International Business News - Mae 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 Shares of student lender SLM Corp. rose Friday even as a Keefe, Bruyette & Woods analysts lowered earnings estimates due to continued pressures in the credit markets. http://www.ibtimes.com/articles/20081010/slm-corp-shares-rise-analysts-lower-estimates.htm Fri, 10 Oct 2008 20:19:23 EDT Fannie Mae said Tuesday it will buy mortgages from the Federal Home Loan Bank of Chicago under an agreement with the bank. Fannie Mae will purchase 15- and 30-year fixed-rate mortgages channeled through the bank's Mortgage Partnership Finance Program, which provides affordable mortgages through the bank's member institutions. http://www.ibtimes.com/articles/20081007/fannie-mae-to-buy-loans-from-fhlb-of-chicago.htm Tue, 07 Oct 2008 12:31:13 EDT Mortgage finance company Fannie Mae, seized by the federal government last month, is canceling a fee hike for new mortgages. Fannie Mae said Thursday that a fee introduced last year will remain at 0.25 percent of the total loan amount. It had been scheduled to rise to 0.5 percent on Nov. 1. For a $200,000 loan, that's a savings of $500. http://www.ibtimes.com/articles/20081002/fannie-mae-backs-off-on-fee-hike.htm Thu, 02 Oct 2008 20:48:46 EDT Shares of student lender SLM Corp. jumped Thursday after the company said it expects third-quarter earnings to beat Wall Street expectations and that it is well-capitalized. http://www.ibtimes.com/articles/20081002/slm-corp-shares-rise-co-expects-to-beat-views.htm Thu, 02 Oct 2008 20:11:05 EDT A federal grand jury is investigating accounting and disclosure issues at mortgage finance giant Fannie Mae. Fannie Mae said in a Securities and Exchange Commission filing Monday that it received a subpoena Friday from the U.S. Attorney's office in Manhattan as well as a request from the SEC that the company preserve documents. Fannie Mae was taken over by the government earlier this month. http://www.ibtimes.com/articles/20080929/fannie-mae-discloses-federal-investigation.htm Mon, 29 Sep 2008 09:43:34 EDT Camden Property Trust said Wednesday it received $380 million in financing from Fannie Mae lenders and plans to use the money to repay debt. The Houston real estate company said it got a $175 million variable rate loan, currently at 4.2 percent per year, and a $205 million fixed rate loan at 5.625 percent over 10 years. http://www.ibtimes.com/articles/20080924/camden-property-gets-380m-in-fannie-financing.htm Wed, 24 Sep 2008 12:56:40 EDT First South Bancorp Inc. said Monday that the government's takeover of Fannie Mae and Freddie Mac won't affect it because the holding company for First South Bank doesn't own any shares in the companies. http://www.ibtimes.com/articles/20080922/first-south-unaffected-by-fannie-freddie-failure.htm Mon, 22 Sep 2008 16:30:26 EDT Student lender Sallie Mae said Monday it has appointed David West as senior vice president and chief credit officer. West most recently served in senior credit and risk management positions at MBNA and Bank of America Corp., the company said. http://www.ibtimes.com/articles/20080922/sallie-mae-names-new-chief-credit-officer.htm Mon, 22 Sep 2008 14:37:05 EDT Mortgage finance giant Fannie Mae, taken over by the government earlier this month, announced Friday the resignations of four senior executives and said it was restructuring its organization. http://www.ibtimes.com/articles/20080920/4-fannie-execs-depart-organization-restructured.htm Sat, 20 Sep 2008 06:03:12 EDT Mortgage finance giant Fannie Mae, taken over by the government earlier this month, announced Friday the resignations of four senior executives and said it was restructuring its organization. http://www.ibtimes.com/articles/20080919/4-fannie-execs-depart-restructures-organization.htm Fri, 19 Sep 2008 21:46:29 EDT Mortgage giant Fannie Mae said Wednesday night it received permission from its regulator to pay previously declared, but unpaid dividends on all its preferred stock. http://www.ibtimes.com/articles/20080911/fannie-mae-to-pay-previously-declared-dividend.htm Thu, 11 Sep 2008 09:01:38 EDT Mortgage finance company Fannie Mae sold $7 billion in two-year notes Wednesday at prices that showed investors' fears about the company have subsided since the government took over the company last weekend. http://www.ibtimes.com/articles/20080910/fannie-mae-sells-record-7b-in-two-year-debt.htm Wed, 10 Sep 2008 17:01:22 EDT Fitch Ratings affirmed on Sunday its top-notch debt rating for both Fannie Mae and Freddie Mac after the government seized the mortgage lenders. The agency also reiterated its "AAA" rating for the U.S. government, saying any risks involved with the country's support for the two companies "do not imperil" its ability to repay debt. http://www.ibtimes.com/articles/20080908/fitch-affirms-fannie-freddie-debt-ratings.htm Mon, 08 Sep 2008 14:48:31 EDT Analysts expect Freddie Mac and Fannie Mae to trade as penny stocks after the U.S. government seized control of the mortgage giants that crumbled under the weight of bad home loans. http://www.ibtimes.com/articles/20080908/ahead-of-the-bell-fannie-mae-and-freddie-mac.htm Mon, 08 Sep 2008 09:26:50 EDT Student lender SLM Corp., the student lender better known as Sallie Mae, said Thursday it named Kenneth Fischbach senior vice president of corporate finance. http://www.ibtimes.com/articles/20080904/sallie-mae-names-fischbach-sr-vp-of-corp-finance.htm Thu, 04 Sep 2008 09:47:18 EDT Among the stock activity stories for Tuesday, Sept. 2, from AP Financial News: WASHINGTON (AP)--Shares of mortgage finance companies Fannie Mae and Freddie Mac rose Tuesday, after Freddie Mac said it would sell $4 billion in two-year and five-year debt this week. http://www.ibtimes.com/articles/20080902/movers-roundup-fannie-mae-freddie-mac-staples.htm Tue, 02 Sep 2008 14:26:33 EDT Analysts at Keefe Bruyette & Woods noted Thursday that funding costs are continuing to rise at Sallie Mae, the nation's largest student lender, for its sales of student loans packaged together as securities. http://www.ibtimes.com/articles/20080828/analysts-cite-rising-costs-for-slm.htm Thu, 28 Aug 2008 11:22:36 EDT Among the premarket stories for Thursday, Aug. 28, from AP Financial News: NEW YORK (AP)--An analyst said Thursday that Fannie Mae's recent shake up of its management team--it replaced three top executives--is a move to demonstrate its ability to deal with current operational challenges. http://www.ibtimes.com/articles/20080828/premarket-roundup-fannie-mae-mbia.htm Thu, 28 Aug 2008 09:42:39 EDT An analyst said Thursday that Fannie Mae's recent shake up of its management team--it replaced three top executives--is a move to demonstrate its ability to deal with current operational challenges. http://www.ibtimes.com/articles/20080828/ahead-of-the-bell-fannie-mae.htm Thu, 28 Aug 2008 08:11:58 EDT Fannie Mae says three top executives are leaving as the mortgage finance company aims to cope with mounting losses from the mortgage crisis. Fannie Mae Chief Financial Officer Stephen Swad is leaving to "pursue other opportunities" in the private equity business. He is being replaced by David C. Hisey, formerly the company's senior vice president and controller. http://www.ibtimes.com/articles/20080827/3-top-fannie-mae-executives-to-leave-company.htm Wed, 27 Aug 2008 17:08:03 EDT