BNET Industries
Freddie Mac (FRE) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $43.1B
- Profit
- Dec 31 2007
- ($3.0B)
- Market Cap
- Jul 07 2008
- $7.6B
Latest News and Analysis
Oil Steadies After Fall to $136
By Angela Moon SEOUL (Reuters) - Oil was little changed above $136 a barrel on Wednesday after falling more than $5 a day ago when the Federal Reserve chairman said that emergency cash may be available past year-end, boosting the dollar and U.S....
Stocks Rise on Banks and Lower Oil
By Kristina Cooke NEW YORK (Reuters) - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline...
Dollar Rises on Bernanke Comments
By Lucia Mutikani NEW YORK (Reuters UK) - The dollar rose on Tuesday as the Federal Reserve's willingness to keep its emergency lending facility open into 2009 for some Wall Street firms calmed fresh credit concerns and encouraged investors to snap up U.S. stocks. A...
Fed May Keep Open Lifeline to Financial Firms
By Burton Frierson NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank might keep open a lifeline to financial firms, while the latest data showed distress in the housing and retail sectors continues. Bernanke promised to...
Paulson Says U.S. Home Foreclosures to Stay High
ARLINGTON, Va (Reuters) - U.S. Treasury Secretary Henry Paulson said on Tuesday that home foreclosure starts may hit 2.5 million this year, many of them the borrowers' own fault for taking out loans they couldn't afford. "There is little public policy-makers can, or...
Fannie, Freddie Shares Gain After OFHEO Comments
NEW YORK (Reuters) - Shares of Fannie Mae FNM and Freddie Mac FRE, the two largest providers of U.S. mortgage finance, rose after their regulator said on Tuesday that they should have adequate returns to raise capital. Shares of both Fannie and Freddie...
Fannie and Freddie's Rude Wake Up Call
John Jansen submits: I get quite a bit of stuff from dealers. I received an email this morning which contains the thoughts of a mortgage trader at a smallish dealer. His position does not have any bearing on his analysis and I do know that the gentleman has been...
World Stocks at 21-month Low as Banks Plunge
By Natsuko Waki LONDON (Reuters) - Fresh credit fears swept global financial markets on Tuesday, pushing world stocks to their lowest levels since October 2006 as concerns intensified that the financial sector would have to raise more capital. Banks tumbled across the board...
Several Firms Come to Defense of Fannie, Freddie
Notable Calls submits: Several firms are out defending Fannie FNM and Freddie FRE: - Piper Jaffray notes there has been much discussion over the past few weeks about the effects of the FASB vote to potentially remove a QSPE concept from FAS 140. by Notable Calls
Fannie, Freddie, and Financing Models of Last Resort
David Merkel submits: Ugh. I’m still not home yet, but after my recent 48-hour news blackout, the news on Fannie FNM and Freddie FRE is pretty amazing. Now, I would not be so certain that an interpretation of SFAS 140 would force Fannie or Freddie to raise capital —...
Fannie and Freddie: Let?s Call the Whole Thing Off
Charlie Bottle submits: Fannie FNM and Freddie FRE are levered more than 50 to 1 (considering their assets on their book, and about 200 to 1 considering also their off balance sheet guarantees). These are levels that would make a Peloton or Bear Stearns portfolio ...
Financials: A Picture Worth a Thousand Words
Richard Shaw QVM Group submits: Who a few years ago would have thought Fannie Mae FNM and Freddie Mac FRE would lose 70+% and 80+% of their market value? This chart comparing the S&P 500 SPY, the S&P Financial Sector XLE, the KBW Large Bank Index KBE with...
Asian Stocks Tumble as Credit Fears Resurface
By Kevin Plumberg HONG KONG (Reuters UK) - Asian stocks fell sharply on Tuesday after big declines in the shares of Fannie Mae FNM and Freddie Mac FRE due to funding concerns gave investors a painful reminder of the fragility of global credit markets. European shares...
FASB 140 and the Random Walk
We know that mortgage giants Fannie Mae and Freddie Mac posted sharp declines today. And we are told -- though we don't really know -- that this drop pulled the financial sector and even the broader market lower as well. We are also told that the reason for Fannie...
Freddie and Fannie, Agonistes
John Jansen submits: Freddie Mac and FNMA stock is each off over 20 percent as I peck away here at 115 PM New York time. There are two stories which I have gleaned from participants. The first story relates to the various private mortgage insurers who are each in...
Monday Options Outlook: FRE, FNM, AA, EWZ, JNPR, YHOO, WB, XLF
Rebecca Engmann Darst co-authored this article. Fannie Mae and Freddie Mac FRE, FNM ? Shares in Fannie Mae and Freddie Mac dove 9% and 11.3% (to read $17.10 and $12.87, respectively), crashing below their 52-week lows, after Fannie announced the issuance of $3 billion in two-year notes and Freddie...
Housing Market Seen Getting Worse
NEW YORK (Reuters) - An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS Securities analysts. Falling home prices, soaring foreclosures at a time of ...
Responsible Regulation of the Housing Market?
John M. Mason submits: One of the more difficult aspects of understanding economics is the fact that in many cases, it takes a long time for the full affect of these policies to work themselves through the economy. This then leads to the difficulty that people have in identifying...
The Current Market Atmosphere: Easy Money Hard to Come by
Mike Stathis submits: You've all probably seen or heard about the recently released Harvard Housing study. Among other things, the report discusses the fact that the median wage-earner is unable to afford the median priced home and forecasts a drop in real estate prices to the 1999 level. The fact...
Six Quotes from Fannie Mae on the Mortgage Industry
Here are six key quotes from Fannie Mae's FNM conference call. Fannie Mae primarily competes with another Government-Sponsored Enterprise, Freddie Mac FRE. The quotes are taken from the most recent Fannie Mae transcript, published a few hours after the call ended: 1. Upheavals in the market...
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- Incorporated: 1970
- CEO: Mr. Richard F. Syron
- Employees: 5,281
Freddie Mac is a stockholder-owned company. Co.'s participation in the secondary mortgage market includes providing its credit guarantee for residential mortgages originated by mortgage lenders and investing in mortgage loans and mortgage-related securities. Through its credit guarantee activities, Co. buys mortgage loans by issuing Mortgage Participation Certificates to third-party investors. Co. also rebuys mortgage-related securities that are issued by Co. or the Government National Mortgage Association as well as non-agency entities. Also, Co. guarantees multifamily mortgage loans that support housing revenue bonds issued by third parties and other third party mortgage loans.
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Freddie Mac Company Info
Board of Directors
Mr. Richard F. Syron
Chairman, Chief Executive Officer
Mr. Shaun F. O'Malley
Mr. Jeffrey M. Peek
Mr. Ronald F. Poe
Mr. Stephen A. Ross
Mr. John B. McCoy
Mr. William J. Turner
Mr. Eugene M. McQuade
President, Chief Operating Officer
Ms. Barbara T. Alexander
Mr. Geoffrey T. Boisi
Ms. Michelle Engler
Mr. Robert R. Glauber
Mr. Richard Karl Goeltz
Mr. Thomas S. Johnson
Mr. William M. Lewis Jr.
Contact Information
8200 Jones Branch Drive
McLean, VA
703 903-3883
NAICS Code
Real Estate Credit: 522292Brought to you by IBMSponsored Resources
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