|Day Low/High||3.63 / 3.85|
|52 Wk Low/High||0.98 / 4.02|
Shares of Freddie Mac (FMCC) and Fannie Mae (FNMA) were up today following a speech by Mel Watt, director of the Federal Housing Finance Agency that oversees Fannie and Freddie, in which he said the firms will shift their focus toward making more credit available to homeowners.
Fannie Mae and Freddie Mac common and preferred shares were higher Tuesday following a speech by Federal Housing Finance Authority Director Mel Watt.
Shares of Freddie Mac (FMCC) and Fannie Mae (FNMA) are higher after Mel Watt, director of the Federal Housing Finance Agency, offered clear signs of a shift in direction at the agency, which controls both, saying they will shift their focus toward making more credit available to homeowners instead of their existing policy of pulling back from the mortgage market.
Fannie Mae and Freddie Mac are easing up on the standards that must be met for banks to avoid future legal claims, a move aimed at making it easier for people to get a mortgage.
Whatever you think about Fannie Mae and Freddie Mac, there can be little honest disagreement that the government-run mortgage giants are serial accounting offenders.
Fannie Mae quietly acknowledged several errors in its financial statements that have largely gone unnoticed, even by sophisticated investors who made daring contrarian bets on the turnaround of the controversial mortgage giant.
Greenlight Capital founder David Einhorn disclosed he had shorted shares of athenaHealth as part of a basket of technology stocks he believes are indicative of a bubble.
Fannie Mac and Freddie Mac shares rallied late Monday after hedge fund investor Bill Ackman detailed his thinking in owning common shares of the mortgage giant at the Ira Sohn Conference and in an interview with CNBC.
Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) closed up today after activist investor Bill Ackman proposed keeping them.
Housing reform is dead, and Tuesday's delay of a Senate Banking Committee vote on President Obama's favorite piece of housing legislation was only the final nail in the coffin.
Fannie Mac and Freddie Mac shares were higher in early trading Tuesday following a delay in a vote on a bill from Sens. Tim Johnson (D., SC) and Mike Crapo (R., Idaho) to wind down the government sponsored entities.
Just a couple of years ago it looked like no one in Washington wanted to let Fannie Mae and Freddie Mac live, but the government sponsored entities have lately found defenders in unlikely places and are even showing signs of being independent of the Obama Administration.
Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) are lower today as a U.S. Senate plan for the two mortgage financiers faces its first test this week with its authors making last minute changes to gather more support to wind them down.
Put another nail in the coffin of President Obama's efforts to wind down Fannie Mae and Freddie Mac.
Shares of Freddie Mac (FMCC) and Fannie Mae (FNMA) are down after cuts in their home sales forecasts.
Blackstone Group President and COO Hamilton "Tony" James confirmed the company's preferred equity stake in Fannie Mae and Freddie Mac but said he does not believe the asset management giant will drive the debate over the future of the government sponsored enterprises
One of the world's largest asset managers has joined a growing chorus of critics of legislation proposed by Sens. Tim Johnson (D, SD) and Mike Crapo (R., ID) which is widely seen as President Obama's favorite plan to reform the U.S. housing market by winding down Fannie Mae and Freddie Mac.
Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) are higher today after a coalition of investors in both companies began a move to stop Congress from going forward with a U.S. housing finance reform bill, saying it would deny them of a fair share in any remaining value in the companies.
The housing reform legislation that appears to have the most support from the Obama Administration takes sharp criticism from an icon of the Left.
As the Maryland Congressman sees it, the Treasury Department is acting like just like any other swashbuckling investor in squeezing out the minority investors in the government sponsored enterprises.
Earlier today it was announced that Bill Ackman's firm, Pershing Square Capital Management, is increasing its stake in Fannie Mae (FNMA) and Freddie Mac (FMCC) to over 11% in each from a combined 9.8% in both firms.
Activist investor Bill Ackman raised his stake in Fannie Mae and Freddie Mac to more than eleven percent.
Bank of America first quarter 2014 analyst estimates are considerably higher than they should be as many analysts still need to update their targets to reflect a multi-billion dollar settlement the bank reached with Fannie Mae and Freddie Mac five days ago.
On Thursday a new bill was presented to the U.S. House Financial Services Committee, which would do away with Freddie Mac and Fannie Mae in favor of a new housing loan structure bill.
Bank of America reached an agreement to settle litigation with Fannie Mae and Freddie Mac over problem mortgage backed securities.
Fannie Mae, Freddie Mac: Perry Capital v Treasury, FHFA Response The scope of this lawsuit is slightly different than the scope of the $FAIRX lawsuit. Fairholme is arguing chiefly that the FHFA both w...
Investors expect steady sailing following the first two-day meeting of the Federal Open Market Committee under the leadership of Janet Yellen.
Fannie Mae and Freddie Mac common shares are gaining a shred of respect from sell-side analysts, as KBW's Bose George Tuesday raised his price target to $2 from $0 on both government sponsored entities (GSEs).
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