Results tagged “Mortgage Rescue” from Dealbreaker
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The Scarlet Number
Aug 04, 2009, 9:42am
Posted by Equity Private
We are shocked, shocked to discover that mortgage servicers are not in any particular hurry to enact loan modifications. Taking a page out of the pre-school handbook, the Treasury/White House have elected to shame the evil capitalist pigs into their...
Vicious Cycle
Nov 07, 2008, 10:39am
Posted by Equity Private
October job loss numbers were another dose of reality, and they included the revision of August figures as well. That brings the total to 15.9 metric asstons (15.6 imperial asstons) of negative payroll space. Fortunately, Richard DeKaser, chief economist for...
Follow The Money
Sep 25, 2008, 3:19pm
Posted by Equity Private
With all the finger pointing going on, and consistent with our concern that incentives contributed to the clusterfuck that is the mortgage industry today, we decided to take a quick look at fees to see what kind of cash was...
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...
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...
