Fannie Mae Soft Pedals $4 Billion Mistakes
at The Street - Thu May 08, 11:33AM CDT
Fannie Mae quietly acknowledged several errors in its financial statements that have largely gone unnoticed, even by sophisticated investors who made daring contrarian bets on the turnaround of the controversial mortgage giant.
Fannie Mae Reports Net Income of $5.3 Billion and Comprehensive Income of $5.7 Billion for First Quarter 2014
PR Newswire - Thu May 08, 6:27AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today reported its first quarter 2014 results and filed its quarterly report on Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the first quarter of 2014. The following documents are now available on Fannie Mae's Web site at www.fanniemae.com:
Ackman's Optimism on Fannie, Freddie - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 07, 3:40PM CDT
Shares of Federal National Mortgage Association (FNMA) or Fannie Mae and Federal Home Loan Mortgage Corporation (FMCC) or Freddie Mac rallied about 3.0% and 6.3%, respectively, following Bill Ackman's presentation in favor of the companies on May 5.
Consumer Optimism Toward Housing Continues Gradual Climb Amid Easing Employment Concerns
PR Newswire - Wed May 07, 8:00AM CDT
Americans' outlook toward the housing market continued to improve in April, perhaps foreshadowing an increase in housing activity in the coming months, according to results from Fannie Mae's April 2014 National Housing Survey. The share of respondents who believe now is a good time to sell a home increased for the third consecutive month to an all-time high of 42 percent, an encouraging sign since many potential homebuyers will need to sell a home before entering the purchase market. In addition, the share of respondents who say now is a good time to buy a home remained steady at 69 percent following a gradual climb since the beginning of the year. Notably, although consumers remain generally split regarding their ability to get a mortgage, fewer respondents are concerned about losing their job - which may encourage potential homebuyers to enter the market.
David Einhorn Causes athenaHealth Rout: Highlights from Ira Sohn 2014
at The Street - Tue May 06, 2:38PM CDT
Greenlight Capital founder David Einhorn disclosed he had shorted shares of athenaHealth as part of a basket of technology stocks he believes are indicative of a bubble.
Senate and Stress Test: Another Week With Fannie Mae and Freddie Mac
Alexander MacLennan, The Motley Fool - Motley Fool - Tue May 06, 6:33AM CDT
Action (or in some cases, inaction) continues to surround GSEs Fannie Mae and Freddie Mac and the last week of April proved no exception. The widely expected Senate panel discussion of the Johnson-Crapo bill occurred as senators discussed the...
Ackman Unveils Fannie and Freddie Strategy
at The Street - Mon May 05, 3:35PM CDT
Fannie Mac FNMA and Freddie Mac FMCC shares rallied late Monday after hedge fund investor Bill Ackman detailed his thinking in owning common shares of the mortgage giant at the Ira Sohn Conference and in an interview with CNBC.
Why Fannie (FNMA), Freddie (FMCC) Stock Closed Higher Today
at The Street - Mon May 05, 3:27PM CDT
Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) closed up today after activist investor Bill Ackman proposed keeping them.
The Fannie and Freddie Experiment Was a "Total Failure"
David Hanson, The Motley Fool - Motley Fool - Mon May 05, 6:30AM CDT
Despite recent reports suggesting Warren Buffett was open to filling a potential void in the housing finance market if Fannie Mae and Freddie Mac were wound down, Buffett and Charlie Munger all but squashed that notion during the Berkshire...
Congressional Inaction Could Lead to Additional Future Bailouts for Fannie Mae and Freddie Mac
Matthew Frankel, The Motley Fool - Motley Fool - Sun May 04, 11:31AM CDT
To say the future for Fannie Mae and Freddie Mac's shareholders is uncertain would be quite an understatement! The latest news about the possibility of Fannie and Freddie needing another huge bailout if another downturn happened is just...
The Reason Mortgage Rates Could Skyrocket
Matt Koppenheffer and David Hanson, The Motley Fool - Motley Fool - Sat May 03, 12:18PM CDT
Mortgage rates have jumped higher over the past year, but they still sit at historical lows . However, that may not be the case for much longer. Politicians on Capitol Hill, both Republicans and Democrats, are discussing a bill that would reduce...
First Horizon Closes FHFA Lawsuit for $110M - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Apr 30, 4:50PM CDT
First Horizon National Corporation (FHN) ended the legal tussle it was embroiled in since 2011 with the Federal Housing Finance Agency (FHFA), the conservator for Freddie Mac (FMCC) and Fannie Mae (FNMA).
Fannie Mae Releases March 2014 Monthly Summary
PR Newswire - Wed Apr 30, 4:44PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) March 2014 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
Senate Committee Delays Vote that Could Help Eliminate Freddie and Fannie
ACCESSWIRE - Wed Apr 30, 2:32PM CDT
Senators delayed a committee vote on legislation Apr. 29 that could eliminate Freddie Mac (OTCQB: FNMA) and Fannie Mae (OTCQB: FNMA) and replace them with a new entity.
Fannie and Freddie's Shareholders Should Savor Their Latest Victory
Matthew Frankel, The Motley Fool - Motley Fool - Wed Apr 30, 12:54PM CDT
Fannie Mae and Freddie Mac shareholders breathed a sigh of relief on yesterday as the Senate Banking Committee indefinitely delayed consideration of a bill aimed at overhauling housing finance . Under the bill, both Fannie and Freddie would be...
What Killed Obama Housing Fix
at The Street - Wed Apr 30, 10:43AM CDT
Housing reform is dead, and Tuesday's delay of a Senate Banking Committee vote on President Obama's favorite piece of housing legislation was only the final nail in the coffin.
Fannie and Freddie Rally As Vote to End Them is Postponed
at The Street - Tue Apr 29, 3:56PM CDT
Fannie Mac and Freddie Mac shares were higher in early trading Tuesday following a delay in a vote on a bill from Sens. Tim Johnson (D., SC) and Mike Crapo (R., Idaho) to wind down the government sponsored entities.
Fannie and Freddie Defy Obama, Look Invincible
at The Street - Tue Apr 29, 7:52AM CDT
Just a couple of years ago it looked like no one in Washington wanted to let Fannie Mae and Freddie Mac live, but the government sponsored entities have lately found defenders in unlikely places and are even showing signs of being independent of the...
Barclays Falls on FHFA Settlement News - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Apr 28, 1:55PM CDT
ADRs of Barclays PLC (BCS) fell nearly 1% following the announcement of a mortgage settlement deal with the Federal Housing Finance Agency (FHFA), the conservator of Freddie Mac (FMCC) and Fannie Mae (FNMA).
Why Fannie (FNMA), Freddie (FMCC) Stock Are Lower Today
at The Street - Mon Apr 28, 1:01PM CDT
Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) are lower today as a U.S. Senate plan for the two mortgage financiers faces its first test this week with its authors making last minute changes to gather more support to wind them down.