International Business News - Fannie http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Mortgage financier Fannie Mae's total book of business grew 9.9 percent on an annualized basis in May, according to data released by the company Wednesday. http://www.ibtimes.com/articles/20080625/fannie-maes-book-of-business-grows-6-7-percent.htm Wed, 25 Jun 2008 09:22:37 EDT A UBS analyst cut his 2008 and 2009 earnings estimates and price target for Fannie Mae, but said the mortgage financier has strong long-term earnings potential. http://www.ibtimes.com/articles/20080620/ubs-analyst-cuts-estimates-on-fannie-mae.htm Fri, 20 Jun 2008 11:56:39 EDT A UBS analyst cut his 2008 and 2009 earnings estimates and price target for Fannie Mae, but said the mortgage financier has strong long-term earnings potential. http://www.ibtimes.com/articles/20080620/ubs-analyst-cuts-estimates-on-fannie-mae.htm Fri, 20 Jun 2008 11:47:28 EDT The chief executive of Fannie Mae says employees are barred from receiving discounted rates on home loans from companies that do business with the mortgage giant. http://www.ibtimes.com/articles/20080612/fannie-mae-ceo-says-ethics-policy-bans-discounts.htm Thu, 12 Jun 2008 16:56:40 EDT BlackRock Inc. Chief Executive Laurence Fink on Wednesday said government-backed mortgage lenders need a major influx of capital in order to pursue opportunities in the market's dislocation, a move that could help the nation's housing industry climb back from its worst slump in decades. http://www.ibtimes.com/articles/20080611/blackrock-ceo-says-fannie-freddie-should-raise-capital.htm Wed, 11 Jun 2008 14:00:51 EDT Mortgage finance companies Fannie Mae and Freddie Mac could be required to maintain a larger cash cushion in the future under rules adopted by the companies' federal regulator. http://www.ibtimes.com/articles/20080610/govt-changes-fannie-freddie-reserve-calculation.htm Tue, 10 Jun 2008 20:20:54 EDT Fannie Mae, the largest buyer and backer of U.S. home loans, spent nearly $1.4 million in the first quarter to lobby on proposals to tighten regulation of the company and other housing issues. http://www.ibtimes.com/articles/20080610/fannie-mae-spent-nearly-1-4m-lobbying-in-1q.htm Tue, 10 Jun 2008 13:11:13 EDT Among the earnings projection stories for Tuesday, May 20, from the AP Financial News: FREMONT, Calif. (AP) _ Computer component maker Smart Modular Technologies Inc. on Tuesday lowered its third-quarter guidance on continuing weak memory chip prices, higher taxes and slow product rollout. http://www.ibtimes.com/articles/20080520/outlook-roundup-smart-modular-technologies.htm Tue, 20 May 2008 14:46:31 EDT Fannie Mae's CEO told shareholders Tuesday that the housing market is "about halfway through" its crisis and home prices could fall as much as 25 percent before the worst is over. http://www.ibtimes.com/articles/20080520/fannie-ceo-sees-steep-home-price-drop.htm Tue, 20 May 2008 16:25:07 EDT By relaxing down-payment requirements for borrowers in markets where home prices are falling, Fannie Mae aims to both resuscitate the flagging housing market and respond to pressure from industry groups, consumer advocates and lawmakers. http://www.ibtimes.com/articles/20080516/fannie-mae-scraps-higher-downpayment-requirements.htm Fri, 16 May 2008 18:03:51 EDT Shares of Fannie Mae and Freddie Mac dipped, then recovered Thursday, as Senate lawmakers tried to reach a deal to give the government enhanced powers over the two mortgage finance companies. http://www.ibtimes.com/articles/20080515/fannie-freddie-rebound-as-oversight-deal-uncertain.htm Thu, 15 May 2008 16:42:45 EDT Shares of Fannie Mae and Freddie Mac declined Thursday morning as Senate lawmakers neared a deal likely to give the government enhanced powers over the two mortgage finance companies. http://www.ibtimes.com/articles/20080515/fannie-freddie-dip-on-prospect-of-more-oversight.htm Thu, 15 May 2008 11:06:26 EDT Credit ratings agency Fitch Ratings said Thursday it assigned mortgage financier Fannie Mae's newly issued preferred stock a rating of "AA-." The preferred stock includes $2.6 billion that is mandatory convertible to common shares and another $2 billion that is non-convertible. http://www.ibtimes.com/articles/20080515/fitch-rates-fannie-mae-preferred-shares-aa.htm Thu, 15 May 2008 11:00:39 EDT Fannie Mae found buyers for $2 billion of a special class of stock, the mortgage financier said Tuesday, putting the company on the verge of completing its plan to raise more cash to stabilize its finances. http://www.ibtimes.com/articles/20080513/fannie-mae-finds-buyers-for-2-billion-in-stock.htm Tue, 13 May 2008 17:55:39 EDT Fannie Mae said late Thursday it will sell about $4.5 billion of common stock and preferred stock to raise cash after posting a $2.2 billion loss for the first quarter. http://www.ibtimes.com/articles/20080508/fannie-mae-prices-4-5-billion-stock-offering.htm Thu, 08 May 2008 21:37:00 EDT Treasury Secretary Henry Paulson on Wednesday endorsed moves by Fannie Mae and Freddie Mac to expand their roles in the stricken mortgage market while pressing for greater oversight of the struggling government-sponsored companies. http://www.ibtimes.com/articles/20080507/paulson-endorses-fannie-freddie-capital-moves.htm Wed, 07 May 2008 15:25:46 EDT Credit ratings agency Standard & Poor's said Tuesday it affirmed Fannie Mae's senior debt rating, but placed the mortgage financier's risk to government, preferred stock and subordinated debt ratings on a negative credit watch. http://www.ibtimes.com/articles/20080506/s-p-warns-it-might-cut-some-of-fannie-maes-ratings.htm Tue, 06 May 2008 15:05:39 EDT The steeper slide in home prices is accelerating the pace of foreclosures, Fannie Mae said Tuesday as it outlined plans for shoring up its finances following a $2.2 billion first quarter loss. http://www.ibtimes.com/articles/20080506/fannie-mae-sees-sharper-home-price-declines-loses-2-2b.htm Tue, 06 May 2008 14:58:17 EDT Fannie Mae reported losses of $2.2 billion in the first quarter and the nation's largest buyer of home loans said Tuesday it would cut its dividend and raise $6 billion in new capital, with expectations that the housing slump will persist into next year. http://www.ibtimes.com/articles/20080506/fannie-mae-loses-2-2b-in-1q-warns-of-severe-weakness.htm Tue, 06 May 2008 09:23:55 EDT Fannie Mae said Tuesday it lost $2.2 billion in the first quarter as home-loan delinquencies mounted and home prices declined more sharply than the mortgage finance company had expected. http://www.ibtimes.com/articles/20080506/fannie-mae-loses-2-2b-in-1q-warns-of-severe-weakness.htm Tue, 06 May 2008 08:13:55 EDT