International Business News - Freddie 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 A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said, as the House scheduled a Wednesday vote on legislation that would tap the mortgage giants' profits to cover any losses from saving 400,000 homeowners from foreclosure. http://www.ibtimes.com/articles/20080723/rescue-of-mortgage-giants-could-hit-25-billion.htm Wed, 23 Jul 2008 09:49:13 EDT Behind their down-home names, Fannie Mae and Freddie Mac are so vital to the economy that the government scrambled to offer them a lifeline. But what exactly are they, and what do they do? http://www.ibtimes.com/articles/20080722/fannie-and-freddie-getting-to-know-powerful-pair.htm Tue, 22 Jul 2008 17:36:34 EDT A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said, as the House scheduled a Wednesday vote on legislation that would tap the mortgage giants' profits to cover any losses from saving 400,000 homeowners from foreclosure. http://www.ibtimes.com/data/articleimgs/96049-mortgage-crisis.jpg http://www.ibtimes.com/articles/20080722/mortgage-giant-rescue-could-cost-25b.htm http://www.ibtimes.com/articles/20080722/mortgage-giant-rescue-could-cost-25b.htm Tue, 22 Jul 2008 20:34:33 EDT Democrats and Republicans queasy about a federal rescue of mortgage giants Fannie Mae and Freddie Mac are coalescing around the idea of letting the government slap limits on the multimillion-dollar pay packages of their executives. http://www.ibtimes.com/articles/20080722/lawmakers-move-to-curb-fannie-freddie-pay.htm Tue, 22 Jul 2008 06:32:59 EDT Shares of mortgage finance giant Fannie Mae rose Monday as a government order temporarily banning a certain kind of short-selling of its stock, Freddie Mac's and that of several large investment banks took effect. http://www.ibtimes.com/articles/20080721/fannie-shares-rise-with-new-sec-short-sale-order.htm Mon, 21 Jul 2008 17:34:43 EDT Freddie Mac Chairman and Chief Executive Richard Syron pocketed nearly $19.8 million in compensation last year, according to a Securities and Exchange Commission filing Friday, even though the mortgage company's stock lost half its value in 2007. http://www.ibtimes.com/articles/20080718/freddie-mac-ceo-gets-19-8-million-in-2007.htm Fri, 18 Jul 2008 17:30:57 EDT Mortgage financier Freddie Mac took a step toward issuing common and preferred stock to help bolster its balance sheet Friday when the Securities and Exchange Commission accepted its registration statement filed earlier in the day. http://www.ibtimes.com/data/articleimgs/93866-freddie.jpg http://www.ibtimes.com/articles/20080718/freddie-mac-takes-step-toward-issuing-stock.htm http://www.ibtimes.com/articles/20080718/freddie-mac-takes-step-toward-issuing-stock.htm Fri, 18 Jul 2008 20:17:57 EDT Fitch Ratings on Thursday affirmed long-term issuer default ratings on Fannie Mae and Freddie Mac's, but cut Fannie's preferred stock rating and put Freddie's on watch for a possible downgrade. http://www.ibtimes.com/articles/20080717/fitch-affirms-fannie-freddie-long-term-ratings.htm Thu, 17 Jul 2008 11:00:25 EDT For years, mortgage giants Fannie Mae and Freddie Mac tenaciously worked to nurture, and then protect, their financial empires by invoking the political sacred cow of homeownership and fielding an army of lobbyists, power brokers and political contributors. http://www.ibtimes.com/data/articleimgs/92873-germany-market.jpg http://www.ibtimes.com/articles/20080717/fannie-freddie-spent-millions-on-lobbying.htm http://www.ibtimes.com/articles/20080717/fannie-freddie-spent-millions-on-lobbying.htm Thu, 17 Jul 2008 13:13:17 EDT Shares of mortgage giants Fannie Mae and Freddie Mac tumbled again Tuesday as investors began to accept their holdings might be wiped out by a government rescue plan. http://www.ibtimes.com/articles/20080715/fannie-freddie-shares-continue-downward-spiral.htm Tue, 15 Jul 2008 17:54:27 EDT Freddie Mac attracted more bidders Monday for a highly anticipated auction of $3 billion in short-term securities than it had nearly all year, a day after the federal government provided support for the mortgage giant. http://www.ibtimes.com/articles/20080714/freddie-mac-auction-draws-plenty-of-bidders.htm Mon, 14 Jul 2008 17:31:50 EDT Among the premarket stories for Friday, July 11, from AP Financial News: NEW YORK (AP)--An analyst slashed price targets on Freddie Mac and Fannie Mae Friday as shares of both government-sponsored mortgage companies continued their downward spiral in premarket trading. http://www.ibtimes.com/articles/20080711/premarket-roundup-fannie-freddie-qualcomm.htm Fri, 11 Jul 2008 09:14:59 EDT Shares of Fannie Mae and Freddie Mac sank, then recovered somewhat, on a gut-wrenching Friday as investors tried to ascertain whether the government will soon intervene to shore up confidence in the troubled mortgage finance companies. http://www.ibtimes.com/articles/20080711/freddie-fannie-shares-plummet-premarket.htm Fri, 11 Jul 2008 16:48:49 EDT An analyst slashed price targets on Freddie Mac and Fannie Mae Friday as shares of both government-sponsored mortgage companies continued their downward spiral in premarket trading. http://www.ibtimes.com/articles/20080711/ahead-of-the-bell-freddie-fannie-targets-cut.htm Fri, 11 Jul 2008 07:30:57 EDT Fears that the government will be forced to rescue Fannie Mae and Freddie Mac could well become a self-fulfilling prophecy. Shares of the government-chartered mortgage finance giants plummeted Thursday and are trading at levels last seen in the early 1990s. If the prices don't recover, it will be harder for the two companies to raise more money through stock sales to compensate for losses from the housing bust. Investors are afraid their stakes will vanish if the government is forced to rescue the companies. http://www.ibtimes.com/data/articleimgs/89653-financial-overhaul.jpg http://www.ibtimes.com/articles/20080711/fannie-freddie-sink-on-government-rescue-fears.htm http://www.ibtimes.com/articles/20080711/fannie-freddie-sink-on-government-rescue-fears.htm Fri, 11 Jul 2008 06:55:45 EDT Republican presidential candidate John McCain said Thursday the government cannot let mortgage giants Fannie Mae and Freddie Mac go under. The two government-sponsored companies have been operating under a cloud of uncertainty in recent weeks, and their shares have plunged to levels not seen since the early 1990s. http://www.ibtimes.com/articles/20080710/mccain-mortgage-giants-cant-be-allowed-to-fail.htm Thu, 10 Jul 2008 15:32:49 EDT Fears that the government will be forced to rescue Fannie Mae and Freddie Mac could well become a self-fulfilling prophecy. Shares of the government-chartered mortgage finance giants plummeted Thursday and are trading at levels last seen in the early 1990s. If the prices don't recover, it will be harder for the two companies to raise more money through stock sales to compensate for losses from the housing bust. Investors are afraid their stakes will vanish if the government is forced to rescue the companies. http://www.ibtimes.com/articles/20080710/fannie-freddie-sink-on-government-rescue-fears.htm Thu, 10 Jul 2008 19:08:50 EDT Shares of Fannie Mae and Freddie Mac tumbled Wednesday amid continuing fears the mortgage finance companies will be forced to sell more new shares than anticipated to compensate for losses from the housing slump. http://www.ibtimes.com/articles/20080709/fannie-freddie-sink-on-capital-concerns.htm Wed, 09 Jul 2008 16:42:03 EDT Shares of mortgage purchasers Fannie Mae and Freddie Mac tumbled Monday after a Federal Reserve official warned housing market problems would likely extend into next year and an analyst said accounting changes could leave the two woefully short of necessary capital reserves. http://www.ibtimes.com/articles/20080707/housing-accounting-worries-sink-fannie-freddie.htm Mon, 07 Jul 2008 19:34:16 EDT Investors are worried about mortgage finance company Freddie Mac's plans to shore up its finances. Shares of the McLean, Va.-based company fell nearly 9 percent on Thursday after a report in the Wall Street Journal highlighted concerns about potential trouble with the company's plans to raise $5.5 billion in capital through stock sales. http://www.ibtimes.com/articles/20080703/freddie-mac-shares-sink-on-capital-concerns.htm Thu, 03 Jul 2008 17:34:21 EDT