Recipe for Fixing Fannie and Freddie: More Money, More Loans, More Time
Mar 4, 2010 Object
How do you fix Fannie Mae and Freddie Mac? Ironically, the road to profitability for the government-controlled institutions may lie in their ability to use even more taxpayer funds to finance higher quality loans that will increase in value as interest rates rise when the economic recovery gains steam.
Continue reading Recipe for Fixing Fannie and Freddie: More Money, More Loans, More Time
Recipe for Fixing Fannie and Freddie: More Money, More Loans, More Time originally appeared on DailyFinance on Thu, 04 Mar 2010 17:16:00.
Filed Under: Economy, Fannie Mae, Real Estate, Freddie Mac
Read more from the original source:
Recipe for Fixing Fannie and Freddie: More Money, More Loans, More Time
Tags: fannie mae, federal-appeals, fixing-fannie, fnm, fre, fre, money, network-corp-, quality, ruling, shares, tivo, veriizon
Freddie Mac Pares Down Losses in Fourth Quarter
Feb 24, 2010 Object
Troubled mortgage lender Freddie Mac reported a $7.8 billion loss for the fourth quarter of 2009 on Wednesday, continuing to show improvement over the $23.9 billion in losses in fourth quarter of 2008 and avoiding another federal cash infusion for the third quarter in a row.
Continue reading Freddie Mac Pares Down Losses in Fourth Quarter
Freddie Mac Pares Down Losses in Fourth Quarter originally appeared on DailyFinance on Wed, 24 Feb 2010 11:33:00.
Filed Under: Earnings, Real Estate, Freddie Mac
View original post here:
Freddie Mac Pares Down Losses in Fourth Quarter
Tags: 7-8-billion, and-cheaper, department store, fannie mae, filed-under, fourth, freddie-mac-, img-hspace, losses, pares-down, return, third
Fannie Mae $19 billion loss and asks feds for another $15 billion loan
Filed under: Company News, Earnings, Fannie Mae
The news just keeps getting worse at embattled mortgage finance company Fannie Mae (FNM). The Washington, D.C.-based company, which buys up mortgages from banks, posted on Thursday a staggering $18.9 billion loss — its ninth consecutive deficit — as it incurred more expenses stemming from foreclosed properties. The news forced the outfit, which already has a $200 billion credit facility with the U.S. government, to hit up the feds for another $15 billion, the company said in a statement.
On the plus side, Fannie Mae, which has been under government receivership since last year, said its third-quarter revenue rose 6 percent to $5.9 billion from $5.6 billion in the previous quarter, as net interest income rose.
Continue reading Fannie Mae $19 billion loss and asks feds for another $15 billion loan
Fannie Mae $19 billion loss and asks feds for another $15 billion loan originally appeared on DailyFinance on Thu, 05 Nov 2009 18:10:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Here is the original post:
Fannie Mae $19 billion loss and asks feds for another $15 billion loan
Tags: colo-bleeding, credit-facility, cuts-on-his, edgewater colorado, entry, fannie, fannie mae, net-interest, news
Fox News v. Sesame Street: Beck, O’Reilly fans angry over Oscar’s parody
Filed under: Media, News Corp.
On the eve of its 40th anniversary, Sesame Street is courting a strange political controversy. A two-year-old episode featuring Oscar the Grouch as a (what else?) grouchy TV news reporter for (who else?) the Grouch News Network has caused a minor Internet kerfuffle among steamed fans of News Corp.’s (NWS) Fox News.
In the episode in question, Oscar the Grouch is a reporter covering, in breathless cable-news fashion, the trials and tribulations of Horatio the Elephant, who’s trying to extricate himself from a bathtub. Oscar’s quest for “all grouchy, all disgustin’, all yucky” news goes awry when there’s “breaking news” — namely, Cookie Monster breaking a cookie.
Continue reading Fox News v. Sesame Street: Beck, O’Reilly fans angry over Oscar’s parody
Fox News v. Sesame Street: Beck, O’Reilly fans angry over Oscar’s parody originally appeared on DailyFinance on Thu, 05 Nov 2009 18:00:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Here is the original post:
Fox News v. Sesame Street: Beck, O’Reilly fans angry over Oscar’s parody
Tags: a-friend-via, corp-, elephant, entry, fannie mae, grouch news network, net-interest, oscar the grouch, pbs, street
Goldman Sachs offers cash for Fannie’s tax credits: A bad deal for taxpayers?
Filed under: Company News, Economy, Investing, Fannie Mae, Goldman Sachs
Goldman Sachs (GS), which quickly turned back into a profitable institution after taking bailout money from the government, now wants to reduce its taxes on that profit by buying tax credits from Fannie Mae. Fannie Mae earned those tax credits by encouraging low-income housing, but can’t take advantage of them because it’s not making any profits.
Enter Goldman Sachs, which has swooped in to offer cash in exchange for the tax credits, according to a report in The Wall Street Journal, which was unable to find out what Goldman plans to pay for them. Obviously, for Goldman to make money on the deal, it must buy the tax credits for less than they will be worth to it in tax savings. How much less is the big question.
Continue reading Goldman Sachs offers cash for Fannie’s tax credits: A bad deal for taxpayers?
Goldman Sachs offers cash for Fannie’s tax credits: A bad deal for taxpayers? originally appeared on DailyFinance on Mon, 02 Nov 2009 10:00:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
Read the rest here:
Goldman Sachs offers cash for Fannie’s tax credits: A bad deal for taxpayers?
Tags: and-housing, bailout-money-, component-rose, employment, fannie mae, goldman-sachs, goldmansachs, in focus, pending home sales, sachs, street, street-journal, take-advantage, taxpayer
Fannie Mae, Freddie Mac stock price targets cut to zero
Oct 19, 2009 Object
Filed under: Fannie Mae
Shares of mortgage finance companies Fannie Mae (FNM) and Freddie Mac (FRE) tumbled Monday after a Keefe, Bruyette & Woods analyst downgraded the two to the firm’s lowest rating, saying their common and preferred shares would be “worthless” given the nearly $100 billion they will continue to owe the government, even if recapitalized.
Fannie shares fell 26 cents, or 17.8 percent, to $1.20. Freddie shares tumbled 31 cents, or 18 percent, to $1.41.
Continue reading Fannie Mae, Freddie Mac stock price targets cut to zero
Fannie Mae, Freddie Mac stock price targets cut to zero originally appeared on DailyFinance on Mon, 19 Oct 2009 15:25:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
The rest is here:
Fannie Mae, Freddie Mac stock price targets cut to zero
Tags: a-friend-via, bruyette, earnings, fannie mae, img-hspace, keefebruyetteandwoods, lowest-rating, thousand-oaks
Stocks post gains on earnings, outlooks
Filed under: Investing
Better-than-expected earnings from Gannett (GCI), anticipation of strong results from Texas Instruments (TXN) and Apple (AAPL) and some bullish analyst commentary on Dow component Caterpillar (CAT) helped propel stocks broadly higher Monday.
At the close, the blue-chip Dow Jones Industrial Average ($INDU) rose 97 points, or 1 percent, to 10,093, while the broader S&P 500 ($INX) added 10 points, or 0.9 percent, to 1,098. The tech-heavy Nasdaq Composite ($COMPX) gained 20 points, or 0.9 percent, to finish at 2,176.
For more on stocks making moves today, be sure to check out BloggingStocks’ market wrap up.
Stocks post gains on earnings, outlooks originally appeared on DailyFinance on Mon, 19 Oct 2009 15:24:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
See the rest here:
Stocks post gains on earnings, outlooks
Tags: 0-9-percent, a-friend-via, apple, blue, broader, bullish-analyst, caterpillar, entry, fannie mae, img-hspace, investing, news, stocks-making, texas, thousand-oaks
No exit from Fannie and Freddie?
Sep 10, 2009 Object
Filed under: Economy, Fannie Mae
It was a year ago this week that the federal government seized ailing mortgage-finance giants Fannie Mae (FNM) and Freddie Mac (FRE). Their collapse, it was feared, could imperil the entire financial system. The takeover wasn’t meant to be permanent, but a new congressional report illustrates why it may be especially challenging to undo.
The reason? Privatizing Fannie and Freddie “credibly” will be exceptionally difficult because investors will probably expect that the government will simply swoop in again with another bailout should the companies run into trouble later, according to an assessment by the Government Accountability Office (PDF).
Continue reading No exit from Fannie and Freddie?
No exit from Fannie and Freddie? originally appeared on DailyFinance on Thu, 10 Sep 2009 18:00:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
See the rest here:
No exit from Fannie and Freddie?
Tags: bailout, contract-sales, economic-green, entry, fannie mae, fnm, fre, government-will, into-trouble, pens, presentations, probably-expect, until-the-ink
John Mack steps down as Morgan Stanley chief
Sep 10, 2009 Object
Morgan Stanley’s CEO John Mack, one of the last major survivors of the epic Wall Street collapse of 2008, is stepping down early next year — and straight into the dustbin of history along with other, perhaps more tarnished, casualties of the financial meltdown. Although Morgan Stanley (MS) survived a calamity that claimed Lehman Brothers and Bear Stearns, Mack’s firm could not escape the chaos caused by the financial crisis, its shares plunging along with those of the other Wall Street banks.
Mack’s departure — after a tenure during which he navigated Morgan Stanley through a wave of financial shocks which claimed several of the largest financial institutions in the country — is another marker in what is shaping up to be the greatest transformation on Wall Street in decades. Mack, 64, a longtime power broker, was among an elite echelon of top executives who ruled Wall Street — until everything fell apart last year.
Continue reading John Mack steps down as Morgan Stanley chief
John Mack steps down as Morgan Stanley chief originally appeared on DailyFinance on Thu, 10 Sep 2009 17:45:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Here is the original post:
John Mack steps down as Morgan Stanley chief
Tags: a-tenure-during, another-marker, entry, fannie mae, fre, government-will, into-trouble, lehman-brothers, major-survivors, morgan, pens, presentations
