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Fannie Freddie Category

Fannie Mae and Freddie Mac, the former mortgage giants shamefully taken into conservatorship by the government, have now suffered another indignity. They were both delisted from the New York and Chicago stock exchanges. Ouch! The NYSE said they asked them to be removed due to low share prices, but they both have had low share [...]

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Freddie Mac Quarterly Profit Report Dubious

Freddie Mac, the ailing GSE so weak the Feds took the reigns back in September, is reporting the first quarterly profit in almost two years. And not surprisingly all the financial networks, blogs, and newspapers are running the headline touting Freddie Mac’s return to profitability. On the surface this would be good news, but one [...]

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David Kellermann, the acting Chief Financial Officer of Freddie Mac, was found dead, the apparent victim of suicide. Federal Housing Finance Agency (FHFA) put out a press release saying, “We at FHFA are very saddened by the death of David Kellermann. For many years, we have known David as a person of the utmost ethical [...]

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Everyone knows the taxpayer had to takeover Freddie Mac last year. But what many do not know is President Obama’s Chief of Staff, Rahm Emanuel was once on the board of directors during it’s heyday of mismanagement. Rahm Emanuel and Freddie Mac Mr. Emanuel profited greatly during his tenure on the Freddie Mac board according [...]

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Franklin Raines, the former CEO of mortgage giant Fannie Mae back when most laughingly referred to it as Fanron, is now thought to be giving “mortgage and housing policy” advice to the Obama campaign. Franklin Raines was the most corrupt CEO since Ken Lay at Enron. Franklin Raines - Mortgage Millions Franklin Raines was the [...]

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Today Warren Buffett wade in on the Fannie Mae and Freddie Mac rescue plan implemented by Hank Paulson’s Treasury Department in a CNBC interview. Buffet agrees with the plan saying, “The Secretary did exactly the right anything”. Fannie Mae and Freddie Mac Rescue Buffet says, “I wouldn’t change anything myself” about the governments bailout plan [...]

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Fannie Mae stock holders are getting killed by the government takeover decision annouced this weekend. The Fannie Mae, Freddi Mac bailout is also an unmitigated disaster for the US tax payer too if you ask Bob Barr. Fannie Mae (NYSE:FNM), Freddie Mac (NYSE:FRE) Stock Price Fannie Mae Freddie Mac stock prices got pounded down hard [...]

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Fannie Mae and Freddie Mac - The End Is Here!

Fannie Mae and Freddie Mac, the two mortgage GSEs, will succumb to government conservatorship announced most likely on Sunday. Fannie Mae and Freddie Mac would continue operating, but their stock value would be wiped out. Fannie Mae and Freddie Mac Bailout According to The New York Times report, “Senior officials from the Bush administration and [...]

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Fannie Mae Posts Larger Than Expected Loss

Fannie Mae today reported a $2.3 Billion Q2 loss much greater than expected. Fannie Mae’s loss of $2.54 a share shocked analysts who expected a loss of 68 cents a share. Fannie Mae announced they’d be cutting their dividend to 5 cents a share down 30 cents to preserve capital. The company will cease buying [...]

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