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Federal Home Loan Mortgage Corp

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  • Stocks End Higher After Another Wild Session Tuesday, 20 Nov 2007 | 5:02 PM ET

    Stocks closed higher after another volatile session, helped by a rally among energy shares as oil soared to a record high close of $98 a barrel.

  • I guess it shouldn’t be surprising, but the numbers for Freddie Mac's third quarter losses are really phenomenal. One analyst we called this morning said, “Freddie is a disaster,” and he said we could quote him on that. I won’t, but here’s what’s so striking to me.

  • Stocks Plunge on More Credit, Housing Woes Monday, 19 Nov 2007 | 4:09 PM ET

    Stocks closed sharply lower after a brokerage downgrade of Citigroup sparked concerns that there may be more mortgage losses to come, raising doubts about the outlook for the economy.

  • Freddie Mac Could See $5 Billion in Writedowns Monday, 19 Nov 2007 | 11:22 AM ET

    Freddie Mac may report a loss of between $1 billion to $5 billion on its subprime AAA portfolio, Credit Suisse said on Monday, sending shares in the second-largest U.S. mortgage finance company sharply lower.

  • Stocks Close Lower On More Credit Worries Thursday, 15 Nov 2007 | 6:08 PM ET

    Stocks closed sharply lower as investors remained skittish about the housing slump's toll on the economy and potential credit losses at big financial services companies.

  • One-on-One with Sen. Chris Dodd Monday, 12 Nov 2007 | 10:44 AM ET

    The Democratic presidential hopeful shared his energy plan and his thoughts on the financial markets with Cramer. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Cuomo Rapped by Regulator Over Mortgage Probe Thursday, 8 Nov 2007 | 2:51 PM ET
    Andrew Cuomo

    New York Attorney General Andrew Cuomo was wrong to file subpoenas against Fannie Mae and Freddie Mac without consulting their federal regulator and may have overreached his authority, the regulator wrote in a letter Thursday.

  • Stop Trading!: What's Cuomo Doing?! Thursday, 8 Nov 2007 | 12:21 PM ET

    There's no way to know what's really on the insurer's books, Cramer said. Also, a plea to NY Attorney General Andrew Cuomo to stop his probes before he shuts down the mortgage market.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • The State of The Market Thursday, 8 Nov 2007 | 10:46 AM ET

    On a big down day, it helps to know what - and who - is responsible.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Stocks Hit by Jitters Over Probe of Mortgage Lenders Wednesday, 7 Nov 2007 | 5:00 PM ET

    Stocks closed sharply lower as a probe of the home loan industry by New York's attorney general drew in the country's biggest mortgage finance companies and Washington Mutual warned the housing downturn would extend well into next year.

  • IndyMac Posts Wider Loss, Cuts Dividend in Half Tuesday, 6 Nov 2007 | 2:49 PM ET

    IndyMac Bancorp, one of the largest independent U.S. mortgage lenders, on Tuesday posted a quarterly loss more than five times larger than it had projected, hurt by mounting delinquencies and a collapse in investor demand to buy its home loans.

  • Countrywide Shares Soar; CEO Confirms SEC Probe Friday, 26 Oct 2007 | 12:49 PM ET
    CountryWide

    Countrywide Financial Chief Executive Angelo Mozilo on Friday said the U.S. Securities and Exchange Commission has opened an informal inquiry into his stock sales, confirming previous reports, and that he and the company are cooperating.

  • Mortgage Execs Predict Housing Slump into 2009 Tuesday, 16 Oct 2007 | 4:51 AM ET

    U.S. housing prices will continue to decline at least through the end of next year and may not begin creeping upward again until 2010, executives from the biggest mortgage financiers said Monday.

  • Treasury Wants Greater Fannie, Freddie Oversight Sunday, 7 Oct 2007 | 11:01 AM ET

    The U.S. Treasury Department wants to expand its power to regulate how Fannie Mae and Freddie Mac access the debt markets in a reform that could stifle growth of the mortgage finance companies' investments, according to a document obtained by Reuters.

  • Freddie CEO Says 40%-45% Chance of Recession: FT Friday, 28 Sep 2007 | 5:41 AM ET

    The chief executive of Freddie Mac warned that the U.S. economy faces a 40% to 45% risk of recession induced by the housing market downturn, the Financial Times reported on its Web site.

  • U.S. Economy May Avoid Recession: Freddie Mac Wednesday, 26 Sep 2007 | 5:55 AM ET

    Freddie Mac, the No. 2 U.S. mortgage financing company, does not expect the economy to fall into recession from the housing market downturn and even sees opportunities in the shake-up, its treasurer said on Wednesday.

  • GSE Loan Limit Exceptions: Are They Really Fair? Monday, 24 Sep 2007 | 12:55 PM ET

    I was waiting to see who did it first. I figured it was between California and Florida, and I was right. California wins. Last Thursday, Gov. Arnold Schwarzenegger wrote a letter to Congressional leaders asking for a state exception to the GSE conforming loan limit ($417,000).

  • Countrywide CEO Says Company 'Out' of Subprime Monday, 24 Sep 2007 | 11:20 AM ET
    Angelo Mozilo

    Countrywide Chief Executive Angelo Mozilo said Tuesday the largest U.S. mortgage lender is "out" of the subprime business, apart from offering home loans eligible for purchase by government-sponsored enterprises.

  • Freddie CEO: Mortgage Cap Can Be Lifted Temporarily Thursday, 20 Sep 2007 | 5:21 PM ET

    Freddie Mac’s CEO, Richard Syron, told CNBC that the home-loan provider needs to be able to invest in jumbo loans for about two years in order to help remedy the subprime crisis.

  • Fed, Treasury Are Open to Easing Mortgage Limits Thursday, 20 Sep 2007 | 5:00 PM ET

    Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson both dropped some of their resistance to expanding the role of Fannie Mae  and Freddie Mac  and said the companies could help restore funding for the largest home loans, which has dried up.