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Blogs about FRE

Blogs	Description	Date Updated
S&P Breaking News on FNM and FRE	After running through the numbers on their abacus, S&P just announced that they have put FNM and FRE on credit watch "Negative" and may downgrade the credit of these two companies in the future. Where have these guys been? Subscribe to Bespoke Premium today. ...	July 25, 2008
PIMCO's Gross says U.S. mortgage write-downs to total $1 trillion	Filed under: Forecasts, Politics, Housing, RecessionContinued declines in U.S. home prices will force financial firms to write down $1 trillion from their balance sheets, Pacific Investment Management Co.'s Bill Gross said in commentary published Thursday.Further, Gross, who manages the world's largest bond fund, said the write-downs will constrict bank lending and require asset sales, and that either of which will affect economic growth. Also, Gross called federal housing assistance legislation...	July 25, 2008
Worst 10-year performers: Fannie Mae hammered by mortgage losses	Filed under: Major movement, Bad news, Federal Natl Mtge (FNM), S and P 500, HousingIn this series, we take a look at the 25 stocks on the S&P 500 Index (SPX) that have turned in the worst performance during the past decade -- what went wrong, and what happens next. Fannie Mae (NYSE: FNM) hardly needs an introduction -- along with her brother, Freddie Mac (NYSE: FRE), she's been grabbing headlines all over the place lately. As government-sponsored mortgage lenders, the siblings have been at...	July 25, 2008
Bailout bill to pour more fuel on the housing bonfire	Filed under: Federal Natl Mtge (FNM), Politics, Housing, RecessionThe Associated Press reports that the House passed a bill that will increase the amount of debt available to buy houses. In the process, it will make the U.S. a much riskier place to invest. That's because when a country's debt tops 60% of its Gross Domestic Product (GDP), lenders consider it a risky credit. The House bill will lift the U.S.'s ratio to 75%. And the dollar will continue to plummet. Of course, the bill is not being...	July 24, 2008
Thursday Outlook: Overbought!	Manipulation? Well, it’s pretty plain when the government deliberately releases a horrible Beige Book report early to coincide with Bank of America's (BAC) announcement it will buy back 75M shares of stock and maintain its dividend--you know the fix is in. Do you wonder where the money will come from to pay this dividend and buy more stock if not from taxpayers via the discount window? Do you realize that the Fed can buy GSE bonds [Fannie (FNM) and Freddie (FRE) for example] direc...	July 24, 2008
Fannie and Freddie and executive pay, oh my	Filed under: Federal Natl Mtge (FNM), Economic data, HousingBoth Republican and Democratic members of Congress agree that Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) may need a taxpayer-funded bailout. Amounts of the bailout have ranged as high as $25 billion. While this is a whopping big bucket of money, it pales in comparison to the $217 billion worth of non-agency securities that have fallen in value and the $1.5 trillion in debt downgrades in 2Q alone. In order to mitigate objections ...	July 23, 2008
$8.6 billion in foreclosed homes weigh down bank balance sheets	Filed under: Federal Natl Mtge (FNM), Economic data, RecessionBloomberg News reports that the 8,500 banks and S&Ls in the U.S. hold $8.56 billion worth of foreclosed homes on their balance sheets. And most of those $6.9 billion, are held by two companies -- Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). They hold 81% of the foreclosed properties but 50% of the mortgages -- more evidence that Fannie and Freddie financed far more bad loans than their standards should have permitted. This...	July 23, 2008
Jim Cramer’s Mad Mail	John from Kentucky writes, “What are your thoughts on Annaly Capital Management (NLY)? Should I hold it here for the juicy dividend that they just increased?” Cramer said he’s lost a lot of money investing in NLY and he isn’t getting behind the name. He said the stock has too much leverage and is too levered to Fannie Mae (FNM) and Freddie Mac (FRE). Join the fastest growing community of small cap investors at Stockhideout.com...	July 22, 2008
Financial ETFs Trip Early, Then Dust Themselves Off	Beginning late last week, financial exchange traded funds [ETFs] had a nice ride. This morning, it appeared the good times were about to stop, but after Treasury Secretary Henry Paulson pushed Congress to quickly approve a plan that would support Fannie Mae (FNM) and Freddie Mac (FRE), the funds righted themselves, reports Martin Crutsinger for the Associated Press.A rescue of the mortgage giants could cost as much as $25 billion, according to the top budget analyst in Congress....	July 22, 2008
Will the real estate collapse cost America $8 trillion?	Filed under: Federal Natl Mtge (FNM)The New York Times reports that the cost to bailout Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) could hit $25 billion. But that cost dwarfs what the collapse of the real estate market might cost our country in total. I think $8 trillion is a reasonable estimate -- that's about 56% of our $14.2 trillion Gross Domestic Product (GDP). Why are we talking about a taxpayer bailout of these two government sponsored entities (GSEs)? After all, shareholders own...	July 22, 2008

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