WASHINGTON — Fannie Mae has joined rival mortgage financer Freddie Mac in cutting its dividend and selling billions of dollars worth of special stock to raise capital to cushion against mounting losses from high-risk home loans. Fannie
That sounds like a lot more than $187.5 billion, a point endlessly repeated by the speculators in Fannie and Freddie’s still-existing common and junior preferred stock. Does this mean that Fannie and Freddie have economically, if not legally, …
NEW YORK, Aug 10 (Reuters) - Shares of Freddie Mac FRE.P FRE.N soared on Monday, nearly doubling in price on the first trading day after the second-largest provider of U.S. home mortgage funding posted its first quarterly profit in two …
Speculators poured into shares of Fannie Mae and Freddie Mac on Monday, the first day of trading after ... ought to puzzle most investors. The stock market's reaction mystifies veteran banking analyst Bert Ely at Ely & Co. in …
by beating Danny Garcia, my stock definitely risen...the surgery only put me on …
If you like trading off volatility, disgraced government-sponsored enterprises Fannie Mae and Freddie Mac may be just the stocks for you. In another sign of the continuing recovery of the U.S. housing market, shares of the two entities …
Goldman Sachs Group Inc. was sued by Liberty Mutual Insurance Co. for fraudulently misleading it into buying preferred stock of mortgage financier Fannie Mae that would become “virtually worthless.” In a lawsuit filed last Thursday in …
The meltdown of mortgage agencies Fannie Mae and Freddie Mac may ultimately cost taxpayers $1 trillion. And trading in Fannie Mae as a penny stock may cost some speculators their shirts. That’s because a small move in a penny
Freddie Mac was created by Congress to promote home ownership, though both are private corporations with shares traded on the New York Stock Exchange. The two firms hold stakes in half the nation's residential mortgages. Because …