|
|
- Fannie Mae shakes up management team
(AP)
 AP - Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled companies is imminent.
- Three Fannie Mae execs out, shares rally earlier
(Reuters)
 Reuters - Fannie Mae , the biggest U.S.
mortgage finance company, on Wednesday announced a shake-up of
top executives, including the exit of its chief financial
officer, in an effort to better implement a plan to preserve
capital and cut losses.
- Treasurys edge higher amid Fannie, Freddie worries
(AP)
AP - Treasury bonds rebounded Wednesday to finish slightly higher amid uncertainty over whether troubled mortgage financiers Fannie Mae and Freddie Mac would need a government bailout.
- Fannie Mae shakes up top staff, keeps CEO
(AFP)
 AFP - Fannie Mae, one of the government-sponsored mortgage finance giants facing trouble from the housing meltdown, announced a shakeup of key management Wednesday while keeping its chief executive.
- Fannie Mae announces management shakeup
(Reuters)
 Reuters - Mortgage-finance company Fannie Mae
on Wednesday announced a management shake-up in an
effort to come to grips with mounting credit losses and a
shrinking capital base.
- 3 top Fannie Mae executives to leave company
(AP)
AP - Fannie Mae says three top executives are leaving as the mortgage finance company aims to cope with mounting losses from the mortgage crisis.
- Strong data, financials drive stocks higher
(Reuters)
 Reuters - Stocks rose on Wednesday as
surprisingly strong data on durable goods orders soothed some
concern about the sluggish economy while Fannie Mae and Freddie
Mac led a rally in financial shares.
- No GSE announcement on Wednesday: U.S. Treasury
(Reuters)
Reuters - The U.S. Treasury on Wednesday shot
down financial market rumors that an announcement regarding
mortgage finance companies Fannie Mae and Freddie Mac
was imminent.
- Judge dismisses borrower lawsuit against IndyMac
(Reuters)
 Reuters - A federal judge has dismissed a
lawsuit accusing the now-bankrupt mortgage lender IndyMac
Bancorp Inc of inflating the appraised values of
homes and misleading borrowers into paying higher closing and
financing costs.
- Freddie, Fannie bail-out concerns premature: Merrill
(Reuters)
Reuters - Merrill Lynch said it was premature to consider
a recapitalization sponsored by the U.S Treasury for Freddie
Mac and Fannie Mae , the two biggest U.S.
mortgage finance giants, as capital depletion would not likely
occur for several quarters.
- Mortgage applications up 1st time in 3 weeks: report
(Reuters)
 Reuters - U.S. mortgage applications rose for
the first time in three weeks as interest rates edged lower, an
industry group said on Wednesday.
- New Jersey governor wants larger gov't role for Fannie
(Reuters)
 Reuters - The U.S. government should eliminate the
hybrid structure of mortgage giants Fannie Mae and Freddie Mac
and fully back them with taxpayer funds, New Jersey Gov. Jon
Corzine said on Tuesday on the sidelines of the Democratic
National Convention.
- Asset-backed securities markets suffer
(FT.com)
FT.com - Even as another embattled British builder, Bovis, pleads for greater intervention to support the UK mortgage market, where new loan approvals are down 65 per cent versus a year ago, the European Central Bank is looking nervously at the support it has provided the sector.
- Fannie, Freddie capital can absorb losses: report
(Reuters)
 Reuters - Fannie Mae and Freddie Mac
, the two biggest U.S. mortgage finance giants, have
enough capital to absorb probable losses through the end of the
year, reducing the need for emergency government support,
according to Citigroup equity research.
- Thornburg survival in doubt, sees completing tender
(Reuters)
Reuters - Thornburg Mortgage Inc , a
specialist in jumbo home loans, said its survival remained in
doubt following additional margin calls, but it is on track to
complete a restructuring and avoid collapse.
- The Credit Crunch Cuts Deeper and Wider
(BusinessWeek Online)
BusinessWeek Online - On Wall Street, the yearlong credit crunch continues to hog headlines. For example, the future is still in question for investment banks like Lehman Brothers and mortgage financiers (BusinessWeek.com, 8/22/08) Fannie Mae and Freddie Mac .
- Fannie Mae, Freddie Mac shares rise
(AP)
AP - Shares of Fannie Mae and Freddie Mac soared Monday in a respite from their battering in recent days, while some regional banks saw their stocks sink on worries they could be swept up in the turmoil surrounding the mortgage finance giants.
- Florida tops 1Q mortgage fraud list
(AP)
AP - Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industry data released Monday.
- Gross, Fuss say any new GSE deal needs Treasury
(Reuters)
 Reuters - Two of the biggest U.S. bond investors
said they would get involved in a capital raising by Fannie Mae
and Freddie Mac as long as the U.S. Treasury
participates in the new deals.
- JPMorgan's Fannie, Freddie preferred stock has lost $600 million
(Reuters)
 Reuters - JPMorgan Chase & Co in a U.S.
Securities and Exchange Commission filing said it holds about
$1.2 billion Fannie Mae , Freddie Mac
|
|
