16 hrs ago | CNN Money
Rates on 30-year mortgages dip
“Despite a weak housing market, mortgage rates remained almost unchanged this week based on better-than-expected economic data releases that indicated the economy still has some staying power”
Rates on 30-year mortgages edged lower this week but remained above 6% as signs of economic stability overshadowed continued weakness in the housing market. via CNN Money
21 hrs ago | MarketWatch
Financial Stocks: Fannie Mae shares recover on steady debt rating, capital plan
“Our strong performance in the first quarter of 2008 highlights the growing demand for our broad array of products and services across all of our business units and the inherent operating leverage in NYSE Euronext's diverse business model”
U.S. financial stocks reversed course into positive territory Tuesday afternoon, led higher by a 6% rise in shares of mortgage finance giant Fannie Mae, which reported a bigger-than-expected loss and said it is ... via MarketWatch
Tuesday May 6 | SI.com
Fannie loss wider than forecast
“This is likely to be the story for the months ahead -- a painful cure from the housing correction -- and incredibly healthy opportunities from our resurgent role at the center of the recovery”
Fannie Mae posted a far worse-than-expected loss in the first quarter, as the mortgage finance giant announced plans Tuesday to slash its dividend and raise additional capital. via SI.com
Monday May 5 | Housing Wire
HUD Gives Fannie, Freddie Pass on Affordable Housing Quotas
“It is not good public policy to have mission goals that encourage [Freddie Mac and Fannie Mae] to put people in homes that they end up losing”
The Department of Housing and Urban Development last week said that it had waived certain federal affordable housing quotas at Fannie Mae and Freddie Mac , after determining that market conditions had rendered ... via Housing Wire
Saturday May 3 | RiskCenter.com
May 2: Market Risk - Us M ortgage Rates Little Changed as Risk of...
May 2: Market Risk - US M ortgage Rates Little Changed as Risk of Inflation Continues to Cause Concern Location: McLean Author: Eileen Fitzpatrick Date: Friday, May 2, 2008 Freddie Mac yesterday released the ... via RiskCenter.com
Thursday May 1 | SmartMoney.com
“Star Wars"-themed episode featuring R2-D2, Chewbacca and Carrie "I-Can't-Believe-I'm-On-Deal-Or-No-Deal”
Gains Gone: Stocks give back gains, finish flat and mixed. Wheelin', Dealin': Ford to sell 20 mln shares to Kerkorian. via SmartMoney.com
Tuesday Apr 29 | Forbes.com
American Capital Goes For Mortgage Paper
“ACA Downgrade Unsettles Investors”
Maurna Desmond , While many on Wall Street and Main Street are suffering from subprime woes , the smart money is gearing up to capitalize on cheap debt. via Forbes.com
Sunday Apr 27 | CNN Money
As any reader of this space may be able to tell by now, I'm a big fan of bailouts. via CNN Money
Friday Apr 25 | Blogging Stocks
Is a trillion bailout of Fannie/Freddie imminent?
CNNMoney reports that McGraw-Hill Co.'s Standard & Poor's forecasts the possibility of a $1 trillion bailout of Federal National Mortgage and Federal Home Loan Mortgage -- government sponsored purchasers of ... via Blogging Stocks
Wednesday Apr 23 | The Real Estate Bloggers
Fannie Mae, Freddie Mac Spanked For New Accounting Problems
“It is important that Fannie Mae and Freddie Mac apply fair value in a sound and consistent manner”
Is this any surprise, both Freddie Mac and Fannie Mae are now being told to moderate their aggressive accounting methods and be more prudent on the numbers they are reporting. via The Real Estate Bloggers







