000 homeowners facing foreclosure and extends a lifeline to Fannie Mae and Freddie Mac.
Bush signed the measure at the White House shortly after 7 a.m., spokesman Tony Fratto said. Treasury Secretary Henry Paulson, Housing and Urban Development Secretary Steve Preston and Federal Housing Administration Director Brian Montgomery were among those present.
``We look forward to putting in place new authorities to improve confidence and stability in markets, and to provide better oversight for Fannie Mae and Freddie Mac,'' Fratto said.
The law is aimed at stemming … (0 comments)

 
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Helen Oliveri

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