- US mortgage giant Freddie Mac weighs $10 bln share offer (AFP via Yahoo! News)
US mortgage giant Freddie Mac may attempt to raise capital by selling up to 10 billion dollars in new shares after its stock rebounded this week, the Wall Street Journal reported Friday.
- Freddie to adjust mortgage-purchase threshold (Reuters via Yahoo! News)
Freddie Mac expects to purchase mortgages with significantly higher unpaid principal balances, the U.S. mortgage finance company said in a filing with the Securities and Exchange Commission on Friday.
- Lawmakers Fast-Track Help for Mortgage Giants (Washington Post)
A Treasury Department plan to bolster beleaguered mortgage giants Fannie Mae and Freddie Mac will be added to a massive housing package working its way through Congress, to be to the president's desk within days, key lawmakers said today.
- Personal Finance Daily: Mortgage lenders are sobering like it's 1979 (Market Watch)
The turmoil in the financial sector, compounded by the troubles of Fannie Mae and Freddie Mac, has made getting a mortgage these days tougher than it has been in decades. Squeamish lenders, with plenty of potentially poor-performing loans already on their books, are not about to take any chances in extending credit today, especially with home prices soft in so many cities. ...
- Talks on Mortgage Giants Continue (Washington Post)
Treasury officials and senior lawmakers huddled behind closed doors yesterday, searching for a way the Treasury Department might safely invest in mortgage finance giants Fannie Mae and Freddie Mac without exposing taxpayers to massive losses.
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