May 20, 2005 |
Federal Reserve Chairman Alan Greenspan again pushed for limits on the multibillion-dollar mortgage holdings of Fannie Mae and Freddie Mac, saying such restrictions would not hurt the thriving housing market. Greenspan, who has been pressing Congress to limit the holdings of the two mortgage giants, warned Thursday that their debt poses a risk to U.S. financial markets.
November 10, 2000 |
Vice President Al Gore's potential legal challenge to the presidential vote in Florida rattled the stock market overall on Thursday, but investors picked at least two winners out of the election mess: mortgage finance giants Fannie Mae and Freddie Mac. Fannie Mae (ticker symbol: FNM) jumped $3.50 to $76.75 and Freddie Mac (FRE) rose $2.13 to $58.38 after analysts said the election results probably reduce the likelihood that Republicans will succeed in winning tighter regulation of the companies.
February 26, 2004 |
The heads of mortgage giants Fannie Mae and Freddie Mac assured senators Wednesday that their collapse was unlikely, a day after Federal Reserve Chairman Alan Greenspan warned that they could pose a threat to the U.S. financial system if their ability to assume new debt isn't restrained.
September 9, 2008
The rapid deterioration of Fannie Mae's and Freddie Mac's financial health made a federal takeover of the mortgage giants inevitable. Yet it still seemed sudden when the government swooped in over the weekend, putting the companies under the strict control of its federal regulator to avert an even larger taxpayer-funded bailout. Just two months ago, officials at the Treasury Department and the Federal Reserve tried to reassure Fannie and Freddie shareholders by offering to shore up the companies with low-interest government loans and, potentially, an investment in their stock.
July 14, 2008 |
Acting to prevent a severe disruption of the mortgage market, the federal government stepped in Sunday with plans for a sweeping aid package designed to bolster confidence in battered home-loan giants Fannie Mae and Freddie Mac. The Bush administration said it would ask Congress to authorize the Treasury Department to lend Fannie and Freddie more money than current limits permit and buy stock in the two companies.
July 7, 2003 |
It was a quarter of controversy and uncertainty for mortgage giants Fannie Mae and Freddie Mac, but it won't stop them from turning out healthy earnings increases. Indeed, Wall Street expects Fannie Mae to bring in second-quarter earnings of $1.86 a share, up 20% from $1.55 a year ago. At least one analyst, Sandler O'Neill & Partners' Michael McMahon, pegs the number even higher at $1.89 a share. Freddie Mac is expected to post earnings of $1.41 a share, up from $1.30 a year earlier.