Entries tagged "Freddie Mac"

Roll Call: Six impossible things before breakfast

Here are some must-read stories to get your Monday started.

I-banks, law firms hiring for structured finance

The amount of bankers and lawyers trading offices to cover mortgage- and asset-backed securities and related products has risen.

Fannie opening chance for change

If Fannie Mae's government appointed president Herb Allison moves to Treasury, then the Obama administration has an opportunity to reassess executive roles at the mortgage lender.

Dodd on the hot seat

Connecticut's senior senator may face a challenging re-election bid because of his connection to the financial crisis.

Freddie Mac CEO lasts six months

David Moffett will step down as CEO from struggling government-controlled Freddie Mac on March 13.

Bank Watch: Stocks slide, and Citigroup cancels Christmas

Stocks dropped Tuesday as investors grew anxious over a decision on a bailout of the auto industry and further layoff announcements. The Dow fell 242.85 points to 8,691.33, the S&P 500 dropped 21.03 points to 888.67, and the Nasdaq slipped 24.40 points to 1,547.34. Financial stocks slipped....

Fed to buy $600B in toxic mortgage assets

As the credit crisis continues, the Federal Reserve on Tuesday said it will buy up to $600 billion in mortgage-backed assets. The Fed will buy up to $100 billion in direct obligations from government-sponsored mortgage giants Fannie Mae and Freddie Mac, and the Federal Home Loan Banks. It will also take on $500 billion in mortgage-backed securities....

Roll Call: Oct. 27, 2008

DealBook's new columnist Jack Flack offers Fannie Mae and Freddie Mac's former chief some advice when appearing before Congress later in the week. (DealBook) Deal Journal's Heidi Moore calls the report of a Goldman, Sachs & Co.-Citigroup Inc. merger a bad idea. (Deal Journal) Meanwhile, Clusterstock's John Carney and Portfolio's Felix Salmon have been engaging in an online debate over whether it was right for Treasury to let Lehman Brothers Holdings Inc. fail. (Clusterstock) On the subject of the Treasury, Henry Blodget has some harsh suggestions on how TARP should be executed in light of reports that J.P. Morgan...

No joke, Freddie battles Lehman for $1.2B

In a comedy of errors, Freddie Mac wants to investigate transactions regarding $1.2 billion that bankrupt Lehman Brothers Holdings Inc. owes it, while the debtor is trying to stop the transfer of its stock. ...

Fannie and Freddie: From rescued to saviors

As the Troubled Asset Relief Program morphs into an effort to inject some of the $700 billion directly into distressed financial institutions (even if that's not exactly what Congress thought it was authorizing), Treasury Secretary Hank Paulson hasn't given up on the original TARP, and has found a new use for Fannie Mae and Freddie Mac. It's so great to own nearly everything....

Freddie Mac hires, fires and places 'help wanted' signs

Using a similar restructuring approach as mortgage lender Fannie Mae, Freddie Mac is streamlining top management.The new structure eliminates the need for a chief business officer. As a result, Patricia Cook will be leaving the company. ...

Bank Watch: Easing out of panic mode

While Federal Reserve Chairman Ben Bernanke was warning lawmakers that a recession with higher unemployment could be on the way unless they act on the Bush administration's $700 billion plan to bail out the financial industry, Wall Street had another dreary day with the Dow down 161.52. Still, financial stocks ended the day mixed with Goldman Sachs Group Inc. and Morgan Stanley, the only remaining investment banks, both in the green. - Maria Woehr   Troubled Wall Street Prices at 4 pm EDT Name Price at open Price at 4pm Change Mkt cap J.P. Morgan Chase & Co. 40.55 40.70...

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