Freddie Mac
Government Sponsored Enterprise and Company
Who sold what, published Nov. 21...2 BR, Morgan Stanley to M. Garcia 680 Galleon Court, $225,000, 10-28-09, 1,113 SF, 2 BR, H. Phan to Z. Ma 10-29-09, 1,474 SF, 4 BR, Federal Home Loan Mortgage to X. Li 2160 Luz Avenue, $160,000, 10-27-09, 1,165 SF, 3 BR, Federal Home... In this article: US Bank, Federal Home Loan Mortgage, American Home Mortgage, Lehman Brothers, Morgan Stanley, GMAC, and Citigroup |
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Reuters | 1 day ago
Freddie Mac to sell $3 bln of bills on Monday
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Freddie Mac, FHLB, Fannie Mae 2009 note calendar
Nov 20 (Reuters) - The following are scheduled sales announcement dates for potential Freddie Mac benchmark notes, Freddie Mac reference notes and REMICs, and Federal Home Loan Bank (FHLB) global note offerings in 2009. Freddie Mac, Fannie...
In this article: FHLB, Fannie Mae, and Reuters
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Fannie Mae, Freddie Mac bill sale calendar
Nov 18 (Reuters) - The following is a list of scheduled U.S. agency bill sales from Fannie Mae and Freddie Mac for 2009. *Freddie Mac 1-month and 12-month auctions are optional and will be sold at least once a month. **=Bills have been...
In this article: Fannie Mae, U.S., and Reuters
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WSJ.com: Markets | 3 days ago
Fannie, Freddie Woes Hurt Apartments
We sent an email to: Please click on the link inside the email to complete your registration Please register to gain free access to WSJ tools. An account already exists for the email address entered. This service is temporary...
In this article: Fannie Mae, All rights reserved, Federal Housing Finance Agency, Manhattan, Tishman Speyer Properties, Harvard University, Fitch Ratings, and Lehman Brothers Holdings Inc.
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USATODAY.com | 5 days ago
Freddie Mac stock is cheap for a reason
Q: Would you invest in Freddie Mac (FRE)? A: Many investors, it seems, can't resist what appears to be a deal. Prices of so-called zombie stocks, financial companies that were at the center of the recent financial debacle, seem almost...
In this article: Fannie Mae, Federal Housing Finance Agency, USA Today, Keefe, Bruyette & Woods, Twitter, Citigroup, and Las Vegas
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Freddie Mac announces 2010 funding calendars
Freddie Mac <FRE.N> <FRE.P>, the No 2. U.S. home funding company, on Friday issued its 2010 reference note and weekly benchmark bill sale calendars. Freddie Mac said in a press release that all sales dates for its reference notes are...
In this article: U.S.
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Freddie Mac posts $5 billion loss
...and excess inventory will impede the recovery "for some time" and push house prices lower, the company said. This means that Freddie Mac's survival will continue to depend on support from the government, which forced the company and...
In this article: Fannie Mae, Unemployment, Balance sheet, Morgan Stanley, U.S. Treasury, and U.S.
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More on Freddie Mac
Description from Wikipedia:
The Federal Home Loan Mortgage Corporation (FHLMC) (NYSE: FRE), known as Freddie Mac, is a government sponsored enterprise (GSE) of the United States federal government. Freddie Mac has its headquarters in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.
The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as mortgage-backed securities to investors on the open market. This secondary mortgage market increases the supply of money available for mortgages lending and increases the money available for new home purchases. The name, "Freddie Mac", was a acronym of the company's full name that had been adopted officially for ease of identification (see "GSEs" below for other examples).
On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades".
Home loan interest rates may go down as a result, and owners of Freddie Mac debt and the Asian central banks who had increased their holdings in these bonds may be protected. Shares of Freddie Mac stock, however, plummeted to about one U.S. dollar on September 8, 2008 . The yield on U.S Treasury securities rose in anticipation of increased U.S. federal debt.
- Name:
- Federal Home Loan Mortgage Corporation (Freddie Mac)
- Type:
- Public (NYSE: FRE)
- Location:
- Tysons Corner CDP, Virginia
- Founded:
- 1970
- Stock Symbol:
- FRE
- Industry:
- Credit services
- Key People:
-
- <small>CEO
- Charles E. Haldeman
- Products:
- Financial services
- Revenue:
- US$ 43.104 billion (2007)
- Operating Income:
- US$ −5.977 billion (2007)
- Net Income:
- US$ −3.094 billion (2007)
- Assets:
- US$ 794.368 billion (2007)
- Equity:
- US$ 26.724 billion (2007)
- No. of Employees:
- 5,281 (2008)
- Motto:
- We Make Home Possible
- Market Cap:
- US$ 270 million (2008)
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