Results tagged “Fannie Mae” from Dealbreaker
YOUR SEARCH
Presented Without Comment (Except The Unbridled Laughter You Hear In The Background)
Aug 06, 2009, 6:55pm
Posted by Equity Private
Fannie Mae is seeking an additional $10.7 billion in government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing. Fannie Mae seeks $10.7B in US aid after 2Q loss [Associated Press]...
Fannie Scratches For More Scratch
May 08, 2009, 10:00am
Posted by Equity Private
Unsurprisingly the GSE is still a sink hole that cash is proving difficult to fill. Instead of growing out of the training wheels, the increased burden of debt has bent the brackets, cracked the frame and flattened both tires: Fannie...
In Soviet Russia, Agencies Buy You
Mar 05, 2009, 10:25am
Posted by Equity Private
Well, someone over there is thinking. The motherland believes it has seen quite enough of agency shenanigans, thank you very much. There will be no more of that nonsense on Putin's watch. Now let's have no more of this so...
Second Verse, Same As The First
Feb 05, 2009, 3:52pm
Posted by Equity Private
We had to check the date on this Bloomberg post very, very carefully to make sure it wasn't off by a year. It is not: Fannie Mae, the mortgage-finance company under U.S. government control, will loosen rules for homeowners seeking...
Naughty And Nice
Nov 11, 2008, 10:34am
Posted by Equity Private
At 2pm eastern, the Federal Housing Finance Agency is expected to announce a plethora of mortgage gifts to homeowners with Fannie Mae and Freddie Mac loans. This year, gifts will follow the increasingly popular "Reverse Santa" list (not to be...
Daniel Mudd Wishes He Hadn't Been Such A Legislative Slut
Oct 30, 2008, 9:55am
Posted by Equity Private
What's a girl to do? The opposing pressures of popularity (or coin) and purity have plagued the female sutler since before the Napoleonic campaigns. Certainly, there is a good bit of the camp slop that spills over into the waiting...
Oh, NOW I Get It.
Oct 21, 2008, 12:24pm
Posted by Equity Private
I'm trying very hard to keep a straight face here. Reuters gives us this: With plans to drop some executive perks and trim the costs of home buying, Fannie Mae and Freddie Mac are quickly being transformed from profit-making companies...
Wait A Second... Haven't I Seen This Film Before?
Oct 11, 2008, 3:20am
Posted by Equity Private
Federal regulators directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds as the Bush administration expands its options to buy troubled financial assets and resuscitate the U.S. economy, according to three people...
Big CDS Day On The Way
Oct 05, 2008, 7:28pm
Posted by Equity Private
Credit Default Swaps for Fannie and Freddie will see their recovery set tomorrow in an auction described by Reuters as "...the largest settlement of the contracts the market has ever seen." That this has rather serious ramifications for the CDS...
Weekend Update: Want A Breath Mint?
Oct 04, 2008, 8:10pm
Posted by Equity Private
There are a lot of wonderfully tasty jabs in the New York Times' piece on Fannie, this one on the interaction between Countrywide and Fannie is my favorite: "You're becoming irrelevant," Mr. Mozilo told Mr. Mudd, according to two people...
What's This Now?
Sep 08, 2008, 5:53pm
Posted by Bess Levin
It's unclear if Sarah Palin "[may not have] known what she was talking about when she made her first major statement on domestic economic policy"? Whoa. Now, obviously I'm no econ expert or political strategist for that matter. So I...
Buffett On Bailout
Sep 08, 2008, 10:18am
Posted by Bess Levin
Whatever your thoughts on the matter of the this little mortgage rescue are, you cannot ignore the toll it's taking on Warren Buffett. CNBC had him on this morning in a phone interview with Becky Quick, who called in from...
Who Owns Fannie and Freddie's Common Stock?
Sep 07, 2008, 7:24pm
Posted by John Carney
The common stock of Fannie Mae and Freddie Mac is almost exclusively held by large financial institutions. The top ten largest institutional holders control over half of the stock of each companies. Details on Fannie Mae's ownership can be found...
No Senior Debt Guarantee For Fannie and Freddie?
The Rescue Hound That Didnt Bark
Sep 07, 2008, 5:49pm
Posted by John Carney
Not only did the Treasury Department avoid a direct capital injection into Fannie Mae and Freddie Mac, it has also avoided making an explicit guarantee of the senior debt of the two mortgage companies. Many people expected that the government...
No Capital Injected Into Fannie and Freddie
Sep 07, 2008, 5:33pm
Posted by John Carney
Despite the new lending facilities and a commitment to maintain a positive net worth in Fannie Mae and Freddie Mac, the Treasury has avoided actually injecting capital into the two companies. The consideration for the $1 billion in preferred stock...
The Danger Behind The Fannie and Freddie Rescue
Sep 07, 2008, 4:47pm
Posted by John Carney
Keeping the common stock outstanding is a serious problem. Fannie and Freddie, once powerful institutions backed by Washington insiders and the titans of banking, are at the weakest they have ever been. Their shareholders and executives have been knocked...
A Frantic Weekend Of Putting Together The Fannie and Freddie Rescue Plan
Sep 07, 2008, 11:52am
Posted by John Carney
So now we know that the Treasury is rescuing Fannie Mae and Freddie Mac by placing them into a conservatorship. The news that something was brewing had been bubbling up since Friday, when the Wall Street Journal first reported that...
Government Takes Over Fannie And Freddie!
DealBreaker Weekend Edition
Sep 07, 2008, 11:39am
Posted by John Carney
The Federal Housing Finance Authority will take over as conservator Fannie Mae and Freddie Mac, the government announced as part of its breathtaking rescue of the two housing giants. Under the plan, the current common stocks shareholders will be nearly...
Take A Load Off Fannie: Treasury Rescue Coming This Weekend?
Sep 05, 2008, 4:49pm
Posted by John Carney
So it looks like Fannie Day is finally approaching. The Wall Street Journal is reporting that a plan to shore up Fannie Mae and Freddie Mac could be announced as early as this weekend. No details of the plan are...
Bill Gross: Bring Out The Bazooka
Posted in PIMCO, Treasury, Sep 04, 2008, 3:05pm
Posted by John Carney
Institutional buyers have no more appetite for the debt or preferred equity of financial companies, the manager of the world's biggest bond fund said in an interview with CNBC's Erin Burnett. Bill Gross, who manages the $130 billion Pimco Total...
