Hints and tips:
...US Supreme Court deals blow to Fannie and Freddie shareholders Shares in Fannie Mae and Freddie Mac plunged by more than a third yesterday after the Supreme Court threw out investors’ claims that the US...
...Freddie Lee Tyson, who had congenital syphilis but never showed any symptoms, was not one of these....
...But increased ranges had prompted a higher level of returns and increased discounting, according to Freddie George, analyst at Cantor Fitzgerald....
...Claire Robinson, a managing director in the structured finance business at Moody’s, said: “Post-financial crisis, the environment has changed....
...Were it not for the dividend, Fannie and Freddie argue, they would be close to breaking even....
...Fannie Mae and Freddie Mac, the government-sponsored mortgage guarantors, and private investors who own mortgage loans were also mentioned as possible providers of cash in the scheme....
...- What to do about Fannie and Freddie. - Five ways to play Middle East turmoil. - On core inflation. - The great decoupling. - Well, they would say that, wouldn’t they?...
...BofA faced $12.9bn in such claims in late 2011, about half from Fannie and Freddie and the rest from private investors....
...The WSJ notes that even if Freddie can stem its losses, it is unlikely to ever pay down debt amassed as a result of the government’s bailout....
...Fannie Mae and Freddie Mac have cost the US taxpayer $150bn and the bill could rise to at least twice that....
...Fannie Mae and Freddie Mac, the US government-backed mortgage lenders, have lost $226bn since mid-2007, according to a government report on Thursday, reports the FT....
...Freddie Mac, the second largest US mortgage finance company, said on Wednesday it would need an additional $10.6bn from the US Treasury to offset losses on bad loans, reports the FT....
...But a change began in 2008, as Fannie Mae and Freddie Mac verged on bankruptcy, and legislation was rushed through Congress to restructure them....
...The company which, along with Freddie Mac, provides financing for nearly 90% of home loans being issued in the US, lost $1.2bn in the second quarter, compared with a $11.5bn loss in the first quarter....
...MW: We don’t want to have Fannie and Freddie here, do we? MK: No, we do not want to do that. MW: Okay, let’s leave aside the fiscal policy issues....
...US mortgage giant Freddie Mac said on Wednesday it would probably have to take more taxpayer cash this year to offset continued losses in a fragile housing market....
...” - Taibbi on Fannie, Freddie and the New Red and Blue. - “Bankers are like movie stars….” - A big year for oil? - Dubious plans for redeeming US money market accounts....
...The Federal Open Market Committee on Wednesday decided to shave $25bn off the planned $200bn purchase of debt issued by state-owned mortgage giants Fannie Mae and Freddie Mac....
...Freddie Mac has hired Bruce Witherell, former co-head of Morgan Stanley’s residential mortgage business, as its chief operating officer....
...AIG, the insurer that came close to collapse last September, has soared 150% since Aug 3, while government-run mortgage financiers Fannie and Freddie have both gained nearly 250%....
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