U.S. puts faith in Fannie, Freddie: firms, once hemmed in, are freed for bigger role in aiding mortgage market
Article Abstract:
In an effort to reactivate the mortgage sector, government-sponsored companies Fannie Mae and Freddie Mac will be allowed to acquire an additional $200 billion of mortgage-backed securities, an approximate 10% of all new U.S. home mortgages in 2008. Article discusses the mortgage market, interest rates, and the companies' capital raising, and stock value.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Freddie Mac launches sale of preferred stock
Article Abstract:
To raise 6 billion dollars in capital, Freddie Mac announces a preferred stocks offering. Article discusses the company's recent financial losses and dividend cut.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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