Fannie & Freddie Takeover

  • Freddie’s Forecast Seems A Little Too Bright Wednesday, 6 Aug 2008 | 11:09 AM ET
    Freddie Mac

    I came away from the Freddie Mac conference call feeling a little, shall we say nicely, confused. The CEO, Richard Syron, warned of the troubled times in housing, even revised his forecast for home price drops, peak to trough, from 15 percent to 18-20 percent. He said we’re only halfway through the correction.

  • Freddie Mac Receives $6.1 Billion in New Funds Wednesday, 1 Jul 2009 | 10:54 AM ET

    Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.

  • Congress Must Let Regulators Do Their Jobs: Bove Monday, 15 Mar 2010 | 9:12 AM ET
    US Capitol Building

    Congress should allow regulators to do their jobs in supervising banks and it must regulate over-the-counter derivatives to prevent a repeat of the financial crisis, Dick Bove, financial strategist at Rochdale Securities, told CNBC Monday.

  • The Future of Fannie Mae and Freddie Mac Thursday, 1 Jul 2010 | 12:20 PM ET

    A housing sector without Fannie Mae spacer and Freddie Mac is a possibility, Edward J. DeMarco, director of Federal Housing Finance Agency (FHFA), told CNBC Thursday.

  • housing_government_200.jpg

    The housing market won’t trend up significantly until it hits bottom, the chairman of the Mortgage Bankers Association, Michael Berman told CNBC Monday, and two changes need to take place before that happens.

  • Government Aid for Housing Wanes Monday, 20 Dec 2010 | 2:43 PM ET
    Home with foreclosure sign

    When North Carolina banking commissioner Joseph Smith's nomination to head the Federal Housing Finance Agency (FHFA) passed out of committee early last week, I thought it was a done deal. Not so much anymore. While his credentials seemed fit for the job, and his support widespread throughout the industry, his timing may be his downfall.

  • GOP Unveils New Plan to End Fannie Mae and Freddie Mac Thursday, 17 Mar 2011 | 12:03 PM ET
    Fixing Whats Broken

    House Republican Conference Chairman Jeb Hensarling (R-Texas) will introduce legislation Thursday to wind down Freddie Mac and Fannie Mae in five years, CNBC has learned.

  • fannie_freddie_logos2.jpg

    One of the more ridiculous complaints about the Federal Housing Finance Agency's lawsuits against 17 banks is that Fannie Mae and Freddie Mac were "sophisticated investors" who knew or should have known about the quality of the mortgages underlying the securities they were buying.

  • Shares Hit 1992 Levels On Capital Concerns Monday, 7 Jul 2008 | 4:27 PM ET

    Shares of Fannie Mae and Freddie Mac, the largest providers of funding for U.S. home mortgages, plunged to their lowest levels since 1992 on concern the companies need to raise more capital amid larger-than-expected losses.

  • Paulson Offers No Hint Of Rescue Plan Friday, 11 Jul 2008 | 3:09 PM ET

    Treasury Secretary Henry Paulson said the government's primary focus is to make sure  Fannie Mae and Freddie Mac remain able carry out their mission.

  • Plan Fails To Calm Investors Monday, 14 Jul 2008 | 8:08 AM ET

    Buyers flocked to Freddie Mac's $3 billion debt sale just hours after the U.S. government pledged support for the nation's top mortgage finance agencies, but the steps failed to stem growing alarm on Wall Street.

  • 1119896 Saturday, 30 Jun 2012 | 1:07 AM ET
  • Paulson Expects Rescue Plan Soon Monday, 21 Jul 2008 | 4:29 PM ET
    Henry Paulson

    Treasury Secretary Henry Paulson, calling it critical that the markets have confidence in Fannie Mae and Freddie Mac, said he expects  congressional approval for a proposed rescue plan this week.

  • Senate Set to Vote On Housing Aid Bill Thursday, 24 Jul 2008 | 10:05 AM ET

    The U.S. Senate is due to vote finally Saturday to approve a major housing market rescue bill, including federal financial assistance for Fannie Mae and Freddie Mac.

  • Stabdard & Poor's Warns Of Ratings Cuts Friday, 25 Jul 2008 | 2:15 PM ET

    Standard & Poor's may cut ratings on Fannie Mae and Freddie Mac, citing concerns that government plans to shore up the mortgage finance companies may subordinate the debt.

  • Home Loan Defauts Drive Big Earings Decline Friday, 8 Aug 2008 | 12:33 PM ET

    Fannie Mae posted a much larger-than-expected second-quarter loss and slashed its dividend more than 85 percent to preserve capital as home loan defaults accelerated in the bleakest U.S. housing market since the Great Depression.

  • Short Sellers Pound Firms' Shares Thursday, 21 Aug 2008 | 11:08 AM ET

    Heightened expectations of a government bailout of U.S. home-funding giants Fannie Mae and Freddie Mac continued to roil their stocks as investors feared such government action would wipe out shareholders.

  • Freddie Debt Sale Eases Fears of Government Takeover Monday, 25 Aug 2008 | 3:34 PM ET

    Fannie Mae and Freddie Mac soared Monday on optimism a government bailout may not be inevitable.  But banks with big holdings in the stocks still tanked.

  • Treasury Preparing Plan To Prop Up Mortgage Giants Friday, 5 Sep 2008 | 5:00 PM ET

    The Treasury is finalizing plans to backstop Fannie Mae and Freddie Mac, the mortgage financing giants that have been struggling with billions of dollars of losses from soured loans, the Wall Street Journal reported.