Fannie Mae – News Stories About Fannie Mae - Page 7

MARKETS

Jul 16, 2008 3:27 PM CDT

Markets Surge on Oil, Financials

Another drop in crude, good news from Wells Fargo brings out the bulls

(Newser) - The markets rallied big today, as the price of oil fell for a second day and financials regained some of the ground lost in recent chaotic sessions, the Wall Street Journal reports. The Dow gained 276.74 to go back over the 11,000 mark, at 11,239.28. The...

Ex-Fannie Mae Chief: Don't
Bail 'Em Out

OPINION

Jul 16, 2008 8:53 AM CDT

Ex-Fannie Mae Chief: Don't Bail 'Em Out

Fannie and Freddie have resources; what they need is clarity

(Newser) - Coherent policy from Washington—not a financial bailout—is what mortgage titans Fannie Mae and Freddie Mac are most in need of, writes former Fannie chief Franklin Raines in the Washington Post. “They have more than enough capital to meet their cash obligations,” he writes, as well as...

Dow Sinks Below 11K

MARKETS

Jul 15, 2008 3:34 PM CDT

Dow Sinks Below 11K

Fannie, Freddie continue to sink; regional banks hit hard

(Newser) - The markets ended mixed today after a seesaw session. An $8 decline in crude encouraged investors, but concerns about the fate of the mortgage GSEs and regional banks persisted, MarketWatch reports. The Dow ended down 93.39 at 10,961.80, the first time in over 2 years the average...

'No Immediate Plans' to Prop Up Freddie/Fannie: Paulson

Jul 15, 2008 1:08 PM CDT

'No Immediate Plans' to Prop Up Freddie/Fannie: Paulson

Bernanke gives gloomy outlook for rest of 2008, but raises growth forecast

(Newser) - The US government won't be lending capital to Fannie Mae and Freddie Mac in the near future, Treasury Secretary Henry Paulson told a Senate committee today. "There are no immediate plans to access either the proposed liquidity or the proposed capital backstop,'' Paulson said, and any lending to...

Paulson's Imprimateur on
Freddie/Fannie
Rescue

MARKETS

Jul 15, 2008 9:16 AM CDT

Paulson's Imprimateur on Freddie/Fannie Rescue

Madcap weekend recasts Treasury Secretary in Clintonian mold

(Newser) - Henry Paulson had a very busy weekend. The treasury secretary had been formulating contingency plans for bailing out beleaguered Fannie Mae and Freddie Mac for weeks, but Friday’s crisis came before those plans were in place, the Wall Street Journal reports in a reconstruction of events leading to the...

Financials Nudge Markets Down

MARKETS

Jul 14, 2008 3:31 PM CDT

Financials Nudge Markets Down

Anxiety over Fannie, Freddie, fate of regional banks kill early rally

(Newser) - The markets saw modest losses today, erasing an early-session rally spurred by the announcement of a government bailout plan for Freddie Mac and Fannie Mae as investors mulled the ramifications of a government rescue, MarketWatch reports. The Dow fell 45.35 points, closing at 11,055.19. The Nasdaq shed...

Fierce Lobbying Deflected Warnings on Fannie, Freddie

ANALYSIS

Jul 14, 2008 1:44 PM CDT

Fierce Lobbying Deflected Warnings on Fannie, Freddie

Mortgage giants deflected calls for stricter capital requirements

(Newser) - For years, critics have warned that Fannie Mae and Freddie Mac’s special status as government-sponsored enterprises allowed them to shoulder risk far beyond their minimal capitalization requirements, the Washington Post reports. The firms have used their unique position in the financial system, and high-intensity lobbying efforts, to quash any...

Fannie/Freddie: It's Bad, but It Could Be Worse

OPINION

Jul 14, 2008 8:32 AM CDT

Fannie/Freddie: It's Bad, but It Could Be Worse

Regulation helped stave off real disaster, writes Krugman

(Newser) - The government's move to shore up Fannie Mae and Freddie Mac has led to new fears about the state of the American economy—but don't worry too much, writes Paul Krugman in the New York Times. Fannie and Freddie are problematic institutions, but compared to the actions of big banks...

Washington Seeks Rescue
of Freddie and Fannie

Jul 13, 2008 5:48 PM CDT

Washington Seeks Rescue of Freddie and Fannie

White House asks Congress to approve package

(Newser) - After a frenzied week that saw Fannie Mae and Freddie Mac teeter near collapse, the US Treasury and Federal Reserve are seeking to save the nation's two largest mortgage finance companies. Officials say that the plan, if approved by Congress, will let the government buy billions of dollars in Freddie...

Fannie, Freddie Edge Back
From the Brink

ANALYSIS

Jul 12, 2008 7:11 AM CDT

Fannie, Freddie Edge Back From the Brink

Panic eases after turbulent trading, but big test is yet to come

(Newser) - Fears of a collapse of Fannie Mae or Freddie Mac finally eased yesterday after a stomach-churning rollercoaster ride that saw a 50% nosedive for the mortgage giants in early trading, writes the Wall Street Journal. A week of panic, prompted in part by reports that the government was preparing rescue...

Mortgage Worries Stalk Stocks

MARKETS

Jul 11, 2008 3:49 PM CDT

Mortgage Worries Stalk Stocks

Anxiety over Freddie, Fannie, plus higher crude, gives markets a bad day

(Newser) - The markets saw losses today, battered by continued worries over the solvency of mortgage guarantors Fannie Mae and Freddie Mac and a fresh spike in crude prices, MarketWatch reports. The Dow fell 128.48, to 11,100.54. The Nasdaq shed 18.77, closing at 2,239.08, while the...

Stocks Decline as Fannie, Freddie Fall, Oil Leaps

Jul 11, 2008 9:56 AM CDT

Stocks Decline as Fannie, Freddie Fall, Oil Leaps

Market nears 11,000 for first time in two years

(Newser) - Stocks tumbled this morning as investors focused on troubles at mortgage companies Fannie Mae and Freddie Mac and watched oil prices climb further into record territory. The Dow fell more than 170 points and neared the 11,000 mark for the first time in two years. Investors seemed unimpressed by...

Fannie, Freddie Plunge Gives
Short Sellers
a Field Day

Jul 11, 2008 9:29 AM CDT

Fannie, Freddie Plunge Gives Short Sellers a Field Day

Very quietly, the sharks are making a killing

(Newser) - With the rest of the world wringing its hands over fears of a Fannie Mae or Freddie Mac collapse, one tribe on Wall Street is smiling: the short sellers. Investors have bet against Fannie and Freddie in growing numbers as the two mortgage lenders' positions grew more precarious. But handsome...

As Speculation Swirls, Panic Stalks Freddie, Fannie

Jul 11, 2008 7:56 AM CDT

As Speculation Swirls, Panic Stalks Freddie, Fannie

As mortgage giants face increased losses, investors uncertain of their futures

(Newser) - What started as a whisper Monday is a roar at week’s end as investors wrestle with the fate of mortgage giants Fannie Mae and Freddie Mac, the Wall Street Journal reports. While neither firm, which together own or back roughly half the nation’s mortgages, faces imminent collapse, awareness...

Lender Woes Keep Lid on Gains

MARKETS

Jul 10, 2008 3:39 PM CDT

Lender Woes Keep Lid on Gains

Financials rally as outlook darkens for government lenders

(Newser) - The markets ended with modest gains today, led by a rally in financials despite continued anxiety over the future of Freddie Mac and Fannie Mae, MarketWatch reports. Treasury chief Henry Paulson and Ben Bernanke's call for greater regulatory powers encouraged investors. The Dow gained 81.58 points to 11,229....

Feds Mull Possible Bailout
for Freddie and Fannie

Jul 10, 2008 9:49 AM CDT

Feds Mull Possible Bailout for Freddie and Fannie

The 2 mortgage giants continue to suffer with huge stock slides, losses

(Newser) - With the shares of mortgage titans Fannie Mae and Freddie Mac plummeting to their lowest points in more than 15 years, the Bush administration is weighing what to do in the event of a collapse, reports the Wall Street Journal. No rescue plan is imminent—both companies are expected to...

Fed to Crack Down on Subprime Loans

Jul 8, 2008 8:26 AM CDT

Fed to Crack Down on Subprime Loans

Also plans to extend low-cost overnight loan program for banks

(Newser) - The Federal Reserve will issue new rules next week restricting subprime lending and other exotic loans aimed at borrowers with weak credit, Ben Bernanke said today. He said the Fed is also considering extending the overnight low-cost loan program, which helps big banks in need of quick cash, a sign...

Oil Drops, but Rally Fades

MARKETS

Jul 7, 2008 3:38 PM CDT

Oil Drops, but Rally Fades

S&P 500 off 20% from October high

(Newser) - The markets saw modest losses today after a rally spurred by a drop in crude prices sputtered over capital concerns at Fannie Mae and Freddie Mac, MarketWatch reports. The Dow fell 56.58 to 11,231.96, the Nasdaq dropped 2.06 to 2,243.32, and the S&P...

Countrywide 'Bailout' Is Dem Chicanery

OPINION

Jun 18, 2008 1:33 PM CDT

Countrywide 'Bailout' Is Dem Chicanery

Left is extending crisis by irresponsibly aiding its pals, Armey says

(Newser) - Congressional Dems are selling their $300 billion bill granting new taxpayer loan guarantees as a boon to homeowners, but Dick Armey sees more cynical motives in the “bailout” legislation. The former House majority leader writes in the Journal, pegging the recent revelations of sweetheart Countrywide loans for top (Dem)...

Obama VP Vetter Draws Heat for Iffy Salary, Mortgages

Jun 11, 2008 11:27 AM CDT

Obama VP Vetter Draws Heat for Iffy Salary, Mortgages

GOP hammering VP search head Johnson over Fannie Mae ties

(Newser) - The questionable past of the man leading Barack Obama's VP search was a gift to the GOP trying to rough up Obama's image as a squeaky-clean outsider, the Washington Post observes, but it also underscores the difficulty the Democrat faces in broadening his grass-roots campaign to the general-election stage. Obama...