Fannie mae freddie mac?

Question

i'm going to get started on some research about fannie and fred...

i thought it would be easier if anyone can tell me what's the current news is regarding them and be kind enough to provide links and a bit of background information... thank you in advance

Answer 1

I am suprised you asked this.... it was just in the news the other day about Fannie Mae and Freddie Mac being low on funds and trying to figure out HOW to continue to assist people and so on..... SHOOT I don't think I have the link any more--but I saw it on my cell phone (mobile browser) in the Reuter's US  news website.  

Your best solution would be to just Google it. Use the statement Freddie Mac and Fannie Mae recent news stories and that should pull it up.

Fannie Mae was established by congress in 1939 to assist individuals with lower incomes to obtain homes with a smaller sum of a down payment, etc.  I feel they do more than this, but this is the "general purpose" of the organization.  It is considered a non profit.  Freddie Mac is almost the same thing.  Was established in 1970--again by Congress.  I forget what paticular "Act" or law put it into action.  Freddie Mac is a smaller version of Fannie Mae.  

I hope this is of some help to you. I feel you should be able to find a lot of the info on their websites as well.  

www.fanniemae.com   www.freddiemac.com

WHOOPS my bad---Fannie Mae is actually a public shareholder corporation!  It looks like the President and CEO recently made a "biggie" statement.  It's on the home page of Fannie Mae.  Go take a peek.

Good luck in your research.

Answer 2

All I know, short them in your portfolio.

Answer 3

FNMA and FHLMC are two of the 3 top government sponsored housing lender programs in the nation (GNMA is the 3rd). They lend banks the cash collateral to provide consumers loan options for mortgages.

I don't know what you need info on, so I can't really answer the question. Are you looking to invest in FNMA/FHLMC stocks? Are you looking to better understand your loan options? Are you simply trying to understand the ebb and flow of Wall Street and economics?

Answer 4

FRE FNM

Currently FRE pays 19% yeild on the purchase price.

FNM pays 19.8%.

The stocks are at bargain prices. The price hasn't been so low in many years.

This may mean an unparalled buy oppourtunity. Of course you may lose your shirt but if FRE and FNM collapse so does the entire financial system. So really there is nothing to lose and everything to gain by investing here.

Answer 5

All I know is, their collapse and bailout is a disaster for America.  They were both Federally backed loan institutions and just a few months back, many were pushing to expand them.  Who was watching the writing on the wall? No one. They wrote loans to people who had no income!  Now, their defunct loans belong to the Government which has no money but has to back them. Apparently, if you had 100,000 or more in the back, anything over 100,000 you can only get 50 cents on the dollar.

In my opinion, if you were a home buyer, did you really think you could borrow 100,000 with no job? No assets? No credit? If so, dumb as a salt l**k and you deserve what you get. I find it hard to believe that everyone got bamboozled. Why should taxpayers bail those people out?

What about the old lady who bought her house years ago, Husband got Cancer and drained all their savings and now old lady can't make her payment and is in foreclosure. I'd be willing to pay for her but not for scamers who thought they were players.

Answer 6

http://en.wikipedia.org/wiki/Federal_Hom...