BNET Industries
Fannie Mae (FNM) is in the Financial Services Industry
Latest News and Analysis
There's Nothing to Fear But Fearmongers Themselves
Tom Evslin submits: Have we been talked into a recession? There's little question that's where the economy is now and it seems to be spiraling deeper by the day as we anxiously cut back on almost everything and, in the process, help make our worst economic fears come true....
Is the Government's Fannie/Freddie Conservatorship Failing?
Michael Steinberg submits: The Wall Street Journal's “Mortgage Plan Isn't Cutting Rates” summarizes the track record of Fannie Mae FNM and Freddie Mac FRE since the 79.9% solution conservatorship:The conforming 30-year fixed rate mortgage rate rose from 6.34% to 6.64%.GSE five year notes are selling for 1.5% over equivalent treasuries.GSEs...
Proposed Homeowner Bailout Plans are Loaded With Problems
NuWire Investor submits: by Eric Ames The calls for a homeowner bailout are becoming louder and louder. After all, why should we bailout Wall Street, but not Joe Homeowner, who was the victim in all this? by NuWire Investor
So the Perpetrators Are Now Our Saviors?
Markham Lee submits: It's no secret that I'm of the opinion that Congressional hearings are often a waste of time, that the politicians on the Senate Banking and House Financial Services Committee are clueless, and that Congress is to blame for mismanaging the Mortgage GSEs. Lest you think that...
How Much Are Fannie and Freddie to Blame?
Paul Kedrosky submits: Peter Wallison at AEI has out an attempted take-down of economist Paul Krugman ("Fannie, Freddie and You", 7/14/2008), and pretty much anyone else who thinks Freddie and Fannie's role in this crisis during the 2005-2007 period was irrelevant compared to private actors. It's provocative stuff, and...
Subprime, Alt-A Mortgage Performance Continues To Decline [Housing Tracker]
Seeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic. Feel free to post any interesting links on the subject in the comments section below. Speedier Bank Transfers Sought by Fannie. “Financial Services Roundtable, a trade group representing financial-services companies: Fannie Mae FNM...
Will The Bailout Create New Fannies and Freddies?
Donald Johnson submits: The Emergency Economic Stabilization Act of 2008 could turn into a massive bailout program for municipalities and counties that have seen their revenues “disrupted by the current market turmoil,” and it could create new Fannie Maes FNM and Freddie Macs FRE. And if passed as written...
Again ... It Wasn't Fannie and Freddie
Mark Thoma submits: There are two questions that are being confused in the debate over the source of the financial crisis: 1. What caused Fannie FNM and Freddie FRE to fail? 2. What caused the financial crisis? Answering the first question does not necessarily answer the second. Showing...
The Fannie and Freddie Apocalypse Trade
Paul Kedrosky submits: Let's say that last Tuesday you were looking for a safe port in the storm as markets imploded. Where would you most profitably have gone? Oil? Gold? Cash? Swiss Francs? How about Fannie Mae FNM and Freddie Mac FRE? As the following table shows,...
Don't Blame Fannie and Freddie
Mark Thoma submits: It's time to run this again, and add a bit more to it: Did Fannie and Freddie cause the mortgage crisis?, by Jim Hamilton: Some thoughts about the role played by the GSEs in the run-up in mortgage debt and house prices. ... by...
Can Paulson Add $700B Worth of Value to the Mortgage Market?
Michael Steinberg submits: Treasury Secretary Paulson is asking Congress for another go at unlimited authority - only this time he has acquiesced to a budget of $700B. Paulson claims that the financial system is facing Armageddon if he and his puppet Federal Reserve Chairman Bernanke don’t get their way. They...
The Insanity of Adjustable Rate Mortgages Endures
Michael Steinberg submits: Freddie Mac’s FRE “Weekly Primary Mortgage Market Survey” and press release “30-YEAR FIXED RATE MORTGAGE RATES FALL FOR FIFTH STRAIGHT WEEK” show average mortgage rates and points:30 Year Fixed: 5.78%, 0.6 points and fees by Michael Steinberg
Why Not? - Cramer's Stop Trading! (9/19/08)
Recap of Jim Cramer's comments on Stop Trading! Friday September 19. “I’m feeling so bad for the shorts,” said Cramer. “It’s such a shame.” Cramer went on, “Cox has an aversion to the uptick rule. I think it’s because he’s never been on a trading deck.” "I haven't...
The Fed Giveth, the Fed Taketh Away
Tim Price submits: Market commentators are prone to the overuse of terms like “unprecedented”, but this time the word is finally appropriate. No sooner had markets started to adjust for the nationalisation of US mortgage guarantors Fannie Mae FNM and Freddie Mac FRE, when investment bank Lehman Brothers...
Trust vs. Transparency: What the Market Needs Now
Mark Thoma submits: All the various flavors of economists can have fierce debates over issues such as the proper role of government. Libertarians might stake out one extreme position, someone will argue the other side, and there are always at least a few who will take the middle ground....
Senator Harry Reid: 'No One Knows What To Do'
Trader Mark submits: Well, that's comforting. I'd much rather prefer the current administration's "everything is fine - the fundamentals of this economy are strong - this is just a small pothole" ;)The U.S. Congress is unlikely to pass new legislation to overhaul financial regulations this year because ``no one knows...
Tough Times for Shorts and Longs
David Enke submits: The current market environment is producing difficult decisions for those with both long and short positions. As reported in a recent Reuters article, hedge fund manager and short seller Douglas Kass has been cutting back on his positions. As mentioned by Kass: "It is a dangerous...
The Mess on Wall Street: $4 Trillion Down the Drain
Erick Schonfeld submits: October 7, 2007 by Erick Schonfeld
Fannie/Freddie Nationalization: Where Will It End?
John Browne submits: Last week, the U.S. government took the unprecedented step of effectively nationalizing mortgage giants Fannie Mae FNM and Freddie Mac FRE. Together, the two companies hold or guarantee some $5.2 trillion, or about half, of all American residential mortgages. A substantial portion of this debt is tilting...
Weekly Street Sentiment: From Bad to Worse
First Coverage submits: Derived from the aggregated analysis of thousands of actual trade ideas and data being sent in real-time from the sell-side to the buy-side, the First Coverage Weekly Street Sentiment provides a snapshot of market trends and a unique perspective of the mindset of the Street for...
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- Incorporated: 1938
- CEO: Mr. Herb M. Allison Jr.
Fannie Mae is engaged in providing funds to mortgage lenders through its purchases of mortgage assets, and issuing and guaranteeing mortgage-related securities that facilitate the flow of additional funds into the mortgage market. Co. also makes other investments that increase the supply of affordable housing. Co.'s customers include mortgage banking companies, investment banks, savings and loan associations, savings banks, commercial banks, credit unions, community banks, insurance companies, and state and local housing finance agencies. Co. is organized in three business segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets.
Key Competitors
Industry Transcripts by Seeking Alpha
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Tower Group, Inc. Q3 2008 Earnings Call Transcript
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NorthStar Realty Finance Corp. Q3 2008 Earnings Call Transcript
on Nov 25, 2008about NRF
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Irwin Financial Corporation Q3 2008 Earnings Call Transcript
on Nov 25, 2008about IFC
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American Equity Investment Life Holding Q3 2008 Earnings Call Transcript
on Nov 25, 2008about AEL
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FirstCity Financial Corp. Q3 2008(Quarter End 9/30/08) Earnings Call Transcript
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Fannie Mae Company Info
Board of Directors
Mr. Philip A. Laskawy
Non-Executive Chairman
Mr. Frederick B. Harvey III
Mr. Dennis R. Beresford
Ms. Brenda J. Gaines
Contact Information
3900 Wisconsin Avenue, NW
Washington, DC
202 752-7000
NAICS Code
Real Estate Credit: 522292Brought to you by IBM
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