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Federal Home Loan Mortgage Corp

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  • 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.

  • Treasury Secretary, Henry Paulson

    There's a lot of talk on the Hill today about raising the conforming loan limit for Fannie and Freddie from its current $417,000. Treasury Secretary Henry Paulson said, "There is little question that allowing the GSEs to securitize jumbo mortgages would give a short term lift, which would be helpful to a segment of the housing market that has shown some recent improvement but is not functioning as normal."

  • Fannie Mae, Freddie Mac Subprime Restrictions Ease Wednesday, 19 Sep 2007 | 3:57 PM ET

    Fannie Mae and Freddie Mac, the biggest sources of U.S. housing finance, can buy $20 billion more in subprime mortgages under rules unveiled Wednesday to help revive a market hindered by tighter lending standards.

  • Bernanke: Make Fannie, Freddie Loan Hikes Temporary Wednesday, 19 Sep 2007 | 3:41 PM ET

    Federal Reserve Board chairman Ben Bernanke told a key House leader this week that any move to raise the limit on the value of mortgages that Fannie Mae and Freddie Mac can buy should only be temporary.

  • Countrywide CEO Bullish, Asks Government to Do More Wednesday, 19 Sep 2007 | 5:19 AM ET
    Angelo Mozilo

    Countrywide Chairman and CEO Angelo Mozilo delivered a bullish outlook Tuesday for his company as it grapples with the ongoing housing downturn. However, he called on the government to do more to ease the credit crunch and help borrowers in distress avoid foreclosure.

  • Impac Exits Alt-A Market, Cuts 144 Jobs Tuesday, 18 Sep 2007 | 1:59 PM ET

    Shares of Impac plunged more than 13% in trading on the New York Stock Exchange on news of  layoffs and closing of its Alt-A division.

  • National City Sees Mortgage Loss Near $160 Million Monday, 17 Sep 2007 | 11:46 AM ET

    National City said on Monday it expects a third-quarter mortgage banking loss of around $160 million, the high end of its forecast, hurt by slumping housing demand and tighter capital markets.

  • Housing Woes May Push U.S. Near Recession: Forecast Wednesday, 12 Sep 2007 | 12:46 PM ET

    Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back on a slow road to recovery by 2009, according to an economic forecast released Wednesday.

  • U.S. Officials Says Job Fall Won't Stall Economy Friday, 7 Sep 2007 | 2:04 PM ET
    United States Treasury Secretary Henry Paulson

    Bush administration officials Friday sought to ease fears the U.S. was tipping into recession after a government report showed the economy shed jobs for the first time in four years last month.

  • Federal Home Loan Bank Mortgage 'Advances' Surge Tuesday, 4 Sep 2007 | 5:29 PM ET

    Mortgage-related loans by the Federal Home Loan Bank system to members surged 17 percent in August as "extraordinary events" upset credit markets, the FHLB's office of finance said on Tuesday.

  • Why Bush Stepped Into Subprime Meltdown Friday, 31 Aug 2007 | 2:53 PM ET

    After watching for weeks as the mortgage meltdown roiled the markets and squeezed homeowners, President Bush inserted himself directly into the matter today. It remain unclear how much his intervention will help investors, lenders or homeowners. But there's no mystery about why he did it.

  • Stocks Close Mostly Lower Ahead of Bernanke Speech Thursday, 30 Aug 2007 | 6:27 PM ET

    Stocks closed mostly lower after a day of choppy trading as investors worried whether Federal Reserve Chairman Ben Bernanke would signal a possible interest rate cut during a speech Friday morning. Volume was very light but without extreme volatility," said Scott Fullman, director of investment strategy, for IA Englander.

  • Bad Loans Push Freddie Mac Profit Down 45% Thursday, 30 Aug 2007 | 1:56 PM ET

    Freddie Mac, the nation's second-largest buyer and guarantor of home mortgages, said Thursday its second-quarter profit fell 45% as it had to record larger provisions on its books for bad loans.

  • Game Plan for the Week of Aug. 27 Monday, 27 Aug 2007 | 11:13 AM ET

    Now that the market has settled a bit, Cramer went back to his normal Game Plan strategies. Here are his takes on Dollar Tree, Freddie Mac, H&R Block, Dell and Sears Holdings.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.

  • Recession Possiblity Stirring Debate on Wall Street Friday, 24 Aug 2007 | 8:16 AM ET

    The hot topic on the Street is the probability of a recession. Robert Albertson, chief strategist at Sandler O'Neill, and this morning Angelo Mozillo, CEO of Countrywide both voiced fears that a recession was coming. Opinions are sharply divided on this. David Bianco, UBS' Equity Strategist, said earlier this month that the S&P seems to be signaling a "financial sector recession" (i.e. that a recession is expected to mostly affect financial sector profits).

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