Fannie Mae Falls on Y/Y Earnings Decline and Soft Housing - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Aug 08, 2:10PM CDT
Shares of Fannie Mae fell 1.5% after it reported second-quarter 2014 net income of $3.7 billion, down 63.7% year over year.
Freddie Mac Posts Dismal Q2 Earnings, Expenses Down Q/Q - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Aug 08, 9:40AM CDT
Federal Home Loan Mortgage Corporation (FMCC) or Freddie Mac's second-quarter 2014 results had a minimal effect on its share price. Though the company reflected its 11th consecutive quarter of positive earnings, net income of $1.4 billion was below the prior-quarter earnings of $4 billion.
Mortgage Rates Mixed
Marketwire - Fri Aug 08, 5:06AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing average fixed mortgage rates moving slightly higher while remaining near their year's lows over the past month.
Freddie Mac Reports Second Quarter 2014 Financial Results
Marketwire - Thu Aug 07, 7:14AM CDT
Freddie Mac (OTCQB: FMCC) today reported its second quarter 2014 financial results and filed its quarterly Form 10-Q with the U.S. Securities and Exchange Commission. The company's SEC filing and press release are available now on the company's website, www.freddiemac.com/investors, along with these related materials:
Freddie Mac Multifamily Prices Ninth Securities Offering This Year, K-F04
Marketwire - Wed Aug 06, 4:55PM CDT
Freddie Mac (OTCQB: FMCC) today priced a new offering of Structured Pass-Through Certificates ("K Certificates"
Freddie Mac Prices Two New STACR Credit Risk Sharing Transactions, Including a New Higher LTV Series
Marketwire - Wed Aug 06, 1:34PM CDT
Freddie Mac (OTCQB: FMCC) priced two Structured Agency Credit Risk (STACR(R)) transactions today totaling $1.1 billion. The company priced a $672 million offering of STACR debt notes, Series 2014-DN3, and a $460 million offering of the new STACR-HQ1 series with a reference pool of loans with higher loan-to-value (LTV) ratios. These offerings represent the third and fourth STACR offerings this year where Freddie Mac transfers a portion of its credit risk on certain groups of loans to private investors.
Will Freddie Mac (FMCC) Deliver Improved Q2 Earnings? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 05, 3:40PM CDT
Federal Home Loan Mortgage Corporation (FMCC), popularly known as Freddie Mac, is scheduled to report its second-quarter 2014 results on Aug 6
Ocwen's Mortgage Insurance Practice Under NY Review - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 05, 3:35PM CDT
Ocwen (OCN) has recently been embroiled in a legal mess.
Bank Stock Roundup: Settlement, Restructuring Continues - Citigroup, BofA and JPMorgan in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 04, 12:35PM CDT
Efforts of major banks to conclude litigation issues pertaining to their past business conduct remained the key trend in the last five trading days. Litigation issues dominated the headlines.
Freddie Mac Multifamily Reaches $80 Billion Securitization Milestone and Announces Ninth Securities Offering This Year, K-F04
Marketwire - Mon Aug 04, 8:49AM CDT
Freddie Mac (OTCQB: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates"
Freddie Mac Executes First Sale of Seriously Delinquent Loans From Its Investment Portfolio
Marketwire - Fri Aug 01, 3:20PM CDT
Freddie Mac (OTCQB: FMCC) today announced it has sold deeply delinquent loans from its investment portfolio. The transaction consists of $659 million in unpaid principal balance of loans. It is expected to close later this month.
BofA Fined $1.3B for 'Hustle' Fraud, May Appeal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jul 31, 4:35PM CDT
Litigation, settlements and investigations pertaining to BofA's (BAC) past business conducts continue to make headlines. This time the news is about the settlement related to the sale of risky RMBS for which the bank would pay $1.27 billion.
Freddie Mac Releases 2014 Mid-Year Apartment Outlook
Marketwire - Thu Jul 31, 1:07PM CDT
Freddie Mac (OTCQB: FMCC) released today its mid-year multifamily outlook, showing a strong market with vacancy rates at a 13-year low, a large cohort of young adult renters and potential renters, and a continued demand for apartments that is expected to meet the new supply of units being constructed. A short preview video and the complete mid-year outlook are available here.
Mortgage Rates Remain Largely Unchanged
Marketwire - Thu Jul 31, 9:01AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing average fixed mortgage once again showing very little change while remaining near their 2014 lows prior to a better than expected second quarter gross domestic product reading.
July 31 Premarket Briefing: 10 Things You Should Know
at The Street - Thu Jul 31, 6:27AM CDT
U.S. stock futures were gloomy Thursday, as Argentina's bonds crashed into a default and another massive earnings day got underway.
Blonde Go-Getter Fined $1 Million in Bank of America Fraud Case
at The Street - Wed Jul 30, 5:44PM CDT
Rebecca Mairone, a mid-level Countrywide executive in a hurry in 2007 and 2008, will pay the government $1 million and face a public shaming that may be difficult to overcome.
Freddie Mac 2014 Second Quarter Refinance Report
Marketwire - Tue Jul 29, 2:20PM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its second quarter 2014 quarterly refinance analysis, showing that borrowers will save in aggregate more than $1 billion in interest payments over the coming year, as borrowers continued to shorten their payment terms and build equity in their homes.
Goldman Sachs (GS) to Reach MBS Settlement with FHFA - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jul 28, 6:00PM CDT
Goldman Sachs (GS) has been attempting mediation with the Federal Housing Finance Agency (FHFA), per a Wall Street Journal report.
How Will Goldman Sachs (GS) Stock Be Affected By A FHFA Mortgage Settlement?
at The Street - Mon Jul 28, 7:05AM CDT
Goldman Sachs (GS) is in talks to settle a Federal Housing Finance Agency claim the bank sold faulty mortgage-backed securities to Fannie Mae (FNMA) and Freddie Mac (FMCC).
Freddie Mac Stock: Why Warren Buffett Sold His Shares
Patrick Morris, The Motley Fool - Motley Fool - Fri Jul 25, 1:11PM CDT
Warren Buffett and President Barack Obama. Think you've heard everything about Fannie Mae and Freddie Mac ? Wait until you here why Warren Buffett unloaded the Berkshire Hathaway stake that was once worth nearly $4 billion. The...