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To: REAL ESTATE EDITORS
Contact: Doug Duvall, Media, +1-703-903-2476, or Linda Eddy, Investors, +1-703-903-3883
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... Federal Home Loan Mortgage Corporation ("Freddie Macs"). The investments were part of an investment...
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Rising default rates and foreclosures caused the market to question whether Freddie Mac and Fannie Mae had the cash to cover defaults and whether the shrinking margin between outstanding principal and interest and the housing value assets could be covered by Freddie Mac and Fannie Mae's borrowing power.
The prospect of Freddie Mac and Fannie Mae borrowing money to continue buying loans from banks suddenly became very iffy. For one thing, they reasoned, why pump private money into Freddie and Fannie when it was implicitly understood that the government would almost certainly step in with some form of assistance with cash, loans or a combination of both?
After some bluster about how secure Freddie Mac and Fannie Mae were, step in the government has indeed done. Treasury's recent actions t...
... saw assets held in Freddie Mac and Fannie Macs' mortgage backed securities shrink in value, in so...
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Barack-come-lately: Yes, you have to love Barack Obama's gumption. Three days after AIG started paying out those big bonuses, the president goes before the cameras to insist that his administration will do everything legally possible to prevent their disbursement. It's kind of like warning the Japanese to not attack Pearl Harbor -- on Dec. 10. What a guy.
Barney's dreadful cure: The American Enterprise Institute's Peter J. Wallison says Congressman Barney Frank will only exacerbate our economic woes with his plan to "designate and supervise 'systemically significant' companies." Think of an unlimited number of Fannie Maes and Freddie Macs that everyone will treat as being "backed by the government," he says. Ah, socialism marches ever faster.
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To: BUSINESS EDITORS
Contact: MEDIA, Michael Cosgrove, +1-703-903-2123, or INVESTORS, Linda Eddy, +1-703-903-3883, both of Freddie Mac
...-- Freddie Macs Conservator has submitted a request to the U.S. De...
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..., to bail out all the Fannie Maes and Freddie Macs in the world if we would just get serious abo...
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To: REAL ESTATE EDITORS
Contact: Bruce Savage of the Manufactured Housing Institute, +1- 703-558-0662
... Institute (MHI) vigorously opposes Freddie Macs recent announcement that, as of March 1, 2008, it ...
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... securities (Ginnie Maes, Fannie Maes, Freddie Macs) have federal backing. Bonds issued by financ...
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The inventory of homes for sale in Clark County has been shrinking as sales have been making steady improvement since January.
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... percent a week earlier, mortgage company Freddie Mac said Thursday. Rates while above the record l... home-purchase market, Frank Nothaft, Freddie Macs chief economist, told the Associated Press. Rates ...
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... Mae 30-year pools came in at 18.2 CPR and Freddie Macs came in at 19.3 CPR. The declines were led by...