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 …
NEW YORK, Aug 6 (Reuters) - Mortgage finance company Fannie Mae has started talks with its regulator on buying more loans, a source close to the talks said on Monday, which would provide home buyers with financing at a time when …
Like her brother Freddie Mac, Fannie Mae, the mortgage finance company, said Tuesday that it would sell $7 billion of preferred stock and cut its dividend 30 percent to shore up its capital base through 2008 as the housing slump …
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 Alexandria, Va.
WASHINGTON, Sept 17 (Reuters) - A banking trade group urged regulators to show some flexibility when considering capital requirements for community banks facing write-downs from holding the preferred stock of Fannie Mae and …
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 …
NEW YORK -- Government-sponsored mortgage purchasers Fannie Mae and Freddie Mac plan to delist their shares from the New York Stock Exchange. The companies' regulator, the Federal Housing Finance Agency, says Wednesday that …
At 11.02am, its share price fell 33.09% or 23 sen to 46.5 sen with 87.16 million shares traded, making it the second most active stock and one of the top losers ... from Kretam CEO Datuk Lim Nyuk Sang @ Freddie Lim and Santraprise Sdn …
Oct 1 (Reuters) - Shares of mortgage finance companies Fannie Mae and Freddie Mac slumped on Wednesday, after a judge threw out a lawsuit brought by investors in the companies to stop the government from making the companies …
After Fannie and Freddie went into conservatorship in the economic crisis of 2008, Treasury invested more than $100 billion in a new class of senior preferred stock that guaranteed the government first dibs on a percentage of Fannie or Freddie …