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The Fannie-Freddie Equity Conundrum (FNM, FRE)
247wallst.com - 10/25/2009
The Fannie-Freddie Equity Conundrum (FNM, FRE)
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It is no secret that things could be much better than they are at Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). But the last week or so has re-highlighted just how bad and dire the situation is for these government sponsored entities and perhaps more importantly for the common ...
SF Fed: Recent Developments in Mortgage Finance
calculatedriskblog.com - 10/26/2009
SF Fed: Recent Developments in Mortgage Finance
— calculatedriskblog.com — From San Francisco Fed Senior Economist John Krainer: Recent Developments in Mortgage Finance As the U.S. housing... market has moved from boom in the middle of the decade to bust over the past two years, the sources of mortgage funding have changed ... (more) SF Fed: Recent Developments in Mortgage Finance

Comments vote down FT Alphaville found this 10/26/2009found this
city-journal.org - 10/22/2009
Yes, the CRA Is Toxic
— city-journal.org — Op-ed by Edward Pinto (more) Yes, the CRA Is Toxic

Comments vote down CARPE DIEM found this 10/22/2009found this
Are Fannie and Freddie Worthless?
blog.ockhamresearch.com - 10/19/2009
Are Fannie and Freddie Worthless?
— blog.ockhamresearch.com — According to Bose George analyst at Keefe, Bruyette & Woods, the two government sponsored entities that buy... mortgages from banks have zero value to common shareholders.  KBW downgraded the shares to Underperform and lowered the price target to zero from $1.  The primary concern is ... (more) Are Fannie and Freddie Worthless?

Comments vote down ockhamsrazor ockhamsrazor posted 10/19/2009posted this

Blog Reactions

Abnormal Returns:  Sunday links: your own time horizon

24/7 Wall St.:  Asia Markets And Europe Open (10/26/2009)

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Blog Reactions

Sunday links: your own time horizon
Abnormal Returns — ... John C. Ogg, “The fate of Fannie and Freddie as far as the common and preferred shares go depends almost entirely upon the political situation in Washington …”  (24/7 Wall St.) ...

Asia Markets And Europe Open (10/26/2009)
24/7 Wall St. — ... was up .1% to 3,190. In Europe, ING will split itself into a bank and insurance company. Data from Reuters. Douglas A. McIntyre Yahoo Buzz Buzz up! Digg Digg fark Fark facebook Facebook tipd Tip'd tweet this Asia Markets And Europe Open (10/26/2009) via @247WallSt Tweet This Read more: International Markets Popular: Dow Back To 14,000 By May (AAPL)(GOOG)(GS)(JPM)(GE) The Fannie-Freddie Equity Conundrum (FNM, FRE) 4 More DJIA Stocks To Report Earnings (VZ, XOM, ...

CIT Highlights Risks in Junkier Financial Stocks (CIT, FNM, FRE, ABK, ETFC, AIG, PMI)
24/7 Wall St. — ... clobbered today.  The company has finally filed its pre-packaged Chapter 11 bankruptcy package and that has CIT shares down a sharp 63% at $0.26 on triple its average volume.  By now, the game is probably known by everyone that bankruptcy usually leaves shareholders of common stock out in the cold when it is all said and done.  Should it be of any surprise that the “other troubled financial stocks” are seeing their shares head south? It was just a week ago that I discussed the Fannie-Freddie equity conundrum .  Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are down ...

Related: the-fannie-freddie-equity-conundrum-fnm
Freddie Mac: Delinquency Rate Rises to 3.33 Percent
calculatedriskblog.com 10/24/2009 — NOTE: I'll have some more thoughts on existing home sales soon. Click on graph for large image. This graph shows the Freddie Mac single family delinquency rate since January 2005. Here is the Freddie Mac portfolio data . From Reuters: Freddie ...
Freddie Mac’s Secrecy Pacts Face Court Test — IEHI Feed: The Hedge Fund Implode-o-Meter
" In their class-action lawsuit against Freddie Mac, three big union-based pension funds charge that Freddie Mac executives defrauded investors by concealing the company’s exposure to high-risk mortgages, its mounting losses and its inadequate capital position. "
Freddie Mac Delinquencies Up, Yet Stock Not Down (FRE, FNM) — Volume Spike Investor
Freddie Mac (NYSE: FRE) disclosed in an SEC Filing this morning that its mortgage delinquencies continued to rise in September. Both Freddie Mac Fannie Mae (NYSE: FNM) were forced into conservatorship last year by Uncle Sam, and this does not offer much hope of a charge in that status. Freddie ...
Freddie Mac's Secrecy Pacts Face Court Test — DealBook
One year after the government took over and bailed out Freddie Mac, the giant mortgage finance company, federal regulators are blocking former employees from revealing information to investors who are suing the company for fraud, lawyers for shareholders say.
First Time Home Buyer Tax Credit Fraud Called "Disturbing" — Fund My Mutual Fund
Ahem... consider me "shocked" at this Reuters story. Who could ever foresee fraud, especially at the FHA which now has overtaken the entire US mortgage market - an institution which until a few weeks ago did not even have a risk control officer? [ Dec 11, 2008: Freddie, Fannie Considering ...
What Caused the Crisis? — Cato @ Liberty
Last night National Government Radio promoted a documentary on National Government TV about the financial crisis of 2008, which concludes that the problem was . . . not enough government. If the “Frontline” episode mentioned any of the ways that government created the crisis ...
Fannie & Freddie Firing Squad (FNM, FRE) — Volume Spike Investor
We are seeing yesterday’s big losses in Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) continue. In case you missed yesterday, the downgrade to Underperform on both with effective ZERO price targets from Keefe Bruyette & Woods was the culprit for the trading blow-ups. FNM is ...
Stock Market News Briefs: More Insider Trading Arrests Coming, Carl Icahn To Lend To CIT Group, US Treasury To Buy Securities From Freddie & Fannie — Daily Markets
More Insider Trading Arrests Coming; Icahn Offers CIT Bailout; Oil Pushes $80; Treasury Steps In To Support HFAs; N.Y. Times to Cut 100 Newsroom Jobs; Hasbro Shares Fall Amid Soft Sales, Inventory Concerns; Business IT Spending to Return to Growth in 2010 Federal investigators are planning ...
Will the New Pecora Financial Crisis Commission Have Teeth? — IEHI Feed: The Hedge Fund Implode-o-Meter
" Can the commission muster enough firepower to get the job done with Wall Street fiercely resistant to any investigative inquiries and Washington conservatives pointing to Freddie Mac and Fannie Mae as the obvious culprits?"
Fannie Mae, Freddie Mac Price Targets Cut to $0 — CrossingWallStreet.com
Keefe, Bruyette & Woods lowered its rating on Fannie ( FNM ) and Freddie ( FRE ) to $0. They also downgraded the stock to "Underperform." Of course, if you think it's going to $0 that makes sense. Both stocks trade a little over $1.
Are Fannie and Freddie Worthless? — The Razor's Edge
According to Bose George analyst at Keefe, Bruyette & Woods, the two government sponsored entities that buy mortgages from banks have zero value to common shareholders.  KBW downgraded the shares to Underperform and lowered the price target to zero from $1.  The primary concern is ...
The Fannie & Freddia Zero Call (FNM, FRE) — Volume Spike Investor
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both indicated slightly lower this morning on news of a brokerage downgrade. Keefe Bruyette & Woods downgraded both Fannie and Freddie from a prior “Market Perform” down to “Underperform.” The target is ...
Stock Picks: Fannie Mae, Freddie Mac, Eaton, Estee Lauder — BusinessWeek.com -- Finance
Plus analyst opinions on American Express and Sanderson Farms