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More on Government Regulation's Role in the Financial CrisisRortybomb • Tue, Aug 31, 2010 -
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Freddie Mac's Net Loss WidensZacks Investment Research • Thu, Feb 25, 2010
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Freddie Mac Lowers Net LossZacks Investment Research • Wed, Nov 11, 2009
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Freddie Mac Q2 2008 Earnings Call TranscriptWed, Aug 6, 2008 • 1 Comment
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Freddie Mac Q1 2008 Earnings Call TranscriptWed, May 14, 2008
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Freddie Mac Q4 2007 Earnings Call TranscriptThu, Feb 28, 2008
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Freddie Mac Q3 2007 Earnings Call TranscriptTue, Nov 20, 2007
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Freddie Mac Q2 2007 Earnings Call TranscriptTue, Sep 25, 2007
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Freddie Mac Q1 2007 Earnings Call TranscriptThu, Jun 14, 2007
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Freddie Mac Q4 2006 Earnings Call TranscriptFri, Mar 23, 2007 • 1 Comment
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FMCC.OB vs. ETF Alternatives
Company Description
Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation’s residential mortgage markets and expand opportunities for home ownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing... More
Country: United States
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, May 15, 9:36 AM Don't look now but the hedgies are betting on Fannie FNMA.OB +6.6% and Freddie FMCC.OB +7%. WSJ says Paulson & Co. and Perry Capital (among others) are buying preferred shares on the off-chance Washington has a change of heart and decides to recapitalize the companies and sell taxpayers' stake on the open market. With the White House overwhelmingly in favor of winding down the two entities, anyone betting on profiting from a potential recap is "placing a political bet … that faces unimaginably long odds," former White House adviser Jim Parrott tells the Journal. 8 Comments [Financials]
- Wednesday, May 8, 9:26 AM Freddie Mac (FMCC.OB) posts Q1 income of $4.6B, the 2nd largest in company history and up from $4.5B in Q4. The remaining dividend obligation to Treasury as of June will be $7B. The crisis moves further into the rear-view mirror as the post-2008 book of business rises to 67%. Loans originated from 2005-08 are 22% of the book and accounted for 85% of credit losses. Comment! [Financials, Earnings]
- Wednesday, May 1, 7:34 AM Congressman Mel Watt of North Carolina looks to be the President's choice to replace Ed DeMarco as head of the FHFA. Getting rid of DeMarco has been a popular idea among many in the Administration as he has consistently blocked plans to implement some sort of principal forgiveness program for underwater homeowners. 9 Comments [Financials, U.S. Economy]
- Tuesday, April 30, 8:49 AM Having loaded up on the preferred stock of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), high-powered investors commence a lobbying blitz to force Congress to abandon liquidation plans and privatize the firms. Sen. Bob Corker calls ownership of the two a "lottery ticket ... I don't give investment advice, but I don't see how these are going to be worth anything down the road." 5 Comments [Financials]
- Friday, April 19, 4:53 PM President Obama is close to naming a replacement for acting FHFA Director Edward DeMarco, who has served in the post since 2009. The administrations has been vetting a short list of candidates including Mel Watt, a Democratic congressman from North Carolina, and Mark Zandi, chief economist at Moody’s, among others. Although there's no leading candidate, a nomination could come as soon as background checks are complete. Comment! [U.S. Economy]
- Monday, April 15, 9:25 AM Mark Zandi is floated as a leading candidate to replace Ed DeMarco at the FHFA, his main attribute apparently being the relative ease with which he could be confirmed. Given Zandi's poor track record on forecasting the economy in general and housing specifically, a job overseeing Fannie and Freddie would seem a curious choice. Strike that. In D.C., it makes perfect sense. 1 Comment [U.S. Economy]
- Monday, April 8, 7:56 AM The preferred stock of Fannie Mae and Freddie Mac is among the hotter issues of the year after doubling thanks to improved results at the firms. The question before the house is whether the government will allow the finance firms to return to private ownership without zeroing out existing investors. As for the common - FNMA.OB and FMCC.OB - "Total casino," says KBW's Bose George. 5 Comments [Financials]
- Thursday, March 21, 10:11 AM Fannie Mae (FNMA.OB +31.5%) and Freddie Mac (FMCC.OB +26.9%) continue a torrid run, now closing in on quadrupling this week. Buy the stocks for a trade, but the idea there is any value at all in the common when it's likely the preferred may even be worthless is "just insane," says John Hempton (an owner of the preferred). 7 Comments [Financials, On the Move]
- Wednesday, March 20, 4:07 AM Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) could repay the Treasury for their 2008 bailout sooner than initially planned, due to a change in the terms of the rescue, the FHFA says. Previously, the firms had to pay a 10% quarterly dividend even if they lost money, and would even borrow money from the Treasury to do so; now they pay a dividend only if they make a profit. The FHFA's prediction follows news that Fannie could repay up to $61.5B due to an accounting change. 2 Comments [Financials]
- Wednesday, March 20, 3:56 AM Freddie Mac (FMCC.OB) has sued Bank of America (BAC) JPMorgan (JPM), Citigroup (C) and 12 other major banks for losses caused by the manipulation of the Libor rate. Freddie, which invested in mortgage bonds and swaps tied to U.S. dollar Libor, is seeking a whole gamut of damages for what it sees as fraud, antitrust violations and breach of contract. The FHFA has already calculated that Freddie and Fannie Mae lost $3B in total because of the Libor manipulation. 11 Comments [Financials]
- Monday, March 4, 6:27 PM The FHA says it is working on a plan to merge some of the operations of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) in a new venture, separate from the two firms, which would operate a secondary mortgage market infrastructure to be used by Fannie and Freddie. The new firm could either be sold or used "as a foundational element of the mortgage market of the future." 4 Comments [Financials]
- Monday, January 28, 9:54 AM A sweet deal, Fannie and Freddie launch a new program to allow certain underwater homeowners to walk away and face a so-called deed-in-lieu rather than foreclosure. "Extraordinarily generous," says University of MD's Phillip Swagel. "We're giving people an incentive to walk away right when the housing market is starting to right itself." 1 Comment [U.S. Economy]
- Wednesday, December 26, 2012, 7:10 AM The Obama Administration considers expanding its mortgage-refinance program to include those loans not held by the GSE's. Fannie and Freddie back just 50% of the nation's mortgages, leaving a big chunk of the 10.8M underwater mortgage loans not qualified for the HAMP. What happened to weaning the nation off of public mortgage finance? 40 Comments [U.S. Economy]
- Wednesday, December 19, 2012, 3:01 PM Fannie Mae and Freddie Mac may have lost more than $3B as a result of Libor-rigging (UBS settlement earlier), according to an FHFA report, which urges the GSEs to sue the banks involved. The companies have begun exploring legal options. 3 Comments [Financials, U.S. Economy, Global & FX]
- Friday, December 14, 2012, 11:47 AM Talking his book at a Brookings conference, Bank of America (BAC) CEO Moynihan warns against a hasty exit for Frannie from the mortgage market. Private capital would like to get a shot at the business, he says, but it's not there yet. "(Fannie and Freddie) will be critical to the transition." Comment! [Financials, U.S. Economy]
- Monday, December 10, 2012, 10:31 AM Fannie Mae (FNMA.OC) and Freddie Mac (FMCC.OB) seem just a bit top-heavy in an inspector general's report. Roughly 2K employees - one sixth of the workforce - are at the "director" or vice president" level, with salaries to match their titles. "It's absolutely critical that our compensation is competitive in the market," says a Fannie spokeswoman, noting the significant risk being managed. 4 Comments [Financials]
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duanboheng
$FMCC.OB: why no one like this stock, i calculated even on the worst assumption this stock deserve $7 per share in next 2 years - View all 0 replies
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x oil -field: @PC Again you are correct...''on both accounts'' HFT machine ran right through all the $FMCC.OB stops,then ran it right back up.funny funny
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x oil -field
WASHINGTON -Sales of previously owned properties grew last month to the highest level in more than 3 years.$FMCC.OB $KBH Dow Jones Newswires - View all 0 replies
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x oil -field
Fannie Mae $FNMA.OB +31.5% Freddie Mac $FMCC.OB +26.9% continue a torrid run,now closing in on*quadrupling this week. http://bit.ly/16Lro8o - View all 0 replies
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x oil -field
$FMCC.OB 52-Wk Range 0.1431 ~ $0.976 Low High +553.46%% Above Low (08/17/12) - (03/20/13) +553.46% $FMCC.OB - View all 4 replies
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x oil -field: .. but if I had waited until today could have bought a house if I wished with over 50% cash down. Enjoy your [I hope] profitable day. X
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x oil -field: BTW at the moment I'm having a coffee with JD,but actually it's more Jack Daniels than coffee. smiles X
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x oil -field
Underwater Americans Skirting Default as HARP Use Rising. $KBH http://bloom.bg/Zz7oiB http://bit.ly/13VlAJJ $FMCC.OB Bloomberg - View all 0 replies
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x oil -field
Underwater Americans Skirting Default as HARP Use Rising. $KBH http://bloom.bg/Zz7oiB $FMCC.OB - View all 0 replies
LATEST REPLIES
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x oil -field: @PC Again you are correct...''on both accounts'' HFT machine ran right through all the $FMCC.OB stops,then ran it right back up.funny funny
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x oil -field
$FMCC.OB 52-Wk Range 0.1431 ~ $0.976 Low High +553.46%% Above Low (08/17/12) - (03/20/13) +553.46% $FMCC.OB - View all 4 replies
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x oil -field: .. but if I had waited until today could have bought a house if I wished with over 50% cash down. Enjoy your [I hope] profitable day. X
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x oil -field: BTW at the moment I'm having a coffee with JD,but actually it's more Jack Daniels than coffee. smiles X
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x oil -field
$FMCC.OB FHA Pullback Boosts Mortgage Insurers. $MTG http://bloom.bg/ZsqJTz $RDN Bloomberg - View all 8 replies
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x oil -field: Senate will consider measure next week to fund govt through Sept. after House passed its plan to avoid shutdown. http://bloom.bg/12vYbyX
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x oil -field
MGIC Investment Corp. $MTG Reaches Agreement on Pool-Insurance Dispute with Freddie Mac. $FMCC.OB Dow Jones Newswires - View all 3 replies
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x oil -field: Bloomberg: Americans on Move Buoying Economy With Mobility Rebound. http://bloom.bg/SqhRLw $MTG $KBH
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x oil -field
WASHINGTON MarketWatch -- Home prices climbed in December taking annual gain to +5.5%. $FMCC.OB http://bit.ly/YVhCL7 $KBH - View all 2 replies
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x oil -field: Reuters: $KBH Home prices cap year with biggest rise since 2006. $FMCC.OB http://reut.rs/XDNe6D
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x oil -field: WASHINGTON MarketWatch -The FHA agency is working on plan to merge some of the operations of $FNMA.OB $FMCC.OB http://bit.ly/XPA1eg
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x oil -field
NEW YORK, /PRNewswire Mortgage rates reached the highest level since Sept.benchmark 30-year fixed mortgage rate jumping to 3.67%.$FMCC.OB - View all 6 replies
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x oil -field: Reuters: $FMCC.OB Freddie Mac turns first annual profit since 2006. http://reut.rs/Y3qxbm
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x oil -field: * Freddie Mac to pay $5.8 bil in profits to taxpayers. $FMCC.OB Freddie Mac turns first annual profit since 2006. http://reut.rs/Y3qxbm
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x oil -field
$FMCC.OB Recovery in U.S. Saving 8 Million Underwater Homeowners. $BAC Bloomberg $Z http://bloom.bg/11wH8Ls - View all 2 replies
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x oil -field: American Securitization Forum Applauds Rejection of Eminent Domain for Mortgages. Dow Jones Newswires Jan.24,2013 12:29 ET (17:29 GMT)
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x oil -field: $FMCC.OB Freddie Mac Posts Its Largest Profit Ever Last Quarter. WSJ http://on.wsj.com/VgtIjY
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x oil -field
$FMCC.OB American Securitization Forum Applauds Rejection of Eminent Domain for Mortgages. Dow Jones Newswires Jan.24, (17:29 GMT) $KBH - View all 5 replies
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x oil -field: Freddie Mac not required to pay a dividend in periods when they report a loss.
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x oil -field: Freddie Mac not required to pay a dividend in periods when they report a loss.Instead of paying 10%div $FMCC.OB paid Treasury Department.
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x oil -field
Home borrowers continue to"cash in" rather than "cash out" when refinancing, according to Freddie Mac. $FMCC.OB http://bit.ly/11DTYaQ $KBH - View all 3 replies
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x oil -field: California Foreclosure Starts Drop 62 Percent from December to 7-Year Low. http://bit.ly/YaPi4W RealtyTrac
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x oil -field: Reuters: $KBH Fed's Evans sees economy achieving "escape velocity" by 2014. $XLF $KBH http://reut.rs/ZFGYxi $FMCC.OB
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California Foreclosure Starts Drop 62 Percent from December to 7-Year Low. http://bit.ly/YaPi4W RealtyTrac $FMCC.OB $KBH - View all 1 replies
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x oil -field: TransUnion: $F National Auto Loan Delinquency Rate Ends Year at Near Record Low. http://mwne.ws/XcIK8R
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x oil -field
Bloomberg: U.S. Set for Biggest State-Local Jobs Boost Since 2007. $FMCC.OB http://bloom.bg/SiiRpF $KBH - View all 3 replies
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x oil -field: New Hampshire Manufacturing Jobs Increased Over Past Year: PR Newswire http://prn.to/VQqhvY
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x oil -field
National Association of Realtors®. November Existing-Home Sales and Prices Maintain ^Uptrend. $FMCC.OB $KBH http://bit.ly/Ta168v - View all 2 replies
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x oil -field: NASDAQ: U.S.Conference Board: Employment Trends Index Rebounds in December. http://bit.ly/ZgzTl6 $FMCC.OB
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x oil -field: Reuters: Consumer watchdog tightens mortgage lending rules on banks. http://reut.rs/ZuEArO $FMCC.OB $Z
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x oil -field
CFPB Rules To Spell Out How Lenders Must Ensure Borrowers Can Repay. update: 1/10/2013 $KBH 00:01 AM ET $FMCC.OB Dow Jones Newswires - View all 1 replies
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x oil -field: WSJ:CFPB Rules To Spell Out How Lenders Must Ensure Borrowers Can Repay. http://on.wsj.com/WuIyyn
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x oil -field
Freddie Mac $FMCC.OB said its single-family seriously delinquency rate declined 2nd straight month in Nov.http://bit.ly/UhyBbk -DJ Newswires - View all 2 replies
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x oil -field: Banks able to count wider asset variety towards buffer reserve - include corporate bonds,&mortgage-backed securities.http://bit.ly/VFnlFF
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x oil -field: Mortgage rules set to be unveiled Thursday by CFPB will spell out how lenders must ensure that borrowers can repay their home loans.-DJ
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x oil -field
November U.S. new homes sales rose,highest level in more than 2 years,a positive report showing steady housing recovery. $FMCC.OB $Z -DJ - View all 4 replies
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x oil -field: Banks to count wider variety of assets toward buffer reserves - include corporate bonds,some mortgage-backed securities.http://bit.ly/VFnlFF
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x oil -field: ''New Hampshire continues to see its manufacturing sector improve," says Tom Dubin, President of the Evanston, IL-based publishing company.