Archive for October, 2013


Fannie Mae Common Stock: A Once In A Lifetime Asymmetric Bet On …

Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) are government sponsored entities owned by private shareholders and are tasked with providing essential liquidity to the secondary mortgage market. After the $187.5 billion bailout of these two publicly traded companies in 2008/09 they were placed under conservatorship of the Federal Housing Finance Agency. Subsequently, a sweep agreement […]

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Rising Rates and End of QE in 2014 – Fannie Mae

Some of the gist of Fannie Mae’s October Economic Forecast, released Thursday but written late last week, was made obsolete when the government shutdown ended last evening, but the company’s economists did correctly peg the length of the episode and the ultimate outcome,   Given that they did project a shutdown of two to three weeks […]

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The Zacks Analyst Blog Highlights: JPMorgan Chase, Fannie Mae, Freddie Mac, Citigroup and Newmont Mining

For Immediate Release Chicago, IL – October 31, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the JPMorgan Chase Co. (JPM–Free Report), Fannie Mae […]

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Freddie Mac mandates banks for its second risk-sharing MBS

By Adam Tempkin NEW YORK, Oct 30 (IFR) – Government-sponsored mortgage-finance company Freddie Mac has mandated Barclays as sole bookrunner on its second risk-sharing mortgage-backed security, a US$630m trade that is expected to price early next week. Barclays, along with Morgan Stanley, will be the joint lead underwriters on the deal, titled Structured Agency Credit […]

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Roxann Burdick Retires as Head of Beverly Hills/Greater Los Angeles Association of REALTORS®; Edward Segal Named New …

LOS ANGELES, Oct. 29, 2013 /PRNewswire/ — The Beverly Hills/Greater Los Angeles Association of REALTORS® today announced that Chief Executive Officer Roxann Burdick, CAE, has retired after 39 years with the organization. The Board of Directors named Edward Segal, CAE, chief executive officer of the Marin County Association of REALTORS®, to succeed her.  “Roxann Burdick […]

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Freddie Mac Securitizes $1 Billion of HAMP Performing Mortgage Loans

MCLEAN, VA–(Marketwired – Oct 30, 2013) – Freddie Mac (OTCQB: FMCC) announced today that it has begun securitizing performing Home Affordable Modification Program (“HAMP”) modified mortgage loans held in the company’s mortgage-related investments portfolio. These loans were modified to assist borrowers who were at risk of foreclosure, thereby assisting them with keeping their homes. Since the US Treasury […]

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Why Home Sales Fell Last Month

NEW YORK (TheStreet) — Home sales fell significantly from August to September, and real estate industry experts are pointing to higher interest rates and skittish consumer sentiment for the decline. The National Association of Realtors is out with data this week showing its benchmark Pending Home Sales Index fell from 107.6 in August to 101.6 […]

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Fannie and Freddie Were ‘Helpless Victims’ of the Big Banks? Really!?!

The news broke Friday, but JPMorgan’s $5.1 billion payment to settle charges it misled Fannie Mae and Freddie Mac during the housing boom was perfectly made for Saturday Night Live. Specifically, the “Really!?!” segments Seth Meyers and Amy Poehler made famous on Weekend Update. As in: Really!?! Fannie Mae and Freddie Mac were helpless victims […]

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Freddie Mac to sell $2.25 bln in bills on Monday

Mon Oct 28, 2013 8:41am EDT Oct 28 (Reuters) – Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2.25 billion of reference bills on Monday. Freddie Mac said it plans to sell $250 million of one-month bills due Nov. 25, 2013, $1 billion of three-month bills due Jan. 27, 2014, […]

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Fannie Mae Improved Its Underwriting Standards

Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA)’s CEO indicated at the MBA’s annual convention that the mortgage giant has “advanced” its underwriting standards. However, emphasizing the need to fix the problems of the past, the organizations’s CEO cautioned that overhauling everything about the current system could result in negative long-term consequences for the housing market […]

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