Citigroup has created the Citi Homeowner Assistance program to help mortgage holders avoid foreclosure.
Citi is not the first and will not be the last bank to announce homeowner relief efforts. Bank of America and JP Morgan Chase have already taken recent measures to spare homeowners from foreclosures. Fannie Mae and Freddie Mac will release details of their […]
I have been watching Fannie Mae and Freddie Mac for quite sometime. Last night, I saw a clip of Jim Cramer talking about the recent rise in these two stocks and he was pretty skeptical. Understandably so.The short sale ban has aided them tremendously, but both stocks have seen a meteoric rise in the past […]
This morning’s first half hour of trading was a wild ride.
I watched shares of Freddie Mac dip to $0.88 and rise to $1.63 within a 10 -15 minute window. It is easy to say I should have bought and quickly sold at the above prices. But, as the saying goes…shoulda, woulda, coulda.
Hindsight is 20/20. I […]
On Friday night, news broke that the government was finalizing the details of its takeover plan for Fannie Mae and Freddie Mac.
Treasury spokeswoman, Brookly McLaughlin’s response to the news: “We are not going to comment on rumors.”
The feds waited until Sunday morning to announce that alas, the rumors are true: the government is taking over Fannie Mae and Freddie […]
Here we go again with the after hours trading!
Shares of Freddie Mac and Fannie Mae fell in excess of 20 percent after the market closed. The drop came after the Wall Street Journal reported that the Treasury Department has nearly finalized plans to inject capital into Freddie Mac and Fannie Mae.
Both GSEs have been able […]
Yesterday was another roller coaster ride for Freddie Mac shareholders.
Shares of the troubled GSE traded up 68 cents in regular trading yesterday (and added another 50 cents this morning). For today’s Freddie Mac, 68 cents is massive, representing an increase of over 20 percent in one day.
One month ago, 68 cents may have turned a few heads but […]
The Dow is down over 200 points today as concerns were raised in the financial sector regarding a government bailout of Fannie Mae and Freddie Mac.
A report from Barron’s sent shares of Fannie Mae and Freddie Mac plunging to record lows. In response to the Barron’s article, the U.S. Treasury said it would not take the role of […]
Today, shares of Fannie Mae and Freddie Mac continued their tumultuous decline, trading down in excess of 30 percent before noon.
One analyst at OptionMonster, Inc. said that shares of the two are likely worthless while analysts at Citigroup say the sell-off has been excessive. In a speech this morning, Secretary Paulson offered little insight through a statement which said […]
Shares of Freddie Mac tumbled another 23 percent today, as capital concerns continued to plague the financials.
During today’s session, shares of the nation’s second largest mortgage buyer traded as low as $9.88 per share. Just to put things in perspective, shares of Freddie Mac started the year around $34. Shares have lost over 70 percent of their value since then, […]
Mondays tend to have slightly negative returns, but yesterday was extremely damaging to shares of the nation’s largest mortgage buyers: Fannie Mae and Freddie Mac.
Yesterday’s freefall was sparked by a Lehman Brothers analyst whose report claimed that both companies may need billions of dollars in new capital to comply with changes to accounting rules.
The same report also […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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