Tag Archives: quarter losses

Are You Ready For Fannie Mae, Freddie Mac To Demand More Cash?

Fannie and Freddie are going to run out of money any day now unless they get another bailout from the politicians. I expect that whatever Fannie and Freddie ask for, they will receive. How will the fight over the federal … Continue reading

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Fannie Mae, Freddie Mac Reduce Fourth Quarter Losses

The government must be ruing the day it decided to stand behind these mortgage giants and guarantee their obligations. Report: Freddie Mac (FMCC) on Thursday reported a fourth-quarter net loss of $113 million, and would need another sip from the … Continue reading

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Alabama Thrift Stops Mortgage Lending

It got stung by its losses and realized it could no longer manage the mortgage lending disaster. The AP reports: The second-largest thrift in Alabama is suspending mortgage lending amid hefty third-quarter losses as real-estate values moved lower and foreclosure … Continue reading

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Mortgage Companies Reveal Bad First Quarter Earnings

At least some people think the worst is over. Mortgage companies have lost billions. The US economy has lost over $200 billion from the subprime mess which has hurt credit markets around the world. Shares in mortgage lenders and insurers … Continue reading

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